SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Under the Securities Exchange Act of 1934
SCHEDULE 13G
(Final Amendment)
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Childtime Learning Centers, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
168820108
(CUSIP Number)
January 31, 2000
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
Page 1 of 6 Pages
<PAGE>
SCHEDULE 13G
CUSIP No. 168820108 Page 2 of 6 Pages
- -------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Gilder Gagnon Howe & Co. LLC
13-3174112
- --------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3) SEC USE ONLY
- --------------------------------------------------------------------------------
4) CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- --------------------------------------------------------------------------------
NUMBER 5) SOLE VOTING POWER
OF 11,825
SHARES -----------------------------------------------
BENEFICIALLY 6) SHARED VOTING POWER
OWNED BY None
EACH -----------------------------------------------
REPORTING 7) SOLE DISPOSITIVE POWER
PERSON None
WITH -----------------------------------------------
8) SHARED DISPOSITIVE POWER
15,400
- --------------------------------------------------------------------------------
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
15,400
- --------------------------------------------------------------------------------
10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
- --------------------------------------------------------------------------------
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.3%
- --------------------------------------------------------------------------------
12) TYPE OF REPORTING PERSON
BD
- --------------------------------------------------------------------------------
2
<PAGE>
Schedule 13G
Item 1(a). Name of Issuer:
Childtime Learning Centers, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
38345 West Ten Mile Road, Suite 100
Farmington Hills, MI 48335
Item 2(a). Name of Person Filing:
Gilder Gagnon Howe & Co. LLC
Item 2(b). Address of Principal Business Office or, if None, Residence:
1775 Broadway, 26th Floor
New York, NY 10019
Item 2(c). Citizenship:
New York
Item 2(d). Title of Class of Securities:
Common Stock
Item 2(e). CUSIP Number:
168820108
Item 3. If this statement is filed pursuant toss.ss.240.13d-1(b), or
240.13d-2(b) or (c), check whether the person filing is a:
(a) [x] Broker or Dealer Registered Under Section 15 of the
Act (15 U.S.C. 78o)
(b) [ ] Bank as defined in section 3(a)(6) of the Act (15
U.S.C. 78c)
(c) [ ] Insurance Company as defined in section 3(a)(19) of
the Act (15 U.S.C. 78c)
(d) [ ] Investment Company registered under section 8 of the
Investment Company Act of 1940 (15 U.S.C. 80a-8)
(e) [ ] Investment Adviser in accordance with ss.
240.13d-1(b)(1)(ii)(E)
(f) [ ] Employee benefit plan or endowment fund in
accordance with ss. 240.13d-1(b)(1)(ii)(F)
(g) [ ] Parent Holding Company or control person in
accordance with ss.240.13d-1(b)(ii)(G)
3
<PAGE>
(h) [ ] Savings Association as defined in ss.3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813)
(i) [ ] Church plan that is excluded from the definition of
an investment company under ss.3(c)(15) of the
Investment Company Act of 1940 (15 U.S.C. 80a-3)
(j) [ ] Group, in accordance with ss.240.13d-1(b)(ii)(J)
Item 4. Ownership.
(a) Amount beneficially owned: 15,400
(b) Percent of class: 0.3%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
11,825
(ii) Shared power to vote or to direct the vote:
None
(iii) Sole power to dispose or to direct the
disposition of: None
(iv) Shared power to dispose or to direct the
disposition of: 15,400
The shares reported include 3,575 shares held in customer accounts over which
members and/or employees of the Reporting Person have discretionary authority to
dispose of or direct the disposition of the shares and 11,825 shares held in the
account of the profit-sharing plan of the Reporting Person (the "Profit Sharing
Plan").
Item 5. Ownership of Five Percent or Less of a Class.
This statement is being filed to report the fact that as of the date hereof the
Reporting Person has ceased to
be the beneficial owner of more than five percent of the class of securities.
Item 6. Ownership of More than Five Percent on Behalf of Another
Person.
None
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent Holding
Company.
Not applicable
7
<PAGE>
Item 8. Identification and Classification of Members of the Group.
Not applicable
Item 9. Notice of Dissolution of Group.
Not applicable
Item 10. Certification.
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired in the ordinary
course of business and were not acquired for the purpose of and do not have the
effect of changing or influencing the control of the issuer of such securities
and were not acquired in connection with or as a participant in any transaction
having such purposes or effect.
5
<PAGE>
SIGNATURE
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.
February 10, 2000
-------------------
Date
/s/ Walter Weadock
-------------------
Signature
Walter Weadock, Member
----------------------
Name/Title
6
