SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
----------------------
AMENDMENT NO. 7 TO
SCHEDULE 13D
(RULE 13D-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13D-1(A) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13D-2(A)
LENDINGTREE, INC.
--------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK, PAR VALUE $ 0.01 PER SHARE
--------------------------------------------------------------------------------
(Title of Class of Securities)
526020-10-5
--------------------------------------------------------------------------------
(CUSIP Number)
Capital Z Management, LLC
54 Thompson Street
New York, New York 10012
Attention: David A. Spuria, Esq.
(212) 965-0800
--------------------------------------------------------------------------------
(Name, address and telephone number of person
authorized to receive notices and communications)
August 8, 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 Rule 13d-1(e), (f) or (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 Rule 13d-7(b) for other
parties to whom copies are to be sent.
(Continued on the following pages)
Page 1 of 8 Pages
========== ========================================================================================================
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
SPECIALTY FINANCE PARTNERS
---------- --------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
---------- --------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
---------- --------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
00 - CONTRIBUTIONS FROM PARTNERS
---------- --------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ]
---------- --------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
BERMUDA
--------------------------------------------------- --------- -----------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES 0
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
--------------------------------------------------- --------- -----------------------------------------------------
8 SHARED VOTING POWER
--------------------------------------------------- --------- -----------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------- --------- -----------------------------------------------------
10 SHARED DISPOSITIVE POWER
---------- --------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
---------- --------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11
EXCLUDES CERTAIN SHARES [ ]
---------- --------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0.0%
---------- --------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
---------- --------------------------------------------------------------------------------------------------------
Page 2 of 8 Pages
========== ========================================================================================================
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
CAPITAL Z FINANCIAL SERVICES FUND II, L.P.*
---------- --------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
---------- --------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
---------- --------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
NOT APPLICABLE
---------- --------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ]
---------- --------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
BERMUDA
--------------------------------------------------- --------- -----------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
--------------------------------------------------- --------- -----------------------------------------------------
8 SHARED VOTING POWER
0
--------------------------------------------------- --------- -----------------------------------------------------
9 SOLE DISPOSITIVE POWER
--------------------------------------------------- --------- -----------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
---------- --------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
---------- --------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11
EXCLUDES CERTAIN SHARES [ ]
---------- --------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0.0%
---------- --------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
---------- --------------------------------------------------------------------------------------------------------
*Solely in its capacity as a general partner of Specialty Finance Partners.
Page 3 of 8 Pages
========== ========================================================================================================
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
CAPITAL Z PARTNERS, L.P.*
---------- --------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
---------- --------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
---------- --------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
NOT APPLICABLE
---------- --------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ]
---------- --------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
BERMUDA
--------------------------------------------------- --------- -----------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
--------------------------------------------------- --------- -----------------------------------------------------
8 SHARED VOTING POWER
0
--------------------------------------------------- --------- -----------------------------------------------------
9 SOLE DISPOSITIVE POWER
--------------------------------------------------- --------- -----------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
---------- --------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
---------- --------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11
EXCLUDES CERTAIN SHARES [ ]
---------- --------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0.0%
---------- --------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
---------- --------------------------------------------------------------------------------------------------------
*Solely in its capacity as the sole general partner of Capital Z Financial
Services Fund II, L.P.
Page 4 of 8 Pages
========== ========================================================================================================
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
CAPITAL Z PARTNERS, LTD.*
---------- --------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
---------- --------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
---------- --------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
NOT APPLICABLE
---------- --------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ]
---------- --------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
BERMUDA
--------------------------------------------------- --------- -----------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
--------------------------------------------------- --------- -----------------------------------------------------
8 SHARED VOTING POWER
0
--------------------------------------------------- --------- -----------------------------------------------------
9 SOLE DISPOSITIVE POWER
--------------------------------------------------- --------- -----------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
---------- --------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
---------- --------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11
EXCLUDES CERTAIN SHARES [ ]
---------- --------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0.0%
---------- --------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
---------- --------------------------------------------------------------------------------------------------------
*Solely in its capacity as the sole general partner of Capital Z Partners, L.P.
Page 5 of 8 Pages
This Amendment No. 7 ("Amendment No. 7") amends the statement on
Schedule 13D, dated October 10, 2000 (the "Initial Schedule 13D"), as amended in
certain respects by Amendment No. 1 thereto, dated March 26, 2001 ("Amendment
No. 1"), Amendment No. 2 thereto, dated March 26, 2001 ("Amendment No. 2"),
Amendment No. 3 thereto, dated June 8, 2001 ("Amendment No. 3"), Amendment No. 4
thereto, dated April 3, 2002 ("Amendment No. 4"), Amendment No. 5 thereto, dated
November 12, 2002 ("Amendment No. 5") and Amendment No. 6 thereto, dated May 8,
2003 ("Amendment No. 6" and, together with the Initial Schedule 13D, Amendment
No. 1, Amendment No. 2, Amendment No. 3, Amendment No. 4, Amendment No. 5 and
Amendment No. 7, the "Schedule 13D"), and is filed jointly on behalf of
Specialty Finance Partners, a Bermuda general partnership ("Specialty Finance
Partners"), Capital Z Financial Services Fund II, L.P., a Bermuda limited
partnership ("Capital Z Fund II"), Capital Z Partners, L.P., a Bermuda limited
partnership ("Capital Z L.P."), and Capital Z Partners, Ltd., a Bermuda
corporation ("Capital Z Ltd.") (each, a "Reporting Person" and collectively, the
"Reporting Persons"), in respect of the shares of Common Stock, par value $0.01
per share (the "Common Stock"), of LendingTree, Inc. (the "Company").
The Schedule 13D is hereby amended as follows:
ITEM 5. INTEREST IN SECURITIES OF ISSUER
The information contained in Item 5(a)-(c) and 5(e) of the Schedule
13D is hereby amended and restated in its entirety as follows:
(A)-(B)
Specialty Finance Partners beneficially owns no shares of Common
Stock by virtue of the conversion of each of its shares of Common Stock into
0.6199 of a share of common stock, par value $0.01 ("IAC Common Stock"), of
InterActive Corp (formerly known as USA Interactive), a Delaware corporation
"IAC") in connection with the merger of Forest Merger Corp., a wholly owned
subsidiary of IAC ("Merger Sub"), with and into the Company on August 8, 2003
(the "Merger") pursuant to the Agreement and Plan of Merger, dated as of May 5,
2003, by and among IAC, Merger Sub and the Company. After the accelerated
vesting of certain stock options triggered by the Merger, Specialty Finance
Partners beneficially owned an aggregate of 4,487,242 shares of Common Stock by
virtue of (i) the fact that it was the holder of record of 2,086,420 shares of
Common Stock, (ii) its expected ability to convert (as discussed in Item 6 of
Amendment No. 1) 2,156,726 shares of Series A 8% Convertible Preferred Stock,
par value $0.01 per share (the "Series A Preferred Stock"), into 2,359,890
shares of Common Stock as of August 8, 2003 and (iii) the ability of Capital Z
Management, LLC, a Delaware limited liability company ("Capital Z Management")
related to Specialty Finance Partners, to receive within 60 days of the
effective time of the Merger 40,932 shares of Common Stock that were issuable
upon exercise of stock options held Capital Z Management. Except for shares
issuable pursuant to these stock options, Specialty Finance Partners had the
sole power to vote or to direct the vote, and to dispose or to direct the
disposition, of such shares prior to the Merger.
As of the effective time of the Merger, Capital Z Fund II (the
general partner of Specialty Finance Partners), Capital Z L.P. (the sole general
partner of Capital Z Fund II) and Capital Z Ltd. (the sole general partner of
Capital Z L.P.) may not be deemed to own any shares of the Common Stock by
Page 6 of 8 Pages
virtue of the fact that Specialty Finance Partners beneficially owns no shares
of Common Stock. Immediately prior to the effective time of the Merger, each of
Capital Z Fund II, Capital Z L.P. and Capital Z Ltd. may have been deemed to
beneficially own an aggregate of 4,487,242 shares of Common Stock, by virtue of
Specialty Finance Partners' ownership of Common Stock, its expected ability to
convert the shares of Series A Preferred Stock owned by it into shares of Common
Stock and the expected ability of Capital Z Management to receive shares of
Common Stock upon the exercise of stock options exercisable within 60 days of
the effective time of the Merger, as described above. Except for shares issuable
pursuant to these stock options, each of Capital Z Fund II, Capital Z L.P. and
Capital Z Ltd. had the shared power to vote or to direct the vote, and to
dispose or to direct the disposition, of such shares prior to the Merger.
(C)
Except as described in Item 6, none of the Reporting Persons has
effected any transactions in shares of Common Stock or Series A Preferred Stock
during the past 60 days.
(E)
As of the effective time of the Merger on August 8, 2003, the
Reporting Persons ceased to be beneficial owners of more than five (5) percent
of the Company's Common Stock.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
Item 6 of Amendment No. 6 is hereby amended by adding the following
at the end thereto:
On August 8, 2003, Merger Sub merged with and into the Company. As a
result of the Merger, all Common Stock and options to purchase Common Stock were
converted into IAC Common Stock or options to purchase IAC Common Stock.
Page 7 of 8 Pages
SIGNATURES
After reasonable inquiry and to the best of my knowledge
and belief, each of the undersigned certifies that the information set forth in
this Statement is true, complete, and correct.
Date: August 11, 2003
SPECIALTY FINANCE PARTNERS
By: Capital Z Partners, Ltd., its ultimate general partner
By: /s/ David A. Spuria
------------------------------------------------------
David A. Spuria
General Counsel, Vice President of
Administration and Secretary
CAPITAL Z FINANCIAL SERVICES FUND II, L.P.
By: Capital Z Partners, Ltd., its ultimate general partner
By: /s/ David A. Spuria
------------------------------------------------------
David A. Spuria
General Counsel, Vice President of
Administration and Secretary
CAPITAL Z PARTNERS, L.P.
By: Capital Z Partners, Ltd., its general partner
By: /s/ David A. Spuria
------------------------------------------------------
David A. Spuria
General Counsel, Vice President of
Administration and Secretary
CAPITAL Z PARTNERS, LTD.
By: /s/ David A. Spuria
------------------------------------------------------
David A. Spuria
General Counsel, Vice President of
Administration and Secretary
Page 8 of 8 Pages