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. 3)
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)
December 31, 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)
Page 6 of 6
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ClearBlue Technologies, Inc.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
[X]
(b)
[
]
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS
OO
--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(D) OR 2(E)
[ ]
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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 1,213,037 (See Item 5)
EACH --------------------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0
WITH --------------------------------------------------------------
10. SHARED DISPOSITIVE POWER 1,213,037
(See Item 5)
-----------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,213,037 (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)
51.36% (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 Atlantic, LLC
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
[X]
(b)
[
]
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS
OO
--------------------------------------------------------------------------------
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 8,678,577
SHARES -----------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 20,240,971 (See Item 5)
EACH --------------------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 8,678,577
WITH --------------------------------------------------------------
10. SHARED DISPOSITIVE POWER 20,240,971 (See
Item 5)
-----------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
20,240,971 (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)
85.71% (See Item 5)
--------------------------------------------------------------------------------
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
Atlantic Investors, LLC
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
[X]
(b)
[
]
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS
OO
--------------------------------------------------------------------------------
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 8,678,577
SHARES -----------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 20,240,971 (See Item 5)
EACH --------------------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 8,678,577
WITH --------------------------------------------------------------
10. SHARED DISPOSITIVE POWER 20,240,971 (See
Item 5)
-----------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
20,240,971 (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)
85.71% (See Item 5)
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
CO
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Amendment No. 3 to Schedule 13D
This statement constitutes Amendment No. 3 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.
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 amends its prior disclosure to the effect
that it was evaluating the possibility of a business combination involving
ClearBlue, its affiliated entities and the Issuer. Pursuant to a transaction
between ClearBlue and the Issuer on December 31, 2002, ClearBlue received
8,519,676 shares of Common Stock in exchange for all of the outstanding stock of
ClearBlue Technologies Management, Inc. ("CBTM"), ClearBlue's wholly-owned
subsidiary.
On January 8, 2003, the Issuer effected a one for fifteen reverse split
of the Common Stock (the "Reverse Split"). This Amendment No. 3 reflects the
Reverse Split, and the receipt of the Common Stock in connection with the
transfer of the stock of CBTM to the Issuer.
Item 5. Interest in Securities of the Issuer.
------------------------------------
(a) For purposes of Rule 13d-3 of the Exchange Act, CBTE, CBF,
ClearBlue, ClearBlue Atlantic and Atlantic Investors beneficially own 20,240,971
shares of Common Stock, representing approximately 85.71% of the outstanding
shares of Common Stock. This percentage is based on the number of shares of
Common Stock issued and outstanding as of December 12, 2002 as reported on the
Issuer's Form 10-Q for the fiscal quarter ended October 31, 2002.
Of these shares of Common Stock, 8,110,599 shares of Common Stock are
held by ClearBlue Atlantic, 567,979 shares of Common Stock are held by ClearBlue
and 11,562,393 shares 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 $45 million aggregate principal amount plus accrued interest
thereon.
(b) ClearBlue, ClearBlue Atlantic and Atlantic Investors share the
power to vote and to dispose of the 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, ClearBlue, ClearBlue Atlantic, Atlantic Investors
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: January 13, 2002
CLEARBLUE TECHNOLOGIES EQUITY, INC.
By: /s/ Gabriel Ruhan___________
Name: Gabriel Ruhan
Title: Vice President
CLEARBLUE FINANCE, INC.
By:_/s/ Gabriel Ruhan___________
Name: Gabriel Ruhan
Title: Vice President
CLEARBLUE TECHNOLOGIES, INC.
By: _/s/ Gabriel Ruhan___________
Name: Gabriel Ruhan
Title: Chief Financial Officer
CLEARBLUE ATLANTIC LLC
By: Atlantic Investors, LLC, its Managing Member
By Madison Technology LLC, a Managing member
By: _/s/ Arthur Becker____________
Name: Arthur Becker
Title: Managing Member
ATLANTIC INVESTORS LLC
By: Madison Technology LLC, a Managing Member
By: _/s/ Arthur Becker____________
Name: Arthur Becker
Title: Managing Member