UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 4 OMB APPROVAL
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OMB Number: 3235-0287
Expires: September 30, 1998
Estimated average burden
hours per response.......0.5
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STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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
[X] Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person*
Morgan Stanley Venture Capital III, Inc.(1)
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(Last) (First) (Middle)
1221 Avenue of the Americas
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(Street)
New York NY 10020
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Websense, Inc. (WBSN)
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year
12/2000
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5. If Amendment Date of Original (Month/Year)
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6. 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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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 Acquired, Disposed of |
or Beneficially Owned |
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<S> <C> <C> <C> <C> <C> <C>
| | | | |6. | |
| | | 4. |5. | Owner- | |
| | | Securities Acquired (A) or | Amount of | ship | |
| | 3. | Disposed of (D) | Securities | Form: |7. |
|2. | Transaction| (Instr. 3, 4 and 5) | Beneficially | Direct | Nature of |
|Transaction | Code | -------------------------------| Owned at End | (D) or | Indirect |
1. |Date | (Instr. 8) | | (A) | | of Month | Indirect | Beneficial|
Title of Security |(Month/Day/ | -----------| Amount | or | Price | (Instr. 3 | (I) | Ownership |
(Instr. 3) |Year) | Code | V | | (D) | | and 4) | (Instr.4)| (Instr. 4)|
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Common Stock | 12/7/00 | J(2) | | 1,000,000 | D | 0 | 1,753,088 | I(4) |through |
| | | | | | | | |participa- |
| | | | | | | | |tion |
| | | | | | | | | |
| | | | | | | | | |
Common Stock | 12/7/00 | J(3) | | 56,990 | A | 0 | 1,753,088 | I(4) |through |
| | | | | | | | |participa- |
| | | | | | | | |tion |
| | | | | | | | | |
Common Stock | 12/12/00 | S | | 56,990 | D | $12.38 | 1,753,088 | I(4) |through |
| | | | | | | | |participa- |
| | | | | | | | |tion |
| | | | | | | | | |
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</TABLE>
<PAGE>
FORM 4 (continued)
<TABLE>
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Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned |
(e.g., puts, calls, warrants, options, convertible securities) |
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
| | | | | | | |9. |10. | |
| | | | | | | |Number |Owner- | |
| | | | | | | |of |ship | |
|2. | | | | | | |Deriv- |Form of | |
|Conver- | | | 5. | |7. | |ative |Deriv- |11. |
|sion | | | Number of | |Title and Amount | |Secur- |ative |Nature|
|or | | | Derivative |6. |of Underlying |8. |ities |Secur- |of |
|Exer- | |4. | Securities |Date |Securities |Price |Bene- |ity: |In- |
|cise |3. |Trans-| Acquired (A) |Exercisable and |(Instr. 3 and 4) |of |ficially |Direct |direct|
|Price |Trans- |action| or Disposed |Expiration Date |-----------------------|Deriv- |Owned |(D) or |Bene- |
1. |of |action |Code | of (D) |(Month/Day/Year) | |Amount |ative |at End |In- |ficial|
Title of |Deriv- |Date |(Instr| (Instr. 3, |-----------------| |or |Secur- |of |direct |Owner-|
Derivative |ative |(Month/ |8) | 4 and 5) |Date |Expira- | |Number |ity |Month |(I) |ship |
Security |Secur- |Day/ |------| ------------ |Exer- |tion | |of |(Instr. |(Instr. |(Instr. |(Instr|
(Instr. 3) |ity |Year) |Code|V| (A) | (D) |cisable |Date |Title |Shares |5) |4) |4) |4) |
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Explanation of Responses:
(1) Please see attached Joint Filer Information.
(2) Morgan Stanley Venture Partners III, L.P., Morgan Stanley Venture Investors
III, L.P. and The Morgan Stanley Venture Partners Entrepreneur Fund, L.P.
(collectively, the "Funds"), of which Morgan Stanley Venture Capital III, Inc.
(MSVC III, Inc.) is an institutional managing member, made an in-kind
distribution of 1,000,000 shares of Common Stock shares (the "Distribution").
The reported securities were distributed to the partners of the Funds in
proportion to their partnership interests in the Funds.
(3) MSVC III, Inc. received 56,990 shares of Common Stock in the Distribution.
(4) MSVC III, Inc., disclaims beneficial ownership of the securities except to
the extent of its pecuniary interests as the institutional managing member of
Morgan Stanley Venture Partners III, L.L.C., the General Partner of the Funds.
/s/ Peter Vogelsang
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**Signature of Reporting Person
By: Peter Vogelsang
authorized signatory for Morgan Stanley
Dean Witter & Co.
/s/ Debra Abramovitz 12/22/00
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**Signature of Reporting Person
**Intentional misstatements or omissions of facts constitute By: Debra Abramovitz, Vice President
Federal Criminal Violations. See 18 U.S.C. 1001 and 15 and Treasurer of Morgan Stanley Venture
U.S.C. 78ff(a). Capital III, Inc., institutional managing
member of the Funds
Note: File three copies of this Form, one of which must be
manually signed. If space provided is insufficient, see
Instruction 6 for procedure.
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
SEC 1474 (7-96)
</TABLE>
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JOINT FILER INFORMATION
Each of the following joint filers has designated Morgan Stanley Venture
Capital III, Inc. ("MSVC III, Inc.") as the "Designated Filer" for purposes of
the attached Form 4:
(1) Morgan Stanley Dean Witter & Co. ("MSDW")
1585 Broadway
New York, New York 10036
(2) Morgan Stanley Venture Partners III, L.L.C. ("MSVP III, L.L.C.")
1221 Avenue of the Americas
New York, New York 10020
(3) Morgan Stanley Venture Partners III, L.P. ("MSVP III, L.P.")
1221 Avenue of the Americas
New York, New York 10020
(4) The Morgan Stanley Venture Partners Entrepreneur Fund, L.P.
("Entrepreneur Fund")
1221 Avenue of the Americas
New York, New York 10020
(5) Morgan Stanley Venture Investors III, L.P. ("MSVI")
1221 Avenue of the Americas
New York, New York 10020
Issuer & Ticker Symbol: Websense, Inc. (WBSN)
Dates of Events Requiring Statement: 12/7/00 and 12/12/00
Signature: /s/ Peter Vogelsang
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By: Peter Vogelsang, as authorized signatory for MSDW.
Signature: /s/ Debra Abramovitz
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By: Debra Abramovitz, as Vice President and Treasurer
of MSVC III, Inc., institutional managing member
of MSVP III, L.L.C., the General Partner of MSVP III,
L.P., the Entrepreneur Fund, and MSVI.
