SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No. 1)*
Salon.com
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
79549F108
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(CUSIP Number)
December 22, 2000
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
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* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
<PAGE>
CUSIP No. 79549F108 13G Page 2 of 6 Pages
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1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
William R. Hambrecht
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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NUMBER OF 5. SOLE VOTING POWER 870,275
SHARES --------------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER 575,639
OWNED BY --------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER 870,275
REPORTING --------------------------------------------------------------
PERSON 8. SHARED DISPOSITIVE POWER 575,639
WITH:
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,445,914(1)
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.39%
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12. TYPE OF REPORTING PERSON*
IN
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1 Mr. Hambrecht has a 23.1% ownership interest in WR Hambrecht + Co., LLC and is
the manager of this entity. WR Hambrecht + Co., LLC directly owns 575,639 shares
of Salon.com. Mr. Hambrecht directly owns 870,275 shares of Salon.com. Mr.
Hambrecht disclaims beneficial ownership of all the shares of Salon.com. held
directly by the LLC other than with respect to 132,972.6 shares represented by
his proportionate ownership interest in the LLC.
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CUSIP No. 79549F108 13G Page 3 of 6 Pages
Item 1(a). Name of Issuer:
Salon.com
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Item 1(b). Address of Issuer's Principal Executive Offices:
22 Fourth Street, 16th Floor
San Francisco, CA 94103
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Item 2(a). Name of Person Filing:
William R. Hambrecht
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Item 2(b). Address of Principal Business Office, or if None, Residence:
539 Bryant Street, Suite 100
San Francisco, CA 94107
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Item 2(c). Citizenship:
United States of America
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Item 2(d). Title of Class of Securities:
Common Stock
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Item 2(e). CUSIP Number:
79549F108
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Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b)
or (c), Check Whether the Person Filing is a:
(a) [ ] Broker or dealer registered under Section 15 of the Exchange
Act.
(b) [ ] Bank as defined in Section 3(a)(6) of the Exchange Act.
(c) [ ] Insurance company as defined in Section 3(a)(19) of the Exchange
Act.
(d) [ ] Investment company registered under Section 8 of the Investment
Company Act of 1940.
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CUSIP No. 79549F108 13G Page 4 of 6 Pages
(e) [ ] An investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E).
(f) [ ] An employee benefit plan or endowment fund in accordance
with Rule 13d-1(b)(1)(ii)(F).
(g) [ ] A parent holding company or control person in accordance
with Rule 13d-1(b)(1)(ii)(G).
(h) [ ] A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act.
(i) [ ] A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act of 1940.
(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
Item 4. Ownership.
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned: 1,445,914
(b) Percent of class: 10.39%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 870,275
(ii) Shared power to vote or to direct the vote: 575,639
(iii) Sole power to dispose or to direct the disposition of: 870,275
(iv) Shared power to dispose or to direct the disposition of: 575,639
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following
[ ]
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CUSIP No. 79549F108 13G Page 5 of 6 Pages
Item 6. Ownership of More Than Five Percent on Behalf of Another Person.
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company or Control
Person.
Not applicable.
Item 8. Identification and Classification of Members of the Group.
Not applicable.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certifications.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
<PAGE>
CUSIP No. 79549F108 13G Page 6 of 6 Pages
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
January 10, 2000
/S/ WILLIAM R. HAMBRECHT
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William R. Hambrecht
Note. Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7(b) for other
parties for whom copies are to be sent.
Attention. Intentional misstatements or omissions of fact constitute federal
criminal violations (see 18 U.S.C. 1001).
