-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, JPd4tE3GmDIF0IsKC/90LqJ4Qv5XBrFxWI8JaBhsezOZE7AUGGXKy04iEMyLViDJ sEA4JEGZkoRN4bIBkoX6oA== 0000950130-01-502949.txt : 20010711 0000950130-01-502949.hdr.sgml : 20010711 ACCESSION NUMBER: 0000950130-01-502949 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20010710 GROUP MEMBERS: CHEUNG KONG (HOLDINGS) LIMITED GROUP MEMBERS: FORTHCOMING ERA LIMITED GROUP MEMBERS: HUTCHISON WHAMPOA LTD /WAV GROUP MEMBERS: POTTON RESOURCES LIMITED GROUP MEMBERS: PRIME PRO GROUP LIMITED GROUP MEMBERS: ULTIMATE PIONEER LIMITED SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PRICELINE COM INC CENTRAL INDEX KEY: 0001075531 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373] IRS NUMBER: 061528493 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-56083 FILM NUMBER: 1678304 BUSINESS ADDRESS: STREET 1: 800 CONNECTICUT AVE CITY: NORWALK STATE: CT ZIP: 06854 BUSINESS PHONE: 2037053000 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HUTCHISON WHAMPOA LTD /WAV CENTRAL INDEX KEY: 0000933662 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: HUTCHISON HOUSE 22ND FLOOR CITY: HONG KONG STATE: K3 ZIP: 00000 BUSINESS PHONE: 8522128118 MAIL ADDRESS: STREET 1: 22ND FL HUTCHISON HOUSE STREET 2: 10 HARCOURT RD CITY: HONG KONG STATE: K3 ZIP: 00000 FORMER COMPANY: FORMER CONFORMED NAME: HUTCHINSON WHAMPOA LTD /WAV DATE OF NAME CHANGE: 19971204 SC 13D/A 1 dsc13da.txt AMMENDMENT #2 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 2 TO SCHEDULE 13D Under the Securities Exchange Act of 1934 priceline.com Incorporated -------------------------- (Name of Issuer) Common Stock, par value $0.008 per share ---------------------------------------- (Title of Class of Securities) 741503106 --------- (CUSIP Number) Edith Shih Hutchison Whampoa Limited 22nd Floor, Hutchison House 10 Harcourt Road Hong Kong (852-2128-1188) ---------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) Copies to: John A. Otoshi Dewey Ballantine LLP Suite 701 Edinburgh Tower, The Landmark 15 Queen's Road Central Hong Kong (852-2509-7000) ---------- July 6, 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(b)(3) or (4), check the following box __. SCHEDULE 13D
CUSIP NO. 741503106 --------- - ----------- ----------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON HUTCHISON WHAMPOA LIMITED - Not Applicable - ----------- ----------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [ ] - ----------- ----------------------------------------------------------------------------------------------------------- 3 SEC US 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 Hong Kong - ----------------------------------- ------- --------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES - 0 - BENEFICIALLY ------- --------------------------------------------------------------------------- 8 SHARED VOTING POWER OWNED BY EACH 30,060,633 REPORTING ------- --------------------------------------------------------------------------- PERSON WITH 9 SOLE DISPOSITIVE POWER - 0 - ------- --------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 30,060,633 - ----------- ----------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 30,060,633 - ----------- ----------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ----------- ----------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 14.3% - ----------- ----------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON HC, CO - ----------- -----------------------------------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP NO. 741503106 --------- - ----------- ----------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON FORTHCOMING ERA LIMITED - Not Applicable - ----------- ----------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [ ] - ----------- ----------------------------------------------------------------------------------------------------------- 3 SEC US ONLY - ----------- ----------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS AF - ----------- ----------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - ----------- ----------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION British Virgin Islands - ----------------------------------- ------- --------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF - 0 - SHARES ------- --------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY EACH 17,546,622 REPORTING ------- --------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER PERSON WITH - 0 - ------- --------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 17,546,622 - ----------- ----------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 17,546,622 - ----------- ----------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ----------- ----------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.3% - ----------- ----------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO - ----------- -----------------------------------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP NO. 741503106 --------- - ----------- ----------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON ULTIMATE PIONEER LIMITED - Not Applicable - ----------- ----------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [ ] - ----------- ----------------------------------------------------------------------------------------------------------- 3 SEC US ONLY - ----------- ----------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS AF - ----------- ----------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - ----------- ----------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION British Virgin Islands - ----------------------------------- ------- --------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF - 0 - SHARES ------- --------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY EACH 12,514,011 REPORTING ------- --------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER PERSON WITH - 0 - ------- --------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 12,514,011 - ----------- ----------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 12,514,011 - ----------- ----------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ----------- ----------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.9% - ----------- ----------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO - ----------- -----------------------------------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP NO. 741503106 --------- - ----------- ----------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON CHEUNG KONG (HOLDINGS) LIMITED - Not Applicable - ----------- ----------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [ ] - ----------- ----------------------------------------------------------------------------------------------------------- 3 SEC US 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 Hong Kong - ----------------------------------- ------- --------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES - 0 - BENEFICIALLY ------- --------------------------------------------------------------------------- 8 SHARED VOTING POWER OWNED BY EACH 60,121,267 (including shares disclaimed, see 11 below) REPORTING ------- --------------------------------------------------------------------------- PERSON WITH 9 SOLE DISPOSITIVE POWER - 0 - ------- --------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 60,121,267 (including shares disclaimed, see 11 below) - ----------- ----------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 60,121,267, of which Cheung Kong expressly disclaims beneficial ownership of 30,060,633 shares beneficially owned by Hutchison Whampoa Limited - ----------- ----------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [X] - ----------- ----------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 28.6% - ----------- ----------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON HC, CO - ----------- -----------------------------------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP NO. 741503106 --------- - ----------- ----------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Prime Pro Group Limited - Not Applicable - ----------- ----------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [ ] - ----------- ----------------------------------------------------------------------------------------------------------- 3 SEC US ONLY - ----------- ----------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS AF - ----------- ----------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - ----------- ----------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION British Virgin Islands - ----------------------------------- ------- --------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES - 0 - BENEFICIALLY ------- --------------------------------------------------------------------------- 8 SHARED VOTING POWER OWNED BY EACH 17,546,622 REPORTING ------- --------------------------------------------------------------------------- PERSON WITH 9 SOLE DISPOSITIVE POWER - 0 - ------- --------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 17,546,622 - ----------- ----------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 17,546,622 - ----------- ----------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ----------- ----------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.3% - ----------- ----------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO - ----------- -----------------------------------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP NO. 741503106 --------- - ----------- ----------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON POTTON RESOURCES LIMITED - Not Applicable - ----------- ----------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [ ] - ----------- ----------------------------------------------------------------------------------------------------------- 3 SEC US ONLY - ----------- ----------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS AF - ----------- ----------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - ----------- ----------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION British Virgin Islands - ----------------------------------- ------- --------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF - 0 - SHARES ------- --------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY EACH 12,514,012 REPORTING ------- --------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER PERSON WITH - 0 - ------- --------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 12,514,012 - ----------- ----------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 12,514,012 - ----------- ----------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ----------- ----------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.9% - ----------- ----------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO - ----------- -----------------------------------------------------------------------------------------------------------
This statement constitutes Amendment No. 2 to the Schedule 13D originally filed with the Securities and Exchange Commission on February 26, 2001, as amended by Amendment No. 1 on June 11, 2001, and is filed by Hutchison Whampoa Limited, a Hong Kong company ("HWL"); Forthcoming Era Limited ("FEL"), a British Virgin Islands company and an indirect wholly-owned subsidiary of HWL; Ultimate Pioneer Limited ("UPL"), a British Virgin Islands company and an indirect wholly-owned subsidiary of HWL; Cheung Kong (Holdings) Limited ("Cheung Kong"), a Hong Kong company and a 49.97% shareholder of HWL; Prime Pro Group Limited ("PPG"), a British Virgin Islands company and an indirect wholly-owned subsidiary of Cheung Kong; and Potton Resources Limited ("PRL"), a British Virgin Islands company and an indirect wholly-owned subsidiary of Cheung Kong. Such Schedule 13D relates to the common stock, par value $0.008 per share ("Common Stock") of priceline.com Incorporated, a Delaware corporation (the "Issuer"). Terms defined in the Schedule 13D previously filed have the same meanings in this Amendment. Item 3. Source and Amount of Funds or Other Consideration. -------------------------------------------------- Item 3 of the Schedule 13D is hereby amended by adding the following: The total purchase price of the 12,514,011 shares purchased by UPL pursuant to the New Stock Purchase Agreement (as defined in Item 6) is US$54,686,228.07. The funds for UPL's purchase are provided by HWL from working capital. The total purchase price of the 12,514,012 shares purchased by PRL pursuant to the New Stock Purchase Agreement (as defined in Item 6) is US$54,686,232.44. The funds for PRL's purchase are provided by Cheung Kong from working capital. Item 4. Purpose of Transaction. ---------------------- Item 4 of the Schedule 13D is hereby amended and restated in its entirety as follows: HWL, FEL, UPL, Cheung Kong, PPG and PRL currently own the shares of Common Stock reported herein for investment purposes only. Each of HWL, FEL, UPL, Cheung Kong, PPG and PRL intends to review from time to time its ownership of such shares and may, depending upon its evaluations of the business and prospects of the Issuer, or such other considerations as it may consider relevant, determine to increase, decrease or dispose of its holdings in the Common Stock. Other than as disclosed in this Item 4 and Item 6, HWL, FEL, UPL, Cheung Kong, PPG and PRL filing this Schedule have no plans or proposals that relate to or would result in: (a) The acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer; 1 (b) An extraordinary corporate transaction involving the Issuer or any of its subsidiaries; (c) A sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries; (d) Any change in the present Board of Directors or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the Board; (e) A material change in the present capitalization or dividend policy of the Issuer; (f) Any other material change in the Issuer's business or corporate structure; changes in the Issuer's charter or bylaws or other actions that might impede the acquisition of control of the Issuer by any other person; (g) Causing securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an interdealer quotation system of a registered national securities association; (h) Causing securities of the Issuer to be eligible for termination of registration pursuant to the Exchange Act, or any other similar action; or (i) A class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Exchange Act. Item 5. Interest in Securities of the Issuer. ------------------------------------ Item 5 of the Schedule 13D is hereby amended and restated in its entirety as follows: (a) - (b) HWL, through its ownership of FEL and UPL, beneficially owns an aggregate of 30,060,633 shares of Common Stock, representing approximately 14.3% of the outstanding Common Stock based on the 210,345,478 shares of Common Stock (representing shares of Common Stock outstanding as of July 6, 2001), and has shared power over the voting and disposition of such shares. FEL beneficially owns 17,546,622 shares of Common Stock, representing approximately 8.3% of the outstanding Common Stock and has shared power over the voting and disposition of such shares. UPL beneficially owns 12,514,011 shares of Common Stock, representing approximately 5.9% of the outstanding Common Stock, and has shared power over the voting and disposition of such shares. 2 PPG beneficially owns 17,546,622 shares of Common Stock, representing approximately 8.3% of the outstanding Common Stock and has shared power over the voting and disposition of such shares. PRL beneficially owns 12,514,012 shares of Common Stock, representing approximately 5.9% of the outstanding Common Stock, and has shared power over the voting and disposition of such shares. Cheung Kong, through its ownership of PPG and PRL, beneficially owns an aggregate of 30,060,634 shares of Common Stock, representing approximately 14.3% of the outstanding Common Stock, and has shared power over the voting and disposition of such shares. In addition, Cheung Kong, through its ownership of 49.97% of the issued shares of HWL, may be deemed to share voting and dispositive power over the shares of Common Stock owned by HWL, FEL and UPL. However, pursuant to Rule 13d-4 under the Exchange Act, Cheung Kong expressly disclaims beneficial ownership of such shares. Ian Wade, the designee of FEL to the Issuer's Board of Directors, was granted options to purchase 40,000 shares of Common Stock, which are not exercisable within 60 days and therefore not included in the shares reported above. Dominic Kai Ming Lai, the designee of FEL and UPL to the Issuer's Board of Directors, and Edmond Tak Chuen Ip, the designee of PPG and PRL, each were granted options to purchase 20,000 shares of Common Stock, which are not exercisable within 60 days and therefore not included in the shares reported above. Except as described in this Item 5 and Item 6, none of HWL, FEL, UPL, Cheung Kong, PPG or PRL, nor, to the best knowledge of HWL, FEL, UPL, Cheung Kong, PPG and PRL, any executive officer or director of HWL, FEL, UPL, Cheung Kong, PPG or PRL, (i) beneficially owns any securities of the Issuer as of the date hereof or (ii) has any right as of the date hereof to acquire, directly or indirectly, any beneficial ownership of other securities of the Issuer. (c) Except as set forth herein, none of HWL, FEL, UPL, Cheung Kong, PPG or PRL, nor, to the best knowledge of HWL, FEL, UPL, Cheung Kong, PPG and PRL, any executive officer or director of HWL, FEL, UPL, Cheung Kong, PPG or PRL, has effected any transaction in shares of the Common Stock, or securities convertible into shares of the Common Stock, during the past 60 days. (d) Not applicable. (e) Not applicable. 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: 3 On June 5, 2001, UPL and PRL entered into a stock purchase agreement with Jay S. Walker and The Jay S. Walker Irrevocable Credit Trust (the "New Stock Purchase Agreement"), which provides for the purchase of 18,221,686 and 6,806,337 shares of Common Stock from Jay S. Walker and The Jay S. Walker Irrevocable Credit Trust, respectively, at a price of US$4.37 per share. On July 6, 2001, the closing of the transactions contemplated in the New Stock Purchase Agreement, UPL purchased 12,514,011 shares of Common Stock and PRL purchased 12,514,012 shares of Common Stock for an aggregate of 25,028,023 shares of Common Stock and an aggregate consideration of US$109,372,460.51. Concurrently with entering into the New Stock Purchase Agreement, UPL, PRL, FEL, PPG and the Issuer entered into a stockholders' agreement, dated as of June 5, 2001 (the "Stockholders' Agreement"), pursuant to which certain provisions of the Issuer Stock Purchase Agreement and the Registration Rights Agreement were amended. The amendments took effect on July 6, 2001, the closing of the transactions contemplated in the New Stock Purchase Agreement, and they are as follows: UPL, PRL, FEL and PPG are entitled to designate three nominees (including the designee of FEL elected to the Issuer's Board of Directors pursuant to the Issuer Stock Purchase Agreement) to the Issuer's Board of Directors so long as they own beneficially at least 20% of the 206,433,004 shares of Common Stock (including shares of Common Stock outstanding as of May 31, 2001 and shares upon the exercise of certain options by Jay S. Walker), subject to adjustment for stock splits or combination of shares and dividends of Common Stock issued pro rata to all holders of Common Stock for no consideration. UPL, PRL, FEL and PPG are entitled to designate only two nominees or one nominee to the Issuer's Board of Directors if collectively their beneficial ownership in the Issuer is less than 20% but at least 10% or less than 10% but at least 5%, respectively, of the 206,433,004 shares of Common Stock, subject to same adjustments as referred to above. Without the prior written consent of the Issuer's Board of Directors, and subject to certain other exceptions, UPL, PRL, FEL and PPG will not (and will cause their affiliates not to) acquire or propose to acquire additional securities which would result in they and their affiliates owning more than 32.5% of the outstanding capital stock of the Issuer on a fully diluted basis, or take or propose to take certain actions, including a merger or other business combination involving the Issuer, a purchase of a material portion of the Issuer's assets, a proxy contest, a voting arrangement or a tender or exchange offer, which could relate to a potential change of control of the Issuer. The Registration Rights Agreement is amended to include UPL and PRL as parties to the agreement. UPL and PRL are also granted certain demand and piggyback registration rights for their newly purchased shares of Common Stock, exercisable at any time after the closing under the New Stock Purchase Agreement, except in certain circumstances. 4 The descriptions of the New Stock Purchase Agreement and the Stockholders' Agreement contained herein are subject to, and qualified in their entirety by reference to, the New Stock Purchase Agreement and the Stockholders' Agreement, each of which was filed as an exhibit to the Amendment No. 1 to Schedule 13D. 5 SIGNATURE --------- After reasonable inquiry and to the best of its knowledge and belief, each party certifies that the information set forth in this Statement with respect to it is true, complete and correct. Date: July 10, 2001 FOR AND ON BEHALF OF HUTCHISON WHAMPOA LIMITED By: /s/ Susan Chow -------------------------------- Name: Susan Chow Title: Director FOR AND ON BEHALF OF FORTHCOMING ERA LIMITED By: /s/ Susan Chow -------------------------------- Name: Susan Chow Title: Director FOR AND ON BEHALF OF ULTIMATE PIONEER LIMITED By: /s/ Susan Chow -------------------------------- Name: Susan Chow Title: Director 6 FOR AND ON BEHALF OF CHEUNG KONG (HOLDINGS) LIMITED By: /s/ Ip Tak Chuen, Edmond ------------------------------- Name: Ip Tak Chuen, Edmond Title: Director FOR AND ON BEHALF OF PRIME PRO GROUP LIMITED By: /s/ Ip Tak Chuen, Edmond --------------------------- Name: Ip Tak Chuen, Edmond Title: Director FOR AND ON BEHALF OF POTTON RESOURCES LIMITED By: /s/ Ip Tak Chuen, Edmond --------------------------- Name: Ip Tak Chuen, Edmond Title: Director 7 -----END PRIVACY-ENHANCED MESSAGE-----