SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 4)*
THEGLOBE.COM, INC.
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(Name of Issuer)
COMMON STOCK, PAR VALUE $0.001 PER SHARE
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(Title of Class of Securities)
88335R101
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(CUSIP Number)
DONALD E. THOMPSON, II, ESQ.
PROSKAUER ROSE LLP
2255 GLADES ROAD, SUITE 340W
BOCA RATON, FLORIDA 33431
(561) 241-7400
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
MARCH 28, 2003
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(Date of Event which Requires Filing of this Statement)
If the 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(b)(3) or (4), check the following box [ ]
NOTE: Schedules filed in paper format shall include a signed original and
five copies of the schedule, including all exhibits. See Rule 13d-7(b) for
other parties to whom copies are to be sent.
* 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 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).
SCHEDULE 13D
CUSIP NO. 88335R101 PAGE 2 OF 6
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1. NAME OF REPORTING PERSONS Dancing Bear Investments, Inc.
S.S. or I.R.S. IDENTIFICATION NO. of ABOVE PERSONS 65-0712083
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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 SOURCE OF FUNDS* WC
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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 FLorida
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7 SOLE VOTING POWER -0-
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NUMBER OF 8 SHARED VOTING POWER 10,355,414 (1)
SHARES
BENEFICIALLY ------------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER -0-
EACH
REPORTING ------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER 10,355,414 (1)
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,355,414 (1)
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 29.4%
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14 TYPE OF REPORTING PERSON* CO
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(1) Represents (i) 5,523,588 shares of common stock of the Issuer and (ii)
warrants to acquire 4,831,826 shares of common stock, subject to certain
anti-dilutive adjustment mechanisms.
SCHEDULE 13D
CUSIP NO. 88335R101 PAGE 3 OF 6
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1. NAME OF REPORTING PERSONS Michael S. Egan
S.S. or I.R.S. IDENTIFICATION NO. of ABOVE PERSONS 390-36-3930
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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 SOURCE OF FUNDS* PF
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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 United States
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7 SOLE VOTING POWER 3,571,052
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NUMBER OF 8 SHARED VOTING POWER 30,355,414 (2)
SHARES
BENEFICIALLY ------------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER 3,571,052
EACH
REPORTING ------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER 30,355,414 (2)
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
33,926,466 (3)
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 58.4%
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14 TYPE OF REPORTING PERSON* IN
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(1) Please see the next page
SCHEDULE 13D
CUSIP NO. 88335R101 PAGE 4 OF 6
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(1) Represents (i) 2,834,385 shares issuable upon the exercise of certain
options which are either now exercisable or exercisable within the next 60 days
by Mr. Egan individually, (ii) 666,667 shares of common stock owned directly by
Mr. Egan, (iii) 56,000 shares of the common stock owned by certain trusts of
which Mr. Egan is the trustee; and (iv) 14,000 shares owned by Mr. Egan's
spouse, of which Mr. Egan disclaims beneficial ownership.
(2) Represents (i) 5,523,588 shares of common stock owned by Dancing Bear
Investments, (ii) warrants to acquire 4,831,826 shares of common stock, subject
to certain anti-dilution adjustment mechanisms, owned by Dancing Bear
Investments, (iii) 333,333 shares of Series F Convertible Preferred Stock, which
is convertible at any time into 16,666,666 shares of common stock, subject to
certain anti-dilution adjustment mechanisms, owned by E&C Capital Partners,
LLLP, which is controlled by Mr. Egan, and (iv) warrants to acquire 3,333,333
shares of common stock, subject to certain anti-dilution adjustment mechanisms,
owned by E&C Capital Partners, LLLP,
(3) Represents (i) 5,523,588 shares of common stock owned by Dancing Bear
Investments, (ii) warrants to acquire 4,831,826 shares of common stock, subject
to certain anti-dilution adjustment mechanisms, owned by Dancing Bear
Investments, (iii) 333,333 shares of Series F Convertible Preferred Stock, which
is convertible at any time into 16,666,666 shares of common stock, subject to
certain anti-dilution adjustment mechanisms, owned by E&C Capital Partners,
LLLP, which is controlled by Mr. Egan, (iv) warrants to acquire 3,333,333 shares
of common stock, subject to certain anti-dilution adjustment mechanisms, owned
by E&C Capital Partners, LLLP, (v) 2,834,385 shares issuable upon the exercise
of certain options which are either now exercisable or exercisable within the
next 60 days by Mr. Egan individually, (vi) 666,667 shares of common stock owned
directly by Mr. Egan, (vii) 56,000 shares of the common stock owned by certain
trusts of which Mr. Egan is the trustee; and (viii) 14,000 shares owned by Mr.
Egan's spouse, of which Mr. Egan disclaims beneficial ownership.
PAGE 5 OF 6
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ITEM 1. SECURITY AND ISSUER
This Amendment No. 4 to Schedule 13D ("Schedule 13D") relates to common
stock, par value $.001 ("Common Stock") of theglobe.com, inc., a Delaware
corporation (the "Issuer" or the "Company"). This Amendment No. 4 amends the
initial statement on Schedule 13D dated February 16, 1999 and all prior
amendments (collectively, the "Initial Statement") filed by Dancing Bear
Investments, Inc.("DBI"), Michael S. Egan ("Mr. Egan"), Todd Krizelman and
Stephan J. Paternot (collectively, the "Original Reporting Persons").
ITEM 2. IDENTITY AND BACKGROUND
The Original Reporting Persons were previously parties to a Stockholders'
Agreement described in the Initial Statement. As a result of the Stockholders'
Agreement and the possibility that the Original Reporting Persons may be deemed
a "group" as such term is used in Section 13(d)(3) of the Securities and
Exchange Act of 1934, the Original Reporting Persons filed the Initial
Statement. Each of the Original Reporting Persons expressly disclaimed that any
such group was formed. This Amendment No. 4 reflects the termination of the
Stockholders' Agreement, the termination of any further filings by DBI or Mr.
Egan relating to the existence of the Stockholders' Agreement and presents
beneficial ownership information solely with respect to DBI and Mr. Egan and not
all of the Original Reporting Persons. DBI, Mr. Egan and E&C Capital Partners,
LLLP, which is controlled by Mr. Egan, have simultaneously filed a Schedule 13D
setting forth their respective beneficial ownership in the Common Stock of the
Issuer.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
A. Termination of Stockholders' Agreement dated March 28, 2003
PAGE 6 OF 6
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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 Schedule 13D is true, complete
and correct.
/s/ Michael S. Egan
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Michael S. Egan
Dancing Bear Investments, Inc.
By: /s/ Michael S. Egan
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Michael S. Egan
Title: President
EXHIBIT A
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TERMINATION OF STOCKHOLDERS' AGREEMENT
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TERMINATION AGREEMENT
This Termination Agreement is dated as of March 28, 2003 between
theglobe.com, inc., a Delaware corporation (the "Company"), Michael S. Egan,
Dancing Bear Investments, Inc., a Florida corporation ("DBI" and together with
Michael S. Egan, "Dancing Bear"), Todd V. Krizelman, Stephan J. Paternot, Edward
A. Cespedes and Rosalie V. Arthur.
WHEREAS, the parties entered into a Stockholders' Agreement dated as of
February 14, 1999 (the "Stockholders' Agreement"); and
WHEREAS, the parties desire to terminate the Stockholders' Agreement.
NOW, THEREFORE, for good and valuable consideration the receipt and
adequacy of which is hereby acknowledged, the undersigned agree as follows:
1. The parties hereby agree that the Stockholders' Agreement is hereby
terminated effective immediately.
2. The parties hereby agree from time to time to execute and deliver such
further and other documents and do all matters and things which may be
convenient or necessary to more effectively and completely carry out the
intentions of this Termination Agreement, including without limitation,
preparation, execution and filing of all appropriate reports with the Securities
and Exchange Commission under applicable federal securities laws (including
without limitation an appropriate amendment on Schedule 13D).
3. This Termination Agreement and all transactions contemplated by this
Termination Agreement shall be governed by, and construed and enforced in
accordance with, the internal laws of the State of Florida without regard to
principles of conflicts of laws.
4. This Termination Agreement may be executed in one or more counterparts,
each of which shall be deemed an original, but all of which together shall
constitute one and same instrument. Confirmation of execution by telex or by
telecopy or telefax of a facsimile signature page shall be binding upon any
party to confirming.
[SIGNATURES APPEAR ON FOLLOWING PAGE]
IN WITNESS WHEREOF, the parties have signed this Termination as of the date
first provided above.
theglobe.com, inc.
By: /s/ Edward A. Cespedes
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Print Name: Edward A. Cespedes
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Title: President
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/s/ Michael S. Egan
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Michael S. Egan
Dancing Bear Investments, Inc.
By: /s/ Michael S. Egan
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Print Name: Michael S. Egan
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Title: President
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/s/ Todd V. Krizelman
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Todd V. Krizelman
/s/ Stephan J. Paternot
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Stephan J. Paternot
/s/ Edward A. Cespedes
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Edward A. Cespedes
/s/ Rosalie V. Arthur
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Rosalie V. Arthur