PETSMART INC
SC 13D/A, 1999-01-11
RETAIL STORES, NEC
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                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                  SCHEDULE 13D
                                 (Rule 13d-101)

             INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
                 TO RULES 13d-1(a) AND AMENDMENTS THERETO FILED
                            PURSUANT TO RULE 13d-2(a)
                               (Amendment No. 2)*

                                 PETsMART, Inc.
- - --------------------------------------------------------------------------------
                                (Name of Issuer)

                         Common Stock, $.0001 par value
- - --------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                    716768106
- - --------------------------------------------------------------------------------
                                 (CUSIP Number)

William D. Savoy                                David R. Wilson
Vulcan Ventures Incorporated                    Foster Pepper & Shefelman PLLC
110-110th Avenue N.E., Suite 550                1111 Third Avenue, Suite 3400
Bellevue, WA  98004                             Seattle, WA  98101
(206) 453-1940                                  (206) 442-8116


                     December 24-29, 1998
- - --------------------------------------------------------------------------------
             (Date of Event Which Requires Filing of his Statement)

         If the filing person has  previously  filed a statement on Schedule 13G
to report the  acquisition  which is the subject of this  Schedule  13D,  and is
filing this schedule  because of Rule  13d-1(b)(3)  or (4),  check the following
box.

     Note: Six copies of this statement, including all exhibits, should be filed
with the  Commission.  See Rule 13d-7(b) for other parties to whom copies are to
be sent.

         *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.   716768106            13D                 Page   2   of   8   Pages
                                                           -----    -----      


                                             


<PAGE>


- - --------------------------------------------------------------------------------
- - - ------------------------------------------------------------------------------
   1     NAME OF REPORTING PERSON
         S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                  Vulcan Ventures Incorporated

- - --------- ----------------------------------------------------------------------
   2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*            (a) |_|
                                                                      (b) |_|

- - --------- ----------------------------------------------------------------------
   3     SEC USE ONLY


- - --------- ----------------------------------------------------------------------
   4     SOURCE OF FUNDS*

                  N/A
- - --------- ----------------------------------------------------------------------
   5     CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
         ITEMS 2(d) OR 2(E)


- - --------------------------------------------------------------------------------
   6     CITIZENSHIP OR PLACE OF ORGANIZATION

                  Washington Corporation
- - --------- ----------------------------------------------------------------------
     NUMBER OF SHARES        7    SOLE VOTING POWER
  BENEFICIALLY OWNED BY
           EACH                   -0- shares
     REPORTING PERSON
           WITH
                            ----- ---------------------------------------------
                             8    SHARED VOTING POWER

                                  5,374,548 shares

                            ----- ---------------------------------------------
                             9    SOLE DISPOSITIVE POWER

                                  -0- shares

                            ----- ---------------------------------------------
                             10   SHARED DISPOSITIVE POWER

                                  5,374,548 shares

- - ---------------------------- ----- ---------------------------------------------
  11     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                  5,374,548 shares
- - --------- ----------------------------------------------------------------------
  12     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*


- - --------- ----------------------------------------------------------------------
  13     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

                  4.6%
- - --------- ----------------------------------------------------------------------
  14     TYPE OF REPORTING PERSON*

                  CO
- - --------- ----------------------------------------------------------------------

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!


<PAGE>

   
CUSIP NO.   716768106         13D                    Page   3   of   8   Pages
- - --------------------------------------------------------------------------------



- - --------------------------------------------------------------------------------

- - --------------------------------------------------------------------------------
- - --------- ----------------------------------------------------------------------
   1     NAME OF REPORTING PERSON
         S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                  Paul G. Allen

- - --------- ----------------------------------------------------------------------
   2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*          (a) |_|
                                                                    (b) |_|

- - --------- ----------------------------------------------------------------------
   3     SEC USE ONLY


- - --------- ----------------------------------------------------------------------
   4     SOURCE OF FUNDS*

                  N/A
- - --------- ----------------------------------------------------------------------
   5     CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
         TO ITEMS 2(d) OR 2(E)


- - --------- ----------------------------------------------------------------------
   6     CITIZENSHIP OR PLACE OF ORGANIZATION

                  United States Citizen
- - --------- ----------------------------------------------------------------------
     NUMBER OF SHARES        7    SOLE VOTING POWER
  BENEFICIALLY OWNED BY
           EACH                            -0- shares
     REPORTING PERSON
           WITH
                            ----- ---------------------------------------------
                             8    SHARED VOTING POWER

                                           5,374,548 shares

                            ----- ---------------------------------------------
                             9    SOLE DISPOSITIVE POWER

                                           -0- shares

                            ----- ---------------------------------------------
                             10   SHARED DISPOSITIVE POWER

                                           5,374,548 shares

- - ---------------------------- ----- ---------------------------------------------
  11     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                  5,374,548 shares
- - --------- ----------------------------------------------------------------------
  12     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*


- - --------- ----------------------------------------------------------------------
  13     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

                  4.6%
- - --------- ----------------------------------------------------------------------
  14     TYPE OF REPORTING PERSON*

                  IN
- - --------- ----------------------------------------------------------------------

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!


<PAGE>


- - --------------------------------------------------------------------------------
Item 1.  Security and Issuer
- - --------------------------------------------------------------------------------

     Title of Class of Equity  Securities:  Common  Stock,  $.0001 par value per
share, of PETsMART, Inc.

Name and Address of Principal Executive Offices of the Issuer:

         PETsMART, Inc.
         10000 N. 31st Ave., Suite C-100
         Phoenix, Arizona  85051

Item 2.  Identity and Background

     (a) Name of Person Filing: Vulcan Ventures Incorporated ("Vulcan Ventures")

                  State of Organization:    Washington

     (b) Principal Business: Investments in various companies

     (c)  Address  of  Principal  Business:  110-110th  Avenue N. E.,  Suite 550
Bellevue, Washington 98004

          Address of Principal Office:     110-110th Avenue N. E.,
                                           Suite 550
                                           Bellevue, Washington 98004

     (d) Conviction in a Criminal  Proceeding  (excluding  traffic violations or
similar misdemeanors) during the Last Five Years: No

     (e) Party in a Civil Proceeding  during the last five years and as a result
was or is  subject  to a  judgment,  decree  or  final  order  enjoining  future
violations of or prohibiting or mandating activities subject to federal or state
securities laws or finding any violation with respect to such laws: No

         The  names,   business  address,   present  principal   occupation  and
citizenship of each executive officer, director and controlling person of Vulcan
Ventures is as follows:

         Paul G. Allen (See Page 7 of 8)

         William D. Savoy, Vulcan Northwest Inc.,  110-110th Avenue N.E., Suite
550, Bellevue,  WA 98004. Mr. Savoy is Vice President and Director of Vulcan 
Ventures and President and Director of Vulcan Northwest Inc.  
Citizenship is U.S.

         Bert E. Kolde,  Vulcan  Northwest Inc.,  110-110th  Avenue N.E., 
Suite 550, Bellevue,  Washington 98004. Mr. Kolde is Vice President,  
Secretary,  Treasurer and Director of Vulcan  Ventures and Vice  President of
Vulcan  Northwest  Inc. Citizenship is U.S.


         Jo Allen Patton,  Vulcan Northwest Inc., 110-110th Avenue N.E., 
Suite 550, Bellevue, WA 98004. Ms. Patton is Vice President,  Vice Chairman and
Director of Vulcan  Ventures  and Vice  President, Director and Vice Chairman 
of  Vulcan Northwest Inc. Citizenship is U.S.

         To the best  knowledge of Vulcan  Ventures,  during the last five years
none of these  people have been  convicted in a criminal  proceeding  (excluding
traffic violations or similar  misdemeanors) or a party to a civil proceeding as
a result of such  proceeding  was or is subject to a  judgment,  decree or final
order  enjoining  future  violations of, or prohibiting or mandating  activities
subject to federal  or state  securities  laws or  finding  any  violation  with
respect to such laws.



Item 3:  Source and Amount of Funds or Other Consideration

         N/A

Item 4.  Purpose of Transaction

         N/A

Item 5.  Interest in Securities of the Issuer

     (a)  Aggregate  Number  of  Shares  of  Common  Stock  of  PETsMART,   Inc.
Beneficially Owned: 5,374,548 shares

     Percentage of Common Stock of PETsMART,  Inc.  Owned (based on  116,361,390
shares of common stock outstanding as of December 11, 1998): 4.6%

     To the best knowledge of Vulcan Ventures, its directors, executive officers
and controlling persons beneficially own the following shares of the Issuer:

     Paul G. Allen, Director,  President and sole shareholder of Vulcan Ventures
beneficially  owns  5,374,548  shares  (which is the  5,374,548  shares owned by
Vulcan Ventures).


     (b)      Sole Voting Power:                  -0- shares
              Sole Dispositive Power:             -0- shares
              Shared Voting Power:             5,374,548 shares
              Shared Dispositive Power:        5,374,548 shares

     (c) The following transactions in Common Stock of PETsMART,  Inc. were open
market sales on The Nasdaq Stock Market  effected by Vulcan  Ventures during the
past 60 days:

       Trade date              Number of Shares              Price
      Of Purchases             Of Common Stock             Per Share
      ------------             ---------------             ---------
        12/24/98                    50,000                  10 1/16
        12/24/98                    50,000                  10 1/4
        12/28/98                    25,000                  10 13/16
        12/28/98                   100,000                  10 3/4
        12/28/98                   150,000                  10 11/16
        12/28/98                   125,000                  10 5/8
        12/28/98                    25,000                  10 5/16
        12/28/98                    75,000                  10 1/4
        12/29/98                    10,000                  11 7/8
        12/29/98                    20,000                  11 13/16
        12/29/98                    20,000                  11 3/4
        12/29/98                   150,000                  11 5/8
        12/29/98                   110,000                  11 1/2

         (d)      N/A

         (e)      N/A

     Item 6.  Contracts,  Arrangements,  Understandings  or  Relationships  with
Respect to Securities of the Issuer.

         Neither Vulcan Ventures nor any of the executive officers, directors or
controlling  persons  of  Vulcan  Ventures,  has  any  contracts,  arrangements,
understandings  or  relationships  (legal or  otherwise)  with any  person  with
respect to any securities of the Issuer,  finder's fees, joint ventures, loan or
option agreements,  puts or calls, guarantees of profits, division of profits or
loss, or the giving or withholding of proxies.

Item 7.  Material to be Filed as Exhibits.

         None.

                                    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.

                          VULCAN VENTURES INCORPORATED



01/11/99                            By:     /s/ Paul G. Allen
(Date)                                      Paul G. Allen, President


<PAGE>


Item 1.  Security and Issuer

     Title of Class of Equity  Securities:  Common Stock,  $0.0001 par value per
share, of PETsMART, Inc.

Name and Address of Principal Executive Offices of the Issuer:

         PETsMART, Inc.
         10000 N. 31st Ave., Suite C-100
         Phoenix, Arizona  85051

Item 2.  Identity and Background


<PAGE>


- - - ------------------------------------------------------------------------------

     
     
     
     
- - - ------------------------------------------------------------------------------
     (a)  Name of  Person  Filing:Paul G. Allen, Director, President and sole
shareholder of Vulcan Ventures

     (b) Business Address: 110-110th Avenue N. E. Suite 550 Bellevue, Washington
98004

     (c) Principal  Occupation and the Name of Principal Business and Address of
any corporation in which such employment is conducted:

                           Chairman
                           Vulcan Northwest Incorporated
                           110 - 110th Ave. N.E., Suite 550
                           Bellevue, WA  98004

     (d) Conviction of a Criminal  Proceeding  (excluding  traffic violations or
similar misdemeanors) during the last five years: No

     (e) Party in a Civil Proceeding  during the last five years and as a result
was or is  subject  to a  judgment,  decree  or  final  order  enjoining  future
violations of or prohibiting or mandating activities subject to federal or state
securities laws or finding any violation with respect to such laws: No

         (f)      Citizenship:      U.S.

Item 3:  Source and Amount of Funds or Other Consideration

         N/A

Item 4.  Purpose of Transaction

         N/A

Item 5.  Interest in Securities of the Issuer

     (a)  Aggregate  Number  of  Shares  of  Common  Stock  of  PETsMART,   Inc.
Beneficially Owned: 5,374,548 shares

     Percentage of Common Stock of PETsMART,  Inc.  Owned (based on  116,361,390
shares of common stock outstanding as of December 11, 1998): 4.60%

      (b)      Sole Voting Power:                  -0- shares
               Sole Dispositive Power:             -0- shares
               Shared Voting Power:             5,374,548 shares
               Shared Dispositive Power:        5,374,548 shares

     (c) The following transactions in Common Stock of PETsMART,  Inc. were open
market sales on The Nasdaq Stock Market  effected by Vulcan  Ventures during the
past 60 days:

       Trade date              Number of Shares              Price
      Of Purchases             Of Common Stock             Per Share
      ------------             ---------------             ---------
        12/24/98                    50,000                  10 1/16
        12/24/98                    50,000                  10 1/4
        12/28/98                    25,000                  10 13/16
        12/28/98                   100,000                  10 3/4
        12/28/98                   150,000                  10 11/16
        12/28/98                   125,000                  10 5/8
        12/28/98                    25,000                  10 5/16
        12/28/98                    75,000                  10 1/4
        12/29/98                    10,000                  11 7/8
        12/29/98                    20,000                  11 13/16
        12/29/98                    20,000                  11 3/4
        12/29/98                   150,000                  11 5/8
        12/29/98                   110,000                  11 1/2

         (d)      Not applicable

         (e)      Not applicable

     Item 6.  Contracts,  Arrangements,  Understandings  or  Relationships  with
Respect to Securities of the Issuer.

         Paul Allen does not have any contracts, arrangements, understandings or
relationships  (legal  or  otherwise)  with  any  person  with  respect  to  any
securities  of the  Issuer,  finder's  fees,  joint  ventures,  loan  or  option
agreements,  puts or calls, guarantees of profits,  division of profits or loss,
or the giving or withholding of proxies.

Item 7.  Material to be Filed as Exhibits.

         None.


                                    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.



01/11/99                                             /s/ Paul G. Allen
(Date)                                               Paul G. Allen




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