UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Amendment No._____)*
Under the Securities Exchange Act of 1934
JetBlue Airways Corporation
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
--------------------------------------------------------------------------------
(Title of Class of Securities)
477143101
------------------------------
(CUSIP Number)
February 7, 2003
--------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[_] Rule 13d-1(b)
[_] Rule 13d-1(c)
[X] Rule 13d-1(d)
*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 the
disclosures provided in a prior cover page.
The information required in 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).
Page 1 of 8 pages
CUSIP No.: 477143101 Page 2 of 8 Pages
------------------------------------------------------------------------------
NAMES OF REPORTING PERSONS.
1. SS or I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Weston Presidio Capital III, L.P. 04-3433800
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2. (a) [X]
(b) [_]
------------------------------------------------------------------------------
SEC USE ONLY
3.
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4.
Delaware, United States of America
------------------------------------------------------------------------------
SOLE VOTING POWER
5.
NUMBER OF
1,909,917
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6.
OWNED BY 0
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7.
REPORTING
1,909,917
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8.
0
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9.
1,909,917
------------------------------------------------------------------------------
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
10.
[-]
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.
4.51%
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON
12.
PN
------------------------------------------------------------------------------
Page 2 of 8 Pages
CUSIP No.: 477143101 Page 3 of 8 Pages
------------------------------------------------------------------------------
NAMES OF REPORTING PERSONS.
1. SS or I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
WPC Entrepreneur Fund, L.P. 04-3433798
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2. (a) [X]
(b) [_]
------------------------------------------------------------------------------
SEC USE ONLY
3.
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4.
Delaware, United States of America
------------------------------------------------------------------------------
SOLE VOTING POWER
5.
NUMBER OF
94,948
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6.
OWNED BY 0
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7.
REPORTING
94,948
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8.
0
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9.
94,948
------------------------------------------------------------------------------
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
10.
[-]
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.
0.22%
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON
12.
PN
------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 3 of 8 Pages
CUSIP No.: 477143101 Page 4 of 8 Pages
------------------------------------------------------------------------------
NAMES OF REPORTING PERSONS.
1. SS or I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Weston Presidio Capital II, L.P.
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2. (a) [X]
(b) [_]
------------------------------------------------------------------------------
SEC USE ONLY
3.
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4.
Delaware, United States of America
------------------------------------------------------------------------------
SOLE VOTING POWER
5.
NUMBER OF
668,287
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6.
OWNED BY 0
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7.
REPORTING
668,287
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8.
0
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9.
668,287
------------------------------------------------------------------------------
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
10.
[-]
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.
1.58%
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON
12.
PN
------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 4 of 8 Pages
Item 1.
(a) Name of Issuer: JetBlue Airways Corporation
(b) Address of Issuer's Principal Executive Offices:
118-29 Queens Blvd.
Forest Hills, New York 11375
Item 2.
(a) Name of Person Filing:
Weston Presidio Service Company, LLC ("Weston Presidio") on behalf of
Weston Presidio Capital III, L.P. ("Weston III") and
WPC Entrepreneur Fund, L.P. ("Entrepreneur Fund") and
Weston Presidio Capital II, L.P. (Weston II)
(b) Address of Principal Business Office:
c/o Weston Presidio
Pier 1, Bay 2
San Francisco, CA 94111
(c) Citizenship/Place of Organization:
Weston Presidio - DE
Weston III - DE
Entrepreneur Fund - DE
Weston II - DE
(d) Title of Class of Securities: Common Stock
(e) CUSIP Number: 477143101
Item 3.
Not applicable.
Page 5 of 8 pages
Item 4. Ownership.
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Weston III Entrepreneur Fund Weston II
---------------------------------------------------------------------------------------------------------
(a) Beneficial Ownership 1,909,917 94,948 668,287
---------------------------------------------------------------------------------------------------------
(b) Percentage of Class 4.51% 0.22% 1.58%
---------------------------------------------------------------------------------------------------------
(c)(i) Sole Voting Power 1,909,917 94,948 668,287
---------------------------------------------------------------------------------------------------------
(ii) Shared Voting Power -0- -0- -0-
---------------------------------------------------------------------------------------------------------
(iii) Sole Dispositive Power 1,909,917 94,948 668,287
---------------------------------------------------------------------------------------------------------
(iv) Shared Dispositive Power -0- -0- -0-
---------------------------------------------------------------------------------------------------------
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date hereof
the reporting person has ceased to be the beneficial owner of more than five
percent of class of securities, check the following: [_]
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company.
Not applicable.
Item 8. Identification and Classification of Members of the Group
No reporting person is a member of a group as defined in Section 240.13d-
1(b)(1)(ii)(H) of the Act.
Item 9. Notice of Dissolution of Group
Not applicable.
EXHIBIT(S):
A: Joint Filing Statement
Page 6 of 8 pages
Item 10. Certification
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.
Date: February 7, 2003
Weston Presidio Capital III, L.P.
By: Weston Presidio Capital Management III, LLC
its General Partner
By: /s/ Michael Lazarus
--------------------------------
Managing Member
WPC Entrepreneur Fund, L.P.
By: Weston Presidio Capital Management III, LLC
its General Partner
By: /s/ Michael Lazarus
--------------------------------
Managing Member
Weston Presidio Capital II, L.P.
By: Weston Presidio Capital Management II, L.P.
By: /s/ Michael Lazarus
--------------------------------
Managing Partner
Weston Presidio Service Company, LLC
By: /s/ Michael Lazarus
--------------------------------
Managing Member
Page 7 of 8 pages
Exhibit A
We, the undersigned, hereby express our agreement that the attached
Schedule 13G is filed on behalf of us.
Date: February 7, 2003
Weston Presidio Capital III, L.P.
By: Weston Presidio Capital Management III, LLC
its General Partner
By: /s/ Michael Lazarus
--------------------------------
Managing Member
WPC Entrepreneur Fund, L.P.
By: Weston Presidio Capital Management III, LLC
its General Partner
By: /s/ Michael Lazarus
------------------------------
Managing Member
Weston Presidio Capital II, L.P.
By: Weston Presidio Capital Management II, L.P.
its General Partner
By: /s/ Michael Lazarus
------------------------------
Managing Partner
Page 8 of 8 pages