SC 13D 1 dsc13d.htm SCHEDULE 13D Prepared by R.R. Donnelley Financial -- Schedule 13D

SCHEDULE 13D
 
    
CUSIP No. 25388M100
            
Page  1  of 20 Pages
   

 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
SCHEDULE 13D
Under the Securities Exchange Act of 1934
 
 
Digitalthink, Inc.
(Name of Issuer)
 
Common Stock
(Title of Class of Securities)
 
25388M100
(CUSIP Number)
 
Robert Raynard
WaldenVC, LLC
750 Battery Street
San Francisco, CA 94111
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
 
May 2, 2002
(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 that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box ¨.

1

SCHEDULE 13D
 
    
CUSIP No. 25388M100
            
Page  2  of 18 Pages
   

 
      
1

   
NAME OF REPORTING PERSON
WaldenVC II, L.P.
 
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
2
   
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) x
(b) ¨
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
California
NUMBER OF
SHARES
   
7
   
SOLE VOTING POWER
2,372,802
 
BENEFICIALLY
OWNED BY
   
8
   
SHARED VOTING POWER
0
 
EACH
REPORTING
   
9
   
SOLE DISPOSITIVE POWER
2,372,802
 
PERSON
WITH
   
10
   
SHARED DISPOSITIVE POWER
0
11
   
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,372,802
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)
5.9%
14
   
TYPE OF REPORTING PERSON (See Instructions)
PN

2

SCHEDULE 13D
 
    
CUSIP No. 25388M100
            
Page  3  of 18 Pages
   

 
      
1

   
NAME OF REPORTING PERSON
WaldenVC II-Side, L.P.
 
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
2
   
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) x
(b) ¨
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
California
NUMBER OF
SHARES
   
7
   
SOLE VOTING POWER
198,197
 
BENEFICIALLY
OWNED BY
   
8
   
SHARED VOTING POWER
0
 
EACH
REPORTING
   
9
   
SOLE DISPOSITIVE POWER
198,197
 
PERSON
WITH
   
10
   
SHARED DISPOSITIVE POWER
0
11
   
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
198,197
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)
0.5%
14
   
TYPE OF REPORTING PERSON (See Instructions)
PN

3

SCHEDULE 13D
 
    
CUSIP No. 25388M100
            
Page  4  of 18 Pages
   

 
      
1

   
NAME OF REPORTING PERSON
Walden Media and Information Technology Fund, L.P.
 
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
2
   
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) x
(b) ¨
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
California
NUMBER OF
SHARES
   
7
   
SOLE VOTING POWER
2,189,321
 
BENEFICIALLY
OWNED BY
   
8
   
SHARED VOTING POWER
0
 
EACH
REPORTING
   
9
   
SOLE DISPOSITIVE POWER
2,189,321
 
PERSON
WITH
   
10
   
SHARED DISPOSITIVE POWER
0
11
   
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,189,321
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)
5.4%
14
   
TYPE OF REPORTING PERSON (See Instructions)
PN

4

SCHEDULE 13D
 
    
CUSIP No. 25388M100
            
Page  5  of 18 Pages
   
      
1

   
NAME OF REPORTING PERSON
WaldenVC, LLC
 
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
2
   
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) x
(b) ¨
3
   
SEC USE ONLY
4
   
SOURCE OF FUNDS (See Instructions)
5
   
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
¨
6
   
CITIZENSHIP OR PLACE OF ORGANIZATION
California
NUMBER OF
SHARES
   
7
   
SOLE VOTING POWER
2,570,999
 
BENEFICIALLY
OWNED BY
   
8
   
SHARED VOTING POWER
0
 
EACH
REPORTING
   
9
   
SOLE DISPOSITIVE POWER
2,570,999
 
PERSON
WITH
   
10
   
SHARED DISPOSITIVE POWER
0
11
   
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,570,999
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)
6.4%
14
   
TYPE OF REPORTING PERSON (See Instructions)
OO
 

5

SCHEDULE 13D
 
    
CUSIP No. 25388M100
            
Page  6  of 18 Pages
   

 
      
1

   
NAME OF REPORTING PERSON
Walden Media, LLC
 
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
2
   
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) x
(b) ¨
3
   
SEC USE ONLY
4
   
SOURCE OF FUNDS (See Instructions)
5
   
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
¨
6
   
CITIZENSHIP OR PLACE OF ORGANIZATION
California
NUMBER OF
SHARES
   
7
   
SOLE VOTING POWER
2,189,321
 
BENEFICIALLY
OWNED BY
   
8
   
SHARED VOTING POWER
0
 
EACH
REPORTING
   
9
   
SOLE DISPOSITIVE POWER
2,189,321
 
PERSON
WITH
   
10
   
SHARED DISPOSITIVE POWER
0
11
   
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,189,321
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)
5.4%
14
   
TYPE OF REPORTING PERSON (See Instructions)
OO

6

SCHEDULE 13D
 
    
CUSIP No. 25388M100
            
Page  7  of 18 Pages
   

 
      
1

   
NAME OF REPORTING PERSON
Steven Eskenazi
 
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
2
   
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) x
(b) ¨
3
   
SEC USE ONLY
4
   
SOURCE OF FUNDS (See Instructions)
5
   
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
¨
6
   
CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
NUMBER OF
SHARES
   
7
   
SOLE VOTING POWER
34,449
 
BENEFICIALLY
OWNED BY
   
8
   
SHARED VOTING POWER
4,760,320
 
EACH
REPORTING
   
9
   
SOLE DISPOSITIVE POWER
34,449
 
PERSON
WITH
   
10
   
SHARED DISPOSITIVE POWER
4,760,320
11
   
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,794,769
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)
11.9%
14
   
TYPE OF REPORTING PERSON (See Instructions)
IN

7

SCHEDULE 13D
 
    
CUSIP No. 25388M100
            
Page  8  of 18 Pages
   

 
      
1

   
NAME OF REPORTING PERSON
Philip Sanderson
 
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
2
   
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) x
(b) ¨
3
   
SEC USE ONLY
4
   
SOURCE OF FUNDS (See Instructions)
5
   
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
¨
6
   
CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
NUMBER OF
SHARES
   
7
   
SOLE VOTING POWER
11,750
 
BENEFICIALLY
OWNED BY
   
8
   
SHARED VOTING POWER
2,570,999
 
EACH
REPORTING
   
9
   
SOLE DISPOSITIVE POWER
11,750
 
PERSON
WITH
   
10
   
SHARED DISPOSITIVE POWER
2,570,999
11
   
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,582,749
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)
6.4%
14
   
TYPE OF REPORTING PERSON (See Instructions)
IN

8

SCHEDULE 13D
 
    
CUSIP No. 25388M100
            
Page  9  of 18 Pages
   

 
      
1

   
NAME OF REPORTING PERSON
George Sarlo
 
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
2
   
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) x
(b) ¨
3
   
SEC USE ONLY
4
   
SOURCE OF FUNDS (See Instructions)
5
   
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
¨
6
   
CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
NUMBER OF
SHARES
   
7
   
SOLE VOTING POWER
13,555 (1)
 
BENEFICIALLY
OWNED BY
   
8
   
SHARED VOTING POWER
2,189,321
 
EACH
REPORTING
   
9
   
SOLE DISPOSITIVE POWER
13,555 (1)
 
PERSON
WITH
   
10
   
SHARED DISPOSITIVE POWER
2,189,321
11
   
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,202,876
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)
5.5%
14
   
TYPE OF REPORTING PERSON (See Instructions)
IN
(1)
 
Shares held by the George S. Sarlo Revocable Trust Dated 12/23/91.

9

SCHEDULE 13D
 
    
CUSIP No. 25388M100
            
Page  10  of 18 Pages
   

 
      
1

   
NAME OF REPORTING PERSON
Arthur Berliner
 
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
2
   
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) x
(b) ¨
3
   
SEC USE ONLY
4
   
SOURCE OF FUNDS (See Instructions)
5
   
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
¨
6
   
CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
NUMBER OF
SHARES
   
7
   
SOLE VOTING POWER
33,555 (2)
 
BENEFICIALLY
OWNED BY
   
8
   
SHARED VOTING POWER
4,760,320
 
EACH
REPORTING
   
9
   
SOLE DISPOSITIVE POWER
33,555 (2)
 
PERSON
WITH
   
10
   
SHARED DISPOSITIVE POWER
4,760,320
11
   
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,793,875
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)
11.9%
14
   
TYPE OF REPORTING PERSON (See Instructions)
IN
(2)
 
Shares held by the Arthur S. Berliner Family Trust Dated 4/24/85.

10

SCHEDULE 13D
 
    
CUSIP No. 25388M100
            
Page  11  of 18 Pages
   
      
1

   
NAME OF REPORTING PERSON
Richard LeFurgy
 
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
2
   
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) x
(b) ¨
3
   
SEC USE ONLY
4
   
SOURCE OF FUNDS (See Instructions)
5
   
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
¨
6
   
CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
NUMBER OF
SHARES
   
7
   
SOLE VOTING POWER
0
 
BENEFICIALLY
OWNED BY
   
8
   
SHARED VOTING POWER
2,570,999
 
EACH
REPORTING
   
9
   
SOLE DISPOSITIVE POWER
0
 
PERSON
WITH
   
10
   
SHARED DISPOSITIVE POWER
2,570,999
11
   
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,570,999
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)
6.4%
14
   
TYPE OF REPORTING PERSON (See Instructions)
IN

11

SCHEDULE 13D
 
    
CUSIP No. 25388M100
            
Page  12  of 18 Pages
   

 
Item 1.    Security and Issuer.
 
This Schedule 13D relates to shares of common stock, par value $0.001 (“Common Stock”) of Digitalthink, Inc., a Delaware corporation (“Digitalthink”). Digitalthink’s principal executive offices are located at 601 Brannan Street, San Francisco, California 94107.
 
Item 2.    Identity and Background.
 
This Schedule 13D is being jointly filed by (1) WaldenVC II, L.P., a California limited partnership (“WaldenVC II”), (2) WaldenVC II-Side, L.P., a California limited partnership (“WaldenVC II-Side”), (3) Walden Media and Information Technology Fund, L.P., a California limited partnership (“WMIT”), (4) WaldenVC, LLC, a California limited liability company (“WaldenVC”), (5) Walden Media, LLC, a California limited liability company (“Walden Media”), (6) Steven Eskenazi, a natural person, (7) Philip Sanderson, a natural person, (8) George Sarlo, a natural person, (9) Arthur Berliner, a natural person, and (10) Richard LeFurgy, a natural person, collectively identified hereinafter as the “Reporting Persons.”
 
WaldenVC II is a limited partnership organized under the laws of California. Its principal business is managing investments.
 
WaldenVC II-Side is a limited partnership organized under the laws of California. Its principal business is managing investments.
 
WMIT is a limited partnership organized under the laws of California. Its principal business is managing investments.
 
WaldenVC is a limited liability company organized under the laws of California. Its principal business is managing investments. It also serves as the general partner of WaldenVC II and WaldenVC II-Side.
 
Walden Media is a limited liability company organized under the laws of California for the purpose of managing investments. It also serves as the general partner of WMIT.
 
Steven Eskenazi’s principal occupation is serving as Manager of WaldenVC and Walden Media. Mr. Eskenazi is a citizen of the United States of America.
 
Philip Sanderson’s principal occupation is serving as Manager of WaldenVC. Mr. Sanderson is a citizen of the United States of America.
 
George Sarlo’s principal occupation is serving as Manager of Walden Media. Mr. Sarlo is a citizen of the United States of America.
 
Arthur Berliner’s principal occupation is serving as Manager of WaldenVC and Walden Media. Mr. Berliner is a citizen of the United States of America.
 
Richard LeFurgy’s principal occupation is serving as Manager of WaldenVC. Mr. LeFurgy is a citizen of the United States of America.

12

SCHEDULE 13D
 
    
CUSIP No. 25388M100
            
Page  13  of 18 Pages
   

 
The business address of each of the Reporting Persons is 750 Battery Street, San Francisco, California 94111. During the last five years, none of the Reporting Persons has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), and was not a party to a civil proceeding of a judicial or administrative body of competent jurisdiction that resulted in a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
 
Item 3.    Source and Amount of Funds or Other Consideration.
 
WaldenVC II has purchased 2,372,802 shares of Digitalthink’s common stock at a cost of $2,685,732.28 from April 29, 2002 to May 23, 2002 on the open market. The source of the funds was working capital.
 
WaldenVC II-Side has purchased 198,197 shares of Digitalthink’s common stock at a cost of $225,101.78 from May 1, 2002 to May 23, 2002 on the open market. The source of the funds was working capital.
 
WMIT has purchased 639,321 shares of Digitalthink’s common stock at a cost of $724,329.77 from April 29, 2002 to May 23, 2002 on the open market. The source of the funds was working capital.
 
Item 4.    Purpose of Transaction.
 
The purchases of the Reporting Persons were made for investment purposes. Mr. Eskenazi also serves as a director on the board of directors of Digitalthink. Each of the Reporting Persons intends to continuously review its investment in Digitalthink, and may in the future determine, either alone or as part of a group, to acquire additional securities of Digitalthink, through open market purchases, private agreements or otherwise. Each of the Reporting Persons may, however, dispose of all or a portion of the shares of Common Stock through open market transactions or in privately negotiated transactions to one or more persons, and may consider alternatives with respect to the securities of the issuer. Notwithstanding anything contained herein, each of the above entities specifically reserves the right to change its intention with respect to any or all such matters.
 
Except as disclosed above, none of the Reporting Persons has any plans or proposals which relate to or would result in: (a) the acquisition by any person of additional securities of Digitalthink, or the disposition of securities of Digitalthink; (b) an extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving Digitalthink or any of its subsidiaries; (c) a sale or transfer of a material amount of assets of Digitalthink or any of its subsidiaries, (d) any change in the present board of directors or management of Digitalthink, including any plans or proposals to change the number of term of directors or to fill any existing vacancies on the board; (e) any material change in the present capitalization or dividend policy of Digitalthink; (f) any other material change in the Digitalthink’s business or corporate structure; (g) changes in the Digitalthink’s charter or bylaws or other actions which may impeded the acquisition of control of the issuer by any person; (h) causing a class of securities of Digitalthink becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Act; or (j) any action similar to any of those enumerated above.
 
Item 5.    Interest in Securities of the Issuer.
 
WaldenVC II is the beneficial owner of 2,372,802 shares of common stock. Such shares represent approximately 5.9% of Digitalthink’s common stock based upon 40,355,126 shares of Digitalthink’s common stock outstanding as reported in Digitalthink’s Form 10-Q for the quarter ended December 31, 2001 (“the December 2001 Form 10-Q”).

13

SCHEDULE 13D
 
    
CUSIP No. 25388M100
            
Page  14  of 18 Pages
   

 
WaldenVC II has sole voting and dispositive power over 2,372,802 shares. During the past sixty days, WaldenVC II has effected the following transactions with respect to the Common Stock:
 
Transactions of WaldenVC II, L.P.
 
Date of Transaction
     
Number of Shares
     
Cost per Share
     
Total Amount
4/29/2002
     
87,200
     
$0.93
     
$80,786.58
4/30/2002
     
88,500
     
$1.00
     
$88,097.40
5/1/2002
     
1,554
     
$0.99
     
$1,542.96
5/1/2002
     
58,302
     
$1.06
     
$61,840.93
5/2/2002
     
244,189
     
$1.03
     
$251,812.20
5/3/2002
     
181,548
     
$0.95
     
$172,529.56
5/6/2002
     
151,290
     
$1.00
     
$151,290.00
5/7/2002
     
73,800
     
$1.04
     
$77,095.98
5/8/2002
     
184,500
     
$1.14
     
$209,910.15
5/10/2002
     
11,070
     
$1.12
     
$12,402.90
5/13/2002
     
33,948
     
$1.15
     
$39,044.70
5/14/2002
     
73,800
     
$1.18
     
$86,970.42
5/15/2002
     
41,918
     
$1.20
     
$50,306.10
5/16/2002
     
366,638
     
$1.22
     
$447,596.17
5/17/2002
     
172,396
     
$1.20
     
$206,879.70
5/20/2002
     
213,784
     
$1.22
     
$260,820.98
5/21/2002
     
222,758
     
$1.22
     
$270,833.68
5/22/2002
     
85,903
     
$1.27
     
$109,307.48
5/23/2002
     
79,704
     
$1.34
     
$106,664.39
 
Each of the above transactions was effected by open market purchase made through Deutsche Bank Alex Brown on the NASDAQ National Market System.

14

SCHEDULE 13D
 
    
CUSIP No. 25388M100
            
Page  15  of 18 Pages
   

 
WaldenVC II-Side is the beneficial owner of 198,197 shares of Digitalthink’s common stock. Such shares represent approximately 0.5% of Digitalthink’s common stock based upon 40,355,126 shares of Digitalthink’s common stock outstanding as reported in the December 2001 Form 10-Q. WaldenVC II-Side has sole voting and dispositive power over 198,197 shares. During the past sixty days, WaldenVC II-Side has effected the following transactions with respect to the Common Stock:
 
Transactions of WaldenVC II-Side, L.P.
 
Date of Transaction
     
Number of Shares
     
Cost per Share
     
Total Amount
5/1/2002
     
11,025
     
$0.99
     
$10,919.25
5/1/2002
     
4,898
     
$1.06
     
$5,195.31
5/2/2002
     
23,235
     
$1.03
     
$23,964.43
5/3/2002
     
15,252
     
$0.95
     
$14,498.48
5/6/2002
     
12,710
     
$1.00
     
$12,714.50
5/7/2002
     
6,200
     
$1.04
     
$6,481.02
5/8/2002
     
15,500
     
$1.14
     
$17,638.85
5/10/2002
     
930
     
$1.12
     
$1,046.10
5/13/2002
     
2,852
     
$1.15
     
$3,284.30
5/14/2002
     
6,200
     
$1.18
     
$7,310.58
5/15/2002
     
3,522
     
$1.20
     
$4,230.90
5/16/2002
     
30,802
     
$1.22
     
$37,607.58
5/17/2002
     
14,484
     
$1.20
     
$17,385.30
5/20/2002
     
17,960
     
$1.22
     
$21,915.70
5/21/2002
     
18,714
     
$1.22
     
$22,756.98
5/22/2002
     
7,217
     
$1.27
     
$9,187.41
5/23/2002
     
6,696
     
$1.34
     
$8,965.09
 
Each of the above transactions was effected by open market purchase made through Deutsche Bank Alex Brown on the NASDAQ National Market System.
 
WMIT is the beneficial owner of 2,189,321 shares of Digitalthink’s common stock. Such shares represent approximately 5.4% of Digitalthink’s common stock based upon 40,355,126 shares of Digitalthink’s common stock outstanding as reported in the December 2001 Form 10-Q. WMIT has sole voting and dispositive power over 2,189,321 shares. During the past sixty days, WMIT has effected the following transactions with respect to the Common Stock:
 
Transactions of Walden Media and Information Technology Fund, L.P.
 
Date of Transaction
     
Number of Shares
     
Cost per Share
     
Total Amount
4/29/2002
     
21,800
     
$0.93
     
$20,200.02
4/30/2002
     
22,100
     
$1.00
     
$22,002.84
5/1/2002
     
421
     
$0.99
     
$416.79
5/1/2002
     
15,800
     
$1.06
     
$16,763.56
5/2/2002
     
66,176
     
$1.03
     
$68,245.19
5/3/2002
     
49,200
     
$0.95
     
$46,759.26
5/6/2002
     
41,000
     
$1.00
     
$41,004.50
5/7/2002
     
20,000
     
$1.04
     
$20,896.50
5/8/2002
     
50,000
     
$1.14
     
$56,889.50
5/10/2002
     
3,000
     
$1.12
     
$3,364.50
5/13/2002
     
9,200
     
$1.15
     
$10,584.50
5/14/2002
     
20,000
     
$1.18
     
$23,572.50
5/15/2002
     
11,360
     
$1.20
     
$13,636.50
5/16/2002
     
99,360
     
$1.22
     
$121,303.19
5/17/2002
     
46,720
     
$1.20
     
$56,068.50
5/20/2002
     
57,936
     
$1.22
     
$70,686.42
5/21/2002
     
60,368
     
$1.22
     
$73,399.91
5/22/2002
     
23,280
     
$1.27
     
$29,625.97
5/23/2002
     
21,600
     
$1.34
     
$28,909.62

15

SCHEDULE 13D
 
    
CUSIP No. 25388M100
            
Page  16  of 18 Pages
   

 
Each of the above transactions was effected by open market purchase made through Deutsche Bank Alex Brown on the NASDAQ National Market System.
 
WaldenVC is the beneficial owner of 2,570,999 shares of Digitalthink’s common stock. Such shares represent approximately 6.4% of Digitalthink’s common stock based upon 40,355,126 shares of Digitalthink’s common stock outstanding as reported in the December 2001 Form 10-Q. WaldenVC has sole voting and dispositive power over 2,570,999 shares. WaldenVC has not engaged in any transactions with respect to these shares in the past sixty days.
 
Walden Media is the beneficial owner of 2,189,321 shares of Digitalthink’s common stock. Such shares represent approximately 5.4% of Digitalthink’s common stock based upon 40,355,126 shares of Digitalthink’s common stock outstanding as reported in the December 2001 Form 10-Q. Walden Media has sole voting and dispositive power over 2,189,321 shares. Walden Media has not engaged in any transactions with respect to these shares in the past sixty days.
 
Steven Eskenazi is the beneficial owner of 4,794,769 shares of Digitalthink’s common stock. Such shares represent approximately 11.9% of Digitalthink’s common stock based upon 40,355,126 shares of Digitalthink’s common stock outstanding as reported in the December 2001 Form 10-Q. Mr. Eskenazi has sole voting and dispositive power over 34,449 shares and shared voting and dispositive power over 4,760,320 shares. Mr. Eskenazi shares voting and dispositive power of 2,189,321 shares with Arthur Berliner and George Sarlo and shares voting and dispositive power of 2,570,999 shares with Philip Sanderson, Arthur Berliner, and Richard LeFurgy. Mr. Eskenazi has not engaged in any transactions with respect to these shares in the past sixty days.
 
Philip Sanderson is the beneficial owner of 2,582,749 shares of Digitalthink’s common stock. Such shares represent approximately 6.4% of Digitalthink’s common stock based upon 40,355,126 shares of Digitalthink’s common stock outstanding as reported in the December 2001 Form 10-Q. Mr. Sanderson has sole voting and dispositive power over 11,750 shares and shared voting and dispositive power over 2,570,999 shares. Mr. Sanderson shares voting and dispositive power of 2,570,999 shares with Steven Eskenazi, Arthur Berliner, and Richard LeFurgy. Mr. Sanderson has not engaged in any transactions with respect to these shares in the past sixty days.
 
George Sarlo is the beneficial owner of 2,202,876 shares of Digitalthink’s common stock. Such shares represent approximately 5.5% of Digitalthink’s common stock based upon 40,355,126 shares of Digitalthink’s common stock outstanding as reported in the December 2001 Form 10-Q. Mr. Sarlo has sole voting and dispositive power over 13,555 shares and shared voting and dispositive power over 2,189,321 shares. Mr. Sarlo shares voting and dispositive power of 2,189,321 shares with Steven Eskenazi and Arthur Berliner. Mr. Sarlo has not engaged in any transactions with respect to these shares in the past sixty days.
 
Arthur Berliner is the beneficial owner of 4,793,875 shares of Digitalthink’s common stock. Such shares represent approximately 11.9% of Digitalthink’s common stock based upon 40,355,126 shares of Digitalthink’s common stock outstanding as reported in the December 2001 Form 10-Q. Mr. Berliner has sole voting and dispositive power over 33,555 shares and shared voting and dispositive power over 4,760,320 shares. Mr. Berliner shares voting and dispositive power of 2,189,321 shares with Steven Eskenazi and George Sarlo and shares voting and dispositive power of 2,570,999 shares with Steven Eskenazi, Philip Sanderson, and Richard LeFurgy. Mr. Berliner has not engaged in any transactions with respect to these shares in the past sixty days.
 
Richard LeFurgy is the beneficial owner of 2,570,999 shares of Digitalthink’s common stock. Such shares represent approximately 6.4% of Digitalthink’s common stock based upon 40,355,126 shares of Digitalthink’s common

16

SCHEDULE 13D
 
    
CUSIP No. 25388M100
            
Page  17  of 18 Pages
   

 
stock outstanding as reported in the December 2001 Form 10-Q. Mr. LeFurgy has shared voting and dispositive power over 2,570,999 shares. Mr. LeFurgy shares voting and dispositive power of 2,570,999 shares with Steven Eskenazi, Philip Sanderson, and Arthur Berliner. Mr. LeFurgy has not engaged in any transactions with respect to these shares in the past sixty days.
 
Item 6.    Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
 
This joint filing is made pursuant to the Joint Filing Agreement dated May 23, 2002 attached as Exhibit 1.
 
Item 7.    Material to be filed as Exhibits.
 
 
EXHIBIT NO.
   
DESCRIPTION
1.
   
Joint Filing Agreement dated May 23, 2002.

17

SCHEDULE 13D
 
    
CUSIP No. 25388M100
            
Page  18  of 18 Pages
   

 
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
 
Date: May 23, 2002

      
WaldenVC II, L.P.
 
By:
WaldenVC, LLC
General Partner
 
By:    /s/    ARTHUR BERLINER
Arthur Berliner Manager
       
WaldenVC II-Side, L.P.
 
By:
WaldenVC, LLC
General Partner
 
By:    /s/    ARTHUR BERLINER
Arthur Berliner Manager
       
Walden Media and Information Technology Fund, L.P.
 
By:
Walden Media, LLC
General Partner
 
By:    /s/    ARTHUR BERLINER
Arthur Berliner Manager
       
WaldenVC, LLC
 
By:    /s/    ARTHUR BERLINER
Arthur Berliner Manager
       
Walden Media, LLC
 
By:    /s/    ARTHUR BERLINER
Arthur Berliner Manager
       
By:    /s/    STEVEN ESKENAZI
Steven Eskenazi
       
By:    /s/    PHILIP SANDERSON
Philip Sanderson
       
By:    /s/    GEORGE SARLO
George Sarlo
       
By:    /s/    ARTHUR BERLINER
Arthur Berliner
       
By:    /s/    RICHARD LEFURGY
Richard LeFurgy

18