SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
Digital Island, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK
- --------------------------------------------------------------------------------
(Title of Class of Securities)
25385N101
- --------------------------------------------------------------------------------
(CUSIP Number)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
* 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 1
<PAGE>
CUSIP 25385N101
1) Names of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Tudor Investment Corporation
------------------------------------------------------------------------
22-2514825
------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
-----------------------------------------------------------------
(b) X
-----------------------------------------------------------------
3) SEC Use Only
--------------------------------------------------------
4) Citizenship or Place of Organization Delaware
----------------------------------
(5) Sole Voting Power 0
Number of Shares ---------------------------------------
Beneficially (6) Shared Voting Power 2,295,724
Owned by Each -------------------------------------
Reporting Person (7) Sole Dispositive Power 0
With ----------------------------------
(8) Shared Dispositive Power 2,295,724
---------------------------------
9) Aggregate Amount Beneficially Owned by Each Reporting Person 2,295,724
----------
10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
---------------------------------------------------
11) Percent of Class Represented by Amount in Row 9 6.8%
---------------------
12) Type of Reporting Person (See Instructions) CO
-------------------------
Page 2
<PAGE>
CUSIP 25385N101
1) Names of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Paul Tudor Jones, II
------------------------------------------------------------------------
------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
-----------------------------------------------------------------
(b) X
-----------------------------------------------------------------
3) SEC Use Only
--------------------------------------------------------
4) Citizenship or Place of Organization USA
----------------------------------
(5) Sole Voting Power 0
Number of Shares ---------------------------------------
Beneficially (6) Shared Voting Power 2,316,724
Owned by Each -------------------------------------
Reporting Person (7) Sole Dispositive Power 0
With ----------------------------------
(8) Shared Dispositive Power 2,316,724
---------------------------------
9) Aggregate Amount Beneficially Owned by Each Reporting Person 2,316,724
----------
10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
---------------------------------------------------
11) Percent of Class Represented by Amount in Row 9 6.8%
---------------------
12) Type of Reporting Person (See Instructions) IN
-------------------------
Page 3
<PAGE>
CUSIP 25385N101
1) Names of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Tudor Private Equity Fund L.P.
------------------------------------------------------------------------
06-1502169
------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
-----------------------------------------------------------------
(b) X
-----------------------------------------------------------------
3) SEC Use Only
--------------------------------------------------------
4) Citizenship or Place of Organization Delaware
----------------------------------
(5) Sole Voting Power 0
Number of Shares ---------------------------------------
Beneficially (6) Shared Voting Power 1,671,716
Owned by Each -------------------------------------
Reporting Person (7) Sole Dispositive Power 0
With ----------------------------------
(8) Shared Dispositive Power 1,671,716
---------------------------------
9) Aggregate Amount Beneficially Owned by Each Reporting Person 1,671,716
----------
10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
---------------------------------------------------
11) Percent of Class Represented by Amount in Row 9 4.9%
---------------------
12) Type of Reporting Person (See Instructions) PN
-------------------------
Page 4
<PAGE>
CUSIP 25385N101
1) Names of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Tudor BVI Futures, Ltd.
------------------------------------------------------------------------
------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
-----------------------------------------------------------------
(b) X
-----------------------------------------------------------------
3) SEC Use Only
--------------------------------------------------------
4) Citizenship or Place of Organization British Virgin Islands
----------------------------------
(5) Sole Voting Power 0
Number of Shares ---------------------------------------
Beneficially (6) Shared Voting Power 91,800
Owned by Each -------------------------------------
Reporting Person (7) Sole Dispositive Power 0
With ----------------------------------
(8) Shared Dispositive Power 91,800
---------------------------------
9) Aggregate Amount Beneficially Owned by Each Reporting Person 91,800
----------
10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
---------------------------------------------------
11) Percent of Class Represented by Amount in Row 9 0.3%
---------------------
12) Type of Reporting Person (See Instructions) CO
-------------------------
Page 5
<PAGE>
CUSIP 25385N101
1) Names of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Tudor Proprietary Trading, L.L.C.
------------------------------------------------------------------------
13-3720063
------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
-----------------------------------------------------------------
(b) X
-----------------------------------------------------------------
3) SEC Use Only
--------------------------------------------------------
4) Citizenship or Place of Organization Delaware
----------------------------------
(5) Sole Voting Power 0
Number of Shares ---------------------------------------
Beneficially (6) Shared Voting Power 21,000
Owned by Each -------------------------------------
Reporting Person (7) Sole Dispositive Power 0
With ----------------------------------
(8) Shared Dispositive Power 21,000
---------------------------------
9) Aggregate Amount Beneficially Owned by Each Reporting Person 21,000
----------
10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
---------------------------------------------------
11) Percent of Class Represented by Amount in Row 9 0.1%
---------------------
12) Type of Reporting Person (See Instructions) OO
-------------------------
Page 6
<PAGE>
CUSIP 25385N101
1) Names of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
The Upper Mill Capital Appreciation Fund Ltd.
------------------------------------------------------------------------
------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
-----------------------------------------------------------------
(b) X
-----------------------------------------------------------------
3) SEC Use Only
--------------------------------------------------------
4) Citizenship or Place of Organization Cayman Islands
----------------------------------
(5) Sole Voting Power 0
Number of Shares ---------------------------------------
Beneficially (6) Shared Voting Power 20,000
Owned by Each -------------------------------------
Reporting Person (7) Sole Dispositive Power 0
With ----------------------------------
(8) Shared Dispositive Power 20,000
---------------------------------
9) Aggregate Amount Beneficially Owned by Each Reporting Person 20,000
----------
10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
---------------------------------------------------
11) Percent of Class Represented by Amount in Row 9 0.1%
---------------------
12) Type of Reporting Person (See Instructions) CO
-------------------------
Page 7
<PAGE>
CUSIP 25385N101
1) Names of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Tudor Global Trading LLC
------------------------------------------------------------------------
13-3862744
------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
-----------------------------------------------------------------
(b) X
-----------------------------------------------------------------
3) SEC Use Only
--------------------------------------------------------
4) Citizenship or Place of Organization Delaware
----------------------------------
(5) Sole Voting Power 0
Number of Shares ---------------------------------------
Beneficially (6) Shared Voting Power 1,671,716
Owned by Each -------------------------------------
Reporting Person (7) Sole Dispositive Power 0
With ----------------------------------
(8) Shared Dispositive Power 1,671,716
---------------------------------
9) Aggregate Amount Beneficially Owned by Each Reporting Person 1,671,716
----------
10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
---------------------------------------------------
11) Percent of Class Represented by Amount in Row 9 4.9%
---------------------
12) Type of Reporting Person (See Instructions) OO
-------------------------
Page 8
<PAGE>
CUSIP 25385N101
1) Names of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
The Raptor Global Fund L.P.
------------------------------------------------------------------------
13-3735415
------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
-----------------------------------------------------------------
(b) X
-----------------------------------------------------------------
3) SEC Use Only
--------------------------------------------------------
4) Citizenship or Place of Organization Delaware
----------------------------------
(5) Sole Voting Power 0
Number of Shares ---------------------------------------
Beneficially (6) Shared Voting Power 120,606
Owned by Each -------------------------------------
Reporting Person (7) Sole Dispositive Power 0
With ----------------------------------
(8) Shared Dispositive Power 120,606
---------------------------------
9) Aggregate Amount Beneficially Owned by Each Reporting Person 120,606
----------
10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
---------------------------------------------------
11) Percent of Class Represented by Amount in Row 9 0.4%
---------------------
12) Type of Reporting Person (See Instructions) PN
-------------------------
Page 9
<PAGE>
CUSIP 25385N101
1) Names of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
The Raptor Global Fund Ltd.
------------------------------------------------------------------------
------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
-----------------------------------------------------------------
(b) X
-----------------------------------------------------------------
3) SEC Use Only
--------------------------------------------------------
4) Citizenship or Place of Organization Cayman Islands
----------------------------------
(5) Sole Voting Power 0
Number of Shares ---------------------------------------
Beneficially (6) Shared Voting Power 391,602
Owned by Each -------------------------------------
Reporting Person (7) Sole Dispositive Power 0
With ----------------------------------
(8) Shared Dispositive Power 391,602
---------------------------------
9) Aggregate Amount Beneficially Owned by Each Reporting Person 391,602
----------
10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
---------------------------------------------------
11) Percent of Class Represented by Amount in Row 9 1.2%
---------------------
12) Type of Reporting Person (See Instructions) CO
-------------------------
Page 10
<PAGE>
Item 1(a). Name of Issuer:
Digital Island, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
1132 Bishop Street
Suite 1001
Honolulu, HI 96813
Item 2(a). Name of Person Filing:
Tudor Investment Corporation ("TIC")
Paul Tudor Jones, II
Tudor Private Equity Fund L.P. ("TPEF")
Tudor Global Trading LLC ("TGT")
The Raptor Global Fund L.P. ("Raptor L.P.")
The Raptor Global Fund Ltd. ("Raptor Ltd.")
Tudor BVI Futures, Ltd. ("Tudor BVI")
Tudor Proprietary Trading, L.L.C. ("TPT")
The Upper Mill Capital Appreciation Fund Ltd. ("Upper Mill")
Item 2(b). Address of Principal Business Office or, if none, Residence:
The principal business office of each of TIC, TPT, TPEF, TGT and
Raptor L.P. are:
600 Steamboat Road
Greenwich, CT 06830
The principal business office of Mr. Jones is:
c/o Tudor Investment Corporation
600 Steamboat Road
Greenwich, CT 06830
The principal business office of each of Tudor BVI, Raptor Ltd.
and Upper Mill are:
c/o CITCO
Kaya Flamboyan 9
Curacao, Netherland Antilles
Item 2(c). Citizenship:
TIC is a Delaware corporation
TPEF is a Delaware partnership
Mr. Jones is a citizen of the United States
Raptor L.P. is a Delaware limited partnership
Tudor BVI is a company organized under the laws of the British
Virgin Islands
TPT and TGT are Delaware limited liability companies
Raptor Ltd. and Upper Mill are companies organized under the laws
of the Cayman Islands
Item 2(d). Title of Class of Securities:
Common Stock
Page 11
<PAGE>
Item 2(e). CUSIP Number:
25385N101
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b), check whether the person filing is a:
(a) [ ] Broker or Dealer registered under section 15 of the Act
(b) [ ] Bank as defined in section 3(a)(6) of the Act
(c) [ ] Insurance Company as defined in section 3(a)(19) of the
Act
(d) [ ] Investment Company registered under section 8 of the
Investment Company Act
(e) [ ] Investment Adviser registered under section 203 of the
Investment Advisers Act of 1940
(f) [ ] Employment Benefit Plan, Pension Fund which is subject
to the provisions of the Employee Retirement Income
Security Act of 1974 or Endowment Fund; see section
240.13d-1(b)(1)(ii)(F)
(g) [ ] Parent Holding Company, in accordance with section
240.13d-1(b)(1)(ii)(G) (Note: See Item 7)
(h) [ ] Group, in accordance with section 240.13d-1(b)(1)(ii)(H)
Item 4. Ownership (As of July 6, 1999).
(a) Amount Beneficially Owned: See Item 9 of cover pages
(b) Percent of Class: See Item 11 of cover pages
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
See Item 5 of cover pages
-------------------------------------------------------
(ii) shared power to vote or to direct the vote
See Item 6 of cover pages
-------------------------------------------------------
(iii) sole power to dispose or to direct the disposition of
See Item 7 of cover pages
-------------------------------------------------------
(iv) shared power to dispose or to direct the disposition of
See Item 8 of cover pages
-------------------------------------------------------
Because TIC is the sole general partner of Raptor L.P. and
provides investment advisory services to Raptor Ltd., Raptor
L.P., Tudor BVI, Upper Mill and TPEF, TIC may be deemed to
beneficially own the shares of Common Stock owned by each of such
Reporting Persons. TIC expressly disclaims such beneficial
ownership. Because TGT is the sole general partner of TPEF, TGT
may be deemed to beneficially own the shares of Common Stock
owned by such Reporting Person. TGT expressly disclaims such
beneficial ownership. In addition, because Mr. Jones is the
controlling shareholder of TIC and the indirect controlling
equity holder of TPT and TGT, Mr. Jones may be deemed to
beneficially own the shares of Common Stock deemed beneficially
owned by TIC, TPT and TGT. Mr. Jones expressly disclaims such
beneficial ownership.
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Not applicable
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding
Company.
Not applicable
Page 12
<PAGE>
Item 8. Identification and Classification of Members of the Group.
See cover pages
Item 9. Notice of Dissolution of Group.
Not applicable
Page 13
<PAGE>
Item 10. Certification.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
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.
Dated: July 7, 1999
TUDOR INVESTMENT CORPORATION
By: /s/ Andrew S. Paul
----------------------------------------
Andrew S. Paul
Managing Director and General Counsel
/s/ Paul Tudor Jones, II
----------------------------------------
Paul Tudor Jones, II
TUDOR BVI FUTURES, LTD.
By: Tudor Investment Corporation,
Trading Advisor
By: /s/ Andrew S. Paul
----------------------------------------
Andrew S. Paul
Managing Director and General
Counsel
TUDOR PRIVATE EQUITY FUND L.P.
By: Tudor Global Trading LLC,
General Partner
By: /s/ Andrew S. Paul
----------------------------------------
Andrew S. Paul
Managing Director and General
Counsel
TUDOR PROPRIETARY TRADING, L.L.C.
By: /s/ Andrew S. Paul
----------------------------------------
Andrew S. Paul
Managing Director and General Counsel
Page 14
<PAGE>
TUDOR GLOBAL TRADING LLC
By: /s/ Andrew S. Paul
----------------------------------------
Andrew S. Paul
Managing Director and General Counsel
THE RAPTOR GLOBAL FUND L.P.
By: Tudor Investment Corporation,
General Partner
By: /s/ Andrew S. Paul
----------------------------------------
Andrew S. Paul
Managing Director and General
Counsel
THE RAPTOR GLOBAL FUND LTD.
By: Tudor Investment Corporation,
Investment Advisor
By: /s/ Andrew S. Paul
----------------------------------------
Andrew S. Paul
Managing Director and General
Counsel
THE UPPER MILL CAPITAL APPRECIATION FUND LTD.
By: Tudor Investment Corporation,
Sub-Investment Manager
By: /s/ Andrew S. Paul
----------------------------------------
Andrew S. Paul
Managing Director and General
Counsel
Page 15
