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UNITED STATES 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
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1. Name and Address of Reporting Person**
The Goldman Sachs Group, Inc.
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(Last) (First) (Middle)
85 Broad Street
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(Street)
New York, NY 10004
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
August 18, 1999
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3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary)
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4. Issuer Name and Ticker or Trading Symbol
Tunes.com Inc. (TUNZ)
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5. Relationship of Reporting Person(s) 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/Year)
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7. Individual or Joint/Group Filing (Check applicable line)
[ ] Form Filed by One Reporting Person
[ X ] Form Filed by More than One Reporting Person
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<TABLE>
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Table I -- Non-Derivative Securities Beneficially Owned |
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| | | |
| | | |
| | 3. Ownership Form: | |
| 2. Amount of Securities | Direct (D) or | |
1. Title of Security | Beneficially Owned | Indirect (I) | 4. Nature of Indirect Beneficial Ownership |
(Instr. 4) | (Instr. 4) | (Instr. 5) | (Instr.5) |
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<S> <C> <C> <C>
| | | |
Common Stock* | 01 | 01 | 01,02 |
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
**If the form is filed by more than one Reporting Person, see Instruction
5(b)(v).
FORM 3 (continued)
<TABLE>
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Table II -- Derivative Securities Beneficially Owned |
(e.g., puts, calls, warrants, options, convertible securities) |
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| | | | | |
| | | | 5. Owner- | |
| | 3. Title and Amount of Securities | | ship | |
| | Underlying Derivative Security | | Form of | |
|2. Date Exercisable | (Instr. 4) | | Derivative | |
| and Expiration Date | --------------------------------- | 4. Conver- | Security: | |
| (Month/Day/Year) | | Amount | sion or | Direct |6.Nature of |
|---------------------- | | or | Exercise | (D) or | Indirect |
|Date |Expira- | | Number | Price of | Indirect | Beneficial|
1. Title of Derivative |Exer- |tion | | of | Derivative| (I) | Ownership |
Security (Instr. 4) |cisable |Date | Title | Shares | Security | (Instr.5) | (Instr. 5)|
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<S> <C> <C> <C> <C> <C> <C> <C>
Series A-I Convertible | | | | | | | |
Preferred Stock* | 03 | 03 |Common Stock | 02,03 | 03 | 02 | 02 |
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Series A-II Convertible | | | | | | | |
Preferred Stock* | 03 | 03 |Common Stock | 02,03 | 03 | 02 | 02 |
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Series A-III Convertible| | | | | | | |
Preferred Stock* | 03 | 03 |Common Stock | 02,03 | 03 | 02 | 02 |
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Series A-IV Convertible | | | | | | | |
Preferred Stock* | 03 | 03 |Common Stock | 02,03 | 03 | 02 | 02 |
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Common Stock Warrants | | | | | | | |
(right to buy)* | Immed. | 04 |Common Stock | 04 | $8.00 | 02,05 | 03,05 |
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</TABLE>
Instruction 5(b)(v) list of other Reporting Persons:
This statement is being filed by GS Capital Partners II, L.P. ("GSCP II"), GS
Capital Partners II Offshore, L.P. ("GSCP II Offshore"), GS Capital Partners II
(Germany) Civil Law Partnership ("GSCP II Germany"), Stone Street Fund 1997,
L.P. ("Stone Street 1997"), Bridge Street Fund 1997, L.P. ("Bridge Street 1997"
and, together with GSCP II, GSCP II Offshore, GSCP II Germany, and Stone Street
1997, the "Limited Partnerships"), GS Advisors, L.P. ("GS Advisors"), GS
Advisors II (Cayman), L.P. ("GS Advisors II"), Goldman, Sachs & Co. oHG ("GS
oHG"), Stone Street Asset Corp. ("Asset Corp."), Goldman, Sachs & Co. ("Goldman
Sachs") and The Goldman Sachs Group, Inc. ("GS Group" and, together with GSCP
II, GSCP II Offshore, GSCP II Germany, Bridge Street 1997, Stone Street 1997, GS
Advisors, GS Advisors II, GS oHG, Asset Corp. and Goldman Sachs, the "Reporting
Persons"). The principal business address of each of GS Group, GSCP II, Stone
Street 1997, Bridge Street 1997, Asset Corp., GS Advisors and Goldman Sachs is
85 Broad Street, New York, New York 10004. The principal business address of
each of GSCP II Offshore, and GS Advisors II is c/o Maples and Calder, P.O. Box
309, Grand Cayman Islands. The principal business address of each of GSCP II
Germany and GS oHG is Messeturm Friedrich-Ebert-Anlage 49, 60308 Frankfurt am
Main, Germany.
Explanation of Responses:
*All share amounts have been adjusted to reflect a 1.25-for-1 stock split to be
effected immediately prior to completion of the initial public offering of
Tunes.com Inc.'s Common Stock (the "IPO").
01: Goldman Sachs and GS Group may be deemed to own beneficially and indirectly
3,492 shares of Common Stock through GSCP II Offshore, GSCP II Germany, Stone
Street 1997, and Bridge Street 1997. Goldman Sachs and GS Group each disclaim
beneficial ownership of the securities reported herein as indirectly owned
except to the extent of their pecuniary interest therein.
GSCP II Offshore may be deemed to own beneficially and directly and its general
partner, GS Advisors II, may be deemed to own beneficially and indirectly, 2,339
shares of Common Stock. GS Advisors II disclaims beneficial ownership of the
securities reported herein except to the extent of its pecuniary interest
therein.
GSCP II Germany may be deemed to own beneficially and directly and its managing
partner, GS oHG, may be deemed to own beneficially and indirectly 216 shares of
Common Stock. GSCP II Germany disclaims beneficial ownership of the securities
reported herein except to the extent of its pecuniary interest therein.
Stone Street 1997 may be deemed to own beneficially and directly and its general
partner, Asset Corp., may be deemed to own beneficially and indirectly 631
shares of Common Stock. Asset Corp. disclaims beneficial ownership of the
securities reported herein except to the extent of its pecuniary interest
therein.
Bridge Street 1997 may be deemed to own beneficially and directly and its
managing general partner, Asset Corp., may be deemed to own beneficially and
indirectly 306 shares of Common Stock. Asset Corp. disclaims beneficial
ownership of the securities reported herein except to the extent of its
pecuniary interest therein.
02: Goldman Sachs and GS Group may be deemed to own beneficially and indirectly
1,875,000 shares of Series A-I Convertible Preferred Stock ("Series A-I Stock"),
250,000 shares of Series A-II Convertible Preferred Stock ("Series A-II Stock"),
187,500 shares of Series A-III Convertible Preferred Stock ("Series A-III
Stock") and 95,206 shares of Series A-IV Convertible Preferred Stock ("Series
A-IV") through the Limited Partnerships of which affiliates of Goldman Sachs and
GS Group are the general partner, managing general partner or managing partner.
Goldman Sachs is the investment manger of GSCP II, GSCP II Germany and GSCP II
Offshore. Goldman Sachs is an indirect wholly-owned subsidiary of GS Group.
Goldman Sachs and GS Group each disclaim beneficial ownership of the securities
reported herein as indirectly owned except to the extent of their pecuniary
interest therein.
GSCP II may be deemed to own beneficially and directly and its general partner,
GS Advisors, may be deemed to own beneficially and indirectly 1,176,429 shares
of Series A-I Stock, 156,856 shares of Series A-II Stock, 117,644 shares of
Series A-III Stock and 59,740 shares of A-IV Stock. GS Advisors disclaims
beneficial ownership of the securities reported herein except to the extent of
its pecuniary interest therein.
GSCP II Offshore may be deemed to own beneficially and directly and its general
partner, GS Advisors II, may be deemed to own beneficially and indirectly,
467,678 shares of Series A-I Stock, 62,358 shares of Series A-II Stock, 46,768
shares of Series A-III Stock and 23,751 shares of Series A-IV Stock. GS Advisors
II disclaims beneficial ownership of the securities reported herein except to
the extent of its pecuniary interest therein.
GSCP II Germany may be deemed to own beneficially and directly and its managing
partner, GS oHG, may be deemed to own beneficially and indirectly 43,393 shares
of Series A-I Stock, 5,786 shares of Series A-II Stock, 4,338 shares of Series
A-III Stock and 2,195 shares of Series A-IV Stock. GS oHG disclaims beneficial
ownership of the securities reported herein except to the extent of its
pecuniary interest therein.
Stone Street 1997 may be deemed to own beneficially and directly and its general
partner, Asset Corp., may be deemed to own beneficially and indirectly 126,216
shares of Series A-I Stock, 16,829 shares of Series A-II Stock, 12,621 shares of
Series A-III Stock and 6,410 shares of Series A-IV Stock. Asset Corp. disclaims
beneficial ownership of the securities reported herein except to the extent of
its pecuniary interest therein.
Bridge Street 1997 may be deemed to own beneficially and directly and its
managing general partner, Asset Corp., may be deemed to own beneficially and
indirectly 61,284 shares of Series A-I Stock, 8,171 shares of Series A-II Stock,
6,129 shares of Series A-III Stock and 3,110 shares of Series A-IV Stock. Asset
Corp. disclaims beneficial ownership of the securities reported herein except to
the extent of its pecuniary interest therein.
03: Upon the closing of the IPO, each share of Series A-I Stock, Series A-II
Stock, Series A-III Stock, and Series A-IV Stock (collectively, "Convertible
Stock"), will be automatically converted into an equal number of shares of
Common Stock. The Convertible Stock is convertible at the option of the holder
at any time after the date of issuance and prior to the closing of the IPO into
an equal number of shares of Common Stock.
04: By their terms, these warrants expire immediately before the closing of a
firmly underwritten public offering of Common Stock or other equity security of
the Company. However, such expiration has been waived pending expiration or
termination of any applicable waiting period under the Hart-Scott-Rodino
Antitrust Improvements Act of 1976, as amended, with respect to the purchase of
shares of Common Stock by GSCP II pursuant to the warrants.
05: Goldman Sachs and GS Group may be deemed to own beneficially and indirectly
warrants to purchase 5,883 shares of Common Stock through GSCP II. Goldman Sachs
and GS Group each disclaim beneficial ownership of the securities reported
herein as indirectly owned except to the extent of their pecuniary interest
therein.
GSCP II may be deemed to own beneficially and directly and its general partner,
GS Advisors, may be deemed to own beneficially and indirectly warrants to
purchase 5,883 shares of Common Stock. GS Advisors disclaims beneficial
ownership of the securities reported herein except to the extent of its
pecuniary interest therein.
***Signatures:
GOLDMAN, SACHS & CO.
By: s/ Roger S. Begelman
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Name: Roger S. Begelman
Title: Attorney-in-fact
THE GOLDMAN SACHS GROUP, INC.
By: s/ Roger S. Begelman
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Name: Roger S. Begelman
Title: Attorney-in-fact
GS ADVISORS, L.P.
By: s/ Roger S. Begelman
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Name: Roger S. Begelman
Title: Attorney-in-fact
GS ADVISORS II (CAYMAN), L.P.
By: s/ Roger S. Begelman
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Name: Roger S. Begelman
Title: Attorney-in-fact
GS CAPITAL PARTNERS II, L.P.
By: s/ Roger S. Begelman
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Name: Roger S. Begelman
Title: Attorney-in-fact
GS CAPITAL PARTNERS II OFFSHORE, L.P.
By: s/ Roger S. Begelman
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Name: Roger S. Begelman
Title: Attorney-in-fact
GS CAPITAL PARTNERS II (GERMANY) CIVIL LAW PARTNERSHIP
(with limitation of liability)
By: s/ Roger S. Begelman
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Name: Roger S. Begelman
Title: Attorney-in-fact
GOLDMAN, SACHS & CO. oHG
By: s/ Roger S. Begelman
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Name: Roger S. Begelman
Title: Attorney-in-fact
STONE STREET FUND 1997, L.P.
By: s/ Roger S. Begelman
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Name: Roger S. Begelman
Title: Attorney-in-fact
BRIDGE STREET FUND 1997, L.P.
By: s/ Roger S. Begelman
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Name: Roger S. Begelman
Title: Attorney-in-fact
STONE STREET ASSET CORP.
By: s/ Roger S. Begelman
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Name: Roger S. Begelman
Title: Attorney-in-fact
Date: August 12, 1999
*** 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 provided is insufficient, See Instruction 6 for procedure.
Alternatively, this form is permitted to be submitted to the
Commission in electronic format at the option of the reporting person
pursuant to Rule 101(b)(4) of Regulation S-T.
