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) SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. )* NETSOL INTERNATIONAL INC. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, $0.001 par value - -------------------------------------------------------------------------------- (Title of Class of Securities) 64115A105 - -------------------------------------------------------------------------------- (CUSIP Number) Najeeb U. Ghauri, President, NetSol International Inc. 233 Wilshire Blvd., Suite 930B, Santa Monica, California, 90401 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) - -------------------------------------------------------------------------------- (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 which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(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. *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. 64115 A 105 13D PAGE 2 OF 15 PAGES - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS/I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Blue Water Master Fund, L.P. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION British Virgin Islands - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 1,593,300 SHARES ----------------------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY 0 OWNED BY EACH ----------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER REPORTING 1,593,300 PERSON ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER WITH 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,935,700 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 22.68% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) PN - -------------------------------------------------------------------------------- CUSIP NO. 64115 A 105 13D PAGE 3 OF 15 PAGES - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS/I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Blue Water Partners I, L.P. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) OO - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 SHARES ----------------------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY 0 OWNED BY EACH ----------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER WITH 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,935,700 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 22.68% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) PN - -------------------------------------------------------------------------------- CUSIP NO. 64115 A 105 13D PAGE 4 OF 15 PAGES - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS/I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Blue Water Fund, LTD. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) OO - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION British Virgin Islands - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 SHARES ----------------------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY 0 OWNED BY EACH ----------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER WITH 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,935,700 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 22.68% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) CO - -------------------------------------------------------------------------------- CUSIP NO. 64115 A 105 13D PAGE 5 OF 15 PAGES - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS/I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Blue Water Partners, L.L.C. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) OO - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 SHARES ----------------------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY 0 OWNED BY EACH ----------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER WITH 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,935,700 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 22.68% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) CO - -------------------------------------------------------------------------------- CUSIP NO. 64115 A 105 13D PAGE 6 OF 15 PAGES - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS/I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) JDI Management Corp. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) OO - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION New York - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 SHARES ----------------------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY 0 OWNED BY EACH ----------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER WITH 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,935,700 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 22.68% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) CO - -------------------------------------------------------------------------------- CUSIP NO. 64115 A 105 13D PAGE 7 OF 15 PAGES - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS/I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Jonathan D. Iseson - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) OO - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 SHARES ----------------------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY 0 OWNED BY EACH ----------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER WITH 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,935,700 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 22.68% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) IN - -------------------------------------------------------------------------------- CUSIP NO. 64115 A 105 13D PAGE 8 OF 15 PAGES - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS/I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Blue Water Partners II, L.P. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 342,400 SHARES ----------------------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY 0 OWNED BY EACH ----------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER REPORTING 342,400 PERSON ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER WITH 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,935,700 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 22.68% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) PN - -------------------------------------------------------------------------------- CUSIP NO. 64115 A 105 13D PAGE 9 OF 15 PAGES ITEM 1. SECURITY AND ISSUER Security: Common Stock, $0.001 par value Issuer: NetSol International Inc., 233 Wilshire Blvd., Suite 930B, Santa Monica, California, 90401 ITEM 2. IDENTITY AND BACKGROUND a) Blue Water Master Fund, L.P., a limited partnership whose general partner is Blue Water Partners, L.L.C. Blue Water Fund, Ltd., an international business corporation whose managing member is Blue Water Partners, L.L.C. Blue Water Partners, L.L.C., a limited liability company whose members are JDI Management Corp. and Tuna Capital, L.L.C. JDI Management Corp., a corporation whose sole shareholder is Jonathan D. Iseson. Jonathan D. Iseson, an individual. Blue Water Partners I, L.P., a limited partnership whose general partner is Blue Water Partners, L.L.C. Blue Water Partners II, L.P., a limited partnership whose general partner is Blue Water Partners, L.L.C. b) Blue Water Master Fund, L.P. - c/o Citco Fund Services, Kaya Flamboyan 9, Curacao, Netherland Antilles Blue Water Fund, Ltd. - c/o Citco Fund Services, Kaya Flamboyan 9, Curacao, Netherland Antilles Blue Water Partners, L.L.C. - 701 Palomar Airport Road, Suite 150, Carlsbad, CA 92009 JDI Management Corp. - 6 Chanticlare, Manhasset, New York 11030 Jonathan D. Iseson - 6 Chanticlare, Manhasset, New York 11030 Blue Water Partners I, L.P. - 6 Chanticlare, Manhasset, New York 11030 Blue Water Partners II, L.P. - 6 Chanticlare, Manhasset, New York 11030 c) Blue Water Master Fund, L.P. - Investment trading and management Blue Water Fund, Ltd - Investment trading and management Blue Water Partners, L.L.C. - Investment trading and management JDI Management Corp. - Investment trading and management Jonathan D. Iseson - Investment trading and management Blue Water Partners I, L.P. - Investment trading and management Blue Water Partners II, L.P. - Investment trading and management d) Blue Water Master Fund, L.P. has not been convicted in a criminal proceeding in the past five years. Blue Water Fund, Ltd. has not been convicted in a criminal proceeding in the past five years. Blue Water Partners, L.L.C. has not been convicted in a criminal proceeding in the past five years. JDI Management Corp. has not been convicted in a criminal proceeding in the past five years. Jonathan D. Iseson has not been convicted in a criminal proceeding in the past five years. Blue Water Partners I, L.P. has not been convicted in a criminal proceeding in the past five years. Blue Water Partners II, L.P. has not been convicted in a criminal proceeding in the past five years. e) Blue Water Master Fund, L.P. has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction in the past five years relating to federal or state securities laws. Blue Water Fund, Ltd. has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction in the past five years relating to federal or state securities laws. Blue Water Partners, L.L.C. has not been a party to a civil proceeding of a judicial or administrative body of CUSIP NO. 64115 A 105 13D PAGE 10 OF 15 PAGES competent jurisdiction in the past five years relating to federal or state securities laws. JDI Management Corp. has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction in the past five years relating to federal or state securities laws. Jonathan D. Iseson has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction in the past five years relating to federal or state securities laws. Blue Water Partners I, L.P. has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction in the past five years relating to federal or state securities laws. Blue Water Partners II, L.P. has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction in the past five years relating to federal or state securities laws. f) Citzenship: Blue Water Master Fund, L.P. - British Virgin Islands Blue Water Fund, Ltd. - British Virgin Islands Blue Water Partners, L.L.C. - California JDI Management Corp. - New York Jonathan D. Iseson - United States of America Blue Water Partners I, L.P. - Delaware Blue Water Partners II, L.P. - Delaware ITEM 3. SOURCE AND AMOUNT OF FUNDS Source: In each case the source of funds used to acquire securities of the issuer by the two entities holding title to the shares was from the working capital of the entity acquiring title to the shares. The working capital was derived from the sale of limited partnership interests to investors. Other than margin used in securities trading accounts, no borrowed funds were used in the acquisition by the entities holding title to the shares of the issuer. Amount: The aggregate cost of the shares to the entities holding title to the shares of the issuer was $33,743,964.62. ITEM 4. PURPOSE OF THE TRANSACTION In each case, the shares were acquired as a passive investment to be held for capital appreciation and not with any intention to effect a change of control of the issuer. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER a) Amount of Securities: 1,935,700 Percent: 22.68% b) Blue Water Master Fund, L.P. holds title to and has sole power to vote or to direct the vote of 1,593,300 of the 1,935,700 shares described in this filing. The limited partners of Blue Water Master Fund, L.P. are Blue Water Partners I, L.P. and Blue Water Fund, Ltd. Because they are the only limited partners of Blue Water Master Fund, L.P., their ownership of interests in Blue Water Master Fund L.P. may, under SEC interpretations, be deemed ownership of the securities owned by Blue Water Master Fund, L.P. Blue Water Partners I, L.P. and Blue Water Fund, Ltd. each specifically disclaims ownership of the securities described in this report. Blue Water Partners II, L.P. holds title to and has sole power to vote or to direct the vote of 342,400 of the 1,935,700 shares described in this filing. Blue Water Partners, L.L.C. is the general partner of each of Blue Water Master Fund, L.P. and Blue Water Partners II, L.P., and as such may, under SEC interpretations, be deemed a beneficial owner of the securities held by the partnerships. Blue Water Partners, L.L.C. specifically disclaims ownership of the securities described in this report. JDI Management Corp. provides investment advisory services to Blue Water Partners, L.L.C., and as such may, under SEC interpretations, be deemed a beneficial owner of the securities held by the partnerships. JDI Management Corp. specifically disclaims ownership of the securities CUSIP NO. 64115 A 105 13D PAGE 11 OF 15 PAGES described in this report. Jonathan D. Iseson holds a controlling interest in JDI Management Corp. and as such may, under SEC interpretations, be deemed a beneficial owner of the securities held by the partnerships. Jonathan D. Iseson specifically disclaims ownership of the securities described in this report. c) See attached schedule. d) (Not applicable) e) Not applicable ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER None. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS Exhibit Number Description ------ ----------- None. n/a CUSIP NO. 64115 A 105 13D PAGE 12 OF 15 PAGES NETSOL INTERNATIONAL, INC. FORM 13D SCHEDULE A TO ITEM 5(C) FILED BY BLUE WATER MASTER FUND, L.P. ET AL. 5-APR-00 COMMON STOCK ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
TITLE OF SECURITY TRANSACTION DATE AMOUNT ACQUIRED (A) PRICE (MONTH/DAY/YEAR) DISPOSED OF (D) BLUE WATER MASTER FUND, L.P. TRANSACTIONS Common Stock 02/10/00 5,300.00 D 23.50 Common Stock 02/11/00 14,700.00 D 29.75 Common Stock 02/11/00 27,600.00 D 29.75 Common Stock 02/14/00 2,500.00 A 30.88 Common Stock 02/15/00 1,000.00 A 30.00 Common Stock 02/15/00 20,000.00 A 29.88 Common Stock 02/16/00 5,000.00 D 31.63 Common Stock 02/16/00 2,000.00 A 30.00 Common Stock 2/16/00 10,000 A 31.75 Common Stock 2/17/00 2,000 A 34.13 Common Stock 2/18/00 8,900 A 41.50 Common Stock 4/4/00 22,000 A 47.00 Common Stock 4/4/00 31,000 A 51.95 Common Stock 4/4/00 16,000 A 48.50 Common Stock 4/5/00 21,000 A 61.63 Common Stock 4/5/00 14,000 A 60.94
CUSIP NO. 64115 A 105 13D PAGE 13 OF 15 PAGES Common Stock 4/5/00 7,500 A 59.79 Common Stock 4/5/00 2,500 A 61.00 Common Stock 4/7/00 3,500 A 63.88 Common Stock 4/10/00 7,600 A 63.83 Common Stock 4/11/00 10,000 A 61.25 BLUE WATER PARTNERS II, L.P. TRADES Common Stock 02/10/00 3,000.00 A 23.75 Common Stock 02/11/00 3,400.00 D 29.75 Common Stock 02/11/00 1,800.00 D 29.75 Common Stock 02/11/00 1,000.00 A 24.75 Common Stock 02/14/00 2,500.00 A 30.88 Common Stock 02/15/00 15,000.00 A 29.88 Common Stock 02/15/00 1,500.00 A 30.00 Common Stock 02/16/00 500.00 A 30.00 Common Stock 02/16/00 1,000.00 D 31.63 Common Stock 02/16/00 3,000 A 31.75 Common Stock 02/17/00 500 A 34.13 Common Stock 02/18/00 1,100.00 A 41.50 Common Stock 02/24/00 56,200.00 A 40.19 Common Stock 02/28/00 9,500.00 A 46.58 Common Stock 02/25/00 5,600.00 A 46.00 Common Stock 02/29/00 7,500.00 A 46.38
CUSIP NO. 64115 A 105 13D PAGE 14 OF 15 PAGES Common Stock 03/14/00 6,000.00 A 59.31 Common Stock 03/15/00 7,000.00 A 58.06 Common Stock 03/15/00 2,500.00 A 58.25 Common Stock 03/17/00 5,000.00 A 63.50 Common Stock 03/21/00 13,000.00 A 61.00 Common Stock 03/21/00 3,500.00 A 60.50 Common Stock 03/21/00 2,500.00 A 60.94 Common Stock 03/22/00 7,500.00 A 60.94 Common Stock 03/16/00 2,300.00 A 60.50 Common Stock 03/27/00 6,500.00 A 63.06 Common Stock 03/29/00 6,000.00 A 61.44 Common Stock 03/29/00 4,000.00 A 62.06 Common Stock 03/30/00 8,500.00 A 60.38 Common Stock 04/04/00 2,000.00 A 48.50 Common Stock 04/04/00 4,000.00 A 51.95
All transactions were open market purchases in the over-the counter secondary market. CUSIP NO. 64115 A 105 13D PAGE 15 OF 15 PAGES SIGNATURES 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. - ------------------------------------------------------------------------------------------------------------- BLUE WATER MASTER FUND, L.P. BLUE WATER FUND, LTD. By: Blue Water Partners, L.L.C. Its General Partner By: Jonathan D. Iseson Its Director By: JDI Management Corp. Its Principal ----------------------------- By: Jonathan D. Iseson Its Principal - ------------------------------------------------------------------------------------------------------------- BLUE WATER PARTNERS, L.L.C. JDI MANAGEMENT CORP. By: JDI Management Corp. Its Principal By: Jonathan D. Iseson Its Principal By: Jonathan D. Iseson Its Principal - ------------------------------------------------------------------------------------------------------------- BLUE WATER PARTNERS I, L.P. JONATHAN D. ISESON By: Blue Water Partners, L.L.C. Its General Partner By: JDI Management Corp. Its Principal By: Jonathan D. Iseson Its Principal - ------------------------------------------------------------------------------------------------------------- BLUE WATER PARTNERS II, L.P. By: Blue Water Partners, L.L.C. Its General Partner Dated:_______________________________ By: JDI Management Corp. Its Principal By: Jonathan D. Iseson Its Principal - -------------------------------------------------------------------------------------------------------------