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SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)
Gaiam, Inc.
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(Name of Company)
Class A Common Stock, par value $0.0001 per share
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(Title of Class of Securities)
3268Q103
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(CUSIP Number of Class of Securities)
Michael Weiss Eleazer Klein
Prentice Capital Management, LP Schulte Roth & Zabel LLP
623 Fifth Avenue, 32nd Floor 919 Third Avenue
New York, NY 10022 New York, NY 10022
(212) 756-8040 (212) 756-2376
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
November 22, 2005
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(Date of Event which Requires
Filing of this Schedule)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of ss.ss.240.13d-1(e), 240.13d-1(f) or 240.13d-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 ss.240.13d-7 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).
SCHEDULE 13D
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CUSIP NO. 3268Q103 PAGE 2 OF 6 PAGES
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Prentice Capital Management, LP
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC (See Item 3)
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
[ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
0
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NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 3,326,814
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 0
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10 SHARED DISPOSITIVE POWER
3,326,814
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
3,326,814
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5)
21.9%
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14 TYPE OF REPORTING PERSON*
PN
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SCHEDULE 13D
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CUSIP NO. 3268Q103 PAGE 3 OF 6 PAGES
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Michael Zimmerman
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC (See Item 3)
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
[ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
8,705
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NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 3,329,814
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 8,705
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10 SHARED DISPOSITIVE POWER
3,329,814
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
3,338,519
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5)
21.9%
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14 TYPE OF REPORTING PERSON*
IN
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CUSIP No. 3268Q103 SCHEDULE 13D Page 4 of 6 Pages
Reference is made to the Statement on Schedule 13D filed on July 8, 2005,
as amended on May 1, 2006 (the "Schedule 13D"), on behalf of Prentice Capital
Management, LP ("PRENTICE CAPITAL MANAGEMENT") and Michael Zimmerman ("MR.
ZIMMERMAN" and, together with Prentice Capital Management, the "REPORTING
PERSONS"), relating to the Class A Common Stock, par value $0.0001 per share, of
Gaiam, Inc., a Colorado corporation (the "COMPANY"). Unless the context
otherwise requires, references herein to the "Shares" are to the Class A Common
Stock of the Company.
The Reporting Persons are making this single, joint filing because they may
be deemed to constitute a "group" within the meaning of Section 13(d)(3) of the
Act.
This Amendment No. 2 is being filed to correctly list names of the private
investment funds that effected the transactions set forth on Exhibit A.
Prentice Capital Management serves as investment manager to investment
funds (including Prentice Capital Partners, LP, Prentice Capital Partners QP,
LP, Prentice Capital Offshore, Ltd., Prentice Special Opportunities, LP,
Prentice Special Opportunities Offshore, Ltd. and Prentice Special Opportunities
Master, L.P.) and manages investments for certain entities in managed accounts
with respect to which it has voting and dispositive authority over Shares
reported in this Schedule 13D. Mr. Zimmerman is the Managing Member of (a)
Prentice Management GP, LLC, the general partner of Prentice Capital Management,
(b) Prentice Capital GP, LLC, the general partner of certain investment funds
and (c) Prentice Capital GP II, LLC, the Managing Member of Prentice Capital GP
II, LP, which is the general partner of certain other investment funds. As such,
he may be deemed to control Prentice Capital Management and certain of the
investment funds and therefore may be deemed to be the beneficial owner of the
Shares reported in this Schedule 13D.
Prentice Capital Management disclaims beneficial ownership of all of the
Shares reported in this Schedule 13D. Mr. Zimmerman disclaims beneficial
ownership of all of the Shares reported in this Schedule 13D not personally
owned by him.
CUSIP No. 3268Q103 SCHEDULE 13D Page 5 of 6 Pages
SIGNATURES
After reasonable inquiry and to the best of his knowledge and belief, each
of the undersigned certifies that the information set forth in this statement is
true, complete and correct.
Dated: May 3, 2006
PRENTICE CAPITAL MANAGEMENT, LP
By:/s/ Michael Weiss
----------------------------------
Name: Michael Weiss
Title: Chief Financial Officer
MICHAEL ZIMMERMAN
/s/ Michael Zimmerman
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Michael Zimmerman
CUSIP No. 3268Q103 SCHEDULE 13D Page 6 of 6 Pages
EXHIBIT A
LIST OF TRANSACTIONS
Name Date Number of Shares Price Per Share
Purchased/ (Sold)
Prentice Capital Offshore, Ltd. 11/22/05 (92,521) $13.65
Prentice Capital Partners QP, LP 11/22/05 (27,564) $13.65
Prentice Capital Partners, LP 11/22/05 (5,641) $13.65
Managed Accounts 11/22/05 (27,023) $13.65
Managed Accounts 11/22/05 (97,251) $13.65
Prentice Special Opportunities
Master, L.P. 04/28/06 146,000 $14.00
Prentice Special Opportunities, 04/28/06 54,000 $14.00
LP