SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* CLEARBLUE TECHNOLOGIES INC (Last) (First) (Middle) 55 FRANCISCO STREET SUITE 100 (Street) SAN FRANCISCO CA 94133 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol NAVISITE INC [ NAVI ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 08/08/2003
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/08/2003	08/08/2003	P		1,100,000	A	(1)	12,227,226	D
Common Stock								8,110,599(2)(3)(4)(5)(6)	I	held by CBA
Common Stock								47,168(2)(3)(4)(5)(6)	I	held by Atlantic

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person* CLEARBLUE TECHNOLOGIES INC (Last) (First) (Middle) 55 FRANCISCO STREET SUITE 100 (Street) SAN FRANCISCO CA 94133 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* CLEARBLUE ATLANTIC LLC (Last) (First) (Middle) 20 E 66TH STREET (Street) NEW YORK NY 10021 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* ATLANTIC INVESTORS LLC (Last) (First) (Middle) 20 E 66TH STREET (Street) NEW YORK NY 10021 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. The Reporting Person acquired from the Issuer 1,100,000 shares of the Issuer's common stock in exchange for, among other things, (i) all of the issued and outstanding stock of six of the Reporting Person's wholly-owned subsidiaries and (ii) the release of certain debt obligations of the Reporting Person by the Issuer.

2. Atlantic Investors, LLC ("Atlantic") and ClearBlue Atlantic, LLC ("CBA")(collectively, the "Controlled Entities") and the Controlled Entities in the aggregate own 20,337,785 shares of the Issuer's common stock (the "Shares"). See Footnote 3.

3. Of such Shares, 12,227,226 are held by the Reporting Person and 8,110,599 are held by CBA. Atlantic may be deemed to be the beneficial owner of the Shares. See Footnote 4.

4. Of the 12,227,226 shares held by the Reporting Person, 10,550,248 (the "CBF Shares")were previously reported by the Reporting Person as being owned indirectly through ClearBlue Finance, Inc. ("CBF"). See footnote 5.

5. CBF is a company controlled by the Reporting Person. Since the Reporting Person's last report, CBF has distributed the CBF Shares to the Reporting Person. See footnote 6.

6. Atlantic also owns 47,168 shares of the Issuer's common stock directly.

	Arthur Becker, VP, ClearBlue Technologies, Inc.	08/11/2003
	ClearBlue Atlantic LLC, by Atthur Becker, Managing Member	08/11/2003
	Atlantic Investors LLC, by Arthur Becker, managing member	08/11/2003
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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