Invemed Catalyst Fund LP – ‘4’ for 2/3/03 re: Medialive International Inc.

On:  Wednesday, 2/5/03, at 4:45pm ET   ·   For:  2/3/03   ·   Accession #:  950142-3-202   ·   File #:  333-75866

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Statement of Changes in Beneficial Ownership of Securities by an Insider   —   Form 4   —   SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 4           Statement of Changes in Beneficial Ownership of        5±    21K 
                Securities by an Insider                                         

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 U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 4

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

 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(h) of the Investment Company Act of 1940

[_] Check this box if no longer subject of Section 16. Form 4 or Form 5         
obligations may continue. See Instruction 1(b).                         

(Print or Type Responses)                                                       
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1. Name and Address of Reporting Person*                                        

Invemed Catalyst Fund, L.P.                                               
--------------------------------------------------------------------------------
(Last)                  (First)                 (Middle)                  

375 Park Avenue      Suite 2205                                           
--------------------------------------------------------------------------------
(Street)

New York                     NY                      10152                
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(City)                           (State)              (Zip)               

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2. Issuer Name AND Ticker or Trading Symbol                                     

Key3Media Group, Inc. ("KMED")                                            
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3. IRS Identification Number of Reporting Person, if any (Voluntary)            

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4. Statement for Month/Day/Year                                                 

02/03/03                                                                  
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5. If Amendment, Date of Original (Month/Day/Year)                              

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6. Relationship of Reporting Person to Issuer                                   
(Check all applicable)                                                    

[_]   Director                             [X]   10% Owner                
[_]   Officer (give title below)           [_]   Other (specify below)    

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7. Individual or Joint/Group Filing (Check Applicable Line)                     

[X] Form Filed by One Reporting Person                                    
[_] Form Filed by More than One Reporting Person                          

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 TABLE I -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF,
 OR BENEFICIALLY OWNED
================================================================================

                                                        [Enlarge/Download Table]

                                                                                                 5.                                 
                                                                                                 Amount of      6.                  
                                                                 4.                              Securities     Owner-              
                                                                 Securities Acquired (A) or      Beneficially   ship                
                            2.        2A.           3.           Disposed of (D)                 Owned Follow-  Form:     7.        
                            Transac-  Deemed        Transaction  (Instr. 3, 4 and 5)             ing Reported   Direct    Nature of 
                            tion      Execution     Code         ------------------------------- Transac-       (D) or    Indirect  
1.                          Date      Date, if any  Instr. 8)                   (A)              tions(s)       Indirect  Beneficial
Title of Security           (Month/   (Month/       ------------     Amount      or     Price    (Instr. 3      (I)       Ownership 
(Instr. 3)                  Day/Year) Day/Year)     Code     V                  (D)              and 4)         (Instr.4) (Instr. 4)
------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                    
Common Stock, par                                                                                                                   
value $0.01 per share       02/03/03                S              5,166,667    (D)     $0.004    0             (D)                 
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Reminder: Report on a separate line for each class of securities beneficially   
owned directly or indirectly.                               

* If the form is filed by more than one Reporting Person, see Instruction       
4(b)(v).                                                                    

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.

                                                                          (Over)
                                                                 SEC 1474 (9-02)

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FORM 4 (CONTINUED)                                                              

TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED  
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)

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                                                        [Enlarge/Download Table]

                                                                                                            9.                      
                                                                                                            Number   10.            
                                                                                                            of       Owner-         
                                                                                                            Deriv-   ship           
                                                                                                            ative    Form           
                   2.                                                                                       Secur-   of             
                   Conver-                         5.                             7.                        ities    Deriv-  11.    
                   sion            3A              Number of                      Title and Amount          Bene-    ative   Nature 
                   or              Deemed          Derivative    6.               of Underlying     8.      ficially Secur-  of     
                   Exer-           Exe-    4.      Securities    Date             Securities        Price   Owned    ity:    In-    
                   cise    3.      cution  Trans-  Acquired (A)  Exercisable and  (Instr. 3 and 4)  of      Follow-  Direct  direct 
                   Price   Trans-  Date,   action  or Disposed   Expiration Date  ----------------  Deriv-  ing Re-  (D) or  Bene-  
1.                 of      action  if      Code    of (D)        (Month/Day/Year)           Amount  ative   ported   In-     ficial 
Title of           Deriv-  Date    any     (Instr. (Instr. 3,    ----------------           or      Secur-  Trans-   direct  Owner- 
Derivative         ative   (Month/ (Month/   8)     4 and 5)      Date     Expira-          Number  ity     action(s) (I)    ship   
Security           Secur-  Day/    Day/    ------  ------------   Exer-    tion             of      (Instr. (Instr.  (Instr. (Instr.
(Instr. 3)         ity     Year)   Year)   Code V    (A)   (D)    cisable  Date     Title   Shares  5)      4)        4)      4)    
----------------------------------------------------------------------------------------------------------------------------------- 
                                                                                                                                    
Options to        $8.00                                          Immedi-   (1)      Common  20,000         N/A        (D)           
purchase shares                                                  ately              Stock                                           
of Common                                                                                                                           
Stock                                                                                                                               
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Options to        $11.375                                        Immedi-   (2)      Common   6,666         N/A        (D)           
purchase shares                                                  ately              Stock                                           
of Common                                                                                                                           
Stock                                                                                                                               
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Series A 5.5%     $5.55                                          Immedi-   (3)      Common   (4)           1,000,000  (D)           
Convertible                                                      ately              Stock                                           
Redeemable Preferred                                                                                                                
Stock, par value                                                                                                                    
$0.01 per share                                                                                                                     
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Series B 5.5%     $5.55                                          Immedi-   (5)      Common   (6)           80,000     (D)           
Convertible                                                      ately              Stock                                           
Redeemable Preferred                                                                                                                
Stock, par value                                                                                                                    
$0.01 per share                                                                                                                     
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Explanation of Responses:                                                       

(1)      In accordance with the Key3Media Group, Inc. Stock Option Agreement,   
dated October, 21, 2000, entered into between Invemed Catalyst Fund, L.P. and   
the Issuer, the options must be exercised within 90 days after Michael B.       
Solomon's termination of service on the board of directors of the Issuer.       
Michael B. Solomon resigned from his position as a director of the Issuer,      
effective as of January 6, 2003.                                                

(2)      In accordance with the Key3Media Group, Inc. Stock Option Agreement,   
dated November 21, 2000, entered into between Invemed Catalyst Fund, L.P. and   
the Issuer, the options must be exercised within 90 days after Michael B.       
Solomon's termination of service on the board of directors of the Issuer.       
Michael B. Solomon resigned from his position as a director of the Issuer,      
effective as of January 6, 2003.                                                

(3)      Automatic conversion on November 27, 2011.                             

(4)      One share of Series A 5.5% Convertible Redeemable Preferred Stock is   
convertible into a number of common stock of the Issuer equal to the ratio the  
numerator of which is the adjusted liquidation preference and the denominator of
which is the conversion price. The adjusted liquidation preference is (i) the   
liquidation preference at the beginning of the quarter divided by the conversion
price, plus (ii) the amount of dividend accrued as of the conversion date       
divided by the closing price of a share of Common Stock the last trading day    
before the conversion date. The liquidation preference is originally $25 but    
accrues over time by the amount of unpaid dividends. As of February 3, 2003, one
million shares of Series A 5.5% Convertible Redeemable Preferred Stock would be 
convertible into 25,674,710 shares of Common Stock of the Issuer.               

(5)      Automatic conversion on November 27, 2011.                             

(6)      One share of Series B 5.5% Convertible Redeemable Preferred Stock is   
convertible into a number of common stock of the Issuer equal to the ratio the  
numerator of which is the adjusted liquidation preference and the denominator of
which is the conversion price. The adjusted liquidation preference is (i) the   
liquidation preference at the beginning of the quarter divided by the conversion
price, plus (ii) the amount of dividend accrued as of the conversion date       
divided by the closing price of a share of common stock the last trading day    
before the conversation date. The liquidation preference is originally $25 but  
accrues over time by the amount of unpaid dividends. As of February 3, 2003,    
80,000 shares of Series B 5.5% Convertible Redeemable Preferred Stock would be  
convertible into 2,053,976 shares of Common Stock of the Issuer.                

Invemed Catalyst Fund, L.P.                                                     
By:  Invemed Catalyst GenPar, LLC                                               
Its General Partner                                             
By:  Gladwyne Catalyst GenPar, LLC                                              
its Managing Member                                             

/s/ Suzanne Present                                  February 3, 2003     
----------------------------------------            -------------------------   
**Signature of Reporting Person                            Date           
Name:  Suzanne Present                                                    
Title: Member                                                             

**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 is insufficient, See Instruction 6 for procedure.        

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 number.                                                               
                                                                          Page 2

Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘4’ Filing		Date		First		Last			Other Filings
		11/27/11		2
		1/31/05		1
Filed on:		2/5/03							4,  8-K,  SC 13D/A
For Period end:		2/3/03		2					4,  8-K
		1/6/03		2					8-K
		11/21/00		2
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