-----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, UKIYGGf6uQuEMR8REZ+ltEx3jp+CODop3sbT1wGvwT8rGrGUWwbnpmboGwIysYQt 8EKWGPxeWPfc3QwUDv+Yug== 0000947871-03-001234.txt : 20030516 0000947871-03-001234.hdr.sgml : 20030516 20030516144356 ACCESSION NUMBER: 0000947871-03-001234 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20030516 GROUP MEMBERS: BRIDGE STREET FUND 1996, LP GROUP MEMBERS: GOLDMAN, SACHS &CO GROUP MEMBERS: GOLDMAN. SACHS &CO.OHG GROUP MEMBERS: GS ADVISORS II, LLC GROUP MEMBERS: GS ADVISORS, LLC GROUP MEMBERS: GS CAPITAL PARTNER II (GERMANY) CIVIL LAW PARTNERSHIP GROUP MEMBERS: GS CAPITAL PARTNERS II OFFSHORE, LP GROUP MEMBERS: GS CAPITAL PARTNERS II, LP GROUP MEMBERS: STONE STREET 1996, LLC GROUP MEMBERS: STONE STREET FUND 1996, LP GROUP MEMBERS: THE GOLDMAN SACHS GROUP, INC. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BACKWEB TECHNOLOGIES LTD CENTRAL INDEX KEY: 0001082064 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 512198508 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-56435 FILM NUMBER: 03708241 BUSINESS ADDRESS: STREET 1: 2077 GATEWAY PL STREET 2: SUITE 500 CITY: SAN JOSE STATE: CA ZIP: 95110 BUSINESS PHONE: 4089331763 MAIL ADDRESS: STREET 1: BACKWEB TECHNOLOGIES STREET 2: 2077 GATEWAY PL SUITE 500 CITY: SAN JOSE STATE: CA ZIP: 95110 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GOLDMAN SACHS GROUP INC/ CENTRAL INDEX KEY: 0000886982 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] IRS NUMBER: 134019460 STATE OF INCORPORATION: DE FISCAL YEAR END: 1128 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 85 BROAD ST CITY: NEW YORK STATE: NY ZIP: 10004 BUSINESS PHONE: 2129021000 MAIL ADDRESS: STREET 1: 85 BROAD ST CITY: NEW YORK STATE: NY ZIP: 10004 SC 13D/A 1 sc13da_051503-backweb.txt AMENDMENT NO. 3 TO SCHEDULE 13D SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D (Rule 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) Amendment No. 3 BackWeb Technologies Ltd. ---------------------------------- (Name of Issuer) Ordinary Shares ---------------------------------- (Title of Class of Securities) M15633106 ---------------------------------- (CUSIP Number) David J. Greenwald, Esq. Goldman, Sachs & Co. 85 Broad Street New York, New York 10004 (212) 902-1000 ------------------------------------------------------ (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) May 13, 2003 ------------------------------------------------------ (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 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: Page 1 of 40 - ----------------------------------------------- CUSIP No. M15633106 - ----------------------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Goldman, Sachs & Co. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |X| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION New York - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES BENEFICIALLY OWNED 0 BY EACH REPORTING ------------------------------------------------ PERSON WITH 8 SHARED VOTING POWER 44,406 ------------------------------------------------ 9 SOLE DISPOSITIVE POWER 0 ------------------------------------------------ 10 SHARED DISPOSITIVE POWER 44,406 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 44,406 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.1% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON BD-PN-IA - -------------------------------------------------------------------------------- Page 2 of 40 - ----------------------------------------------- CUSIP No. M15633106 - ----------------------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON The Goldman Sachs Group, Inc. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES BENEFICIALLY OWNED 29,478 BY EACH REPORTING ------------------------------------------------ PERSON WITH 8 SHARED VOTING POWER 44,406 ------------------------------------------------ 9 SOLE DISPOSITIVE POWER 29,478 ------------------------------------------------ 10 SHARED DISPOSITIVE POWER 44,406 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 73,884 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.2% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON HC-CO - -------------------------------------------------------------------------------- Page 3 of 40 - ----------------------------------------------- CUSIP No. M15633106 - ----------------------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON GS Capital Partners II, L.P. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES BENEFICIALLY OWNED 0 BY EACH REPORTING ------------------------------------------------ PERSON WITH 8 SHARED VOTING POWER 0 ------------------------------------------------ 9 SOLE DISPOSITIVE POWER 0 ------------------------------------------------ 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.0% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- Page 4 of 40 - ----------------------------------------------- CUSIP No. M15633106 - ----------------------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON GS Advisors, L.L.C. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES BENEFICIALLY OWNED 0 BY EACH REPORTING ------------------------------------------------ PERSON WITH 8 SHARED VOTING POWER 0 ------------------------------------------------ 9 SOLE DISPOSITIVE POWER 0 ------------------------------------------------ 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.0% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON OO - -------------------------------------------------------------------------------- Page 5 of 40 - ----------------------------------------------- CUSIP No. M15633106 - ----------------------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON GS Capital Partners II Offshore, L.P. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES BENEFICIALLY OWNED 0 BY EACH REPORTING ------------------------------------------------ PERSON WITH 8 SHARED VOTING POWER 0 ------------------------------------------------ 9 SOLE DISPOSITIVE POWER 0 ------------------------------------------------ 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.0% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- Page 6 of 40 - ----------------------------------------------- CUSIP No. M15633106 - ----------------------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON GS Advisors II, L.L.C. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES BENEFICIALLY OWNED 0 BY EACH REPORTING ------------------------------------------------ PERSON WITH 8 SHARED VOTING POWER 0 ------------------------------------------------ 9 SOLE DISPOSITIVE POWER 0 ------------------------------------------------ 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.0% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON OO - -------------------------------------------------------------------------------- Page 7 of 40 - ----------------------------------------------- CUSIP No. M15633106 - ----------------------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON GS Capital Partners II (Germany) Civil Law Partnership (with limitation of liability). - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Germany - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES BENEFICIALLY OWNED 0 BY EACH REPORTING ------------------------------------------------ PERSON WITH 8 SHARED VOTING POWER 0 ------------------------------------------------ 9 SOLE DISPOSITIVE POWER 0 ------------------------------------------------ 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.0% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- Page 8 of 40 - ----------------------------------------------- CUSIP No. M15633106 - ----------------------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Goldman, Sachs & Co. oHG - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Germany - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES BENEFICIALLY OWNED 0 BY EACH REPORTING ------------------------------------------------ PERSON WITH 8 SHARED VOTING POWER 0 ------------------------------------------------ 9 SOLE DISPOSITIVE POWER 0 ------------------------------------------------ 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.0% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- Page 9 of 40 - ----------------------------------------------- CUSIP No. M15633106 - ----------------------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Stone Street Fund 1996, L.P. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES BENEFICIALLY OWNED 0 BY EACH REPORTING ------------------------------------------------ PERSON WITH 8 SHARED VOTING POWER 0 ------------------------------------------------ 9 SOLE DISPOSITIVE POWER 0 ------------------------------------------------ 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.0% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- Page 10 of 40 - ----------------------------------------------- CUSIP No. M15633106 - ----------------------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Bridge Street Fund 1996, L.P. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES BENEFICIALLY OWNED 0 BY EACH REPORTING ------------------------------------------------ PERSON WITH 8 SHARED VOTING POWER 0 ------------------------------------------------ 9 SOLE DISPOSITIVE POWER 0 ------------------------------------------------ 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.0% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- Page 11 of 40 - ----------------------------------------------- CUSIP No. M15633106 - ----------------------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Stone Street 1996, L.L.C. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES BENEFICIALLY OWNED 0 BY EACH REPORTING ------------------------------------------------ PERSON WITH 8 SHARED VOTING POWER 0 ------------------------------------------------ 9 SOLE DISPOSITIVE POWER 0 ------------------------------------------------ 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.0% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON OO - -------------------------------------------------------------------------------- Page 12 of 40 AMENDMENT NO. 3 TO SCHEDULE 13D RELATING TO THE ORDINARY SHARES OF BACKWEB TECHNOLOGIES LTD. GS Capital Partners II, L.P. ("GS Capital II"), GS Capital Partners II Offshore, L.P. ("GS Offshore"), GS Capital Partners II (Germany) Civil Law Partnership ("GS Germany"), Stone Street Fund 1996, L.P. ("1996 Stone") and Bridge Street Fund 1996, L.P. ("1996 Bridge" and together with GS Capital II, GS Offshore, GS Germany and 1996 Stone, the "Limited Partnerships"), Stone Street 1996, L.L.C. ("Stone GP"), Goldman, Sachs & Co. ("Goldman Sachs"), GS Advisors, L.L.C. ("GS Advisors"), GS Advisors II, L.L.C. ("GS Advisors II"), Goldman, Sachs & Co. oHG ("GS oHG") and The Goldman Sachs Group, Inc. ("GS Group" and, together with Goldman Sachs, GS Advisors, GS Advisors II, GS oHG, Stone GP and the Limited Partnerships, the "Filing Persons")1 hereby amend and supplement the statement on Schedule 13D filed with respect to the Ordinary Shares, no par value (the "Ordinary Shares"), of BackWeb Technologies Ltd., an Israeli corporation (the "Company"), as amended by Amendment No. 1 thereto filed July 12, 1999 and Amended No. 2 thereto filed March 9, 2000 (as amended, the "Schedule 13D"). Goldman Sachs and GS Group may be deemed, for purposes of this Statement, to beneficially own Ordinary Shares held in client accounts with respect to which Goldman Sachs or employees of Goldman Sachs have voting or investment discretion, or both ("Managed Accounts"). Goldman Sachs and GS Group each disclaims beneficial ownership of Ordinary Shares held in Managed Accounts. Goldman Sachs and GS Group may also be deemed, for purposes of this Statement, to beneficially own from time to time Ordinary Shares acquired in ordinary course trading activities by Goldman Sachs. Unless otherwise indicated, all capitalized terms used but not defined herein shall have the same meaning ascribed to them in the Schedule 13D. Except as indicated herein, the information set forth in the Schedule 13D remains unchanged. - -------- 1 Neither the present filing nor anything contained herein shall be construed as an admission that any Filing Person constitutes a "person" for any purposes other than Section 13(d) of the Securities Exchange Act of 1934. Item 2. Identity and Background. ----------------------- Item 2 of the Schedule 13D is hereby amended by amending and restating Schedules I, II-A-i, II-A-ii, II-B-i and II-C thereto to read in their entirety as set forth in Schedules I, II-A-i, II-A-ii, II-B-i and II-C attached to this Amendment No. 3, respectively. Item 2 of the Schedule 13D is hereby further amended by adding thereto the disclosure set forth in Schedule IV attached to this Amendment No. 3. Page 13 of 40 Item 3. Source and Amount of Funds or Other Consideration. ------------------------------------------------- Item 3 of the Schedule 13D is hereby amended by adding the following at the end thereof: Schedule III attached to this Amendment No. 3 reflects the transactions in Ordinary Shares that have been effected during the period from March 14, 2003 through May 13, 2003, all of which were effected in the ordinary course of business of Goldman Sachs. The transactions reflected in Schedule III were transacted in The Nasdaq National Market or on the Pacific Exchange. The funds used for the purchase of Ordinary Shares in the ordinary course of business of Goldman Sachs came from working capital of Goldman Sachs. The funds used for the purchase of Ordinary Shares for Managed Accounts came from client funds. Item 4. Purpose of the Transaction. -------------------------- Item 4 of the Schedule 13D is amended by adding the following at the end thereof: On May 13, 2003, the Limited Partnerships entered into a Purchase Agreement, dated as of May 13, 2003 (the "Purchase Agreement") (a copy of which is attached hereto as Exhibit 99.13 and incorporated in its entirety by reference herein), with Special Situations Technology Fund, L.P. (the "Purchaser"), pursuant to which the Limited Partnerships sold to the Purchaser, and the Purchaser purchased from the Limited Partnerships, as of May 13, 2003, all of the Ordinary Shares owned by the Limited Partnerships in a privately negotiated transaction at a purchase price per share of $0.20. Item 5. Interest in Securities of the Issuer. ------------------------------------ Item 5 of the Schedule 13D is amended and restated in its entirety to read as follows: (a) As of May 13, 2003, Goldman Sachs may be deemed to beneficially own an aggregate of 44,406 Ordinary Shares, including (i) 43,128 Ordinary Shares held in Managed Accounts and (ii) 1,278 Ordinary Shares acquired in ordinary course trading activities, representing in the aggregate approximately 0.1% of the Ordinary Shares reported to be outstanding as of March 3, 2003 by the Company. Goldman Sachs disclaims beneficial ownership of the Ordinary Shares held in Managed Accounts. As of May 13, 2003, GS Group may be deemed to beneficially own an aggregate of 73,884 Ordinary Shares, including (i) 44,406 Ordinary Shares beneficially owned by Goldman Sachs as described above and (ii) 29,478 Ordinary Shares issuable upon exercise of vested stock options held by Joseph Gleberman, a Managing Director of Goldman Sachs, for the benefit of GS Group, representing in the aggregate approximately 0.2% of the Ordinary Shares reported to be outstanding as of March 3, 2003 by the Company. GS Group disclaims beneficial ownership of the Ordinary Shares held in Managed Accounts. Page 14 of 40 In accordance with the Securities and Exchange Commission (the "SEC") Release No. 34-39538 (January 12, 1998), this filing reflects the securities beneficially owned by the investment banking division ("IBD") of GS Group and its subsidiaries and affiliates (collectively, "GSG"). This filing does not reflect securities, if any, beneficially owned by any other operating unit of GSG. IBD disclaims beneficial ownership of the securities beneficially owned by (i) any client accounts with respect to which IBD or its employees have voting or investment discretion, or both and (ii) certain investment entities, of which IBD is the general partner, managing general partner or other manager, to the extent interests in such entities are held by persons other than IBD. None of the Filing Persons or, to the knowledge of the Filing Persons, any of the persons listed on Schedules I, II-A-i, II-A-ii, II-B-i, II-B-ii or II-C hereto, beneficially owns any Ordinary Shares other than as set forth herein. (b) Each Filing Person shares the power to dispose or to direct the disposition of Ordinary Shares beneficially owned by such Filing Person as indicated in pages two through twelve above. (c) In addition to the transactions reported pursuant to Item 4 above, Schedule III attached to this Amendment No. 3 reflects the transactions in Ordinary Shares that have been effected during the period from March 14, 2003 through May 13, 2003, all of which were effected in the ordinary course of business of Goldman Sachs. The transactions reflected in Schedule III were transacted in The Nasdaq National Market or on the Pacific Exchange. Except as set forth in Item 4 above or in Schedule III, no transactions in the Ordinary Shares were effected by the Filing Persons, or, to the knowledge of any of the Filing Persons, any of the persons listed on Schedules I, II-A-i, II-A-ii, II-B-i, II-B-ii or II-C hereto, during the period from March 14, 2003 through May 13, 2003. (d) Except for clients of Goldman Sachs who may have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, any Ordinary Shares held in Managed Accounts, no other person is known by any Filing Person to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, any Ordinary Shares beneficially owned by any Filing Person. (e) The Filing Persons ceased to be beneficial owners of more than five percent of the outstanding Ordinary Shares as of May 13, 2003. Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to the Securities of the Issuer. -------------------------------------------- Item 6 of the Schedule 13D is amended by adding the following at the end thereof: On May 13, 2003, the Limited Partnerships entered into the Purchase Agreement with the Purchaser, pursuant to which the Limited Partnerships sold to the Purchaser, and the Purchaser purchased from the Limited Partnerships, as of May 13, 2003, all of the Ordinary Shares owned Page 15 of 40 by the Limited Partnerships in a privately negotiated transaction at a purchase price per share of $0.20. The foregoing description of the Purchase Agreement is qualified in its entirety by reference to the Purchase Agreement, a copy of which is filed as Exhibit 99.13 hereto and is incorporated herein by reference. Item 7. Material to be Filed as Exhibits. -------------------------------- Item 7 of the Schedule 13D is amended by adding the following at the end thereof: Exhibit No. Exhibit - ----------- ------- 99.13 Purchase Agreement, dated as of May 13, 2003, among Special Situations Technology Fund, L.P., GS Capital Partners II, L.P., GS Capital Partners II Offshore, L.P., Goldman, Sachs & Co. Verwaltungs GmbH, Bridge Street Fund 1996, L.P. and Stone Street Fund 1996, L.P. 99.14 Power of Attorney, dated as of January 6, 2003, relating to Goldman, Sachs & Co. 99.15 Power of Attorney, dated as of January 6, 2003, relating to The Goldman Sachs Group, Inc. 99.16 Power of Attorney, dated as of November 5, 2000, relating to GS Capital Partners II (Germany) Civil Law Partnership. 99.17 Power of Attorney, dated as of March 21, 2003, relating to Goldman, Sachs & Co. oHG. Page 16 of 40 SIGNATURE After reasonable inquiry and to the best of its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Date: May 15, 2003 GOLDMAN, SACHS & CO. By: /s/ Roger S. Begelman ---------------------------------- Name: Roger S. Begelman Title: Attorney-in-fact THE GOLDMAN SACHS GROUP, INC. By: /s/ Roger S. Begelman ---------------------------------- Name: Roger S. Begelman Title: Attorney-in-fact GS CAPITAL PARTNERS II, L.P. By: /s/ Roger S. Begelman ---------------------------------- Name: Roger S. Begelman Title: Attorney-in-fact GS ADVISORS, L.L.C. By: /s/ Roger S. Begelman ---------------------------------- Name: Roger S. Begelman Title: Attorney-in-fact GS CAPITAL PARTNERS II OFFSHORE, L.P. By: /s/ Roger S. Begelman ---------------------------------- Name: Roger S. Begelman Title: Attorney-in-fact GS ADVISORS II, L.L.C. By: /s/ Roger S. Begelman ---------------------------------- Name: Roger S. Begelman Title: Attorney-in-fact Page 17 of 40 STONE STREET 1996, L.L.C. By: /s/ Roger S. Begelman ---------------------------------- Name: Roger S. Begelman Title: Attorney-in-fact STONE STREET FUND 1996, L.P. By: /s/ Roger S. Begelman ---------------------------------- Name: Roger S. Begelman Title: Attorney-in-fact BRIDGE STREET FUND 1996, L.P. By: /s/ Roger S. Begelman ---------------------------------- Name: Roger S. Begelman Title: Attorney-in-fact GOLDMAN, SACHS & CO. OHG By: /s/ Roger S. Begelman ---------------------------------- Name: Roger S. Begelman Title: Attorney-in-fact GS CAPITAL PARTNERS II (GERMANY) CIVIL LAW PARTNERSHIP By: /s/ Roger S. Begelman ---------------------------------- Name: Roger S. Begelman Title: Attorney-in-fact Page 18 of 40 Schedule I The name of each director of The Goldman Sachs Group, Inc. is set forth below. The business address of each person listed below is c/o Goldman, Sachs & Co., 85 Broad Street, New York, NY 10004. Each person is a citizen of the United States of America except for Lord Browne of Madingley, who is a citizen of the United Kingdom. The present principal occupation or employment of each of the listed persons is set forth below. Name Present Principal Occupation - -------------------------------------------------------------------------------- Henry M. Paulson, Jr. Chairman and Chief Executive Officer of The Goldman Sachs Group, Inc. John A. Thain President and Co-Chief Operating Officer of The Goldman Sachs Group, Inc. Lloyd C. Blankfein Vice Chairman of The Goldman Sachs Group, Inc. Lord Browne of Madingley Group Chief Executive of BP plc John H. Bryan Retired Chairman and Chief Executive Officer of Sara Lee Corporation William W. George Retired Chairman and Chief Executive Officer of Medtronic, Inc. James A. Johnson Vice Chairman of Perseus, L.L.C. Ruth J. Simmons President of Brown University Page 19 of 40 Schedule II-A-i The name, position and present principal occupation of each executive officer of GS Advisors, L.L.C., the sole general partner of GS Capital Partners II, L.P. and the name, position and present principal occupation of each executive officer of GS Advisors II, L.L.C., the sole general partner of GS Capital Partners II Offshore, L.P., are set forth below. The business address for all the executive officers listed below is 85 Broad Street, New York, New York 10004, except as follows: The business address of Richard S. Sharp, Antoine L. Schwartz, Hughes B. Lepic, Stephen S. Trevor, Atul Kapur, Robert G. Doumar, Jr. and Ulrika Werdelin is Peterborough Court, 133 Fleet Street, London EC4A 2BB, England. The business address of Mary Nee is Cheung Kong Center, 68th Floor, 2 Queens Road, Central, Hong Kong. The business address of Joseph P. DiSabato is 555 California Street, 45th Floor, San Francisco, CA 94104. The business address of Muneer A. Satter is 4900 Sears Tower, Chicago, IL 60606. All executive officers listed below are United States citizens, except as follows: Richard S. Sharp is a citizen of the United Kingdom. Sanjeev K. Mehra is a citizen of India. Atul Kapur is a citizen of Singapore. Antoine L. Schwartz and Hughes B. Lepic are citizens of France. Adrian M. Jones is a citizen of Ireland. Ulrika Werdelin is a citizen of Sweden.
Name Position Present Principal Occupation - ---------------------------------------------------------------------------------------------------- Richard A. Friedman President Managing Director of Goldman, Sachs & Co. Joseph H. Gleberman Vice President Managing Director of Goldman, Sachs & Co. Terence M. O'Toole Vice President Managing Director of Goldman, Sachs & Co. Henry Cornell Vice President Managing Director of Goldman, Sachs & Co. Richard S. Sharp Vice President Managing Director of Goldman Sachs International Esta E. Stecher Assistant Secretary Managing Director of Goldman, Sachs & Co. Sanjeev K. Mehra Vice President Managing Director of Goldman, Sachs & Co. Muneer A. Satter Vice President Managing Director of Goldman, Sachs & Co.
Page 20 of 40
Antoine L. Schwartz Vice President Managing Director of Goldman Sachs International Steven M. Bunson Assistant Secretary Managing Director of Goldman, Sachs & Co. Elizabeth C. Fascitelli Treasurer Managing Director of Goldman, Sachs & Co. David J. Greenwald Assistant Secretary Managing Director of Goldman, Sachs & Co. David M. Weil Assistant Treasurer Managing Director of Goldman, Sachs & Co. Hughes B. Lepic Vice President Managing Director of Goldman Sachs International Russell E. Makowsky Assistant Secretary Managing Director of Goldman, Sachs & Co. Sarah G. Smith Assistant Treasurer Managing Director of Goldman, Sachs & Co. Randall A. Blumenthal Vice President Managing Director of Goldman, Sachs & Co. Gerald J. Cardinale Vice President Managing Director of Goldman, Sachs & Co. Douglas F. Londal Vice President Managing Director of Goldman, Sachs & Co. Stephen S. Trevor Vice President Managing Director of Goldman Sachs International Abraham Bleiberg Vice President Managing Director of Goldman, Sachs & Co. Joseph P. DiSabato Vice President Managing Director of Goldman, Sachs & Co. Robert R. Gheewalla Vice President Managing Director of Goldman, Sachs & Co. Atul Kapur Vice President Managing Director of Goldman Sachs International
Page 21 of 40
Robert G. Doumar, Jr. Vice President Managing Director of Goldman Sachs International Ben I. Adler Vice President Managing Director of Goldman, Sachs & Co. Melina E. Higgins Vice President Managing Director of Goldman, Sachs & Co. Elizabeth C. Marcellino Vice President Managing Director of Goldman, Sachs & Co. Adrian M. Jones Vice President Managing Director of Goldman, Sachs & Co. Katherine B. Enquist Vice President/Secretary Managing Director of Goldman, Sachs & Co. John E. Bowman Vice President Vice President of Goldman, Sachs & Co. James B. McHugh Assistant Secretary Vice President of Goldman, Sachs & Co. Beverly L. O'Toole Assistant Secretary Vice President of Goldman, Sachs & Co. Mitchell S. Weiss Vice President Vice President of Goldman, Sachs & Co. Mary Nee Vice President Executive Director of Goldman Sachs (Asia) L.L.C. Ulrika Werdelin Vice President Executive Director of Goldman Sachs International
Page 22 of 40 Schedule II-A-ii The name and principal occupation of each member of the Principal Investment Area Investment Committee of Goldman, Sachs & Co., which exercises the authority of Goldman, Sachs & Co. in managing GS Advisors, L.L.C. and GS Advisors II, L.L.C., are set forth below. The business address for each member listed below is 85 Broad Street, New York, New York 10004, except as follows: The business address of Richard S. Sharp and Antoine L. Schwartz is Peterborough Court, 133 Fleet Street, London EC4A 2BB, England. The business address of Gene T. Sykes is Fox Plaza, Suite 2600, 2121 Avenue of the Stars, Los Angeles, CA 90067. The business address of Muneer A. Satter is 4900 Sears Tower, Chicago, IL 60606. All members listed below are United States citizens, except as follows: Richard S. Sharp is a citizen of the United Kingdom, Sanjeev K. Mehra is a citizen of India and Antoine L. Schwartz is a citizen of France. Name Present Principal Occupation - -------------------------------------------------------------------------------- Peter M. Sacerdote Advisory Director of Goldman, Sachs & Co. Richard A. Friedman Managing Director of Goldman, Sachs & Co. Joseph H. Gleberman Managing Director of Goldman, Sachs & Co. Terence M. O'Toole Managing Director of Goldman, Sachs & Co. Gene T. Sykes Managing Director of Goldman, Sachs & Co. Henry Cornell Managing Director of Goldman, Sachs & Co. Robert V. Delaney Managing Director of Goldman, Sachs & Co. Richard S. Sharp Managing Director of Goldman Sachs International Sanjeev K. Mehra Managing Director of Goldman, Sachs & Co. Muneer A. Satter Managing Director of Goldman, Sachs & Co. Robert V. Delaney Managing Director of Goldman, Sachs & Co. Peter G. Sachs Senior Director of The Goldman Sachs Group, Inc. Antoine L. Schwartz Managing Director of Goldman Sachs International Page 23 of 40 Schedule II-B-i The name, position and present principal occupation of each executive officer of Stone Street 1996, L.L.C., the sole general partner of Stone Street Fund 1996, L.P. and the managing general partner of Bridge Street Fund 1996, L.P., are set forth below. The business address for all the executive officers listed below is 85 Broad Street, New York, New York 10004, except as follows: The business address of Richard S. Sharp, Antoine L. Schwartz, Hughes B. Lepic, Stephen S. Trevor, Atul Kapur, Robert G. Doumar, Jr. and Ulrika Werdelin is Peterborough Court, 133 Fleet Street, London EC4A 2BB, England. The business address of Mary Nee is Cheung Kong Center, 68th Floor, 2 Queens Road, Central, Hong Kong. The business address of Joseph P. DiSabato is 555 California Street, 45th Floor, San Francisco, CA 94104. The business address of Muneer A. Satter is 4900 Sears Tower, Chicago, IL 60606. All executive officers listed below are United States citizens, except as follows: Richard S. Sharp is a citizen of the United Kingdom. Sanjeev K. Mehra is a citizen of India. Atul Kapur is a citizen of Singapore. Antoine L. Schwartz and Hughes B. Lepic are citizens of France. Adrian M. Jones is a citizen of Ireland. Ulrika Werdelin is a citizen of Sweden.
Name Position Present Principal Occupation - ----------------------------------------------------------------------------------------------------------- Peter M. Sacerdote Chairman/President Advisory Director of Goldman, Sachs & Co. Peter G. Sachs Vice President Senior Director of The Goldman Sachs Group, Inc. Richard A. Friedman Vice President Managing Director of Goldman, Sachs & Co. Joseph H. Gleberman Vice President Managing Director of Goldman, Sachs & Co Terence M. O'Toole Vice President Managing Director of Goldman, Sachs & Co. Henry Cornell Vice President Managing Director of Goldman, Sachs & Co. Richard S. Sharp Vice President Managing Director of Goldman Sachs International Esta E. Stecher Vice President/ Assistant Secretary Managing Director of Goldman, Sachs & Co.
Page 24 of 40
Sanjeev K. Mehra Vice President/Treasurer Managing Director of Goldman, Sachs & Co. Muneer A. Satter Vice President Managing Director of Goldman, Sachs & Co. Antoine L. Schwartz Vice President Managing Director of Goldman, Sachs International Steven M. Bunson Assistant Secretary Managing Director of Goldman, Sachs & Co. Elizabeth C. Fascitelli Vice President Managing Director of Goldman, Sachs & Co. David M. Weil Assistant Treasurer Managing Director of Goldman, Sachs & Co. David J. Greenwald Vice President/ Assistant Secretary Managing Director of Goldman, Sachs & Co. Hughes B. Lepic Vice President Managing Director of Goldman, Sachs International Russell E. Makowsky Assistant Secretary Managing Director of Goldman, Sachs & Co. Sarah G. Smith Assistant Treasurer Managing Director of Goldman, Sachs & Co. Randall A. Blumenthal Vice President Managing Director of Goldman, Sachs & Co. Douglas F. Londal Vice President Managing Director of Goldman, Sachs & Co. Stephen S. Trevor Vice President Managing Director of Goldman, Sachs International Abraham Bleiberg Vice President Managing Director of Goldman, Sachs & Co. Joseph P. DiSabato Vice President Managing Director of Goldman, Sachs & Co. Robert R. Gheewalla Vice President Managing Director of Goldman, Sachs & Co.
Page 25 of 40
Atul Kapur Vice President Managing Director of Goldman, Sachs International Robert G. Doumar, Jr. Vice President Managing Director of Goldman, Sachs International Ben I. Adler Vice President Managing Director of Goldman, Sachs & Co. Melina E. Higgins Vice President Managing Director of Goldman, Sachs & Co. Elizabeth C. Marcellino Vice President Managing Director of Goldman, Sachs & Co. John E. Bowman Vice President Vice President of Goldman, Sachs & Co. Raymond G. Matera Vice President Vice President of Goldman, Sachs & Co. Katherine B. Enquist Vice President/Secretary Managing Director of Goldman, Sachs & Co. James B. McHugh Assistant Secretary Vice President of Goldman, Sachs & Co. Beverly L. O'Toole Assistant Secretary Vice President of Goldman, Sachs & Co. Mitchell S. Weiss Vice President Vice President of Goldman, Sachs & Co. Mary Nee Vice President Executive Director of Goldman, Sachs (Asia) L.L.C. Richard J. Stingi Vice President Vice President of Goldman, Sachs & Co. Ulrika Werdelin Vice President Executive Director of Goldman, Sachs International Gerald J. Cardinale Vice President Managing Director of Goldman, Sachs & Co. Adrian M. Jones Vice President Managing Director of Goldman, Sachs & Co.
Page 26 of 40 Schedule II-C The name, position and present principal occupation of each executive officer and director of Goldman, Sachs & Co. Finanz GmbH which is the sole managing general partner of Goldman, Sachs & Co. oHG are set forth below. The business address for each of the executive officers and directors listed below is MesseTurm, 60308 Frankfurt am Main, Germany. The executive officers and directors listed below are citizens of Germany except Wayne L. Moore, who is a citizen of the United States.
Name Position Present Principal Occupation - ---------------------------------------------------------------------------------------------------- Andreas Koernlein Managing Director Managing Director of Goldman, Sachs & Co. oHG Wayne L. Moore Managing Director Managing Director of Goldman, Sachs & Co. oHG Alexander C. Dibelius Managing Director Managing Director of Goldman, Sachs & Co. oHG Carsten Kengeter Managing Director Managing Director of Goldman, Sachs & Co. oHG
Page 27 of 40 Schedule III Purchases Sales Price Trade Date Settlement Date --------- ----- ----- ---------- --------------- 100 0.22 3/14/2003 3/19/2003 300 0.22 3/14/2003 3/19/2003 400 0.22 3/14/2003 3/19/2003 1000 0.2 3/17/2003 3/20/2003 1000 0.2 3/17/2003 3/20/2003 1000 0.2 3/17/2003 3/20/2003 300 0.23 3/19/2003 3/24/2003 500 0.23 3/19/2003 3/24/2003 94 0.23 3/19/2003 3/24/2003 200 0.21 3/21/2003 3/26/2003 100 0.21 3/21/2003 3/26/2003 200 0.23 3/27/2003 4/1/2003 500 0.24 3/27/2003 4/1/2003 400 0.24 3/31/2003 4/3/2003 200 0.24 3/31/2003 4/3/2003 5000 0.24 3/31/2003 4/3/2003 200 0.233 4/1/2003 4/4/2003 100 0.233 4/3/2003 4/8/2003 1000 0.25 4/3/2003 4/8/2003 2000 0.26 4/3/2003 4/8/2003 200 0.28 4/4/2003 4/9/2003 1500 0.28 4/4/2003 4/9/2003 1500 0.28 4/4/2003 4/9/2003 100 0.26 4/4/2003 4/9/2003 100 0.28 4/4/2003 4/9/2003 100 0.28 4/4/2003 4/9/2003 100 0.28 4/4/2003 4/9/2003 2200 0.24 4/4/2003 4/9/2003 2200 0.24 4/4/2003 4/9/2003 300 0.24 4/4/2003 4/9/2003 300 0.24 4/4/2003 4/9/2003 100 0.28 4/4/2003 4/9/2003 200 0.28 4/4/2003 4/9/2003 200 0.26 4/8/2003 4/11/2003 50 0.26 4/8/2003 4/11/2003 700 0.31 4/14/2003 4/17/2003 700 0.31 4/14/2003 4/17/2003 500 0.28 4/15/2003 4/21/2003 200 0.28 4/15/2003 4/21/2003 200 0.28 4/15/2003 4/21/2003 1000 0.29 4/16/2003 4/22/2003 500 0.27 4/17/2003 4/23/2003 2200 0.27 4/17/2003 4/23/2003 Page 28 of 40 1700 0.27 4/17/2003 4/23/2003 1700 0.27 4/17/2003 4/23/2003 1700 0.27 4/17/2003 4/23/2003 500 0.28 4/17/2003 4/23/2003 500 0.28 4/17/2003 4/23/2003 1700 0.27 4/17/2003 4/23/2003 100 0.33 4/23/2003 4/28/2003 1000 0.33 4/23/2003 4/28/2003 975 0.33 4/23/2003 4/28/2003 975 0.33 4/23/2003 4/28/2003 1325 0.33 4/23/2003 4/28/2003 1325 0.33 4/23/2003 4/28/2003 1700 0.32 4/23/2003 4/28/2003 1700 0.32 4/23/2003 4/28/2003 100 0.38 4/24/2003 4/29/2003 100 0.38 4/24/2003 4/29/2003 300 0.38 4/24/2003 4/29/2003 100 0.38 4/24/2003 4/29/2003 4000 0.36 4/24/2003 4/29/2003 4000 0.36 4/24/2003 4/29/2003 200 0.37 4/24/2003 4/29/2003 200 0.37 4/24/2003 4/29/2003 1500 0.38 4/24/2003 4/29/2003 1500 0.38 4/24/2003 4/29/2003 900 0.38 4/24/2003 4/29/2003 900 0.38 4/24/2003 4/29/2003 200 0.37 4/24/2003 4/29/2003 300 0.39 4/25/2003 4/30/2003 5000 0.39 4/25/2003 4/30/2003 5000 0.39 4/25/2003 4/30/2003 1900 0.39 4/25/2003 4/30/2003 1900 0.39 4/25/2003 4/30/2003 200 0.38 4/29/2003 5/2/2003 100 0.38 5/1/2003 5/6/2003 4600 0.38 5/1/2003 5/6/2003 4600 0.38 5/1/2003 5/6/2003 2300 0.38 5/1/2003 5/6/2003 2300 0.38 5/1/2003 5/6/2003 200 0.37 5/2/2003 5/7/2003 200 0.37 5/2/2003 5/7/2003 800 0.37 5/2/2003 5/7/2003 128 0.37 5/2/2003 5/7/2003 200 0.4 5/5/2003 5/8/2003 1000 0.39 5/5/2003 5/8/2003 100 0.37 5/5/2003 5/8/2003 200 0.37 5/5/2003 5/8/2003 1000 0.39 5/12/2003 5/15/2003 200 0.38 5/12/2003 5/15/2003 Page 29 of 40 1000 0.44 5/13/2003 5/16/2003 1350 0.45 5/13/2003 5/16/2003 1700 0.45 5/13/2003 5/16/2003 600 0.45 5/13/2003 5/16/2003 50 0.44 5/13/2003 5/16/2003 600 0.45 5/13/2003 5/16/2003 600 0.45 5/13/2003 5/16/2003 600 0.45 5/13/2003 5/16/2003 600 0.45 5/13/2003 5/16/2003 50 0.45 5/13/2003 5/16/2003 600 0.45 5/13/2003 5/16/2003 600 0.45 5/13/2003 5/16/2003 600 0.45 5/13/2003 5/16/2003 1000 0.44 5/13/2003 5/16/2003 100 0.44 5/13/2003 5/16/2003 100 0.44 5/13/2003 5/16/2003 3150 0.44 5/13/2003 5/16/2003 3150 0.44 5/13/2003 5/16/2003 800 0.44 5/13/2003 5/16/2003 800 0.44 5/13/2003 5/16/2003 700 0.43 5/13/2003 5/16/2003 700 0.43 5/13/2003 5/16/2003 50 0.43 5/13/2003 5/16/2003 1000 0.42 5/13/2003 5/16/2003 1000 0.42 5/13/2003 5/16/2003 500 0.429 5/13/2003 5/16/2003 500 0.429 5/13/2003 5/16/2003 500 0.43 5/13/2003 5/16/2003 500 0.43 5/13/2003 5/16/2003 4100 0.43 5/13/2003 5/16/2003 4100 0.43 5/13/2003 5/16/2003 100 0.43 5/13/2003 5/16/2003 100 0.43 5/13/2003 5/16/2003 500 0.43 5/13/2003 5/16/2003 500 0.43 5/13/2003 5/16/2003 3300 0.43 5/13/2003 5/16/2003 3300 0.43 5/13/2003 5/16/2003 100 0.43 5/13/2003 5/16/2003 500 0.43 5/13/2003 5/16/2003 2300 0.38 5/1/2003 5/6/2003 2300 0.39 5/2/2003 5/7/2003 Page 30 of 40 Schedule IV On April 6, 2000, in connection with an industry-wide investigation by the Securities and Exchange Commission (the "SEC") relating to the pricing of government securities in advance refunding transactions, Goldman, Sachs & Co. ("Goldman Sachs") joined in a global settlement resolving the SEC investigation as well as a related qui tam lawsuit purportedly brought on behalf of the United States entitled United States ex rel. Lissack v. Goldman, Sachs & Co., et al., 95 Civ. 1363 (S.D.N.Y.)(BSJ). Pursuant to the settlement, without admitting or denying the findings, Goldman Sachs consented to the issuance of an SEC administrative order (SEA Rel. No. 42640) which, among other things, found that Goldman Sachs had violated Sections 17(a)(2) and (3) of the Securities Act of 1933 in connection with such pricing of government securities, required Goldman Sachs to cease and desist from violating such provisions, and ordered Goldman Sachs to make payments totaling approximately $5.1 Million to the U.S. Treasury and $104,000 to two municipalities. Under the global settlement, the qui tam lawsuit was dismissed with prejudice, and the Internal Revenue Service agreed not to challenge the tax-free nature of the refundings by virtue of the pricing of such securities. In November 2002, the SEC, the National Association of Securities Dealers ("NASD") and the New York Stock Exchange, Inc. ("NYSE") alleged that five broker dealers, including Goldman Sachs, violated Section 17(a) of the Exchange Act and Rule 17a-4 hereunder, NYSE Rules 440 and 342 and NASD Rules 3010 and 3110 by allegedly failing to preserve electronic mail communications for three years and/or to preserve electronic mail communications for the first two years in an accessible place, and by allegedly having inadequate supervisory systems and procedures in relation to the retention of electronic mail communications. Without admitting or denying the allegations, the five broker dealers, including Goldman Sachs, consented to censure by the SEC, NASD and NYSE and to the imposition of a cease-and-desist order by the SEC and Goldman Sachs paid a total fine of $1,650,000 ($550,000 each to the SEC, NASD and NYSE). Goldman Sachs also undertook to review its procedures regarding the preservation of electronic mail communications for compliance with the federal securities laws and regulations and the rules of the NASD and NYSE, and to confirm within a specified period of time that it has established systems and procedures reasonably designed to achieve compliance with those laws, regulations and rules. Page 31 of 40 Exhibit 99.13 PURCHASE AGREEMENT PURCHASE AGREEMENT, dated as of May 13, 2003 (this "Agreement"), among Special Situations Technology Fund, L.P. as purchaser (the "Purchaser"), and GS Capital Partners II, L.P., GS Capital Partners II Offshore, L.P., Goldman, Sachs & Co. Verwaltungs GmbH, Bridge Street Fund 1996, L.P., and Stone Street Fund 1996, L.P. as sellers (collectively, the "Sellers"). RECITALS: --------- WHEREAS, each Seller is the sole owner and holder of the number of shares of common stock of Backweb Technologies Ltd. (the "Company") set forth opposite such Seller's name in Schedule A hereto (collectively, the "Securities"); and WHEREAS, Sellers desire to sell, and Purchaser desires to purchase, the Securities, in each case upon the terms and conditions of this Agreement; NOW THEREFORE, the parties hereby agree as follows: AGREEMENT: ---------- Section 1. Purchase and Sale of Securities. (a) Simultaneously with the execution and delivery of this Agreement: (i) Each Seller hereby sells, conveys, transfers and delivers to Purchaser the type and amount of Securities set forth opposite such Seller's name in Schedule A hereto; and (ii) Purchaser hereby purchases from Sellers all such Securities, including all rights to dividends, distributions or interest, if any. Purchaser shall pay a purchase price in respect of such Securities in cash as set forth opposite Seller's name in Schedule A hereto; and (iii) Sellers shall deliver to Purchaser the certificates evidencing the Securities as set forth on Schedule A duly endorsed for transfer to Purchaser's order or accompanied by stock or bond powers or other appropriate instruments of transfer duly executed to Purchaser's order. Section 2. Representations and Warranties of Sellers. Sellers, jointly and severally, hereby represent and warrant to Purchaser as follows: Page 32 of 40 (a) Title to Securities. Each Seller is the sole legal, beneficial and record owner of the Securities being sold by it hereunder, and has good and marketable title thereto, free and clear of any claim, lien, pledge, option, charge, security interest or encumbrance of any nature whatsoever, including without limitation any agreements restricting the transferability of the Securities (collectively, "Encumbrances"), and will transfer such good and marketable title to Purchaser, free and clear of any Encumbrance. (b) Capacity; Execution and Delivery, Etc. Sellers, having full legal capacity to do so, have duly executed and delivered this Agreement and this Agreement constitutes the legal, valid and binding obligation of Sellers, enforceable against them in accordance with its terms. Neither the execution or delivery of this Agreement, nor the fulfillment of or compliance with the terms and provisions of this Agreement, will violate the terms of any other agreement, instrument, judgment, decree, statute or regulation to which any Seller is subject. No consent, approval, permission or other authorization of or by, or designation, declaration, filing, registration or qualification with, any Federal or state court, administrative agency, other governmental authority or any other person or entity is required by any Seller in connection with the execution, delivery or performance of this Agreement or such authorization by such person or entity. Section 3. Representations of Purchaser. Purchaser hereby represents and warrants to Sellers as follows: (a) Capacity; Execution and Delivery, Etc. Purchaser, having full legal capacity to do so, has duly executed and delivered this Agreement and this Agreement constitutes the legal, valid and binding obligation of Purchaser enforceable against Purchaser in accordance with its terms. Neither the execution or delivery of this Agreement, nor the fulfillment of or compliance with the terms and provisions of this Agreement, will violate the terms of any agreement, instrument, judgment, decree or statute to which Purchaser is subject. No consent, approval, permission or other authorization of or by, or designation, declaration, filing, registration or qualification with, any Federal or state court, administrative agency, other governmental authority or any other person or entity is required by Purchaser in connection with the execution, delivery or performance of this Agreement or such authorization by such person or entity. (b) Investment Intention. Purchaser represents that it is acquiring the Securities for its own account and not with a view to the distribution thereof in violation of applicable federal securities laws. Purchaser, by reason of its knowledge and experience in financial and business matters in general and investments in particular, is capable of evaluating the risks and merits of acquiring the Securities. Purchaser is an "accredited investor" as such term is defined in Rule 501(a) promulgated under the Securities Act of 1933. (c) No Withholding. Purchaser will not withhold any amounts required to be paid to Sellers under this Agreement on account of any taxes of any kind whatsoever. Section 4. Miscellaneous. (a) Expenses. Transfer taxes in connection with the transactions contemplated by this Agreement (if any) shall be borne by Purchaser. Except for such transfer taxes, each party will be liable for its own costs and expenses incurred in connection with the negotiation, preparation, execution or performance of this Agreement. Page 33 of 40 (b) Governing Law. This Agreement and all matters arising in connection with this Agreement shall be governed by, and construed and enforced in accordance with, the law of the State of New York without reference to its conflict of laws provisions. (c) Amendments. This Agreement may not be changed orally, but only by an agreement in writing signed by the party against whom enforcement is sought. (d) Headings. The descriptive headings of the several paragraphs of this Agreement are inserted for convenience only and do not constitute a part of this Agreement. (e) Counterparts. This Agreement may be executed simultaneously in two or more counterparts, each of which shall be deemed an original, and it shall not be necessary in making proof of this Agreement to produce or account for more than one such counterpart. (f) Further Assurances. Each of the parties hereto agrees, at its own cost and expense, to execute and deliver, or to cause to be executed and delivered, all such instruments (including all necessary endorsements) and to take all such action as the other party may reasonably request in order to (i) effectuate the intent and purposes of, and to carry out the terms of this Agreement, and (ii) further effect the transfer of legal, beneficial and record ownership of the Securities to Purchaser. (g) No Other Representations. EXCEPT AS EXPRESSLY SET FORTH IN SECTION 2 OR 3 OF THIS AGREEMENT, NO PARTY IS MAKING ANY OTHER REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, TO ANY OTHER PARTY WITH RESPECT TO THE SECURITIES OR THE COMPANY. Page 34 of 40 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written. SELLERS: -------- GS CAPITAL PARTNERS II, L.P. By: GS Advisors, L.L.C., its general partner By: /s/ John E. Bowman ----------------------------------------- Name: John E. Bowman Title: Vice President GS CAPITAL PARTNERS II Offshore, L.P. By: GS Advisors II, L.L.C., its general partner By: /s/ John E. Bowman ----------------------------------------- Name: John E. Bowman Title: Vice President GOLDMAN, SACHS & CO. VERWALTUNGS GmbH By: /s/ John E. Bowman ----------------------------------------- Name: John E. Bowman Title: Managing Director BRIDGE STREET FUND 1996, L.P. By: Bridge Street 1996, L.L.C., its general partner By: /s/ John E. Bowman ----------------------------------------- Name: John E. Bowman Title: Vice President STONE STREET FUND 1996, L.P. By: Stone Street 1996, L.L.C., its general partner By: /s/ John E. Bowman ----------------------------------------- Name: John E. Bowman Title: Vice President PURCHASER: ---------- SPECIAL SITUATIONS TECHNOLOGY FUND, L.P. By: /s/ Austin Marxe ----------------------------------------- Name: Austin Marxe Title: Managing Director Page 35 of 40 SCHEDULE A
- ------------------------------------------------------------------------------------------------------------------------ Type(s) of Number of Seller Securities Shares of Price Securities - ------------------------------------------------------------------------------------------------------------------------ GS Capital Partners II, L.P. Common Stock 1,955,591 $ 391,118.20 - ------------------------------------------------------------------------------------------------------------------------ GS Capital Partners II Offshore, L.P. Common Stock 777,427 155,485.40 - ------------------------------------------------------------------------------------------------------------------------ Goldman, Sachs & Co. Verwaltungs GmbH Common Stock 72,132 14,426.40 - ------------------------------------------------------------------------------------------------------------------------ Bridge Street Fund 1996, L.P. Common Stock 278,594 55,718.80 - ------------------------------------------------------------------------------------------------------------------------ Stone Street Fund 1996, L.P. Common Stock 188,932 37,786.40 - ------------------------------------------------------------------------------------------------------------------------ Total: 3,272,676 $ 654,535.20 - ------------------------------------------------------------------------------------------------------------------------
Page 36 of 40 EXHIBIT 99.14 POWER OF ATTORNEY KNOW ALL PERSONS BY THESE PRESENTS that GOLDMAN, SACHS & CO. (the "Company") does hereby make, constitute and appoint each of Roger S. Begelman, Edward T. Joel, Saskia Brookfield Martin and Susan Goddard, (and any other employee of The Goldman Sachs Group, Inc. or one of its affiliates designated in writing by one of the attorneys-in-fact), acting individually, its true and lawful attorney, to execute and deliver in its name and on its behalf whether the Company is acting individually or as representative of others, any and all filings required to be made by the Company under the Securities Exchange Act of 1934, (as amended, the "Act"), with respect to securities which may be deemed to be beneficially owned by the Company under the Act, giving and granting unto each said attorney-in-fact power and authority to act in the premises as fully and to all intents and purposes as the Company might or could do if personally present by one of its authorized signatories, hereby ratifying and confirming all that said attorney-in-fact shall lawfully do or cause to be done by virtue hereof. THIS POWER OF ATTORNEY shall remain in full force and effect until either revoked in writing by the undersigned or until such time as the person or persons to whom power of attorney has been hereby granted cease(s) to be an employee of The Goldman Sachs Group, Inc. or one of its affiliates. IN WITNESS WHEREOF, the undersigned has duly subscribed these presents as of January 6th, 2003. GOLDMAN, SACHS & CO. By: /s/ Gregory K. Palm - ---------------------------- Name: Gregory K. Palm Title: Managing Director Page 37 of 40 EXHIBIT 99.15 POWER OF ATTORNEY KNOW ALL PERSONS BY THESE PRESENTS that THE GOLDMAN SACHS GROUP, INC. (the "Company") does hereby make, constitute and appoint each of Roger S. Begelman, Edward T. Joel, Saskia Brookfield Martin and Susan Goddard, (and any other employee of The Goldman Sachs Group, Inc. or one of its affiliates designated in writing by one of the attorneys-in-fact), acting individually, its true and lawful attorney, to execute and deliver in its name and on its behalf whether the Company is acting individually or as representative of others, any and all filings required to be made by the Company under the Securities Exchange Act of 1934, (as amended, the "Act"), with respect to securities which may be deemed to be beneficially owned by the Company under the Act, giving and granting unto each said attorney-in-fact power and authority to act in the premises as fully and to all intents and purposes as the Company might or could do if personally present by one of its authorized signatories, hereby ratifying and confirming all that said attorney-in-fact shall lawfully do or cause to be done by virtue hereof. THIS POWER OF ATTORNEY shall remain in full force and effect until either revoked in writing by the undersigned or until such time as the person or persons to whom power of attorney has been hereby granted cease(s) to be an employee of The Goldman Sachs Group, Inc. or one of its affiliates. IN WITNESS WHEREOF, the undersigned has duly subscribed these presents as of January 6th, 2003. THE GOLDMAN SACHS GROUP, INC. By: /s/ Gregory K. Palm - ---------------------------- Name: Gregory K. Palm Title: Executive Vice President and General Counsel Page 38 of 40 Exhibit 99.16 POWER OF ATTORNEY KNOW ALL PERSONS BY THESE PRESENTS that GS CAPITAL PARTNERS II (GERMANY) CIVIL LAW PARTNERSHIP (the "Company") does hereby make, constitute and appoint each of Hans L. Reich and Roger S. Begelman, acting individually, its true and lawful attorney, to execute and deliver in its name and on its behalf whether the Company is acting individually or as representative of others, any and all filings required to be made by the Company under the Securities Exchange Act of 1934, as amended, giving and granting unto each said attorney-in-fact power and authority to act in the premises as fully and to all intents and purposes as the Company might or could do if personally present by one of its authorized signatories, hereby ratifying and confirming all that said attorney-in-fact shall lawfully do or cause to be done by virtue hereof. THIS POWER OF ATTORNEY shall remain in full force and effect until either revoked in writing by the undersigned or until such time as the person or persons to whom power of attorney has been hereby granted cease(s) to be an employee of The Goldman Sachs Group, Inc. or one of its affiliates. IN WITNESS WHEREOF, the undersigned has duly subscribed these presents as of November 5, 2000. GS CAPITAL PARTNERS II (GERMANY) CIVIL LAW PARTNERSHIP By: Goldman, Sachs & Co. oHG By: Goldman, Sachs & Co. Finanz GmbH By:/s/ Andreas Kornlein - --------------------------------- Name: Andreas Kornlein Title: Executive Director By:/s/ Sabine Mock - --------------------------------- Name: Sabine Mock Title: Executive Director Page 39 of 40 Exhibit 99.17 POWER OF ATTORNEY KNOW ALL PERSONS BY THESE PRESENTS that GOLDMAN, SACHS & CO. oHG, (the "Company") does hereby make, constitute and appoint each of Roger S. Begelman, Edward T. Joel, Saskia Brookfield Martin and Susan P. Goddard (and any other employee of The Goldman Sachs Group, Inc. or one of its affiliates designated in writing by one of the attorneys-in-fact) acting individually, its true and lawful attorney, to execute and deliver in its name and on its behalf whether the Company is acting individually or as representative of others, any and all filings required to be made by the Company under the Securities Exchange Act of 1934, as amended, giving and granting unto each said attorney-in-fact power and authority to act in the premises as fully and to all intents and purposes as the Company might or could do if personally present by one of its authorized signatories, hereby ratifying and confirming all that said attorney-in-fact shall lawfully do or cause to be done by virtue hereof. THIS POWER OF ATTORNEY shall remain in full force and effect until either revoked in writing by the undersigned or until such time as the person or persons to whom power of attorney has been hereby granted cease(s) to be an employee of The Goldman Sachs Group, Inc. or one of its affiliates. IN WITNESS WHEREOF, the undersigned has duly subscribed these presents as of March 21, 2003. GOLDMAN, SACHS & CO. oHG By:/s/ Andreas Kornlein By:/s/ Michael Bartsch - --------------------------------- --------------------------------- Name: Andreas Kornlein Name: Michael Bartsch Title: Managing Director Title: Executive Director -----END PRIVACY-ENHANCED MESSAGE-----