SC 13D/A 1 file1.htm


                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549




                                 SCHEDULE 13D/A

                    UNDER THE SECURITIES EXCHANGE ACT OF 1934
                               (AMENDMENT NO. 2)*




                               Critical Path, Inc.
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                                (Name of Issuer)


                    Common Stock, par value $0.001 per share
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                         (Title of Class of Securities)

                                   22674V 10 0
                               ------------------
                                 (CUSIP Number)

                                Adam M. Fox, Esq.
                                   Dechert LLP
                              30 Rockefeller Plaza
                            New York, New York 10112
                                 (212) 698-3500
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
                                Communications)

                                 August 11, 2004
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             (Date of Event which Requires Filing of this Statement)


If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box. [ ]

NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss. 240.13d-7 for other
parties to whom copies are to be sent.

*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).

                     Page 1 of 7 sequentially numbered pages




                                  SCHEDULE 13D


----------------------------                                                                ---------------------------
CUSIP NO.  22674V 10 0                                                                               PAGE 2 OF 7 PAGES
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    1      NAME OF REPORTING PERSONS
           I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (entities only)

           PETER KELLNER
-----------------------------------------------------------------------------------------------------------------------
    2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)                            (a) [ ]
                                                                                                          (b) [X]
-----------------------------------------------------------------------------------------------------------------------
    3      SEC USE ONLY

-----------------------------------------------------------------------------------------------------------------------
    4      SOURCE OF FUNDS (See Instructions)

           WC, PF
-----------------------------------------------------------------------------------------------------------------------
    5      CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)                [ ]

-----------------------------------------------------------------------------------------------------------------------
    6      CITIZENSHIP OR PLACE OF ORGANIZATION

           UNITED STATES
-----------------------------------------------------------------------------------------------------------------------
                                    7    SOLE VOTING POWER                   2,938,925

                                  -------------------------------------------------------------------------------------
          Number of Shares          8    SHARED VOTING POWER                 0
       Beneficially Owned by
           Each Reporting         -------------------------------------------------------------------------------------
            Person with             9    SOLE DISPOSITIVE POWER              2,938,925

                                  -------------------------------------------------------------------------------------
                                   10    SHARED DISPOSITIVE POWER            0

-----------------------------------------------------------------------------------------------------------------------
   11      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                                                        2,938,925
-----------------------------------------------------------------------------------------------------------------------
   12      CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)               [ ]

-----------------------------------------------------------------------------------------------------------------------
   13      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
                                                            12.87%
-----------------------------------------------------------------------------------------------------------------------
   14      TYPE OF REPORTING PERSON (See Instructions)
                                                               IN
-----------------------------------------------------------------------------------------------------------------------







                                  SCHEDULE 13D



----------------------------                                                                ---------------------------
CUSIP NO.  22674V 10 0                                                                               PAGE 3 OF 7 PAGES
-----------------------------------------------------------------------------------------------------------------------

    1      NAME OF REPORTING PERSONS
           I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (entities only)

           RICHMOND I, LLC
-----------------------------------------------------------------------------------------------------------------------
    2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)                            (a) [ ]
                                                                                                          (b) [X]
-----------------------------------------------------------------------------------------------------------------------
    3      SEC USE ONLY

-----------------------------------------------------------------------------------------------------------------------
    4      SOURCE OF FUNDS (See Instructions)

           WC
-----------------------------------------------------------------------------------------------------------------------
    5      CHECK 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                   696,056

                                  -------------------------------------------------------------------------------------
        Number of Shares            8    SHARED VOTING POWER                 0
     Beneficially Owned by
         Each Reporting           -------------------------------------------------------------------------------------
          Person with               9    SOLE DISPOSITIVE POWER              696,056

                                  -------------------------------------------------------------------------------------
                                   10    SHARED DISPOSITIVE POWER            0

-----------------------------------------------------------------------------------------------------------------------
   11      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                                                          696,056
-----------------------------------------------------------------------------------------------------------------------

   12      CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)               [ ]

-----------------------------------------------------------------------------------------------------------------------
   13      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
                                                             3.29%
-----------------------------------------------------------------------------------------------------------------------
   14      TYPE OF REPORTING PERSON (See Instructions)
                                                               PN
-----------------------------------------------------------------------------------------------------------------------







          INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
       (INCLUDING EXHIBITS) OF THE SCHEDULE AND THE SIGNATURE ATTESTATION.








                                  SCHEDULE 13D



----------------------------                                                                ---------------------------
CUSIP NO.  22674V 10 0                                                                               PAGE 4 OF 7 PAGES
-----------------------------------------------------------------------------------------------------------------------

    1      NAME OF REPORTING PERSONS
           I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (entities only)

           RICHMOND III, LLC
-----------------------------------------------------------------------------------------------------------------------
    2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)                            (a) [ ]
                                                                                                          (b) [X]
-----------------------------------------------------------------------------------------------------------------------
    3      SEC USE ONLY

-----------------------------------------------------------------------------------------------------------------------
    4      SOURCE OF FUNDS (See Instructions)

           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

           DELAWARE
-----------------------------------------------------------------------------------------------------------------------
                                    7    SOLE VOTING POWER                   1,666,666

                                  -------------------------------------------------------------------------------------
        Number of Shares            8    SHARED VOTING POWER                 0
     Beneficially Owned by
         Each Reporting           -------------------------------------------------------------------------------------
          Person with               9    SOLE DISPOSITIVE POWER              1,666,666

                                  -------------------------------------------------------------------------------------
                                   10    SHARED DISPOSITIVE POWER            0

-----------------------------------------------------------------------------------------------------------------------
   11      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                                                        1,666,666
-----------------------------------------------------------------------------------------------------------------------
   12      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)           [ ]

-----------------------------------------------------------------------------------------------------------------------
   13      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
                                                             7.30%

-----------------------------------------------------------------------------------------------------------------------
   14      TYPE OF REPORTING PERSON (See Instructions)
                                                               PN
-----------------------------------------------------------------------------------------------------------------------







          INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
       (INCLUDING EXHIBITS) OF THE SCHEDULE AND THE SIGNATURE ATTESTATION.







     This Amendment No. 2 to Schedule 13D (this "Amendment No. 2") should be
read in conjunction with the Schedule 13D filed with the Securities and Exchange
Commission on February 4, 2004 (the "Original Schedule 13D") by Peter Kellner
("Mr. Kellner") and Richmond I, LLC, a Delaware limited liability company
("Richmond I"), relating to the shares of common stock, par value $0.001 per
share, of Critical Path, Inc., a Delaware corporation (the "Company"), as
subsequently amended by Amendment No. 1/A thereto filed with the Securities and
Exchange Commission on December 12, 2006 ("Amendment No. 1/A") by Mr. Kellner,
Richmond I and Richmond III, LLC, a Delaware limited liability company
("Richmond III" and, collectively with Mr. Kellner and Richmond I, the
"Reporting Persons"). This Amendment No. 2 amends Items 5 and 7 of the Original
Schedule 13D, as amended by Amendment No. 1/A, to report purchases by the
Reporting Persons that have not been previously reported.

ITEM 5.  INTEREST IN SECURITIES OF THE ISSUER.
         -------------------------------------

     (a) and (b) Based on the Company's Quarterly Report on Form 10-Q filed with
the Securities and Exchange Commission on August 9, 2004, there were 21,169,642
shares of Common Stock issued and outstanding as of June 30, 2004.

     Mr. Kellner beneficially owns 2,938,925 shares of Common Stock
individually, representing approximately 12.87% of the fully diluted outstanding
shares of Common Stock, of which 696,056 and 1,666,666 shares of Common Stock
are beneficially owned by Richmond I and Richmond III, respectively,
representing approximately 3.29% and 7.30%, respectively, of the fully diluted
outstanding shares of Common Stock. The shares of Common Stock beneficially
owned by Richmond III are issuable upon conversion of shares of Series E
convertible preferred stock of the Company (which, for reporting purposes,
excludes any shares of Common Stock issuable upon conversion of Series E
convertible preferred stock attributable to the accretion of dividends on such
shares of Series E convertible preferred stock). The Reporting Persons have sole
voting and dispositive power with respect to such shares.

     (c) Richmond III acquired 551,800 shares of Series E convertible preferred
stock of the Company at a purchase price of $1.50 per share on August 11, 2004.
Such shares of Series E convertible preferred stock are convertible into shares
of Common Stock of the Company. Except for the transactions described herein and
in Amendment No. 1/A, there have been no other transactions in the securities of
the Company effected by the Reporting Persons in the past 60 days from August
11, 2004.

ITEM 7.  MATERIAL TO BE FILED AS EXHIBITS.
         ---------------------------------
Exhibit A Agreement of Joint Filing, dated December 11, 2006, by and among Peter
Kellner, Richmond I, LLC and Richmond III, LLC






                                    SIGNATURE

     After reasonable inquiry and to the best of its knowledge and belief, the
undersigned certify that the information set forth in this Statement is true,
complete and correct.


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Dated:  December 11, 2006

                            /s/ Peter B. Kellner
                            --------------------------
                            PETER KELLNER


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                            RICHMOND I, LLC


                            By: /s/ Peter B. Kellner
                               -----------------------
                                Peter Kellner, Managing Director


--------------------------------------------------------------------------------
                            RICHMOND III, LLC


                            By: /s/ Peter B. Kellner
                               -----------------------
                               Peter Kellner, Managing Director
--------------------------------------------------------------------------------
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                                    EXHIBIT A


                            AGREEMENT OF JOINT FILING



         In accordance with Rule 13d-1(k) under the Securities Exchange Act of
1934, as amended, the undersigned hereby agree to the joint filing with all
other persons signatory below of a statement on Schedule 13D or any amendments
thereto, with respect to the common stock of Critical Path, Inc., and that this
Agreement be included as an attachment to such filing.

         This Agreement may be executed in any number of counterparts each of
which shall be deemed an original and all of which together shall be deemed to
constitute one and the same Agreement.

         IN WITNESS WHEREOF, the undersigned hereby execute this Agreement on
the 11th day of December 2006.


--------------------------------------------------------------------------------
                            /s/ Peter B. Kellner
                            --------------------------
                            PETER KELLNER


--------------------------------------------------------------------------------
                            RICHMOND I, LLC


                            By: /s/ Peter B. Kellner
                               -----------------------
                               Peter Kellner, Managing Director


--------------------------------------------------------------------------------
                            RICHMOND III, LLC


                            By: /s/ Peter B. Kellner
                               ------------------------
                                Peter Kellner, Managing Director

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