<PAGE>
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935
or Section 30(f) of the Investment Company Act of 1940
1. Name and Address of Reporting Person*
Insight Capital Partners III, LP
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(Last) (First) (Middle)
527 Madison Avenue, 10th Floor
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(Street)
New York, NY 10022
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(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
12/17/99
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3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary)
134048355
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4. Issuer Name and Ticker or Trading Symbol
C-Bridge Internet Solutions, Inc. (CBIS)
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5. Relationship of Reporting Person to Issuer (Check all applicable)
/ / Director /X/ 10% Owner
/ / Officer (give title below) / / Other (specify below)
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6. If Amendment, Date of Original (Month/Day/Year)
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7. Individual or Joint/Group Reporting (Check applicable line)
/ / Form filed by One Reporting Person
/X/ Form filed by More than One Reporting Person
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* If the Form is filed by more than one Reporting Person, see instruction
5(b)(v).
<TABLE>
<CAPTION>
Table I -- Non-Derivative Securities Beneficially Owned
2. Amount 3. Ownership
of Secu- Form:
rities Direct 4. Nature of
Bene- (D) or Indirect
ficially Indirect Beneficial
Owned (I) Ownership
1. Title of Security (Instr. 4) (Instr. 5) (Instr. 5)
-------------------------------- ------------- ------------- ---------------------
<S> <C> <C> <C>
Common Stock 1,440,614(1) D See Footnote 1 Below
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Common Stock 356,866(2) D See Footnote 2 Below
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Common Stock 252,520(3) D See Footnote 3 Below
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Common Stock 25,000(4) D See Footnote 4 Below
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Common Stock 2,050,000(5) I See Footnote 5 Below
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Common Stock 2,050,000(6) I See Footnote 6 Below
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Common Stock 2,050,000(7) I See Footnote 7 Below
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Common Stock 2,050,000(8) I See Footnote 8 Below
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Common Stock 2,050,000(9) I See Footnote 9 Below
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Common Stock 2,062,500(10) I See Footnote 10 Below
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Common Stock 2,062,500(11) I See Footnote 11 Below
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</TABLE>
(Over)
SEC 1473 (7-97)
Page 1 of 13
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<TABLE>
<CAPTION>
Table II--Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
2. Date Exercisable
and Expiration Date 3. Title and Amount of Securities Underlying Derivative
(Month/Day/Year) Security (Instr. 4)
---------------------- -----------------------------------------------------------
Date Amount or
1. Title of Derivative Exercis- Expiration Title Number of
Security (Instr. 4) able Date Shares
---------------------------------------------- ---------- ---------- ---------------------------------------------- -----------
<S> <C> <C> <C> <C>
<CAPTION>
5. Ownership
Form of
Derivative
4. Conver- Security:
sion or Direct 6. Nature of
Exercise (D) or Indirect
Price of Indirect Beneficial
1. Title of Derivative Derivative (I) Ownership
Security (Instr. 4) Security (Instr. 5) (Instr. 5)
---------------------------------------------- ------------- ------------- --------------
<S> <C> <C> <C>
</TABLE>
Explanation of Responses:
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space is insufficient, See Instruction 6 for procedure.
Insight Capital Partners III, LP
By: Insight Venture Associates III, LLC, its
general partner
By: /s/ Jeffrey Horing
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Name: Jeffrey Horing Date: September 21, 2000
Title: Managing Member, InSight Venture
Associates III, LLC
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.
Page 2 of 13
SEC 1473 (7-97)
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(1)The amount listed in Table I reflects the beneficial ownership of the
Issuer's Securities by Insight Capital Partners III, LP, all of which may be
deemed attributable to Insight Venture Associates III, LLC because Insight
Venture Associates III, LLC is the sole general partner of Insight Capital
Partners III, LP.
(2)The amount listed in Table I reflects the beneficial ownership of the
Issuer's Securities by Insight Capital Partners (Cayman) III, LP, all of which
may be deemed attributable to Insight Venture Associates III, LLC because
Insight Venture Associates III, LLC is the sole general partner of Insight
Capital Partners (Cayman) III, LP.
(3)The amount listed in Table I reflects the beneficial ownership of the
Issuer's Securities by Insight Capital Partners III - Co-Investors, LP, all of
which may be deemed attributable to Insight Venture Associates III, LLC because
Insight Venture Associates III, LLC is the sole general partner of Insight
Capital Partners III - Co-Investors, LP.
(4)The amount listed in Table I reflects the beneficial ownership of the
Issuer's Securities by Insight Venture Management, Inc. The officers and
directors of Insight Venture Management, Inc. are Jeffrey Horing, President and
Director, and Jerry Murdock, Vice President and Director, each of whom are also
the sole stockholders of Insight Venture Management, Inc., and as such may be
deemed to be beneficial owners of all shares held by Insight Venture Management,
Inc. Each of Jeffrey Horing and Jerry Murdock disclaim beneficial ownership of
all shares held by Insight Venture Management, Inc., except for 12,500 shares,
respectively, in which each of Jeffrey Horing and Jerry Murdock has a pecuniary
interest. (See Footnotes 10 and 11 below).
(5)The amount listed in Table I reflects the beneficial ownership of the
Issuer's Securities by Insight Capital Partners III, LP, Insight Capital
Partners (Cayman) III, LP and Insight Capital Partners III - Co-Investors, LP,
all of which may be deemed attributable to Insight Venture Associates III, LLC
because Insight Venture Associates III, LLC is the sole general partner of each
of Insight Capital Partners III, LP, Insight Capital Partners (Cayman) III, LP
and Insight Capital Partners III - Co-Investors, LP.
(6)The amount listed in Table I reflects the beneficial ownership of the
Issuer's Securities by Insight Capital Partners III, LP, Insight Capital
Partners (Cayman) III, LP and Insight Capital Partners III - Co-Investors, LP, a
portion of which is attributable to William Doyle because William Doyle is a
managing member of Insight Venture Associates III, LLC, the sole general partner
of Insight Capital Partners III, LP, Insight Capital Partners (Cayman) III, LP
and Insight Capital Partners III - Co-Investors, LP. William Doyle disclaims
beneficial ownership of such securities, except to the extent of his pecuniary
interest therein, which may not be readily determinable.
(7)The amount listed in Table I reflects the beneficial ownership of the
Issuer's Securities by Insight Capital Partners III, LP, Insight Capital
Partners (Cayman) III, LP and Insight Capital Partners III - Co-Investors, LP, a
portion of which is attributable to Ramanan Raghavendran because Ramanan
Raghavendran is a managing member of Insight Venture Associates III, LLC, the
sole general partner of Insight Capital Partners III, LP, Insight Capital
Partners (Cayman) III, LP and Insight Capital Partners III - Co-Investors, LP.
Ramanan Raghavendran disclaims beneficial ownership of such securities, except
to the extent of his pecuniary interest therein, which may not be readily
determinable.
(8)The amount listed in Table I reflects the beneficial ownership of the
Issuer's Securities by Insight Capital Partners III, LP, Insight Capital
Partners (Cayman) III, LP and Insight Capital Partners III - Co-Investors, LP, a
portion of which is attributable to Peter Sobiloff because Peter Sobiloff is a
managing member of Insight Venture Associates III, LLC, the sole general partner
of Insight Capital Partners III, LP, Insight Capital Partners (Cayman) III, LP
and Insight Capital Partners III - Co-Investors, LP. Peter Sobiloff disclaims
beneficial ownership of such securities, except to the extent of his pecuniary
interest therein, which may not be readily determinable.
(9)The amount listed in Table I reflects the beneficial ownership of the
Issuer's Securities by Insight Capital Partners III, LP, Insight Capital
Partners (Cayman) III, LP and Insight Capital Partners III - Co-Investors, LP, a
portion of which is attributable to Roel Pieper because Roel Pieper is a
managing member of Insight Venture Associates III, LLC, the sole general partner
of Insight Capital Partners III, LP, Insight Capital Partners (Cayman) III, LP
and Insight Capital Partners III - Co-Investors, LP. Roel Pieper disclaims
beneficial ownership of such securities, except to the extent of his pecuniary
interest therein, which may not be readily determinable.
(10)The amount listed in Table I reflects the beneficial ownership of the
Issuer's Securities by Insight Capital Partners III, LP, Insight Capital
Partners (Cayman) III, LP and Insight Capital Partners III - Co-Investors, LP, a
portion of which is attributable to Jeffrey Horing because Jeffrey Horing is a
managing member of Insight Venture Associates III, LLC, the sole general partner
of Insight Capital Partners III, LP, Insight Capital Partners (Cayman) III, LP
and Insight Capital Partners III - Co-Investors, LP. Additionally, the amount
listed in Table I reflects the beneficial ownership of the Issuer's Securities
by Insight Venture Management, Inc. Jeffrey Horing, as President and Director of
Insight Venture Management, Inc., and as one of two stockholders of Insight
Venture Management, Inc., may be deemed to be beneficial owner of all shares
held by Insight Venture Management, Inc. Jeffrey Horing disclaims beneficial
ownership of such securities, except to the extent of his pecuniary interest
therein, which consists of 12,500 shares.
(11)The amount listed in Table I reflects the beneficial ownership of the
Issuer's Securities by Insight Capital Partners III, LP, Insight Capital
Partners (Cayman) III, LP and Insight Capital Partners III - Co-Investors, LP, a
portion of which is attributable to Jerry Murdock because Jerry Murdock is a
managing member of Insight Venture Associates III, LLC, the sole general partner
of Insight Capital Partners III, LP, Insight Capital Partners (Cayman) III, LP
and Insight Capital Partners III - Co-Investors, LP. Additionally, the amount
listed in Table I reflects the beneficial ownership of the Issuer's Securities
by Insight Venture Management, Inc. Jerry Murdock, as Vice President and
Director of Insight Venture Management, Inc., and as one of two stockholders of
Insight Venture Management, Inc., may be deemed to be beneficial owner of all
shares held by Insight Venture Management, Inc. Jerry Murdock disclaims
beneficial ownership of such securities, except to the extent of his pecuniary
interest therein, which consists of 12,500 shares.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.
Page 3 of 13
SEC 1473 (7-97)
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Joint Filer Information
Name: Insight Capital Partners III (Cayman), LP
Address: 527 Madison Avenue, 10th Floor
New York, NY 10022
Designated Filer: Insight Capital Partners III, LP
Issuer & Ticker Symbol: C-Bridge Internet Solutions, Inc. (CBIS)
Date of Event: December 17, 1999
Signature: Insight Capital Partners (Cayman) III, LP,
By: Insight Venture Associates III, LLC,
its general partner
By:/s/ Jeffrey Horing
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Name: Jeffrey Horing
Title: Managing Member,
Insight Venture Associates III, LLC
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.
Page 4 of 13
SEC 1473 (7-97)
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Joint Filer Information
Name: Insight Capital Partners III - Co-Investors, LP
Address: 527 Madison Avenue, 10th Floor
New York, NY 10022
Designated Filer: Insight Capital Partners III, LP
Issuer & Ticker Symbol: C-Bridge Internet Solutions, Inc. (CBIS)
Date of Event: December 17, 1999
Signature: Insight Capital Partners III - Co-Investors, LP,
By: Insight Venture Associates III, LLC,
its general partner
By: /s/ Jeffrey Horing
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Name: Jeffrey Horing
Title: Managing Member,
Insight Venture Associates III, LLC
Page 5 of 13
SEC 1473 (7-97)
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Joint Filer Information
Name: Insight Venture Management, Inc.
Address: 527 Madison Avenue, 10th Floor
New York, NY 10022
Designated Filer: Insight Capital Partners III, LP
Issuer & Ticker Symbol: C-Bridge Internet Solutions, Inc. (CBIS)
Date of Event: December 17, 1999
Signature: Insight Venture Management, Inc.
By: /s/ Jeffrey Horing
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Name: Jeffrey Horing
Title: President
Page 6 of 13
SEC 1473 (7-97)
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Joint Filer Information
Name: Insight Venture Associates III, LLC
Address: 527 Madison Avenue, 10th Floor
New York, NY 10022
Designated Filer: Insight Capital Partners III, LP
Issuer & Ticker Symbol: C-Bridge Internet Solutions, Inc. (CBIS)
Date of Event: December 17, 1999
Signature: Insight Venture Associates III, LLC
By: /s/ Jeffrey Horing
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Name: Jeffrey Horing
Title: Managing Member,
Insight Venture Associates III, LLC
Page 7 of 13
SEC 1473 (7-97)
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Joint Filer Information
Name: William Doyle
Address: c/o Insight Capital Partners III, LP
527 Madison Avenue
New York, NY 10022
Designated Filer: Insight Capital Partners III, LP
Issuer & Ticker Symbol: C-Bridge Internet Solutions, Inc. (CBIS)
Date of Event: December 17, 1999
Signature: /s/ William Doyle
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SEC 1473 (7-97)
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Joint Filer Information
Name: Ramanan Raghavendran
Address: c/o Insight Capital Partners III, LP
527 Madison Avenue
New York, NY 10022
Designated Filer: Insight Capital Partners III, LP
Issuer & Ticker Symbol: C-Bridge Internet Solutions, Inc. (CBIS)
Date of Event: December 17, 1999
Additional Relationship
to Issuer: Director
Signature: /s/ Ramanan Raghavendran
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Joint Filer Information
Name: Peter Sobiloff
Address: c/o Insight Capital Partners III, LP
527 Madison Avenue
New York, NY 10022
Designated Filer: Insight Capital Partners III, LP
Issuer & Ticker Symbol: C-Bridge Internet Solutions, Inc. (CBIS)
Date of Event: December 17, 1999
Signature: /s/ Peter Sobiloff
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SEC 1473 (7-97)
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Joint Filer Information
Name: Roel Pieper
Address: c/o Insight Capital Partners III, LP
527 Madison Avenue
New York, NY 10022
Designated Filer: Insight Capital Partners III, LP
Issuer & Ticker Symbol: C-Bridge Internet Solutions, Inc. (CBIS)
Date of Event: December 17, 1999
Signature: /s/ Roel Pieper
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Page 11 of 13
SEC 1473 (7-97)
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Joint Filer Information
Name: Jeffrey Horing
Address: c/o Insight Capital Partners III, LP
527 Madison Avenue
New York, NY 10022
Designated Filer: Insight Capital Partners III, LP
Issuer & Ticker Symbol: C-Bridge Internet Solutions, Inc. (CBIS)
Date of Event: December 17, 1999
Signature: /s/ Jeffrey Horing
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Page 12 of 13
SEC 1473 (7-97)
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Joint Filer Information
Name: Jerry Murdock
Address: c/o Insight Capital Partners III, LP
527 Madison Avenue
New York, NY 10022
Designated Filer: Insight Capital Partners III, LP
Issuer & Ticker Symbol: C-Bridge Internet Solutions, Inc. (CBIS)
Date of Event: December 17, 1999
Signature: /s/ Jerry Murdock
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Page 13 of 13
SEC 1473 (7-97)
