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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
-----------------------
Amendment No. 1
to
SCHEDULE 13D
Under the Securities Exchange Act of 1934
KEY3MEDIA GROUP, INC.
(Name of Issuer)
Common Shares
Par Value $0.01 per share
(Title of Class of Securities)
-----------------------
49326R
-------
(CUSIP Number)
Morgan Stanley Dean Witter & Co.
PG Investors III, Inc.
Princes Gate Investors III, L.P.
(Name of Persons Filing Statement)
Pietro Cinquegrana
Morgan Stanley Dean Witter & Co.
1585 Broadway, 36th Floor
New York, New York 10036
Tel. No. 212-761-4000
with a copy to:
Tiziana M. Tabucchi
Davis Polk & Wardwell
450 Lexington Avenue
New York, New York 10017
Tel. No.: 212-450-4967
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
August 18, 2000
(Date of Event which Requires Filing of this 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 statement because of Rule 13d-1(b)(3) or (4), check the following: [ ]
Page 1 of 10
<PAGE>
SCHEDULE 13D
CUSIP No. 49326R Page 2 of 10 Pages
-------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Morgan Stanley Dean Witter & Co.
363145972
-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
-------------------------------------------------------------------------------
3 SEC USE ONLY
-------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not applicable
-------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
-------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DE
-------------------------------------------------------------------------------
7 SOLE VOTING POWER
-0-
--------------------------------------
8 SHARED VOTING POWER
NUMBER OF SHARES 6,800,000
BENEFICIALLY OWNED BY --------------------------------------
EACH REPORTING PERSON 9 SOLE DISPOSITIVE POWER
WITH
-0-
--------------------------------------
10 SHARED DISPOSITIVE POWER
6,800,000
-------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,800,000 - See Item 5
-------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [ ]
CERTAIN SHARES*
-------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.47% - See Item 5
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14 TYPE OF REPORTING PERSON*
CO, IA
-------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 10
<PAGE>
SCHEDULE 13D
CUSIP No. 49326R Page 3 of 10 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Princes Gate Investors III, L.P.
-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
-------------------------------------------------------------------------------
3 SEC USE ONLY
-------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
-------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
-------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DE
-------------------------------------------------------------------------------
7 SOLE VOTING POWER
5,198,037
--------------------------------------
8 SHARED VOTING POWER
NUMBER OF SHARES -0-
BENEFICIALLY OWNED BY --------------------------------------
EACH REPORTING PERSON 9 SOLE DISPOSITIVE POWER
WITH
5,198,037
--------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
-------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,198,037 - See Item 5
-------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [ ]
CERTAIN SHARES*
-------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.24% - See Item 5
-------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN, IA
-------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 10
<PAGE>
SCHEDULE 13D
CUSIP No. 49326R Page 4 of 10 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
PG Investors III, Inc.
-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
-------------------------------------------------------------------------------
3 SEC USE ONLY
-------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
-------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
-------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DE
-------------------------------------------------------------------------------
7 SOLE VOTING POWER
1,601,963
--------------------------------------
8 SHARED VOTING POWER
NUMBER OF SHARES 5,198,037
BENEFICIALLY OWNED BY --------------------------------------
EACH REPORTING PERSON 9 SOLE DISPOSITIVE POWER
WITH
1,601,963
--------------------------------------
10 SHARED DISPOSITIVE POWER
5,198,037
-------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,800,000 - See Item 5
-------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [ ]
CERTAIN SHARES*
-------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.47% - See Item 5
-------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO, IA
-------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 10
<PAGE>
(1) Morgan Stanley Dean Witter & Co. ("Morgan Stanley Dean Witter"), (2)
PG Investors III, Inc. ("PGI"), and (3) Princes Gate Investors III, L.P.
("Princes Gate") (collectively, the "Reporting Persons") hereby amend and
supplement their Report on Schedule 13D, originally filed on August 28, 2000
(the "Schedule 13D") with respect to the purchase of common shares, $0.01 par
value (the "Shares") of Key3Media Group, Inc., a Delaware corporation
("Key3Media").
Unless otherwise indicated, capitalized terms used but not defined herein
shall have the meaning assigned to such term in the Schedule 13D.
Item 1. Security and Issuer.
The response set forth in Item 1 of the Schedule 13D is hereby amended and
supplemented by (i) replacing the second sentence of the first paragraph of
Item 1 with the following sentence:
On August 18, 2000, Key3Media issued to several purchasers warrants (the
"Warrants") to purchase 6.8 million shares of voting Common Stock at $6.00 per
share subject to customary antidilution rights.
and (ii) replacing the second to last sentence of the first paragraph of
Item 1 with the following sentence:
If the Debentures are not redeemed within 22 months after they are issued,
the number of shares that must be issued upon exercise of the Warrants will
increase by 1.5 million on the second and third anniversaries of the issuance
of the Debentures and by 1.75 million on the fourth and fifth anniversaries.
Item 5. Interest in Securities of the Issuer.
The response set forth in Item 5 of the Schedule 13D is hereby amended and
supplemented by replacing clauses (a) and (b) of Item 5 with the following
clauses (a) and (b):
(a) At the close of business on August 18, 2000, and subject to the terms
of the Warrants, Morgan Stanley Dean Witter may acquire upon exercise and, for
purposes of Rule 13d-3 promulgated under the Securities Exchange Act of 1934,
as amended (the "Exchange Act"), beneficially owns, 6.8 million shares of
Common Stock, representing approximately 9.47% of the outstanding shares of
Common Stock.
PGI may acquire upon exercise and, for purposes of Rule 13d-3
promulgated under the Exchange Act, beneficially owns, 5,198,037 shares of
Common Stock, representing approximately 7.24% of the outstanding shares of
Common Stock.
Princes Gate may acquire upon exercise and, for purposes of Rule 13d-3
promulgated under the Exchange Act, beneficially owns, 6.8 million shares of
Common Stock, representing approximately 9.47% of the outstanding shares of
Common Stock.
Except as set forth in this Item 5(a), neither the Reporting Persons,
nor any other person controlling the Reporting Persons beneficially owns any
shares of Common Stock.
(b) Morgan Stanley Dean Witter does not have sole power to vote or dispose
of any shares of Common Stock. Morgan Stanley Dean Witter has shared power to
vote and to dispose of 6.8 million shares of Common Stock obtainable upon
exercise of the Warrants as a result of its ownership of PGI.
PGI has sole power to vote and dispose of 1,601,963 shares of Common
Stock held on behalf of the Investors and shared voting and dispositive power
with respect to 5,198,037 shares of Common Stock obtainable upon exercise of
the Warrants held by Princes Gate.
Princes Gate, acting through its general partner PGI, has sole power
to vote and to dispose of 6.8 million shares of Common Stock obtainable upon
exercise of the Warrants.
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer.
The response set forth in Item 6 of the Schedule 13D is hereby amended and
supplemented by (i) replacing the forth sentence of the paragraph titled
"Exercise of Warrants" with the following sentence:
Page 5 of 10
<PAGE>
If the Debentures are not redeemed within 22 months after they are issued,
the number of shares that must be issued upon exercise of the Warrants will
increase by 1.5 million on the second and third anniversaries of the issuance
of the Debentures and by 1.75 million on the fourth and fifth anniversaries.
and (ii) replacing the second sentence of the sixth paragraph of the
section titled "Registration Rights" with the following sentence:
The person currently serving as such director is Mr. Gian Andrea Botta,
who is a Managing Director of Morgan Stanley Dean Witter and Head of the
Private Investment Department, as well as President of PGI.
Schedule A
Schedule A of the Schedule 13D is hereby amended and supplemented by
replacing the Directors and Executive Officers of PG Investors III, Inc.
information supplied with the information on the following page:
Page 6 of 10
<PAGE>
SCHEDULE A
Directors and Executive Officers
of
PG Investors III, Inc.
The name, business address, title, present principal occupation or employment
of each of the directors and executive officers of PG Investors III, Inc.
("PGI") are set forth below. PGI is the general partner of Princes Gate
Investors III, L.P. ("Princes Gate"). Princes Gate has no officers and
directors separate from the officers and directors of PGI, its general partner.
If no business address is given the director's or officer's business address is
that of Morgan Stanley Dean Witter & Co. at 1585 Broadway, New York, NY 10036.
Unless otherwise indicated, each occupation set forth opposite an individual's
name refers to PGI. Unless otherwise indicated below, all of the persons listed
below are citizens of the United States of America.
Present Principal Occupation Including
Name and Business Address Name and Address1 of Employer
------------------------- --------------------------------------
Directors
Tarek F. Abdel-Meguid................... Director
Joseph G. Fogg, III..................... Director
Stephen R. Munger....................... Director
Gian Andrea Botta*...................... Director
Present Principal Occupation Including
Name and Business Address Name and Address2 of Employer
------------------------- --------------------------------------
Executive Officers
Gian Andrea Botta*...................... President
Debra M. Aaron.......................... Vice President
Pietro Cinquegrana*..................... Vice President
Thomas A. Clayton .................. Vice President
Gavin L. MacDonald...................... Vice President
Louis A. Palladino, Jr. ................ Vice President
James T. Keane.......................... Vice President
Bruce R. Sandberg....................... Vice President
James M. Wilmott........................ Vice President
Javed Ahmed............................. Vice President
Martin M. Cohen......................... Vice President and Secretary
Alexander C. Frank...................... Treasurer
Eileen S. Wallace....................... Assistant Treasurer
Charlene R. Herzer...................... Assistant Secretary
Susan M. Krause......................... Assistant Secretary
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1. Same address as director's or officer's business address except where
indicated.
2. Same address as director's or officer's business address except where
indicated.
*Citizen of Italy.
Page 7 of 10
<PAGE>
SIGNATURES
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Date: September 7, 2000
MORGAN STANLEY DEAN WITTER & CO.
By: /s/ Pietro Cinquegrana
------------------------------------
Name: Pietro Cinquegrana
Title: Authorized Signatory
Page 8 of 10
<PAGE>
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Date: September 7, 2000
PG INVESTORS III, INC.
By: /s/ Pietro Cinquegrana
------------------------------------
Name: Pietro Cinquegrana
Title: Vice President
Page 9 of 10
<PAGE>
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Date: September 7, 2000
PRINCES GATE INVESTORS III, L.P.
By PG INVESTORS III, INC., as General
Partner
By: /s/ Pietro Cinquegrana
------------------------------------
Name: Pietro Cinquegrana
Title: Vice President
Page 10 of 10
