-----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, B0XIj5Ca8MNFf2JQeXYBFwKvbUFtVfyH3o5GEjomHUQOdyoeoDqEZH1bWqmiW7Fg ng0fBObcjpbunXjQhsTB9Q== 0000932799-08-000138.txt : 20080620 0000932799-08-000138.hdr.sgml : 20080620 20080620110306 ACCESSION NUMBER: 0000932799-08-000138 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080618 FILED AS OF DATE: 20080620 DATE AS OF CHANGE: 20080620 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: NAVISITE INC CENTRAL INDEX KEY: 0001084750 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 522137343 STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 BUSINESS ADDRESS: STREET 1: 400 MINUTEMAN RD CITY: ANDOVER STATE: MA ZIP: 01810 BUSINESS PHONE: 9786828300 MAIL ADDRESS: STREET 1: 100 BRICKHOUSE SQUARE 5TH FLOOR CITY: ANDOVER STATE: MA ZIP: 01810 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: ATLANTIC INVESTORS LLC CENTRAL INDEX KEY: 0001251902 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-27597 FILM NUMBER: 08909223 MAIL ADDRESS: STREET 1: 20 EAST 66TH STREET CITY: NEW YORK STATE: NY ZIP: 10021 4 1 form4_ex.xml X0202 4 2008-06-18 0 0001084750 NAVISITE INC NAVI 0001251902 ATLANTIC INVESTORS LLC 20 EAST 66TH STREET NEW YORK NY 10021 0 0 1 0 Common Stock 2008-06-18 4 J 0 1254800 D 13841028 D The Reporting Person files this Form 4 to disclose that it has terminated all borrowing facilities that used some of the Issuer's shares owned by the Reporting Person as collateral. The Reporting Person has terminated its arrangements with a lender from which it had borrowed $6.5 million on a limited recourse basis. The lender has informed the Reporting Person that it has sold the 1,254,800 shares of the Issuer (the "Loan Shares") the lender was holding in connection with the loan, which was otherwise without recourse to the Reporting Person, but the lender did not disclose to the Reporting Person the date and the price of the sale. The Reporting Person did not authorize such sale, has determined not to do any further business with such lender, and is investigating its legal rights and remedies with respect to such lender's unauthorized sale of the Loan Shares (See Footnote 2). The Reporting Person is reporting such unauthorized sale by lender as a non-sale disposition as of June 18, 2008, the date it has determined not to repay such loan. This Form 4 discloses the Reporting Person's current holdings of the Issuer's shares, none of which is subject to any lending or other security arrangements. Atlantic Investors LLC, By: Unicorn Worldwide Holdings Limited, a Managing Member, By: /s/ Simon McNally, Director 2008-06-18 -----END PRIVACY-ENHANCED MESSAGE-----