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OMB APPROVAL
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OMB Number: 3235-0101
Expires: August 31, 2003
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SEC USE ONLY
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DOCUMENT SEQUENCE NO.
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CUSIP NUMBER
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WORK LOCATION
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 144
NOTICE OF PROPOSED SALE OF SECURITIES
PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
ATTENTION: Transmit for filing 3 copies of this form concurrently with either
placing an order with a broker to execute sale or executing a sale
directly with a market maker.
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1. (a) NAME OF ISSUER (Please type or print)
PeoplePC, Inc.
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(b) IRS IDENT. NO.
13-4048510
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(c) S.E.C. FILE NO.
000-31299
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(d) ADDRESS OF ISSUER
100 Pine St., Suite 1100 San Francisco CA 94111
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(STREET) (CITY) (STATE) (ZIP CODE)
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(e) TELEPHONE NO.
415 732-4400
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(AREA CODE) (NUMBER)
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2. (a) NAME OF PERSON FOR WHOSE ACCOUNT THE SECURITIES ARE TO BE SOLD
Benake L.P., c/o Lynn Forester
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(b) IRS IDENT. NO.
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(c) RELATIONSHIP TO ISSUER
Stockholder
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(d) ADDRESS
c/o Firstmark Communications
International LLC
660 Madison Avenue New York New York 10020
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(STREET) (CITY) (STATE) (ZIP CODE)
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INSTRUCTION: The person filing this notice should contact the issuer to obtain
the I.R.S. Identification Number and the S.E.C. File Number.
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3 (a) (b) (c) (d) (e) (f) (g)
Name and Address of Number of Number of
Each Broker Through Shares or Aggregate Shares or Approximate Name of Each
Title of the Whom the Securities are SEC USE ONLY Other Units Market Other Units Date of Sale Securities
Class of to be Offered or Each ------------ To Be Sold Value Outstanding (See instr. Exchange
Securities Market Maker who is Broker-Dealer (See instr. (See instr. (See instr. 3(f)) (See instr.
To Be Sold Acquiring the Securities File Number 3(c)) 3(d)) 3(e)) (MO. DAY YR.) 3(g))
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Common Stock, Bear, Stearns & Co. 300,000 $300,000 115,154,068 2/15/01 Nasadaq
par value 245 Park Avenue as of National
$.0001 per share New York, New York 10167 February, Market
14, 2001
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INSTRUCTIONS:
1. (a) Name of issuer
(b) Issuer's I.R.S. Identification Number
(c) Issuer's S.E.C. file number, if any
(d) Issuer's address, including zip code
(e) Issuer's telephone number, including area code
2. (a) Name of person for whose account the securities are to be sold
(b) Such person's I.R.S. identification number, if such person is an entity
(c) Such person's relationship to the issuer (e.g., officer, director, 10%
stockholder, or member of immediate family of any of the foregoing)
(d) Such person's address, including zip code
3. (a) Title of the class of securities to be sold
(b) Name and address of each broker through whom the securities are intended
to be sold
(c) Number of shares or other units to be sold (if debt securities, give the
aggregate face amount)
(d) Aggregate market value of the securities to be sold as of a specified
date within 10 days prior to the filing of this notice
(e) Number of shares or other units of the class outstanding, or if debt
securities the face amount thereof outstanding, as shown by the most
recent report or statement published by the issuer
(f) Approximate date on which the securities are to be sold
(g) Name of each securities exchange, if any, on which the securities are
intended to be sold
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 CONTROL NUMBER.
SEC 1147(7-97)
TABLE I - SECURITIES TO BE SOLD
Furnish the following information with respect to the acquisition
of the securities to be sold and with respect to the payment of all
or any part of the purchase price or other consideration therefor:
Name of Person
Nature of from Whom Acquired Amount of Date Nature
Title of Date you Acquisition (If gift, also give Securities of of
the Class Acquired Transaction date donor acquired) Acquired Payment Payment
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Series A 5/13/99 Purchase PeoplePC, Inc. 1,820,000 5/13/99 Cash
Preferred
Stock*
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* The Series A Preferred Stock automatically converted into Common Stock
upon the closing of an initial public offering on August 16, 2000.
INSTRUCTIONS:
1. If the securities were purchased and full payment therefor was not made in
cash at the time of purchase, explain in the table or in a note thereto the
nature of the consideration given. If the consideration consisted of any
note or other obligation, or if payment was made in installments describe
the arrangement and state when the note or other obligation was discharged
in full or the last installment paid.
2. If within two years after the acquisition of the securities the person for
whose account they are to be sold had any short positions, put or other
option to dispose of securities referred to in paragraph (d)(3) of Rule
144, furnish full information with respect thereto.
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TABLE II - SECURITIES SOLD DURING THE PAST 3 MONTHS
Furnish the following information as to all securities of the issuer
sold during the past 3 months by the person for whose account the
securities are to be sold.
Amount of
Name and Address of Seller Title of Securities Sold Date of Sale Securities Sold Gross Proceeds
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None.
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REMARKS:
Lynn Forester is the General Partner of Benake L.P.
INSTRUCTIONS:
See the definition of "person" in paragraph (a) of Rule 144. Information is to
be given not only as to the person for whose account the securities are to be
sold but also as to all other persons included in that definition. In addition,
information shall be given as to sales by all persons whose sales are required
by paragraph (e) of Rule 144 to be aggregated with sales for the account of the
person filing his notice.
ATTENTION:
The person for whose account the securities to which this notice relates are
to be sold hereby represents by signing this notice that he does not know any
material adverse information in regard to the current and prospective
operations of the Issuer of the securities to be sold which has not been
publicly disclosed.
This amendment amends the notice initially filed on: February 15, 2001
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(DATE OF NOTICE)
/s/ Lynn Forester
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(SIGNATURE)
The notice shall be signed by the person for whose account the securities
are to be sold. At least one copy of the notice shall be manually signed.
Any copies not manually signed shall bear typed or printed signatures.
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ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSION OF FACTS CONSTITUTE
FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001)
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SEC 1147 (7-97)