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As filed with the Securities and Exchange Commission on March 6, 2000
Registration No. 333-
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
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USinternetworking, Inc.
(Exact name of registrant as specified in its charter)
DELAWARE 52-2078325
(State or other jurisdiction (IRS Employer
of incorporation or organization) Identification Number)
ONE USi PLAZA 21401-7478
ANNAPOLIS, MARYLAND (Zip Code)
(Address of Principal Executive
Offices)
USinternetworking, Inc. AMENDED AND RESTATED 1998 STOCK OPTION PLAN
MR. WILLIAM T. PRICE, ESQ.
VICE PRESIDENT, SECRETARY AND GENERAL COUNSEL
USinternetworking, Inc.
ONE USi PLAZA
ANNAPOLIS, MARYLAND 21401-7478
(Name and address of agent for service)
(410) 897-4400
(Telephone number, including area code, of agent for service)
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Copy to:
JAMES F. ROGERS, ESQ.
LATHAM & WATKINS
1001 PENNSYLVANIA AVENUE, N.W. SUITE 1300
WASHINGTON, D.C. 20004-2505
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CALCULATION OF REGISTRATION FEE
<TABLE>
<CAPTION>
====================================================================================================================
Title of Each Proposed Maximum Proposed Amount of
Class of Securities Amount to be Offering Price Maximum Registration
to be Registered Registered Per Share (1) Aggregate Fee
Offering
Price (1)
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<S> <C> <C> <C> <C>
Common Stock, par value
$0.001 per share(1) 9,750,000 shares $69.53 $677,917,500 $178,970.22
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</TABLE>
(1) Estimated solely for the purpose of calculating the registration fee
pursuant to Rule 457(h) under the Securities Act of 1933 based on the
average of the high and low prices as reported on the Nasdaq National
Market as of March 1, 2000.
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INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE.
1. The contents of the Registration Statement on Form S-8 relating to
the Amended and Restated Stock Option Plan of USinternetworking, Inc, (the
"Company") previously filed with the Securities and Exchange Commission on April
19, 1999 (File No. 333- 76561) are incorporated as of its date in this
Registration Statement on Form S-8 (the "Registration Statement") by reference.
All documents subsequently filed by the Company pursuant to Section
13(a), 13(c), 14 or 15(d) of the Exchange Act after the date of this
Registration Statement and prior to the filing of a post-effective amendment
which indicates that all securities offered have been sold or which deregisters
all securities then remaining unsold are deemed incorporated by reference in
this Registration Statement and are a part hereof from the date of filing of
such documents. Any statement contained in a document incorporated or deemed to
be incorporated by reference herein shall be deemed to be modified or superseded
for purposes of this Registration Statement to the extent that a statement
contained herein or in any other subsequently filed document which also is or is
deemed to be incorporated by reference herein modifies or supersedes such
statement. Any such statement so modified or superseded shall not be deemed,
except as so modified or superseded, to constitute a part of this Registration
Statement.
ITEM 8. EXHIBITS.
The following is a list of exhibits filed as part of this Registration
Statement, which are incorporated herein:
<TABLE>
<CAPTION>
Exhibit No. Description of Exhibit
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<S> <C>
*5.1 Opinion of Latham & Watkins with respect to the validity of shares being offered.
*23.1 Consent of Bassan & Associates S.C.
*23.2 Consent of Ernst & Young LLP regarding IIT financial statements
*23.3 Consent of Ernst & Young LLP regarding USi financial statements
*23.4 Consent of Latham & Watkins (included in Exhibit 5.1)
*24.1 Power of Attorney (included on signature page)
</TABLE>
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* Filed herewith.
2
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
Registrant certifies that it has reasonable grounds to believe that it meets all
of the requirements for filing on Form S-8 and has duly caused this Registration
Statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Annapolis, State of Maryland, on March 6, 2000.
USinternetworking, Inc.
By: /s/ Christopher R. McCleary
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Christopher R. McCleary
Chairman of the Board and
Chief Executive Officer
POWERS OF ATTORNEY
Each person whose signature appears below constitutes and appoints
Christopher R. McCleary, Harold C. Teubner, Jr. and William T. Price, and each
of them, as his true and lawful attorney-in-fact and agent, with full power of
substitution and resubstitution, for such person and in his name, place and
stead, in any and all capacities, to sign any or all further amendments
(including post-effective amendments) to this Registration Statement, and to
file the same, with all exhibits thereto, and other documents in connection
therewith, with the Securities and Exchange Commission granting unto said
attorney-in-fact and agent, and each of them, full power and authority to do and
perform each and every act and thing requisite and necessary to be done in and
about the premises, as fully to all intents and purposes as he might or could do
in person, hereby ratifying and confirming all that said attorney-in-fact and
agent, or any of them, or his or their substitute or substitutes, may lawfully
do or cause to be done by virtue thereof.
PURSUANT TO THE REQUIREMENTS OF THE SECURITIES ACT OF 1933, AS AMENDED,
THIS REGISTRATION STATEMENT HAS BEEN SIGNED BELOW BY THE FOLLOWING PERSONS IN
THE CAPACITIES AND ON THE DATES INDICATED.
<TABLE>
<CAPTION>
Signatures Title Date
----------- ----- ----
<S> <C> <C>
/s/ Christopher R. McCleary Chairman of the Board and Chief Executive March 6, 2000
- --------------------------------------------- Officer (Principal Executive Officer)
Christopher R. McCleary
/s/ Stephen E. McManus President--E-Commerce Business Unit and March 6, 2000
- --------------------------------------------- Director
Stephen E. McManus
/s/ Harold C. Teubner, Jr. Executive Vice President and Chief Financial March 6, 2000
- --------------------------------------------- Officer (Principal Financial and Accounting
Harold C. Teubner, Jr. Officer)
/s/ R. Dean Meiszer Director March 6, 2000
- ---------------------------------------------
R. Dean Meiszer
/s/ Benjamin Diesbach Director March 6, 2000
- ---------------------------------------------
Benjamin Diesbach
/s/ Ray A. Rothrock Director March 6, 2000
- ---------------------------------------------
Ray A. Rothrock
/s/ Frank A. Adams Director March 6, 2000
- ---------------------------------------------
Frank A. Adams
/s/ William F. Earthman Director March 6, 2000
- ---------------------------------------------
William F. Earthman
</TABLE>
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<TABLE>
<S> <C> <C>
/s/ John H. Wyant Director March 6, 2000
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John H. Wyant
/s/ Joseph R. Zell Director March 6, 2000
- --------------------------------------------
Joseph R. Zell
/s/ Michael C. Brooks Director March 6, 2000
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Michael C. Brooks
/s/ David J. Poulin Director March 6, 2000
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David J. Poulin
/s/ Cathy M. Brienza Director March 6, 2000
- --------------------------------------------
Cathy M. Brienza
</TABLE>
4
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[LATHAM & WATKINS LETTERHEAD]
EXHIBIT 5.1
March 6, 2000
USinternetworking, Inc.
One USi Plaza
Annapolis, Maryland 21404
Re: Registration Statement on Form S-8
Ladies and Gentlemen:
We have acted as counsel to USinternetworking, Inc. (the
"Company"), and we have examined the Registration Statement on Form S-8 (the
"Registration Statement"), to be filed with the Securities and Exchange
Commission in connection with the registration under the Securities Act of 1933,
as amended, of an additional 9,750,000 shares of Common Stock (the "Shares")
reserved for issuance under the Amended and Restated 1998 Stock Option Plan (the
"Plan").
We have examined such questions of law and fact as we have
considered necessary or appropriate for purposes of this opinion.
We are opining herein as to the effect on the subject
transaction of only the General Corporation Law of the State of Delaware, and we
express no opinion with respect to the applicability thereto or the effect
thereon of any other laws or as to any matters of municipal law or any other
local agencies within any state.
Subject to the foregoing and in reliance thereon, it is our
opinion that upon the exercise of options granted pursuant to the Plan and
subject to the Company completing all actions and proceedings required on its
part to be taken prior to the issuance of the Shares pursuant to the terms of
the Plan and the Registration Statement, including, without limitation,
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LATHAM & WATKINS
March 6, 2000
Page 2
collection of required exercise price of the options, the Shares will be validly
issued, fully paid and non-assessable securities of the Company.
We consent to the use of this opinion as an exhibit to the
Registration Statement, and further consent to the use of our name wherever
appearing in the Registration Statement, including the prospectus constituting a
part thereof, and any amendments thereto.
Very truly yours,
/s/ Latham & Watkins
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EXHIBIT 23.1
CONSENT OF INDEPENDENT AUDITORS
We hereby consent to the incorporation by reference in this registration
statement on Form S-8 of USinternetworking, Inc. of our report dated August 20,
1998, which appears on page F-29 of the prospectus constituting part of the
registration statement on form S-1 (No. 333-95543) dated February 18, 2000.
[SIG]
/s/ Bassan & Associados S.C.
Caracas, Venezuela
March 2, 2000
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EXHIBIT 23.2
CONSENT OF INDEPENDENT AUDITORS
We consent to the incorporation by reference in the Registration Statement (Form
S-8, No. 333-_____) pertaining to the USinternetworking, Inc. Amended and
Restated 1998 Stock Option Plan, of our report dated March 23, 1999, with
respect to the consolidated financial statements of I.I.T. Holding, Inc. and
subsidiaries for the years ended December 31, 1996 and 1997, and for the period
from January 1, 1998 through September 7, 1998, included in the Prospectus of
USinternetworking, Inc. (filed pursuant to Rule 424(b) on February 17, 2000),
filed with the Securities and Exchange Commission.
/s/ Ernst & Young LLP
Baltimore, Maryland
March 1, 2000
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EXHIBIT 23.3
CONSENT OF INDEPENDENT AUDITORS
We consent to the incorporation by reference in the Registration Statement (Form
S-8, No. 333-_____) pertaining to the USinternetworking, Inc. Amended and
Restated 1988 Stock Option Plan, of our report dated January 24, 2000, with
respect to the consolidated financial statements of USinternetworking, Inc. for
the year ended December 31, 1999 and for the period from January 14, 1998 (date
of inception) through December 31, 1998, included in the Prospectus of
USinternetworking, Inc. (filed pursuant to Rule 424(b) on February 17, 2000),
filed with the Securities and Exchange Commission.
/s/ Ernst & Young LLP
Baltimore, Maryland
March 1, 2000
