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OMB APPROVAL
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OMB Number 3235-0104
Expires: January 31, 2005
Estimated average burden
hours per response ....... 0.5
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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
(Print or Type Responses)
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1. Name and Address of Reporting Person*
Lockwood David
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(Last) (First) (Middle)
c/o Schulte Roth & Zabel LLP, Attn: Stuart D. Freedman, Esq., 919 Third Avenue
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(Street)
New York NY 10022
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
02/13/2003
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3. IRS Identification Number of Reporting Person, if an entity (voluntary)
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4. Issuer Name AND Ticker or Trading Symbol
Liberate Technologies (OTC - LBRT.PK)
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
[_] Director [X] 10% Owner
[_] Officer (give title below) [_] Other (specify below)
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6. If Amendment, Date of Original (Month/Day/Year)
NOT APPLICABLE
________________________________________________________________________________
7. Individual or Joint/Group Filing (Check Applicable Line)
[_] Form filed by One Reporting Person
[X] Form filed by More than One Reporting Person
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TABLE I -- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
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3. Ownership Form:
2. Amount of Securities Direct (D) or
1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr. 5)
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Common Stock, $0.01 par value
(CUSIP: 530129105) 3,807,201 D(1)
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Common Stock, $0.01 par value
(CUSIP: 530129105) 8,225,700 I (2)
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Common Stock, $0.01 par value
(CUSIP: 530129105) 8,225,700 D(3)
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Common Stock, $0.01 par value
(CUSIP: 530129105) 8,225,700 I (4)
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* If the form is filed by more than one reporting person, SEE Instruction
5(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
PERSONS WHO 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.
(Over)
SEC 1473 (07-02)
Page 1 of 3
FORM 3 (continued)
TABLE II -- DERIVATIVE SECURITIES BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
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5. Owner-
3. Title and Amount of Securities ship
Underlying Derivative Security Form of
2. Date Exercisable (Instr. 4) Derivative
and Expiration Date --------------------------------- 4. Conver- Security:
(Month/Day/Year) Amount sion or Direct 6. Nature of
---------------------- or Exercise (D) or Indirect
Date Expira- Number Price of Indirect Beneficial
1. Title of Derivative Exer- tion of Derivative (I) Ownership
Security (Instr. 4) cisable Date Title Shares Security (Instr. 5) (Instr. 5)
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Not Applicable
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Explanation of Responses:
(1) The shares of Common Stock to which this note relates are held directly by
David Lockwood in his Individual Retirement Account.
(2) The shares of Common Stock to which this note relates are held indirectly by
David Lockwood, in his capacity as the Managing Member of Lockwood Capital
Advisors LLC, which is the Managing Member of Lockwood Fund LLC.
(3) The shares of Common Stock to which this note relates are held directly by
Lockwood Fund LLC.
(4) The shares of Common Stock to which this note relates are held indirectly by
Lockwood Capital Advisors LLC, in its capacity as the Managing Member of
Lockwood Fund LLC.
/s/ David Lockwood February 19, 2003
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Name: David Lockwood Date
**Signature of Reporting Person
** 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.
Persons who respond to the collection of information contained in this form are
not required to respond unless the form displays a currently valid OMB number.
Page 2 of 3
JOINT FILER INFORMATION
Name: Lockwood Fund LLC
Address: c/o Schulte Roth & Zabel LLP
919 Third Avenue
New York, NY 10022
Attn: Stuart D. Freedman, Esq.
Designated Filer: David Lockwood
Issuer Name: Liberate Technologies (OTC: LBRT.PK)
Date of Event Requiring Statement: 02/13/03
LOCKWOOD FUND LLC
By: LOCKWOOD CAPITAL ADVISORS LLC, its Managing Member
/s/ David Lockwood 02/19/2003
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Name: David Lockwood, Date
as Managing Member
Name: Lockwood Capital Advisors LLC
Address: c/o Schulte Roth & Zabel LLP
919 Third Avenue
New York, NY 10022
Attn: Stuart D. Freedman, Esq.
Designated Filer: David Lockwood
Issuer Name: Liberate Technologies (OTC: LBRT.PK)
Date of Event Requiring Statement: 02/13/03
LOCKWOOD CAPITAL ADVISORS LLC
/s/ David Lockwood 02/19/2003
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Name: David Lockwood, Date
as Managing Member
Page 3 of 3