UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
1. Name and Address of Reporting Person
Daniel Borders
c/o Borders 1997 Family Trust
Seward & Kissel LLP
One Battery Park Plaza
New York, New York 10004
2. Date of Event Requiring Statement (Month/Day/Year)
February 28, 2000
3. IRS Number of Reporting Person
(Voluntary)
4. Issuer Name and Ticker or Trading Symbol
Webvan Group, Inc. (WBVN)
5. Relationship of Reporting Person(s) to Issuer (Check all
applicable)
( ) Director (X) 10% Owner ( ) Officer (give title
below) ( ) Other (specify below)
6. If Amendment, Date of Original (Month/Day/Year)
03/10/2000
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
<PAGE>
Table I -- Non-Derivative Securities Beneficially Owned
1. Title of Security 2. Amount of 3. Ownership 4. Nature of Indirect
Securities Form: Beneficial Ownership
Beneficially Direct(D) or
Owned Indirect(I)
Common Stock 1,205,130 D
1,275,000 I By Trust(1)
31,438,283 I By Trust(2)
177,470 I By Trusts(3)
Table II -- Derivative Securities Beneficially Owned
<TABLE>
<S> <C> <C> <C> <C> <C>
1.Title of 2.Date Exer- 3.Title and Amount 4. Conver- 5. Ownership 6. Nature of
Derivative cisable and of Securities sion or Form of Indirect
Security Expiration Underlying Exercise Derivative Beneficial
Date Derivative Security Price of Security:
Ownership
(Month/Day/ --------------- Deri- Direct(D) or
Year) Title Amount or vative Indirect (I)
--------------- Number of Security
Date Expira- Shares
Exer- tion
cisable Date
</TABLE>
Explanation of Responses:
(1) Held by Daniel Borders Grantor Retained Annuity Trust I for
the benefit of the Reporting Person.
(2) Held by Borders 1997 Family Trust, of which the Reporting
Person is the Trustee. The Reporting Person disclaims beneficial
ownership of these securities except to the extent of his
pecuniary interest therein.
(3) Held in various trusts for the benefit of family members of
the Reporting Person, of which (except with respect to 67,350
shares) the Reporting Person is Trustee. The Reporting Person
disclaims beneficial ownership of these securities except to the
extent of his pecuniary interest therein.
SIGNATURE OF REPORTING PERSON
2
<PAGE>
/s/ Daniel Borders
___________________________
Daniel Borders
DATE:
March 13, 2000
3
01863001.AA8
