SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED
IN STATEMENTS FILED
PURSUANT TO RULE 13d-1(a)
AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(a)
(Amendment No. 1)
NaviSite, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
63935M109
(CUSIP Number)
Greg Underwood
ClearBlue Technologies, Inc.
100 First Street, Suite 2000
San Francisco, California 94105
(415) 869-7100
(Name, address and telephone number of person authorized
to receive notices and communications)
October 29, 2002
(Date of Event which requires Filing of this Statement)
If a 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
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g) check the following
box [ ].
(Continued on following pages)
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CUSIP NO.
63935M109
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ClearBlue Technologies Equity, Inc.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)[X]
(b)[ ]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
WC
--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(D) OR 2(E)
[ ]
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7. SOLE VOTING POWER
NUMBER OF 0
SHARES --------------------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 79,439,696 (See Item 5)
EACH --------------------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0
WITH --------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
79,439,696 (See Item 5)
--------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
79,439,696 (See Item 5)
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12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
78.80% (See Item 5)
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14. TYPE OF REPORTING PERSON
CO
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ClearBlue Finance, Inc.
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)[X]
(b)[ ]
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS
WC
--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(D) OR 2(E)
[ ]
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 0
SHARES -------------------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 252,220,606 (See Item 5)
EACH --------------------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0
WITH --------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
252,220,606 (See Item 5)
--------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
252,220,606 (See Item 5)
--------------------------------------------------------------------------------
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
72.90% (See Item 5)
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
CO
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ClearBlue Technologies, Inc.
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)[X]
(b)[ ]
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS
WC
--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(D) OR 2(E)
[ ]
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 0
SHARES --------------------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 331,660,302 (See Item 5)
EACH --------------------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0
WITH --------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
331,660,302 (See Item 5)
--------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
331,660,302 (See Item 5)
--------------------------------------------------------------------------------
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
94.44% (See Item 5)
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14. TYPE OF REPORTING PERSON
CO
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Amendment No. 1 to Schedule 13D
This statement constitutes Amendment No. 1 to the Schedule 13D relating
to the common stock, par value $.01 per share (the "Common Stock") of NaviSite,
Inc. (the "Issuer") filed jointly by ClearBlue Technologies Equity, Inc.,
("CBTE"), ClearBlue Finance, Inc. ("CBF") and ClearBlue Technologies, Inc.
("ClearBlue") on September 18, 2002. This statement is being filed in order to
amend Items 4 and 5 of the Schedule 13D.
Item 4. Purpose of the Transaction.
--------------------------
In addition to the prior disclosures of CBTE, CBF and ClearBlue in Item
4 of Schedule 13D, ClearBlue hereby discloses that it is currently evaluating
the possibility of a business combination involving ClearBlue, its affiliated
entities and the Issuer. However, the parties currently have no plan for such
business combination and there can be no assurance that a business combination
will happen in the future.
Item 5. Interest in Securities of the Issuer.
------------------------------------
(a) For purposes of Rule 13d-3 of the Exchange Act, CBTE, CBF and
ClearBlue beneficially own 331,660,302 shares of Common Stock, representing
approximately 94.44% of the outstanding shares of Common Stock. This percentage
is based on the number of shares of Common Stock issued and outstanding as of
October 25, 2002 as reported on the Issuer's Form 10-K for the fiscal year ended
July 31, 2002.
Of these shares of Common Stock, 74,236,444 shares of Common Stock and
5,203,252 warrants to purchase shares of Common Stock were acquired by CBTE from
CMGI, Inc. ("CMGI") and Hewlett-Packard Financial Services Company ("HPFS") on
September 11, 2002. 250,358,974 shares of Common Stock represent the number of
shares of Common Stock that CBF has a right to acquire through conversion of the
principal amount of a 12% convertible note, dated as of November 8, 2001, of the
Issuer representing approximately $55 million aggregate principal amount plus
accrued interest thereon that CBF acquired from HPFS on September 11, 2002 (the
"HPFS Note") and of a 12% convertible note, dated as of November 8, 2001, of the
Issuer representing $10 million aggregate principal amount plus accrued interest
thereon that CBF acquired from CMGI on September 11, 2002 (the "CMGI Note" and
together with the HPFS Note, the "Notes"). 1,861,632 shares of Common Stock were
issued by the Issuer to CBF on October 18, 2002 as interest for the period ended
September 30, 2002 on the Notes.
Except as set forth in this Item 5(a) (including with respect to shares
of Common Stock issued in respect of future interest payments on the CMGI Note
and the HPFS Note), none of CBTE, CBF and, to the best of their knowledge, any
persons named in Exhibit A hereto owns beneficially any shares of Common Stock.
(b) CBTE, CBF and ClearBlue share the power to vote and to dispose of
the shares of Common Stock.
(c) Except as set forth in Item 4 and above in this Item 5, no
transactions in the Common Stock have been effected during the past 60 days by
CBTE, CBF and ClearBlue or, to the best of their knowledge, by any of the
persons named in Exhibit A.
(d) Not Applicable.
(e) Not Applicable.
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief,
we certify that the information set forth in this statement is true, complete
and correct.
Dated: October 31, 2002
CLEARBLUE TECHNOLOGIES EQUITY, INC.
By: /s/ Mark Lambourne
--------------------
Name: Mark Lambourne
Title: President
CLEARBLUE FINANCE, INC.
By: /s/ Mark Lambourne
--------------------
Name: Mark Lambourne
Title: President
CLEARBLUE TECHNOLOGIES, INC.
By: /s/ Mark Lambourne
--------------------
Name: Mark Lambourne
Title: President