UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Amendment No.: *
Name of Issuer: Webvan Group, Inc.
Title of Class of Securities: Common Stock
CUSIP Number: 94845V-10-7
(Date of Event Which Requires Filing of this Statement)
March 13, 2000
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)
*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 Number: 94845V-10-7
1. Name of Reporting Person
I.R.S. Identification No. of Above Person
Hume R. Steyer
2. Check the Appropriate Box if a Member of a Group
a.
b. X
3. SEC Use Only
4. Citizenship or Place of Organization
United States
Number of Shares Beneficially Owned by Each Reporting Person
With:
5. Sole Voting Power:
44,244,879
6. Shared Voting Power:
7,500
7. Sole Dispositive Power:
44,244,879
8. Shared Dispositive Power:
7,500
9. Aggregate Amount Beneficially Owned by Each Reporting
Person
44,294,379
10. Check Box if the Aggregate Amount in Row (9) Excludes
Certain Shares / /
11. Percent of Class Represented by Amount in Row (9)
-2-
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13.5%
12. Type of Reporting Person
IN
-3-
<PAGE>
Item 1(a) Name of Issuer: Webvan Group, Inc.
(b) Address of Issuer's Principal Executive Offices:
310 Lakeside Drive
Foster City, CA 94494
Item 2(a) - (c). Name, Principal Business Address, and
Citizenship of Persons Filing:
Hume R. Steyer
Seward & Kissel LLP
One Battery Park Plaza
New York, New York 10010
Hume R. Steyer - United States citizen
(d) Title of Class of Securities: Common Stock
(e) CUSIP Number: 94845V-10-7
Item 3. If this statement is filed pursuant to Rule
13d-1(b)(1) or 13d-2(b) or (c) check whether the person
filing is:
(a) / / Broker or dealer registered under Section 15 of
the Act,
(b) / / Bank as defined in Section 3(a)(6) of the Act,
(c) / / Insurance Company as defined in
Section 3(a)(19) of the Act,
(d) / / Investment Company registered under Section 8
of the Investment Company Act,
(e) / / Investment Adviser registered under Section 203
of the Investment Advisers Act of 1940,
(f) / / Employee Benefit Plan, Pension Fund which is
subject to the provisions of the Employee
Retirement Income Security Act of 1974 or
Endowment Fund,
(g) / / Parent Holding Company, in accordance with Rule
13d-1(b)(ii)(G),
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<PAGE>
(h) / / Savings association as defined in Section 3(b)
of the Federal Deposit Insurance Act,
(i) / / Church plan excluded from the definition of an
investment company under Section 3(c)(14) of
the Investment Company Act,
(j) / / Group, in accordance with Rule 13d-
1(b)(1)(ii)(H).
If this statement is filed pursuant to Rule 13d-1(c), check
this box. /X/
Item 4. Ownership.
(a) Amount Beneficially Owned: 44,294,397 shares
owned by Hume R. Steyer
(b) Percent of Class: 13.5% by Hume R. Steyer
(c) Hume R. Steyer: 7,500 shares with shared power
to vote or to direct the vote; 44,244,879
shares with sole power to vote or to direct the
vote; 7,500 shares with shared power to dispose
or to direct the disposition of; 44,244,879
shares with the sole power to dispose or to
direct the disposition of
Item 5. Ownership of Five Percent or Less of a Class.
N/A
Item 6. Ownership of More than Five Percent on Behalf of
Another Person.
As of March 13, 2000, the Reporting Person became
the sole Trustee of the Borders 1997 Family Trust
(the "Trust"). Of the shares reported hereon,
31,438,283 shares are held on behalf of the Trust.
Item 7. Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported by the
Parent Holding Company.
N/A
-5-
<PAGE>
Item 8. Identification and Classification of Members of the
Group.
N/A
Item 9. Notice of Dissolution of the Group.
N/A
Item 10.
Certification for Rule 13d-1(c): 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.
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.
/s/ Hume R. Steyer
_________________________
Hume R. Steyer
March 16, 2000
6
01863001.AB4
