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CUSIP NO. 42979U-102 13D Page 1 of 13 Pages
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
------------
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS PURSUANT TO RULE 13d-2(a)
(Amendment No. 8)*
HIGH SPEED ACCESS CORP.
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
42979U-102
(CUSIP Number)
William D. Savoy Alvin G. Segel, Esq.
Vulcan Ventures Incorporated Irell & Manella LLP
505 Union Station 1800 Avenue of the Stars
505 Fifth Avenue South, Suite 900 Suite 900
Seattle, WA 98104 Los Angeles, CA 90067
(206) 342-2000 (310) 277-1010
Curtis S. Shaw, Esq. Leigh P. Ryan, Esq.
Charter Communications Ventures, LLC Paul, Hastings, Janofsky & Walker LLP
12405 Powerscourt Drive, Suite 100 399 Park Avenue, 31st Fl.
St. Louis, MO 63131 New York, NY 10022
(314) 965-0555 (212) 318-6000
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 20, 2001
(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(e), 13d-1(f) or 13d-1(g), 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 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 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 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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CUSIP NO. 42979U-102 13D Page 2 of 13 Pages
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1. NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Vulcan Ventures Incorporated
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a)
/ /
(b)
/X/
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS*
Not applicable
- --------------------------------------------------------------------------------
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
State of Washington
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF -0- SHARES
--------------------------------------------
SHARES BENEFICIALLY 8. SHARED VOTING POWER
27,798,278 SHARES (1)
OWNED BY --------------------------------------------
9. SOLE DISPOSITIVE POWER
EACH REPORTING PERSON -0- SHARES
--------------------------------------------
WITH 10. SHARED DISPOSITIVE POWER
27,798,278 SHARES (1)
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
27,798,278 SHARES (1)
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
40.9% based on 60,394,835 shares of common stock outstanding as of October
31, 2001, as reported by the Issuer in its Quarterly Report on Form 10-Q
filed with the Securities and Exchange Commission on November 14, 2001.
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*
CO
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(1) These shares are directly owned by Vulcan Ventures Incorporated. Paul G.
Allen is the sole shareholder of Vulcan Ventures Incorporated and may be
deemed to have shared voting and dispositive power with respect to such
shares. The reported shares include 20,222,139 shares of common stock owned
by Vulcan Ventures Incorporated and 7,576,139 shares of common stock that
may be obtained upon conversion (at the conversion price in effect as of
the date hereof) of 38,000 shares of Series D Preferred Stock owned by
Vulcan Ventures Incorporated. CC Systems, LLC, an affiliate of Vulcan
Ventures Incorporated, has agreed to purchase those 38,000 shares of Series
D Preferred Stock pursuant to the Stock Purchase Agreement described in
Amendment No. 6 to this Schedule 13D and the Assignment and Consent
described in this Amendment No. 8 to this Schedule 13D. The Issuer has
agreed to purchase the 20,222,139 shares of common stock owned by Vulcan
Ventures pursuant to the Common Stock Purchase Agreement described in
Amendment No. 7 to this Schedule 13D.
* SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP NO. 42979U-102 13D Page 3 of 13 Pages
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1. NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Paul G. Allen
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a)
/ /
(b)
/X/
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS*
Not applicable
- --------------------------------------------------------------------------------
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 of America
- --------------------------------------------------------------------------------
NUMBER OF SHARES 7. SOLE VOTING POWER
-0- SHARES
BENEFICIALLY OWNED --------------------------------------------
8. SHARED VOTING POWER
BY EACH REPORTING 37,825,704 SHARES (1)
--------------------------------------------
PERSON 9. SOLE DISPOSITIVE POWER
-0- SHARES
WITH --------------------------------------------
10. SHARED DISPOSITIVE POWER
37,825,704 SHARES (1)
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
37,825,704 SHARES (1)
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
48.4% based on 60,394,835 shares of common stock outstanding as of October
31, 2001, as reported by the Issuer in its Quarterly Report on Form 10-Q
filed with the Securities and Exchange Commission on November 14, 2001.
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*
IN
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(1) 27,798,278 of these shares are directly owned by Vulcan Ventures
Incorporated. Paul G. Allen is the sole shareholder of Vulcan Ventures
Incorporated and may be deemed to have shared voting and dispositive
power with respect to such shares. Such shares include 20,222,139
shares of common stock owned by Vulcan Ventures Incorporated and
7,576,139 shares of common stock that may be obtained upon conversion
(at the conversion price in effect as of the date hereof) of 38,000
shares of Series D Preferred Stock owned by Vulcan Ventures
Incorporated. The reported shares also include 2,650,659 shares of
common stock issuable upon exercise of warrants held by Charter
Communications, Inc., an affiliate of Mr. Allen. Mr. Allen may be
deemed to have shared voting and dispositive power with respect to such
shares. The reported shares also include 7,376,767 shares of common
stock that may be obtained upon conversion (at the conversion price in
effect as of the date hereof) of 37,000 shares of Series D Preferred
Stock owned by Charter Communications Ventures, LLC, an affiliate of
Mr. Allen. Mr. Allen may be deemed to have shared voting and
dispositive power with respect to such shares.
* SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP NO. 42979U-102 13D Page 4 of 13 Pages
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1. NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Charter Communications Ventures, LLC
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) / /
(b) /X/
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS*
Not applicable
- --------------------------------------------------------------------------------
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
State of Delaware
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NUMBER OF SHARES 7. SOLE VOTING POWER
-0- SHARES
BENEFICIALLY OWNED -------------------------------------------------
8. SHARED VOTING POWER
BY EACH REPORTING 10,027,426 SHARES (1)
-------------------------------------------------
PERSON 9. SOLE DISPOSITIVE POWER
-0- SHARES
WITH -------------------------------------------------
10. SHARED DISPOSITIVE POWER
10,027,426 SHARES (1)
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,027,426 SHARES (1)
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.1% based on 60,394,835 shares of common stock outstanding as of October
31, 2001, as reported by the Issuer in its Quarterly Report on Form 10-Q
filed with the Securities and Exchange Commission on November 14, 2001.
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14. TYPE OF REPORTING PERSON*
OO
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(1) The reported shares include 2,650,659 shares of common stock issuable upon
exercise of warrants held by Charter Communications, Inc., an affiliate of
Charter Communications Ventures, LLC. Charter Communications Ventures, LLC
may be deemed to have shared voting and dispositive power with respect to
such shares. The reported shares also include 7,376,767 shares of common
stock that may be obtained upon conversion (at the conversion price in
effect as of the date hereof) of 37,000 shares of Series D Preferred Stock
held by Charter Communications Ventures, LLC. Charter Communications
Ventures, LLC may be deemed to have shared voting and dispositive power
with respect to such shares. The reported shares do not include 20,222,139
shares of common stock owned directly by Vulcan Ventures Incorporated or
7,576,139 shares of common stock that may be obtained upon conversion (at
the conversion price in effect as of the date hereof) of 38,000 shares of
Series D Preferred Stock owned by Vulcan Ventures Incorporated, which
shares of Series D Preferred Stock, CC Systems, LLC, an affiliate of
Charter Communications Ventures, LLC, has agreed to purchase pursuant to
the Stock Purchase Agreement described in Amendment No. 6 to this Schedule
13D and the Assignment and Consent described in this Amendment No. 8 to
this Schedule 13D.
* SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP NO. 42979U-102 13D Page 5 of 13 Pages
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1. NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Charter Communications Holdings, LLC
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) / /
(b) /X/
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3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS*
Not applicable
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(E) / /
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
- --------------------------------------------------------------------------------
NUMBER OF SHARES 7. SOLE VOTING POWER
-0- SHARES
BENEFICIALLY ----------------------------------------------------
8. SHARED VOTING POWER
OWNED BY EACH 10,027,426 SHARES (1)
----------------------------------------------------
REPORTING PERSON 9. SOLE DISPOSITIVE POWER
-0- SHARES
WITH ----------------------------------------------------
10. SHARED DISPOSITIVE POWER
10,027,426 SHARES (1)
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,027,426 SHARES (1)
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.1% based on 60,394,835 shares of common stock outstanding as of October
31, 2001, as reported by the Issuer in its Quarterly Report on Form 10-Q
filed with the Securities and Exchange Commission on November 14, 2001.
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*
OO
- --------------------------------------------------------------------------------
(1) The reported shares include 2,650,659 shares of common stock issuable upon
exercise of warrants held by Charter Communications, Inc., an affiliate of
Charter Communications Holdings, LLC. Charter Communications Holdings, LLC
may be deemed to have shared voting and dispositive power with respect to
such shares. The reported shares also include 7,376,767 shares of common
stock that may be obtained upon conversion (at the conversion price in
effect as of the date hereof) of 37,000 shares of Series D Preferred Stock
owned by Charter Communications Ventures, LLC, an affiliate of Charter
Communications Holdings, LLC. Charter Communications Holdings, LLC may be
deemed to have shared voting and dispositive power with respect to such
shares. The reported shares do not include 20,222,139 shares of common
stock owned directly by Vulcan Ventures Incorporated or 7,576,139 shares of
common stock that may be obtained upon conversion (at the conversion price
in effect as of the date hereof) of 38,000 shares of Series D Preferred
Stock held by Vulcan Ventures Incorporated, which shares of Series D
Preferred Stock, CC Systems, LLC, an affiliate of Charter Communications
Ventures, LLC, has agreed to purchase pursuant to the Stock Purchase
Agreement described in Amendment No. 6 to this Schedule 13D and the
Assignment and Consent described in this Amendment No. 8 to this Schedule
13D.
* SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP NO. 42979U-102 13D Page 6 of 13 Pages
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1. NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Charter Communications Holding Company, LLC
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) / /
(b) /X/
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS*
Not applicable
- --------------------------------------------------------------------------------
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
State of Delaware
- --------------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
-0- SHARES
SHARES BENEFICIALLY --------------------------------------------
8. SHARED VOTING POWER
OWNED BY EACH 10,027,426 SHARES (1)
--------------------------------------------
REPORTING PERSON 9. SOLE DISPOSITIVE POWER
WITH -0- SHARES
--------------------------------------------
10. SHARED DISPOSITIVE POWER
10,027,426 SHARES (1)
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,027,426 SHARES (1)
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.1% based on 60,394,835 shares of common stock outstanding as of October
31, 2001, as reported by the Issuer in its Quarterly Report on Form 10-Q
filed with the Securities and Exchange Commission on November 14, 2001.
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*
OO
- --------------------------------------------------------------------------------
(1) The reported shares include 2,650,659 shares of common stock issuable upon
exercise of warrants held by Charter Communications, Inc., an affiliate of
Charter Communications Holding Company, LLC. Charter Communications
Holding Company, LLC may be deemed to have shared voting and dispositive
power with respect to such shares. The reported shares also include
7,376,767 shares of common stock that may be obtained upon conversion (at
the conversion price in effect as of the date hereof) of 37,000 shares of
Series D Preferred Stock held by Charter Communications Ventures, LLC, an
affiliate of Charter Communications Holding Company, LLC. Charter
Communications Holding Company, LLC may be deemed to have shared voting
and dispositive power with respect to such shares. The reported shares do
not include 20,222,139 shares of common stock owned directly by Vulcan
Ventures Incorporated or 7,576,139 shares of common stock that may be
obtained upon conversion (at the conversion price in effect as of the date
hereof) of 38,000 shares of Series D Preferred Stock held by Vulcan
Ventures Incorporated, which shares of Series D Preferred Stock, CC
Systems, LLC, an affiliate of Charter Communications Ventures, LLC, has
agreed to purchase pursuant to the Stock Purchase Agreement described in
Amendment No. 6 to this Schedule 13D and the Assignment and Consent
described in this Amendment No. 8 to this Schedule 13D.
* SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP NO. 42979U-102 13D Page 7 of 13 Pages
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1. NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Charter Communications, Inc.
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) / /
(b) /X/
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS*
Not applicable
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(E) / /
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
- --------------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
-0- SHARES
SHARES BENEFICIALLY --------------------------------------------
8. SHARED VOTING POWER
OWNED BY EACH 10,027,426 SHARES (1)
--------------------------------------------
REPORTING PERSON 9. SOLE DISPOSITIVE POWER
-0- SHARES
WITH --------------------------------------------
10. SHARED DISPOSITIVE POWER
10,027,426 SHARES (1)
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,027,426 SHARES (1)
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.1% based on 60,394,835 shares of common stock outstanding as of October
31, 2001, as reported by the Issuer in its Quarterly Report on Form 10-Q
filed with the Securities and Exchange Commission on November 14, 2001.
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*
OO
- --------------------------------------------------------------------------------
(1) The reported shares include 2,650,659 shares of common stock issuable upon
exercise of warrants held directly by Charter Communications, Inc. The
reported shares also include 7,376,767 shares of common stock that may be
obtained upon conversion (at the conversion price in effect as of the date
hereof) of 37,000 shares of Series D Preferred Stock held by Charter
Communications Ventures, LLC, an affiliate of Charter Communications, Inc.
Charter Communications, Inc. may be deemed to have shared voting and
dispositive power with respect to such shares. The reported shares do not
include 20,222,139 shares of common stock owned directly by Vulcan Ventures
Incorporated or 7,576,139 shares of common stock that may be obtained upon
conversion (at the conversion price in effect as of the date hereof) of
38,000 shares of Series D Preferred Stock held by Vulcan Ventures
Incorporated, which shares of Series D Preferred Stock, CC Systems, LLC, an
affiliate of Charter Communications Ventures, LLC, has agreed to purchase
pursuant to the Stock Purchase Agreement described in Amendment No. 6 to
this Schedule 13D and the Assignment and Consent described in this
Amendment No. 8 to this Schedule 13D.
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP NO. 42979U-102 13D Page 8 of 13 Pages
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SCHEDULE 13D
This statement, which is being filed by Vulcan Ventures Incorporated, a
Washington corporation ("Vulcan Ventures"), Charter Communications Ventures,
LLC, a Delaware limited liability company ("Charter Ventures"), Charter
Communications Holdings, LLC, a Delaware limited liability company ("Charter
Holdings"), Charter Communications Holding Company, LLC, a Delaware limited
liability company ("Charter Holdco"), Charter Communications, Inc., a Delaware
corporation ("Charter" and together with Charter Ventures, Charter Holdings and
Charter Holdco, the "Charter Reporting Persons"), and Paul G. Allen, the
Chairman, President and sole shareholder of Vulcan Ventures and the Chairman of
Charter ("Mr. Allen", and together with Vulcan Ventures and the Charter
Reporting Persons, the "Reporting Persons"), constitutes Amendment No. 8 to the
Schedule 13D originally filed with the Securities and Exchange Commission (the
"SEC") on June 21, 1999 (the "Schedule 13D"), as amended by Amendment No. 1
filed with the SEC on June 28, 1999, Amendment No. 2 filed with the SEC on
August 24, 1999, Amendment No. 3 filed with the SEC on November 17, 2000,
Amendment No. 4 filed with the SEC on December 13, 2000, Amendment No. 5 filed
with the SEC on August 1, 2001, Amendment No. 6 filed with the SEC on October 1,
2001 and Amendment No. 7 filed with the SEC on November 2, 2001. The Schedule
13D relates to the common stock, par value $.01 per share, of High Speed Access
Corp., a Delaware corporation (the "Issuer"). The item numbers and responses
thereto below are in accordance with the requirements of Schedule 13D.
Capitalized terms used in this Amendment No. 8 and not defined shall have the
meaning set forth in the Schedule 13D.
Each of the Reporting Persons acknowledges responsibility with respect
to the information provided as to such signatory, but assumes no responsibility
with respect to the information provided as to any other signatory.
ITEM 2. IDENTITY AND BACKGROUND
Item 2 of the Schedule 13D is hereby amended to reflect the following:
Carl Vogel has been the President, Chief Executive Officer and a
director of CCI and Charter since October 2001. Mr. Vogel has more than 20 years
experience in telecommunications and the subscription television business. Prior
to joining CCI in October 2001, he was a senior vice president of Liberty Media
Corporation from November 1999 until October 2001, and chief executive officer
of Liberty Satellite and Technology from April 2000 until October 2001. Prior to
joining Liberty Media Corp. and Liberty Satellite and Technology, Mr. Vogel was
an executive vice president and chief operating officer of Field Operations for
AT&T Broadband and Internet Services with responsibility for managing operations
of all of AT&T's cable broadband properties from June 1999 until November 1999.
Mr. Vogel previously served as chief executive officer of Primestar Inc., a
national provider of subscription television services, from June 1998 to June
1999. From 1997 through June 1998 he served as the Chief Executive Officer of
Star Choice Communications. From 1994 through 1997, Mr. Vogel served as the
President and Chief Operating Officer of EchoStar Communications. He began his
telecommunications career at Jones Intercable.
The principal office of Vulcan Ventures and the business addresses of
all of Vulcan Ventures' executive officers and directors, except as noted below,
is 505 Union Station, 505 Fifth Avenue South, Suite 900, Seattle, WA 98104.
Joseph Franzi has been Vice President of Treasury and Asset Management
for Vulcan Ventures since July 2001. Prior to joining Vulcan Ventures in July
1997, Mr. Franzi spent 23 years with KPMG, including 15 years as partner. He is
a graduate of the University of San Francisco School of Law and Undergraduate
School and University of Washington Graduate School of Business Administration
Management Program.
Nathaniel T. "Buster" Brown has worked within the Vulcan Ventures
umbrella of companies since 1998 and has been Vice President and Chief Financial
Office of Vulcan Ventures since September 2000. Mr. Brown was formerly the chief
financial officer for the Seattle Seahawks. Prior to joining the Seattle
Seahawks, Mr. Brown was the CFO for Administrative Systems, Inc. from 1994 to
1997, the CFO of Thurman Industries, Inc. from 1990 to 1994, director of
accounting for Egghead Discount Software from 1987 to 1989 and the CFO of
Northwestern Drug Co. from 1984 to 1987. Mr. Brown received his masters of
business administration from the University of Puget Sound.
Richard Leigh has served as Vulcan Ventures' Vice President and general
counsel since December 2000. Prior to that, Mr. Leigh was vice president and
general counsel for the Seattle Seahawks, a Vulcan Ventures-affiliated company.
He also spent eight years as a corporate attorney with the Seattle law firm of
Foster Pepper & Shefelman, PLLC, where he was a partner. Mr. Leigh earned his
B.A. degree in History and Hispanic Studies from Brown University and an M.A.
degree in International Politics from The Johns Hopkins University School of
Advanced International Studies. He also holds a J.D. degree from Columbia
University School of Law.
The business address of Bert E. Kolde, the Vice President, Treasurer
and Director of Vulcan Ventures, is 8815 122nd Ave NE, Kirkland, Washington
98033.
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CUSIP NO. 42979U-102 13D Page 9 of 13 Pages
- -------------------- --------------------
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Item 3 of the Schedule 13D is hereby amended by adding the following:
As more fully described in Item 6 below, Charter Holdco assigned to CC
Systems, LLC, a Delaware limited liability company and an indirect wholly-owned
subsidiary of Charter Holdings ("CC Systems"), the Stock Purchase Agreement
described in Item 6 of Amendment No. 6 to the Schedule 13D. CC Systems will
receive from Charter Holdings as a contribution to capital the $8 million
necessary to pay the cash purchase price for the 38,000 shares of Series D
Preferred Stock of the Issuer as provided in the Stock Purchase Agreement and
the funds required to pay the cash portion of the purchase price under the Asset
Purchase Agreement (collectively, the "acquisition funds"). Charter Holdings
will receive the acquisition funds from either or both of Charter Communications
Operating, LLC ("Charter Operating") or Falcon Cable Communications, LLC
("Falcon" and together with Charter Operating, the "Funding Subsidiaries"), each
of which is an indirectly wholly-owned subsidiary of Charter Holdco, as a
repayment of certain portions of intercompany receivables held by Charter
Holdings. The Funding Subsidiaries will obtain the acquisition funds from either
their working capital or drawdowns on their credit facilities.
The credit facilities for Charter Operating were entered into on March
18, 1999 and consists of senior secured credit facilities arranged by Chase
Securities Inc., Nationsbanc Montgomery Securities LLC and TD Securities (USA)
Inc. These credit facilities are guaranteed by Charter Holdings and by Charter
Operating's subsidiaries and are secured by pledges of intercompany obligations
and ownership interests. These credit facilities include Tranche A and B term
loans and a revolving loan with a $1.25 billion borrowing limit. The final
maturity date for both the Tranche A term loan and the revolving loan is
September 18, 2007. The final maturity date for the Tranche B term loan is March
18, 2008. The revolving loan will likely be the portion drawn upon to fund the
purchases of stock and assets described above. The interest rate on the
revolving loan may be determined by two options, a base rate option, which is
generally the "prime rate" of interest plus a margin ranging from 1.5% to 2.25%
depending on the leverage ratio of Charter Operating and its subsidiaries and an
interbank eurodollar rate plus a margin ranging from 0.5% to 1.25% also
depending on the leverage ratio of Charter Operating and its subsidiaries. The
effective rate under Charter Operating's revolving loan will depend on the prime
rate and the margin applicable at the time of borrowing.
The foregoing description of Charter Operating's credit facilities is
not, and does not purport to be, complete and is qualified in its entirety to
Charter Operating's Credit Agreement and the First, Second and Third Amendments
to that Credit Agreement, copies of which are filed herewith as Exhibits 10.2,
10.3, 10.4 and 10.5, respectively.
Falcon's credit facilities with BankBoston, N.A., Bank of America, N.A.
and the Chase Manhattan Bank, as agents, were amended and restated as of
November 12, 1999, and are senior secured credit facilities guaranteed by
Falcon's direct parent, which is an affiliate of Charter Holdco, and by Falcon's
subsidiaries and are secured by pledges of intercompany obligations and
ownership interests. These credit facilities include Term Loans B and C, a
revolving loan with a $646 million borrowing limit and a supplemental revolving
loan with a $110 million borrowing limit. The final maturity dates for the
revolving loan and the supplemental revolving loan are December 29, 2006 and
December 31, 2007, respectively. The final maturity date for Term Loans B and C
are June 29, 2007 and December 31, 2007, respectively. Either or both of the
revolving loan and the supplemental revolving loan will likely be the portion of
Falcon's credit facilities drawn upon to fund the purchases of stock and assets
described above. The interest rate on the revolving loan and the supplemental
revolving loan may be determined by two options, a base rate option, which is
generally the "prime rate" of interest plus a margin ranging from 1.0% to 2.0%,
depending on the leverage ratio of Falcon and its subsidiaries and an interbank
eurodollar rate plus a margin ranging from 0.0% to 1.0%, also depending on the
leverage ratio of Falcon and its subsidiaries. The effective rate under Falcon's
revolving loan and supplemental revolving loan will depend on the prime rate and
the margin applicable at the time of borrowing.
The foregoing description of Falcon's credit facilities is not, and
does not purport to be, complete and is qualified in its entirety to Falcon's
Form of Credit Agreement, a copy of which is filed herewith as Exhibit 10.6.
In addition, the matters set forth in Item 6 under "Other Transfer
Arrangements" are incorporated in this Item 3 by reference as if fully set forth
herein.
ITEM 4. PURPOSE OF TRANSACTION.
Item 4 of the Schedule 13D is hereby amended by adding the following:
In addition, the matters set forth in Item 6 are incorporated in this
Item 4 by reference as if fully set forth herein.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5(a) of the Schedule 13D is hereby amended and restated to read as
follows (except as otherwise noted):
(a) As of the date of this Amendment No. 8, Vulcan Ventures, Mr. Allen
and each of the Charter Reporting Persons, beneficially own 27,798,278 shares,
37,825,704 shares and 10,027,426 shares, respectively, of the Issuer's common
stock. The
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CUSIP NO. 42979U-102 13D Page 10 of 13 Pages
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reported shares of Mr. Allen and each of the Charter Reporting Persons include
2,650,659 shares of common stock issuable upon exercise of warrants held by
Charter. The reported shares of Mr. Allen and each of the Charter Reporting
Persons include 7,376,767 shares of common stock that may be obtained upon
conversion (at the conversion price in effect as of the date hereof) of the
37,000 shares of Series D Preferred Stock held by Charter Ventures. The reported
shares of Mr. Allen also include 20,222,139 shares of common stock owned
directly by Vulcan Ventures and 7,576,139 shares of common stock that may be
obtained upon conversion (at the conversion price in effect as of the date
hereof) of the 38,000 shares of Series D Preferred Stock held by Vulcan
Ventures. The above conversion numbers for the Series D Preferred Stock are
based on a liquidation preference of $1,000 per share of Series D Preferred
Stock and a conversion price of $5.01875 per share of common stock.
The stockholdings of Vulcan Ventures, Mr. Allen and the Charter
Reporting Persons, assuming immediate conversion of all of the shares of Series
D Preferred Stock into shares of common stock and exercise of the warrants,
represent approximately 40.9%, 48.4% and 14.1%, respectively, of the shares of
the Issuer's common stock outstanding, including shares issuable on such
conversion and exercise.
Upon consummation of the transactions contemplated by the Asset
Purchase Agreement, the Stock Purchase Agreement, the Common Stock Purchase
Agreement, the Assignment and Consent and the transfers described under "Other
Transfer Arrangements" in Item 6 below, including the sale of 38,000 shares of
the Series D Preferred Stock by Vulcan Ventures to CC Systems pursuant to the
Stock Purchase Agreement and the Assignment and Consent, and including the
subsequent transfer of all 75,000 shares of Series D Preferred Stock to be held
by CC Systems immediately prior to closing of the Asset Purchase Agreement to
the Issuer at closing and the cancellation of the Charter Warrants (as defined
in the Asset Purchase Agreement) at closing, none of Vulcan Ventures, Mr. Allen
or the Charter Reporting Persons will beneficially own any securities of the
Issuer. But see Items 4 and 6 of the Schedule 13D for a description of
termination provisions and conditions to closing of the Asset Purchase
Agreement, the Stock Purchase Agreement and the Common Stock Purchase Agreement.
The remaining text of Item 5(a) of the Schedule 13D beginning with the
words "[a]ll of the percentages set forth in this Item 5(a) . . . " is not
amended or restated in any way.
Items 5(b) through Item 5(e) of the Schedule 13D remain true and
correct as of the date hereof and are not hereby amended.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
Item 6 of the Schedule 13D is hereby amended by adding the following:
Assignment and Consent
- ----------------------
In connection with the transactions contemplated by the Asset Purchase
Agreement, Charter Holdco, CC Systems and Vulcan Ventures executed an Assignment
and Consent, dated as of December 20, 2001 ("Assignment and Consent") pursuant
to which Charter Holdco assigned to CC Systems its rights under the Stock
Purchase Agreement, the License Agreement and Charter Holdco's right to purchase
assets and assume liabilities under the Asset Purchase Agreement.
The foregoing description of the Assignment and Consent is not, and
does not purport to be, complete and is qualified in its entirety by reference
to the Assignment and Consent, a copy of which is filed herewith as Exhibit
10.6.
Other Transfer Arrangements
- ---------------------------
It is the intention of the Charter Reporting Persons that immediately
prior to the consummation of the transactions contemplated by the Asset Purchase
Agreement, Charter Holdco will transfer the Charter Warrants it holds to Charter
Holdings as a contribution to capital, Charter Ventures will transfer the 37,000
shares of Series D Preferred Stock of the Issuer it holds to Charter Holdings as
a distribution, and Charter Holdings will transfer the Charter Warrants it will
receive from Charter Holdco and the 37,000 shares of Series D Preferred Stock it
will receive from Charter Ventures to CC Systems as a contribution to capital,
which will leave CC Systems holding, immediately prior to closing of the Asset
Purchase Agreement, 75,000 shares of Series D Preferred Stock of the Issuer and
the Charter Warrants. After closing, none of Vulcan Ventures, Mr. Allen, the
Charter Reporting Persons or CC Systems will beneficially own any securities of
the Issuer.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Item 7 of the Schedule 13D is hereby amended by adding the following:
Exhibit 10.6: Assignment and Consent, dated as of December 20,
executed by Charter Communications Holding Company,
LLC , CC Systems, LLC and Vulcan Ventures
Incorporated.
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CUSIP NO. 42979U-102 13D Page 11 of 13 Pages
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Exhibit 10.7: Credit Agreement, dated as of March 18, 1999, between
Charter Communications Operating, LLC, and certain
lenders and agents named therein (Incorporated by
reference to Amendment No. 2 to the registration
statement on Form S-4 of Charter Communications
Holdings, LLC and Charter Communications Holdings
Capital Corporation filed on June 22, 1999 (File No.
333-77499))
Exhibit 10.8: First Amendment to Credit Agreement dated as of June
28, 1999 between Charter Communications Operating,
LLC, Charter Communications Holdings LLC and certain
lenders and agents named therein (Incorporated by
reference to the registration statement on Form S-4 of
Charter Communications Holdings, LLC and Charter
Communications Holdings Capital Corporation filed on
January 25, 2000 (File No. 333-95351))
Exhibit 10.9: Second Amendment to Credit Agreement dated as of
December 14, 1999 between Charter Communications
Operating, LLC, Charter Communications Holdings LLC
and certain lenders and agents named therein
(Incorporated by reference to the registration
statement on Form S-4 of Charter Communications
Holdings, LLC and Charter Communications Holdings
Capital Corporation filed on January 25, 2000 (File
No. 333-95351))
Exhibit 10.10: Third Amendment to Credit Agreement dated as of March
18, 2000, between Charter Communications Operating,
LLC, Charter Communications, LLC and certain lenders
and agents named therein (Incorporated by reference to
the annual report on Form 10-K filed by Charter
Communications, Inc. on March 30, 2000 (File No.
333-83887))
Exhibit 10.11: Form of Credit Agreement, dated as of June 30, 1998,
as Amended and Restated as of November 12, 1999, among
Falcon Cable Communications, LLC, certain guarantors
and several financial institutions or entities named
therein (Incorporated by reference to Amendment No. 3
to the registration statement on Form S-1 of Charter
Communications, Inc. filed on October 18, 1999 (File
No. 333-83887))
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CUSIP NO. 42979U-102 13D Page 12 of 13 Pages
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SIGNATURES
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: December 20, 2001 VULCAN VENTURES INCORPORATED
By: /s/ William D. Savoy
----------------------------------------------
Name: William D. Savoy
Title: President
Dated: December 20, 2001 Paul G. Allen
By: /s/ William D. Savoy
----------------------------------------------
William D. Savoy as Attorney in Fact for Paul G. Allen
pursuant to a Power of Attorney filed on August 30, 1999,
with the Schedule 13G of Vulcan Ventures Incorporated and
Paul G. Allen for Pathogenesis, Inc., and incorporated herein
by reference
Dated: December 20, 2001 CHARTER COMMUNICATIONS VENTURES, LLC
By: /s/ Curtis S. Shaw
----------------------------------------------
Name: Curtis S. Shaw
Title: Senior Vice President, General Counsel and Secretary
Dated: December 20, 2001 CHARTER COMMUNICATIONS HOLDINGS, LLC
By: /s/ Curtis S. Shaw
----------------------------------------------
Name: Curtis S. Shaw
Title: Senior Vice President, General Counsel and Secretary
Dated: December 20, 2001 CHARTER COMMUNICATIONS HOLDING Company, LLC
By: /s/ Curtis S. Shaw
----------------------------------------------
Name: Curtis S. Shaw
Title: Senior Vice President, General Counsel and Secretary
Dated: December 20, 2001 CHARTER COMMUNICATIONS, Inc.
By: /s/ Curtis S. Shaw
----------------------------------------------
Name: Curtis S. Shaw
Title: Senior Vice President, General Counsel and Secretary
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CUSIP NO. 42979U-102 13D Page 13 of 13 Pages
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EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
Exhibit 10.6: Assignment and Consent, dated as of
December 20, executed by Charter
Communications Holding Company, LLC ,
CC Systems, LLC and Vulcan Ventures
Incorporated.
Exhibit 10.7: Credit Agreement, dated as of March
18, 1999, between Charter
Communications Operating, LLC, and
certain lenders and agents named
therein (Incorporated by reference to
Amendment No. 2 to the registration
statement on Form S-4 of Charter
Communications Holdings, LLC and
Charter Communications Holdings
Capital Corporation filed on June 22,
1999 (File No. 333-77499))
Exhibit 10.8: First Amendment to Credit Agreement
dated as of June 28, 1999 between
Charter Communications Operating,
LLC, Charter Communications Holdings
LLC and certain lenders and agents
named therein (Incorporated by
reference to the registration
statement on Form S-4 of Charter
Communications Holdings, LLC and
Charter Communications Holdings
Capital Corporation filed on January
25, 2000 (File No. 333-95351))
Exhibit 10.9: Second Amendment to Credit Agreement
dated as of December 14, 1999 between
Charter Communications Operating,
LLC, Charter Communications Holdings
LLC and certain lenders and agents
named therein (Incorporated by
reference to the registration
statement on Form S-4 of Charter
Communications Holdings, LLC and
Charter Communications Holdings
Capital Corporation filed on January
25, 2000 (File No. 333-95351))
Exhibit 10.10: Third Amendment to Credit Agreement
dated as of March 18, 2000, between
Charter Communications Operating,
LLC, Charter Communications, LLC and
certain lenders and agents named
therein (Incorporated by reference to
the annual report on Form 10-K filed
by Charter Communications, Inc. on
March 30, 2000 (File No. 333-83887))
Exhibit 10.11: Form of Credit Agreement, dated as of
June 30, 1998, as Amended and
Restated as of November 12, 1999,
among Falcon Cable Communications,
LLC, certain guarantors and several
financial institutions or entities
named therein (Incorporated by
reference to Amendment No. 3 to the
registration statement on Form S-1 of
Charter Communications, Inc. filed on
October 18, 1999 (File No.
333-83887))
ASSIGNMENT AND CONSENT
This Assignment and Consent is entered into by and among Charter
Communications Holding Company, LLC, a Delaware limited liability company
("Holdco"), CC Systems, LLC, a Delaware limited liability company and an
indirectly wholly owned subsidiary of Holdco ("CC Systems"), and Vulcan Ventures
Incorporated, a Washington corporation ("Vulcan"), on this 20th day of December,
2001.
Recitals
A. Pursuant to the Asset Purchase Agreement, dated as of September 28,
2001 (the "Asset Purchase Agreement"), by and among Holdco and High Speed Access
Corp., a Delaware corporation ("HSA"), Holdco has agreed, subject to the terms
and conditions set forth therein, to purchase certain assets from, and assume
certain liabilities of, HSA.
B. Pursuant to the Stock Purchase Agreement, dated as of September 28,
2001 (the "Stock Purchase Agreement"), between Vulcan and Holdco, Holdco has
agreed to purchase from Vulcan certain shares of preferred stock issued by HSA,
the closing of which purchase is conditioned upon closing of the transactions
contemplated by the Asset Purchase Agreement.
C. Pursuant to the License Agreement, dated as of September 28, 2001
(the "License Agreement"), between Holdco, HSA and HSA International, Inc., a
Delaware corporation ("HSA International"), entered into in connection with the
Asset Purchase Agreement, Holdco granted to HSA and HSA International limited
licenses to use certain software to be acquired by Holdco from HSA pursuant to
the Asset Purchase Agreement.
D. Pursuant to the Non-Solicitation Agreements entered into in
connection with the Asset Purchase Agreement, each dated as of September 28,
2001, between Holdco and each of Daniel O'Brien and Gregg Hodges (each person
being party to only one such agreement) (collectively, the "Non-Solicitation
Agreements"), Messrs. O'Brien and Hodges agreed not to solicit certain HSA
employees to terminate employment with Holdco or any of its Affiliates.
E. Neither the License Agreement nor the Non-Solicitation Agreements
restrict Holdco's ability to assign those agreements and, pursuant to Section
12.05 of the Asset Purchase Agreement, Holdco may, without the consent of HSA,
assign to any of its Affiliates its right to acquire part or all of the Acquired
Assets, including the right to become an "Approved Company" as provided in
Section 8.04 of the Asset Purchase Agreement, and to assume the Assumed
Liabilities (such right, the "Purchase and Assumption Right"), provided that
Holdco is not released from its obligations or liabilities under the Asset
Purchase Agreement.
F. CC Systems is an indirectly wholly owned subsidiary and an Affiliate
of Holdco.
G. The Stock Purchase Agreement conditions its assignment upon the
consent of the non-assigning party.
H. Holdco desires to assign the License Agreement, the Stock Purchase
Agreement, the Non-Solicitation Agreements and the Purchase and Assumption Right
to CC Systems, CC Systems desires to assume such agreements and the Purchase and
Assumption Right and Vulcan desires to consent to the assignment of the Stock
Purchase Agreement by Holdco to CC Systems.
NOW THEREFORE, in recognition of the above and for other good and valuable
consideration the receipt of which is hereby acknowledged, the parties hereto
hereby agree as follows:
1. Defined Terms. Capitalized terms used and not otherwise defined
herein shall have the meanings assigned such terms in the Asset Purchase
Agreement.
2. Assignment and Assumption.
(i) Holdco hereby assigns the Purchase and Assumption Right and all
of its rights under the License Agreement, the Stock Purchase Agreement and the
Non-Solicitation Agreements to CC Systems. Holdco also assigns to CC Systems all
of its rights to have assigned or transferred to it any contract, agreement or
other instrument that is required to be assigned or transferred to Holdco by HSA
pursuant to the Asset Purchase Agreement (the "Acquired Agreements").
(ii) CC Systems agrees to assume all of Holdco's liabilities and
fully perform all of Holdco's obligations under the Purchase and Assumption
Right, the License Agreement, the Stock Purchase Agreement, the Non-Solicitation
Agreements and the Acquired Agreements.
3. No Release. Holdco agrees that, notwithstanding the assignment of
the Purchase and Assumption Right by Holdco to CC Systems, such assumption does
not effect any release of Holdco from its liabilities and obligations under the
Asset Purchase Agreement beyond that permitted by the Asset Purchase Agreement.
Holdco further agrees that, notwithstanding the assumption of Holdco's
liabilities and obligations under the Stock Purchase Agreement by CC Systems,
such assumption does not effect any release of Holdco from its liabilities and
obligations under the Stock Purchase Agreement.
4. Consent by Vulcan. By signing below, Vulcan agrees that it consents
to the assignment of the Stock Purchase Agreement by Holdco to CC Systems.
2
5. Choice of Law. This Assignment and Consent and the rights and
obligations of the parties hereunder shall be governed by and interpreted in
accordance with the laws of the State of New York, without reference to the
conflicts of laws principles thereof.
6. Counterparts. This Assignment and Consent may be executed in two or
more counterparts, any of which may be deemed an original, but all of which
taken together shall constitute one and the same instrument.
[The balance of this page is intentionally left blank.]
3
IN WITNESS WHEREOF, each of the parties has caused this Assignment and
Consent to be executed on its behalf by its duly authorized officer.
CHARTER COMMUNICATIONS
HOLDING COMPANY, LLC
By: /s/ Curtis S. Shaw
---------------------------------
Name: Curtis S. Shaw
Title: Senior Vice President,
General Counsel & Secretary
CC SYSTEMS, LLC
By: /s/ Curtis S. Shaw
---------------------------------
Name: Curtis S. Shaw
Title: Senior Vice President,
General Counsel & Secretary
ACKNOWLEDGED AND ACCEPTED:
VULCAN VENTURES INCORPORATED
By: /s/ William D. Savoy
---------------------------------
Name: William D. Savoy
Title: President