SC 13D/A 1 c27088_13d-a.txt ----------------------------- OMB APPROVAL ----------------------------- OMB Number: 3235-0145 Expires: December 31, 2005 Estimated average burden hours per response...... 11 ----------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 3)* StarMedia Network, Inc. -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, $0.001 par value -------------------------------------------------------------------------------- (Title of Class of Securities) 855546107 -------------------------------------------------------------------------------- (CUSIP Number) Harvey M. Eisenberg, Esq. O'Sullivan LLP 30 Rockefeller Plaza - 24th Floor New York, N.Y. 10112 (212) 408-2400 -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) January 1, 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 that 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 of this statement 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). 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). J.P. Morgan Partners (SBIC), LLC - Taxpayer ID # 13-3376808 ------------------------------------------------------------------------- -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) ------------------------------------------------------------------------- (b) ------------------------------------------------------------------------- -------------------------------------------------------------------------------- 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 11,823,333 (assumes conversion of the 2001 Series A Preferred Stock and Options to purchase 85,000 Shares) Number of Shares -------------------------------- Beneficially ---------------------------------------------------------- Owned by Each 8. Shared Voting Power 0 Reporting Person ------------------------------- With ---------------------------------------------------------- 9. Sole Dispositive Power 11,823,333 (assumes conversion of the 2001 Series A Preferred Stock and Options to purchase 85,000 Shares) ---------------------------- ---------------------------------------------------------- 10. Shared Dispositive Power 0 -------------------------- -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 11,823,333 (assumes conversion of the 2001 Series A Preferred Stock and Options to purchase 85,000 Shares) --------------------------------- -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ----------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 12.8% --------------------- -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) 00 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). J.P. Morgan Partners (BHCA), L.P. Taxpayer ID # 13-3371826 ------------------------------------------------------------------------- -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) ------------------------------------------------------------------------- (b) ------------------------------------------------------------------------- -------------------------------------------------------------------------------- 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 2,857,954 Number of Shares -------------------------------- Beneficially ---------------------------------------------------------- Owned by Each 8. Shared Voting Power 0 Reporting Person ------------------------------- With ---------------------------------------------------------- 9. Sole Dispositive Power 2,857,954 ---------------------------- ---------------------------------------------------------- 10. Shared Dispositive Power 0 -------------------------- -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 2,857,954 --------------------------------- -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ----------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 3.6% --------------------- -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) PN -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Quetzal/J.P. Morgan Partners, L.P. Taxpayer ID # 52-2228591 ------------------------------------------------------------------------- -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) ------------------------------------------------------------------------- (b) ------------------------------------------------------------------------- -------------------------------------------------------------------------------- 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 98,361 Number of Shares -------------------------------- Beneficially ---------------------------------------------------------- Owned by Each 8. Shared Voting Power 0 Reporting Person ------------------------------- With ---------------------------------------------------------- 9. Sole Dispositive Power 98,361 ---------------------------- ---------------------------------------------------------- 10. Shared Dispositive Power 0 -------------------------- -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 98,361 --------------------------------- -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ----------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) .1% --------------------- -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) PN -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- AMENDMENT NO. 3 TO SCHEDULE 13D RELATING TO THE COMMON STOCK OF STARMEDIA NETWORK, INC. This Amendment No. 3 to Schedule 13D ("AMENDMENT NO. 3") amends the Schedule 13D, as amended pursuant to Amendments No. 1 and No. 2 to Schedule 13D filed on September 30, 2001, filed on behalf of J.P. Morgan Partners (SBIC), LLC, a Delaware limited liability company ("JPMP (SBIC)"), J.P. Morgan Partners (BHCA), L.P., a Delaware limited partnership ("JPMP (BHCA)") and QUETZAL/J.P. Morgan Partners, L.P. a Delaware limited partnership ("QUETZAL/JPMP", and together with JPMP (SBIC) and JPMP (BHCA), the "REPORTING PERSONS"), with the Securities and Exchange Commission (the "SEC") on September 13, 2001 (the "ORIGINAL SCHEDULE 13D"), relating to the Common Stock, $0.001 par value per share (the "COMMON STOCK"), of StarMedia Network Inc., a Delaware corporation (the "ISSUER"). Unless otherwise indicated, all capitalized terms not otherwise defined herein have the meanings given to them in the Original Schedule 13D. This Amendment No. 3 relates to a decrease in the Reporting Persons' percentage ownership of the Issuer's Common Stock and changes in the controlling persons of the Reporting Persons. Except as disclosed in this Amendment No. 3, the information contained in the Original Schedule 13D, as amended, has not changed as of the date hereof. Item 2 is hereby amended by replacing Schedule A, Schedule B and Schedule C attached to the Original Schedule 13D with Schedule A, Schedule B and Schedule C attached hereto. Item 5 is hereby amended and restated as follows: ITEM 5. INTEREST IN THE SECURITIES OF THE ISSUER (a) o JPMP (SBIC) may be deemed the beneficial owner of 11,823,333 shares of the Issuer's Common Stock (assuming conversion of the 2001 Series A Preferred Stock and Options to purchase 85,000 shares). As of December 31, 2002, JPMP (SBIC)'s deemed beneficial ownership represents 12.8% of the Common Stock of the Issuer. JPMP (SBIC) has sole voting power and dispositive power with respect to its shares of the Issuer's Common Stock. o JPMP (BHCA) may be deemed the beneficial owner of 2,857,954 shares of the Issuer's Common Stock. As of December 31, 2002, JPMP (BHCA)'s deemed beneficial ownership represents 3.6% of the Common Stock of the Issuer. JPMP (BHCA) has sole voting power and dispositive power with respect to its shares of the Issuer's Common Stock. o Quetzal/JPMP may be deemed the beneficial owner of 98,361 shares of the Issuer's Common Stock. As of December 31, 2002, Quetzal/JPMP's deemed beneficial ownership represents .1% of the Common Stock of the Issuer. Quetzal/JPMP has sole voting power and dispositive power with respect to its shares of the Issuer's Common Stock. (b) Except as otherwise described herein or in any Exhibit filed herewith, to the knowledge of the Reporting Persons, none of the Reporting Persons has effected any transaction in shares of the Common Stock (or in Common Stock equivalents) during the past 60 days. SIGNATURE 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: February 13, 2003 J.P. MORGAN PARTNERS (SBIC), LLC By: /s/ Jeffrey C. Walker ------------------------------------- Name: Jeffrey C. Walker Title: President Date: February 13, 2003 J.P. MORGAN PARTNERS (BHCA), L.P. By: JPMP MASTER FUND MANAGER, L.P., ITS GENERAL PARTNER By: JPMP CAPITAL CORP., ITS GENERAL PARTNER By: /s/ Jeffrey C. Walker ------------------------------------- Name: Jeffrey C. Walker Title: President Date: February 13, 2003 QUETZAL/J.P. MORGAN PARTNERS, L.P. By: Quetzal/J.P. Morgan Partners (GP), LLC, its General Partner By: /s/ Lauren M. Tyler ------------------------------------- Name: Lauren M. Tyler Title: Managing Member SCHEDULE A J.P. MORGAN PARTNERS (SBIC), LLC EXECUTIVE OFFICERS(1) President Jeffrey C. Walker* Executive Vice President Mitchell J. Blutt, M.D.* Executive Vice President Arnold L. Chavkin* Executive Vice President John M.B. O'Connor* Managing Director Dr. Dana Beth Ardi Managing Director Christopher C. Behrens* Managing Director Julie Casella-Esposito* Managing Director Rodney A. Ferguson* Managing Director Cornell P. French* Managing Director Michael R. Hannon* Managing Director Alfredo Irigoin* Managing Director Andrew Kahn* Managing Director Jonathan R. Lynch* Managing Director Stephen P. Murray* Managing Director Timothy Purcell* Managing Director Faith Rosenfeld* Managing Director Shahan D. Soghikian* Managing Director Timothy J. Walsh* Managing Director Richard D. Waters, Jr.* Managing Director Damion E. Wicker, M.D.* Managing Director Eric R. Wilkinson* Senior Vice President and Assistant Secretary James Hutter* Senior Vice President and Assistant Secretary Mounir Nahas* Senior Vice President, Treasurer and Assistant Secretary Elisa R. Stein* Vice President and Assistant Secretary Richard Madsen* Vice President and Assistant Secretary Puneet Gulati* Vice President and Assistant Secretary Thomas Szymoniak* Vice President and Assistant Secretary Scott Kraemer* Secretary Anthony J. Horan** Assistant Secretary Robert C. Caroll** Assistant Secretary Denise G. Connors** Assistant Secretary Euisun Lisa Lee** Assistant Secretary Timothy Samson**

-------- (1) Each of whom is a United States citizen except for Messrs. Irigoin, and Soghikian. * Principal occupation is employee and/or officer of J.P. Morgan Partners, LLC. Business address is c/o J.P. Morgan Partners, LLC, 1221 Avenue of the Americas, New York, New York 10020. ** Principal occupation is employee or officer of J.P. Morgan Chase & Co. Business address is c/o J.P. Morgan Chase & Co., 270 Park Avenue, New York, New York 10017. DIRECTORS(1) Jeffrey C. Walker* ---------- (1) Each of whom is a United States citizen except for Messrs. Britts, Irigoin, and Soghikian. * Principal occupation is employee and/or officer of J.P. Morgan Partners, LLC. Business address is c/o J.P. Morgan Partners, LLC, 1221 Avenue of the Americas, New York, New York 10020. ** Principal occupation is employee or officer of J.P. Morgan Chase & Co. Business address is c/o J.P. Morgan Chase & Co., 270 Park Avenue, New York, New York 10017. SCHEDULE B JPMP CAPITAL CORP. EXECUTIVE OFFICERS(1) President Jeffrey C. Walker* Executive Vice President Mitchell J. Blutt, M.D.* Executive Vice President Arnold L. Chavkin* Executive Vice President John M.B. O'Connor* Managing Director Dr. Dana Beth Ardi Managing Director Christopher C. Behrens* Managing Director Julie Casella-Esposito* Managing Director Rodney A. Ferguson* Managing Director Cornell P. French* Managing Director Michael R. Hannon* Managing Director Alfredo Irigoin* Managing Director Andrew Kahn* Managing Director Jonathan R. Lynch* Managing Director Stephen P. Murray* Managing Director Timothy Purcell* Managing Director Faith Rosenfeld* Managing Director Shahan D. Soghikian* Managing Director Timothy J. Walsh* Managing Director Richard D. Waters, Jr.* Managing Director Damion E. Wicker, M.D.* Managing Director Eric R. Wilkinson* Senior Vice President and Assistant Secretary James Hutter* Senior Vice President and Assistant Secretary Mounir Nahas* Senior Vice President, Treasurer and Assistant Secretary Elisa R. Stein* Vice President and Assistant Secretary Richard Madsen* Vice President and Assistant Secretary Puneet Gulati* Vice President and Assistant Secretary Thomas Szymoniak* Vice President and Assistant Secretary Scott Kraemer* Secretary Anthony J. Horan** Assistant Secretary Robert C. Caroll** Assistant Secretary Denise G. Connors** Assistant Secretary Euisun Lisa Lee** Assistant Secretary Timothy Samson**

---------- (1) Each of whom is a United States citizen except for Messrs. Irigoin, and Soghikian. * Principal occupation is employee and/or officer of J.P. Morgan Partners, LLC. Business address is c/o J.P. Morgan Partners, LLC, 1221 Avenue of the Americas, New York, New York 10020. ** Principal occupation is employee or officer of J.P. Morgan Chase & Co. Business address is c/o J.P. Morgan Chase & Co., 270 Park Avenue, New York, New York 10017. DIRECTORS(1) William B. Harrison** Jeffrey C. Walker* ---------- (1) Each of whom is a United States citizen except for Messrs. Britts, Irigoin, and Soghikian. * Principal occupation is employee and/or officer of J.P. Morgan Partners, LLC. Business address is c/o J.P. Morgan Partners, LLC, 1221 Avenue of the Americas, New York, New York 10020. ** Principal occupation is employee or officer of J.P. Morgan Chase & Co. Business address is c/o J.P. Morgan Chase & Co., 270 Park Avenue, New York, New York 10017. SCHEDULE C J.P. MORGAN CHASE & CO. EXECUTIVE OFFICERS(1) Chairman of the Board and Chief Executive Officer William B. Harrison Jr.* Vice Chairman David A. Coulter* Vice Chairman Walter A. Gubert* Vice Chairman Thomas B. Ketchum* Vice Chairman Donald H. Layton* Vice Chairman James B. Lee Jr. * Vice Chairman Jeffrey C. Walker** Vice Chairman; Head of Finance, Risk Management and Administration Marc J. Shapiro* Executive Officer Steven D. Black* Executive Officer Donald H. McCree III* Executive Officer James I. Staley* Executive Officer Don M. Wilson* Executive Officer William T. Winters* Executive Vice President; General Auditor William J. Moran* Executive Vice President; Chief Financial Officer Dina Dublon* Executive Vice President; Head of Market Risk Management Lesley Daniels Webster* Chief Credit Officer Robert S. Strong* Managing Director Paul W. Brandow* Managing Director; Corporate Treasurer David B. Edelson* Managing Director; Head of Credit Risk Policy Suzanne Hammett* Managing Director Louis M. Morrell* Managing Director John Steinhardt* Managing Director John Wilmet* Managing Director Jorge V. Jasson* General Counsel William H. McDavid* Corporate Secretary Anthony James Horan* Senior Vice President; Assistant General Counsel Ronald C. Mayer* Senior Vice President; Chief Compliance Officer Gregory S. Meredith* Director of Human Resources John J. Farrell* Director of Corporate Marketing and Communications Frederick W. Hill* Controller Joseph L. Scalfani* Assistant Corporate Secretary James C. Berry*

---------- (1) Each of whom is a United States citizen. * Principal occupation is employee or officer of J.P. Morgan Chase & Co. Business address is c/o J.P. Morgan Chase & Co., 270 Park Avenue, New York, New York 10017. ** Principal occupation is employee and/or officer of J.P. Morgan Partners, LLC. Business address is c/o J.P. Morgan Partners, LLC, 1221 Avenue of the Americas, New York New York 10020. DIRECTORS(1) PRINCIPAL OCCUPATION OR EMPLOYMENT; NAME BUSINESS OR RESIDENCE ADDRESS -------------------------------------------------------------------------------- Hans W. Becherer Retired Chairman of the Board and Chief Executive Officer Deere & Company One John Deere Place Moline, IL 61265 -------------------------------------------------------------------------------- Riley P. Bechtel Chairman and Chief Executive Officer Bechtel Group, Inc. P.O. Box 193965 San Francisco, CA 94119-3965 -------------------------------------------------------------------------------- Frank A. Bennack, Jr. President and Chief Executive Officer The Hearst Corporation 959 Eighth Avenue New York, New York 10019 -------------------------------------------------------------------------------- Lawrence A. Bossidy Chairman of the Board Honeywell International P.O. Box 3000 Morristown, NJ 07962-2245 -------------------------------------------------------------------------------- M. Anthony Burns Chairman of the Board Ryder System, Inc. 3600 N.W. 82nd Avenue Miami, Florida 33166 -------------------------------------------------------------------------------- H. Laurence Fuller Retired Co-Chairman BP Amoco p.l.c. 1111 Warrenville Road, Suite 25 Chicago, Illinois 60563 -------------------------------------------------------------------------------- Ellen V. Futter President and Trustee American Museum of Natural History Central Park West at 79th Street New York, NY 10024 -------------------------------------------------------------------------------- William H. Gray, III President and Chief Executive Officer The College Fund/UNCF 9860 Willow Oaks Corporate Drive P.O. Box 10444 Fairfax, Virginia 22031 -------------------------------------------------------------------------------- William B. Harrison, Jr. Chairman of the Board and Chief Executive Officer J.P. Morgan Chase & Co. 270 Park Avenue, 8th Floor New York, New York 10017-2070 -------------------------------------------------------------------------------- Helene L. Kaplan Of Counsel Skadden, Arps, Slate, Meagher & Flom LLP Four Times Square New York, New York 10036 -------------------------------------------------------------------------------- ---------- (1) Each of whom is a United States citizen. * Principal occupation is employee or officer of J.P. Morgan Chase & Co. Business address is c/o J.P. Morgan Chase & Co., 270 Park Avenue, New York, New York 10017. ** Principal occupation is employee and/or officer of J.P. Morgan Partners, LLC. Business address is c/o J.P. Morgan Partners, LLC, 1221 Avenue of the Americas, New York New York 10020. PRINCIPAL OCCUPATION OR EMPLOYMENT; NAME BUSINESS OR RESIDENCE ADDRESS -------------------------------------------------------------------------------- Lee R. Raymond Chairman of the Board and Chief Executive Officer Exxon Mobil Corporation 5959 Las Colinas Boulevard Irving, TX 75039-2298 -------------------------------------------------------------------------------- John R. Stafford Chairman of the Board American Home Products Corporation 5 Giralda Farms Madison, New Jersey 07940 -------------------------------------------------------------------------------- Lloyd D. Ward Chief Executive Officer U.S. Olympic Committee One Olympic Plaza Colorado Springs, CO 80909 --------------------------------------------------------------------------------

STARMEDIA NETWORK INC SC 13D/A