U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
- ------- ---------------------------
FORM 4 OMB APPROVAL
- ------- ---------------------------
OMB Number: 3235-0287
Expires: January 31, 2005
Estimated average burden
hours per response: ..0.5
---------------------------
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
[_] Check 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*
Vivendi Universal, S.A.
- --------------------------------------------------------------------------------
(Last) (First) (Middle)
375 Park Avenue
- --------------------------------------------------------------------------------
(Street)
New York New York 10152
- --------------------------------------------------------------------------------
(City) (State) (Zip)
- --------------------------------------------------------------------------------
2. Issuer Name and Ticker or Trading Symbol
USA Interactive (USAI) (formerly USA Networks, Inc.)
- --------------------------------------------------------------------------------
3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
- --------------------------------------------------------------------------------
4. Statement for Month/Day/Year
February 18, 2003
- --------------------------------------------------------------------------------
5. If Amendment, Date of Original (Month/Day/Year)
- --------------------------------------------------------------------------------
6. Relationship of Reporting Person to Issuer
(Check all applicable)
[_] Director [X] 10% Owner
[_] Officer (give title below) [_] Other (specify below)
- --------------------------------------------------------------------------------
7. Individual or Joint/Group Filing (Check applicable line)
[X] Form filed by one Reporting Person
[_] Form filed by more than one Reporting Person
- --------------------------------------------------------------------------------
================================================================================
Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
================================================================================
5.
Amount of 6.
4. Securities Owner-
Securities Acquired (A) Beneficially ship
2A. 3. or Disposed of (D) Owned Form: 7.
Deemed Transaction (Instr. 3, 4 and 5) Following Direct Nature of
2. Execution Code ------------------------------- Reported (D) or Indirect
1. Transaction Date, if (Instr. 8) (A) Transaction(s) Indirect Beneficial
Title of Security Date any ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock, par value 43,181,308 I (1)
$.01 per share ("Common
Stock"), of USA Interactive
("USAi")
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
====================================================================================================================================
Explanation of Responses:
(1) Vivendi Universal, S.A. ("Vivendi") owns 43,181,308 shares of Common Stock
indirectly through subsidiaries.
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).
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
================================================================================
10.
9. Owner-
Number ship
of Form
2. Deriv- of
Conver- 3A. 5. 7. ative Deriv- 11.
sion Deemed Number of Title and Amount Secur- ative Nature
or Exe- Derivative 6. of Underlying 8. ities Secur- of
Exer- cution 4. Securities Date Securities Price Bene- ity: In-
cise 3. Date, Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- if any action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action (Month/ Code of(D) (Month/Day/Year) Amount ative Following In- ficial
Title of Deriv- Date Day/ (Instr. (Instr. 3, ---------------- or Secur- Reported direct Owner-
Derivative ative (Month/ Year) 8) 4 and 5) Date Expira- Number ity Trans- (I) ship
Security Secur- Day/ ------ ------------ Exer- tion of (Instr.action(s) (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) (Instr. 4) 4) 4)
- ------------------------------------------------------------------------------------------------------------------------------------
Warrants (2) 2/18/03 S 28,000,000(D) 11/8/02 5/17/12 Common 28,000,000 (3) 32,467,735 D
Stock
- ------------------------------------------------------------------------------------------------------------------------------------
Class B Common (4) (4) (4) Common 13,430,000 13,430,000 I (5)
Stock, par value Stock
$.01 per share, of
USAi ("Class B
Common Stock")
- ------------------------------------------------------------------------------------------------------------------------------------
Put Option (right (6) 5/7/22 None Class 56,611,308 (7) 1 I (8)
to sell) B
Common
Stock/
Common
Stock
====================================================================================================================================
Explanation of Responses:
(2) Prior to the Reported Transaction, Vivendi used to hold 60,467,735 Warrants each to purchase one share of Common Stock, subject
to adjustment, at the following exercise prices: 24,187,094 Warrants ("Tranche A warrants") at $27.50 per share, 24,187,094
Warrants ("Tranche B Warrants") at $32.50 per share and 12,093,547 Warrants at $37.50 per share.
(3) On February 18, 2003, Vivendi sold to Deutsche Bank AG 21,000,000 Tranche A Warrants for $8.94 per Tranche A Warrant and
7,000,000 Tranche B Warrants for $7.52 per Tranche B Warrant. In connection with this transaction, Vivendi has granted to
Deutsche Bank AG an option to purchase all or a portion of an additional 3,187,094 Tranche A Warrants and 1,000,000 Tranche B
Warrants on the same terms. Such option expires on March 14, 2003.
(4) The shares of Class B Common Stock are identical in all respects to the shares of Common Stock except as to the number of votes
per share, and are convertible by the holder thereof on a share for share basis into shares of Common Stock at any time.
(5) Vivendi owns 13,430,000 shares Class B Common Stock indirectly through subsidiaries.
(6) Pursuant to the Amended and Restated Limited Liability Limited Partnership Agreement (the "Partnership Agreement") among USI
Entertainment Inc., USANI Holding XX, Inc., Universal Pictures International Holdings BV, Universal Pictures International
Holdings 2 BV, NYCSpirit Corp. II, USAi, USANi Sub LLC, New-U Studios Holdings, Inc. and Barry Diller dated as of May 7, 2002,
attached as Exhibit 48 to the Statement on Schedule 13D/A dated as of May 17, 2002, filed with the Securities and Exchange
Commission with respect to USAi, beginning on May 7, 2022, Vivendi and certain of its subsidiaries have a contractual right
that is the economic equivalent of a right to sell (the "Put Option") 13,430,000 shares of Class B Common Stock and 43,181,308
shares of Common Stock to USAi and certain of its subsidiaries in return for Class B Preferred Interests of Vivendi Universal
Entertainment LLLP that will become immediately redeemable for approximately $2,311,000,000 upon consummation of such
transaction.
(7) On May 7, 2002, as part of the overall transaction among the parties to the Partnership Agreement, Liberty Media Corporation
and its affiliates, Vivendi and certain of its subsidiaries entered into the Partnership Agreement granting them the Put
Option.
(8) The Put Option is a right of Vivendi and certain of its subsidiaries.
FORM 4 (continued)
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
/s/ George E. Bushnell III, Vice President February 20, 2003
- --------------------------------------------- -----------------------
**Signature of Reporting Person Date
Potential persons who are to respond to the collection of information
contained in this form are not required to respond unless the form displays a
currently valid OMB Number.
