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

SCHEDULE 13G

Information Statement Pursuant to Rules 13d-1 and 13d-2
Under the Securities Exchange Act of 1934
(Amendment No. 3)

CRITICAL PATH INC.
(Name of Issuer)

Common Shares
(Title of Class of Securities)

22674V506
(CUSIP Number)

December 31, 2008
(Date of Event Which Requires Filing of This Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

/ / Rule 13d-1(b)
/X/ Rule 13d-1(c)
/ / Rule 13d-1(d)

*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).

CUSIP No. 22674V506

1. Name of Reporting Person:

Passport Global Master Fund SPC Ltd for and on behalf of Portfolio A – Global Strategy

2. Check the Appropriate Box if a Member of a Group:

(a) / /

(b) /X/

3. SEC Use Only

4. Citizenship or Place of Organization: British Virgin Islands

	5. Sole Voting Power: -0-
Number of
shares
beneficially	6. Shared Voting Power: 0 (see Item 4)
owned by
each
reporting	7. Sole Dispositive Power: -0-
person
with:
	8. Shared Dispositive Power: 0 (see Item 4)

9. Aggregate Amount Beneficially Owned by Each Reporting Person:

10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares:

/ /

11. Percent of Class Represented by Amount in Row (9): 0.0%

12. Type of Reporting Person: CO

CUSIP No. 22674V506

1. Name of Reporting Person:

Passport Management, LLC

2. Check the Appropriate Box if a Member of a Group:

(a) / /

(b) /X/

3. SEC Use Only

4. Citizenship or Place of Organization: Delaware

	5. Sole Voting Power: -0-
Number of
shares
beneficially	6. Shared Voting Power: 0 (see Item 4)
owned by
each
reporting	7. Sole Dispositive Power: -0-
person
with:
	8. Shared Dispositive Power: 0 (see Item 4)

9. Aggregate Amount Beneficially Owned by Each Reporting Person:

10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares:

/ /

11. Percent of Class Represented by Amount in Row (9): 0.0%

12. Type of Reporting Person: IA

--------------

CUSIP No. 22674V506

1. Name of Reporting Person:

Passport Capital, LLC

2. Check the Appropriate Box if a Member of a Group:

(a) / /

(b) /X/

3. SEC Use Only

4. Citizenship or Place of Organization: Delaware

	5. Sole Voting Power: -0-
Number of
shares
beneficially	6. Shared Voting Power: 0 (see Item 4)
owned by
each
reporting	7. Sole Dispositive Power: -0-
person
with:
	8. Shared Dispositive Power: 0 (see Item 4)

9. Aggregate Amount Beneficially Owned by Each Reporting Person:

10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares:

/ /

11. Percent of Class Represented by Amount in Row (9): 0.0%

12. Type of Reporting Person: IA
--------------

CUSIP No. 22674V506

1. Name of Reporting Person:

John Burbank

2. Check the Appropriate Box if a Member of a Group:

(a) / /

(b) /X/

3. SEC Use Only

4. Citizenship or Place of Organization: United States

	5. Sole Voting Power: -0-
Number of
shares
beneficially	6. Shared Voting Power: 0 (see Item 4)
owned by
each
reporting	7. Sole Dispositive Power: -0-
person
with:
	8. Shared Dispositive Power: 0 (see Item 4)

9. Aggregate Amount Beneficially Owned by Each Reporting Person:

10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares:

/ /

11. Percent of Class Represented by Amount in Row (9): 0.0%

12. Type of Reporting Person: IN
--------------

Item 1(a).	Name of Issuer:

	Critical Path Inc. (the “Company”).

Item 1(b).	Address of Issuer’s Principal Executive Offices:

	2 Harrison Street, 2^ndFloor
	San Francisco, CA 94105

Item 2(a).	Name of Persons Filing:

	Passport Global Master Fund SPC Ltd for and on behalf of Portfolio A – Global Strategy (“Fund I”);
	Passport Management, LLC (“Passport Management”);
	Passport Capital, LLC (“Passport Capital”); and
	John Burbank (“Burbank,” together with Fund I, Passport Management and Passport Capital, the “Reporting Persons”).

	Burbank is the sole managing member of Passport Capital; Passport Capital is the sole managing member of Passport Management. Passport Management is the investment manager to Fund I. As a result, each of Passport Management, Passport Capital and Burbank may be considered to share the power to vote or direct the vote of, and the power to dispose or direct the disposition of, the Shares owned of record by Fund I. This statement on Schedule 13G shall not be construed as an admission that any of the Reporting Persons (other than Fund I) is the beneficial owner of the securities covered by this statement.

Item 2(b).	Address of Principal Business Office:

	For each Reporting Person:

	C/O PASSPORT MANAGEMENT
	30 HOTALING PLACE SUITE 300
	SAN FRANCISCO, CA 94111

Item 2(c).	Citizenship:

	See row 4 of each Reporting Persons’ respective cover page.

Item 2(d).	Title of Class of Securities:

	Common Shares of the Company (the “Common Shares”)

Item 2(e).	CUSIP Number:

	22674V506

Item 3.	Not applicable.

Item 4.

Ownership.

	(a)	Amount beneficially owned:

		See Item 9 of each Reporting Persons’ respective cover page.

	(b)	Percent of class:

		See Item 11 of each Reporting Persons’ respective cover page.

	(c)	Number of shares for which each Reporting Person has sole or shared voting on disposition:

		See Items 5-8 of each Reporting Persons’ respective cover page.

Item 5.	Ownership of Five Percent or Less of a Class.

	If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ X ].

Item 6.	Ownership of More than Five Percent on Behalf of Another Person.

	Not Applicable.

Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported By the Parent Holding Company.

	Not Applicable.

Item 8.	Identification and Classification of Members of the Group.

	Not Applicable.

Item 9.	Notice of Dissolution of a Group.

	Not Applicable.

Item 10.	Certification.

	By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

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.

Dated: February 13, 2009

	PASSPORT GLOBAL MASTER FUND SPC LTD
	FOR AND ON BEHALF OF PORTFOLIO A –
	GLOBAL STRATEGY


	By:	/s/ JOHN BURBANK
		John Burbank
		Director


	PASSPORT MANAGEMENT, LLC


	By:	PASSPORT CAPITAL, LLC,
		as Managing Member


	By:	/s/ JOHN BURBANK
		John Burbank,
		Managing Member


	PASSPORT CAPITAL, LLC


	By:	/s/ JOHN BURBANK
		John Burbank,
		Managing Member


	/s/ JOHN BURBANK
	John Burbank

Exhibit 1

JOINT FILING AGREEMENT

In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the undersigned agree to the joint filing on behalf of each of them the statement on Schedule 13G to which this agreement is attached as an exhibit.

The undersigned further agree that each party hereto is responsible for the timely filing of such Schedule 13G and any amendments thereto, and for the completeness and accuracy of the information concerning such party contained therein; provided, however, that no party is responsible for the completeness or accuracy of the information concerning any other party making the filing, unless such party knows or has reason to believe that such information is inaccurate.

IN WITNESS WHEREOF, the parties have executed this Joint Filing Agreement on February 13, 2009.

	PASSPORT GLOBAL MASTER FUND SPC LTD
	FOR AND ON BEHALF OF PORTFOLIO A –
	GLOBAL STRATEGY


	By:	/s/ JOHN BURBANK
		John Burbank
		Director


	PASSPORT HOLDINGS, LLC


	By:	PASSPORT CAPITAL, LLC,
		as Managing Member


	By:	/s/ JOHN BURBANK
		John Burbank,
		Managing Member


	PASSPORT MANAGEMENT, LLC


	By:	PASSPORT CAPITAL, LLC,
		as Managing Member


	By:	/s/ JOHN BURBANK
		John Burbank,
		Managing Member


	PASSPORT CAPITAL, LLC


	By:	JOHN BURBANK
		John Burbank,
		Managing Member

	/s/ JOHN BURBANK
	John Burbank

CRITICAL PATH INC SC 13G/A