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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13G
(Rule 13d-102)
Information to be included in Statements filed pursuant to Rules 13d-1(b)(c),
and (d) and Amendments thereto filed pursuant to Rule 13d-2(b)
EARTHWEB INC.
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(Name of Issuer)
Common Stock $.01 par value
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(Title of Class of Securities)
27032 C 10 8
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(CUSIP Number)
November 10, 1998
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(Date of Event which Requires Filing of this Statement)
Check the appropriate space to designate the rule pursuant to which this
Schedule is filed:
Rule 13d-1(b)
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Rule 13d-1(c)
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X Rule 13d-1(d)
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*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
disclosures provided in a prior cover page.
The information required on 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).
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SCHEDULE 13G
CUSIP No. 27032 C 10 8
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Warburg, Pincus Ventures, L.P. 13-3784037
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [x]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5 SOLE VOTING POWER
NUMBER OF
- 0 -
SHARES
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6 SHARED VOTING POWER
BENEFICIALLY 2,250,833
OWNED BY
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7 SOLE DISPOSITIVE POWER
EACH - 0 -
REPORTING
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8 SHARED DISPOSITIVE POWER
PERSON
2,250,833
WITH
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,250,833
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
28.5%
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12 TYPE OF REPORTING PERSON*
PN
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SCHEDULE 13G
CUSIP No. 27032 C 10 8
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
E.M. Warburg, Pincus & Co., LLC 13-3536050
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [x]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
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5 SOLE VOTING POWER
NUMBER OF - 0 -
SHARES
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6 SHARED VOTING POWER
BENEFICIALLY
2,250,833
OWNED BY
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7 SOLE DISPOSITIVE POWER
EACH
- 0 -
REPORTING
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
PERSON
2,250,833
WITH
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,250,833
- ------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
28.5%
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12 TYPE OF REPORTING PERSON*
OO
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SCHEDULE 13G
CUSIP No. 27032 C 10 8
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Warburg, Pincus & Co. 13-6358475
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [x]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
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5 SOLE VOTING POWER
NUMBER OF
- 0 -
SHARES
-----------------------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY
2,250,833
OWNED BY
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
EACH
- 0 -
REPORTING
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
PERSON
2,250,833
WITH
-----------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,250,833
- ------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
- ------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
28.5%
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12 TYPE OF REPORTING PERSON*
PN
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SCHEDULE 13G
ITEM 1.
(a) Name of Issuer:
EarthWeb Inc.
(b) Address of Issuer's Principal Executive Offices:
3 Park Avenue
New York, NY 10016
ITEM 2.
(a) Name of Person Filing:
Warburg, Pincus Ventures, L.P.
E.M. Warburg, Pincus & Co., LLC
Warburg, Pincus & Co.
All of the shares indicated are owned directly by Warburg,
Pincus Ventures, L.P. ("WPV"). Warburg, Pincus & Co. ("WP"), the sole
general partner of WPV, has a 15% interest in the profits of WPV, and
also owns approximately 1.2% of the limited partnership interests in
WPV. Lionel I. Pincus is the managing partner of WP and the managing
member of E.M. Warburg, Pincus & Co., LLC ("EMW LLC") and may be
deemed to control both WP and EMW LLC. The members of EMW LLC are
substantially the same as the partners of WP.
(b) Address of Principal Business Officer or, if none, Residence:
466 Lexington Avenue
New York, NY 10017
(c) Citizenship:
New York
(d) Title of Class of Securities:
Common Stock $.01 par value
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(e) CUSIP Number:
27032 C 10 8
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR 13D-2(B) OR
(C), CHECK WHETHER THE PERSON FILING IS:
Not applicable.
ITEM 4. OWNERSHIP.
(a) Amount Beneficially Owned:
2,250,833 shares of Common Stock
(b) Percent of Class: 28.5%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
(ii) Shared power to vote or to direct the vote
2,250,833 shares of Common Stock
(iii) Sole power to dispose or to direct the disposition of
(iv) Shared power to dispose or to direct the disposition of
2,250,833 shares of Common Stock
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.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Not applicable
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ITEM 9. NOTICE OF DISSOLUTION OF THE GROUP.
Not applicable.
ITEM 10. CERTIFICATION.
Not applicable.
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SIGNATURE
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.
Date: February 12, 1999
WARBURG, PINCUS VENTURES, L.P.
By: Warburg, Pincus & Co., General Partner
By: /s/ Stephen Distler
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Stephen Distler, Partner
E.M. WARBURG, PINCUS & CO., LLC
By: /s/ Stephen Distler
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Stephen Distler, Member
WARBURG, PINCUS & CO.
By: /s/ Stephen Distler
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Stephen Distler, Member
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Exhibit 1
JOINT FILING AGREEMENT
PURSUANT TO RULE 13d-I (f)(1)
The undersigned acknowledge and agree that the foregoing statement on
Schedule 13G is filed on behalf of each of the undersigned and that all
subsequent amendments to this statement on Schedule 13G shall be filed on behalf
of each of the undersigned without the necessity of filing additional joint
filing agreements. The undersigned acknowledge that each shall be responsible
for the timely filing of such amendments, and for the completeness and accuracy
of the information concerning it contained therein, but shall not be responsible
for the completeness and accuracy of the information concerning the others,
except to the extent it knows or has reason to believe that such information is
inaccurate. This Agreement may be executed in any number of counterparts taken
together shall constitute one and the same instrument.
Dated: February 12 , 1999
Warburg, Pincus Ventures, L.P.
By: Warburg, Pincus & Co., General Partner
By: /s/ Stephen Distler
-----------------------------------
Stephen Distler, Partner
Warburg, Pincus & Co.
By: /s/ Stephen Distler
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Stephen Distler, Partner
E.M. Warburg, Pincus & Co., LLC
By: /s/ Stephen Distler
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Stephen Distler, Member
