SCHEDULE 13G
(RULE 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2.
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Under the Securities Exchange Act of 1934
(AMENDMENT NO. 3)*
NaviSite, Inc.
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(Name of Issuer)
COMMON STOCK, $0.01 PAR VALUE
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(Title of Class of Securities)
63935M 10 9
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(CUSIP Number)
December 31, 2002
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[x] 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).
CUSIP No. 63935M 10 9 13G Page 2 of 6 pages
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1. NAMES OF REPORTING PERSONS/I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
(ENTITIES ONLY)
CMGI, Inc.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(See Instructions) (b) [ ]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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SOLE VOTING POWER
5
NUMBER OF 213,437 shares**
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
0 shares
OWNED BY
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EACH SOLE DISPOSITIVE POWER
7
REPORTING 213,437 shares
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
0 shares
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
213,437 shares
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
(See Instructions)
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.8%
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12. TYPE OF REPORTING PERSON (See Instructions)
CO
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** All share numbers set forth herein have been adjusted to reflect the 1-for-15
reverse stock split effected on or about January 7, 2003 by NaviSite.
CUSIP No. 63935M 10 9 SCHEDULE 13G Page 3 of 6 pages
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ITEM 1(a). NAME OF ISSUER:
NAVISITE, INC.
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
400 Minuteman Park, Andover, MA 01810
ITEM 2(a). NAME OF PERSON FILING:
CMGI, Inc.
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE, OR, IF NONE, RESIDENCE:
100 Brickstone Square, Andover, MA 01810
ITEM 2(c). CITIZENSHIP:
Delaware
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock, $0.01 par value
ITEM 2(e). CUSIP NUMBER:
63935M 10 9
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), or
13d-2(b) or (c), CHECK WHETHER THE PERSON FILING IS A:
(a) [ ] Broker or dealer registered under Section 15 of the
Exchange Act.
(b) [ ] Bank as defined in Section 3(a)(6) of the Exchange
Act.
(c) [ ] Insurance Company as defined in Section 3(a)(19) of
the Exchange Act.
(d) [ ] Investment company registered under Section 8 of the
Investment Company Act.
(e) [ ] An investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E).
(f) [ ] An employee benefit plan or endowment fund in
accordance with Rule 13d-1(b)(1)(ii)(F).
(g) [ ] A parent holding company or control person in
accordance with Rule 13d-1(b)(1)(ii)(G).
(h) [ ] A savings association as defined in Section 3(b) of
the Federal Deposit Insurance Act.
(i) [ ] A church plan that is excluded from the definition
of an investment company under Section 3(c)(14) of
the Investment Company Act.
(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
CUSIP No. 63935M 10 9 SCHEDULE 13G Page 4 of 6 pages
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ITEM 4. OWNERSHIP.
Provide the following information regarding the aggregate
number and percentage of the class of securities of the
issuer identified in Item 1.
(a) Amount beneficially owned: 213,437 shares
On September 11, 2002, CMGI, Inc. ("CMGI"), sold all of its
equity and debt ownership interests in NaviSite, Inc.
("NaviSite") to ClearBlue Technologies, Inc. ("ClearBlue").
Under the terms of the Note and Stock Purchase Agreement,
dated as of September 11, 2002, by and between CMGI and
ClearBlue, CMGI sold to ClearBlue (i) approximately 4.73
million shares of common stock of NaviSite held by CMGI, (ii)
warrants to purchase approximately 333,333 shares of common
stock of NaviSite, and (iii) the 12% Convertible Note issued
to the Seller by the Company, representing $10.0 million
aggregate principal amount plus all accrued interest thereon.
In consideration thereof, CMGI received, among other things,
131,579 shares of common stock of ClearBlue.
On December 13, 2002, in connection with a debt restructuring
transaction between NaviSite and ClearBlue, ClearBlue
distributed 213,437 shares of NaviSite to CMGI in its
capacity as a stockholder of ClearBlue.
(b) Percent of Class: 1.8%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
213,437 shares
(ii) Shared power to vote or to direct the vote:
0 shares
(iii) Sole power to dispose or direct the disposition
of:
213,437 shares
(iv) Shared power to dispose or direct the
disposition of:
0 shares
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
If 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, check the following: [x]
CUSIP No. 63935M 10 9 SCHEDULE 13G Page 5 of 6 pages
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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 OR CONTROL PERSON.
Not applicable
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Not applicable
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable
ITEM 10. CERTIFICATIONS.
Not applicable
CUSIP No. 63935M 10 9 SCHEDULE 13G Page 6 of 6 pages
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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.
Dated: February 14, 2003 CMGI, INC.
/s/ Thomas Oberdorf
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By: Thomas Oberdorf
Title: Chief Financial Officer
and Treasurer