UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
Gaiam, Inc.
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(Name of Issuer)
Class A Common Stock, $.0001 Par Value Per Share
--------------------------------------------------------------------------------
(Title of Class of Securities)
36268Q103
---------
(CUSIP Number)
December 31, 2004
-----------------
(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)
[X ] Rule 13d-1(c)
[ ] 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 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).
Page 1 of 9
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CUSIP No. 36268Q103 13G Page 2 of 9 Pages
---------------------- -----------------------
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
S.A.C. Capital Advisors, LLC
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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 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------- ----- ---------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED ----- ---------------------------------------------------
BY 6 SHARED VOTING POWER
EACH
REPORTING 502,497 (see Item 4)
PERSON ----- ---------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
0
----- ---------------------------------------------------
8 SHARED DISPOSITIVE POWER
502,497 (see Item 4)
---------- --------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
502,497 (see Item 4)
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.4% (see Item 4)
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12 TYPE OF REPORTING PERSON*
00
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*SEE INSTRUCTION BEFORE FILLING OUT
Page 2 of 9
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CUSIP No. 36268Q103 13G Page 3 of 9 Pages
---------------------- -----------------------
---------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
S.A.C. Capital Management, LLC
---------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) /X/
---------- --------------------------------------------------------------------
3 SEC USE ONLY
---------- --------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-------------------- ------ ---------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED ------ ---------------------------------------------------
BY 6 SHARED VOTING POWER
EACH
REPORTING 502,497 (see Item 4)
PERSON ------ ---------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
0
------ ---------------------------------------------------
8 SHARED DISPOSITIVE POWER
502,497 (see Item 4)
---------- --------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
502,497 (see Item 4)
---------- --------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
---------- --------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.4% (see Item 4)
---------- --------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
00
---------- --------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
Page 3 of 9
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CUSIP No. 36268Q103 13G Page 4 of 9 Pages
---------------------- -----------------------
---------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
S.A.C. Capital Associates, LLC
---------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) /X/
---------- --------------------------------------------------------------------
3 SEC USE ONLY
---------- --------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Anguilla, British West Indies
-------------------- ------ ---------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED ------ ---------------------------------------------------
BY 6 SHARED VOTING POWER
EACH
REPORTING 502,497 (see Item 4)
PERSON ------ ---------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
0
------ ---------------------------------------------------
8 SHARED DISPOSITIVE POWER
502,497 (see Item 4)
---------- --------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
502,497 (see Item 4)
---------- --------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
---------- --------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.4% (see Item 4)
---------- --------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
00
---------- --------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
Page 4 of 9
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CUSIP No. 36268Q103 13G Page 5 of 9 Pages
---------------------- -----------------------
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Steven A. Cohen
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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
---------- --------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
-------------------- ------ ---------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED ------ ---------------------------------------------------
BY 6 SHARED VOTING POWER
EACH
REPORTING 502,497 (see Item 4)
PERSON ------ ---------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
0
------ ---------------------------------------------------
8 SHARED DISPOSITIVE POWER
502,497 (see Item 4)
---------- --------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
502,497 (see Item 4)
---------- --------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
---------- --------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.4% (see Item 4)
---------- --------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
---------- --------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
Page 5 of 9
ITEM 1(A) NAME OF ISSUER:
--------------
Gaiam, Inc.
ITEM 1(B) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
-----------------------------------------------
360 Interlocken Boulevard
Broomfield, Colorado 80021
ITEMS 2(A) NAME OF PERSON FILING:
-----------------------
This statement is filed by: (i) S.A.C.
Capital Advisors, LLC, ("SAC Capital
Advisors") with respect to shares of Class A
common stock, $.0001 par value per share
("Shares") of the Issuer beneficially owned
by S.A.C. Capital Associates, LLC ("SAC
Capital Associates"); (ii) S.A.C. Capital
Management, LLC, ("SAC Capital Management")
with respect to Shares beneficially owned by
SAC Capital Associates; (iii) SAC Capital
Associates with respect to Shares
beneficially owned by it; (iv) Steven A.
Cohen with respect to Shares beneficially
owned by SAC Capital Advisors, SAC Capital
Management and SAC Capital Associates.
ITEM 2(B) ADDRESS OF PRINCIPAL BUSINESS OFFICE:
--------------------------------------
The address of the principal business office
of (i) SAC Capital Advisors and Mr. Cohen is
72 Cummings Point Road, Stamford,
Connecticut 06902, (ii) SAC Capital
Management is 540 Madison Avenue, New York,
New York 10022, and (iii) SAC Capital
Associates is P.O. Box 58, Victoria House,
The Valley, Anguilla, British West Indies.
ITEM 2(C) CITIZENSHIP:
SAC Capital Advisors and SAC Capital Management are
Delaware limited liability companies. SAC Capital
Associates is an Anguillan limited liability company.
Mr. Cohen is a United States citizen.
ITEM 2(D) TITLE OF CLASS OF SECURITIES:
Class A Common Stock, par value $.0001 per share
ITEM 2(E) CUSIP NUMBER:
36268Q103
ITEM 3 Not Applicable
Page 6 of 9
ITEM 4 OWNERSHIP:
The percentages used herein are calculated
based upon the Shares issued and outstanding
as of October 27, 2004 as reported on the
Company's quarterly report on Form 10-Q
filed with the Securities and Exchange
Commission by the Company for the quarterly
period ended September 30, 2004.
As of the close of business on December 31,
2004:
1. S.A.C. Capital Advisors, LLC
(a) Amount beneficially owned: 502,497
(b) Percent of class: 5.4%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 502,497
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition: 502,497
2. S.A.C. Capital Management, LLC
(a) Amount beneficially owned: 502,497
(b) Percent of class: 5.4%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 502,497
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition: 502,497
3. S.A.C. Capital Associates, LLC
(a) Amount beneficially owned: 502,497
(b) Percent of class: 5.4%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 502,497
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition: 502,497
4. Steven A. Cohen
(a) Amount beneficially owned: 502,497
(b) Percent of class: 5.4%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 502,497
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition: 502,497
SAC Capital Advisors, SAC Capital Management and Mr.
Cohen own directly no Shares. Pursuant to investment
agreements, each of SAC Capital Advisors and SAC
Capital Management share all investment and voting
power with respect to the securities held by SAC
Capital Associates. Mr. Cohen controls each of SAC
Capital Advisors and SAC Capital Management. By
reason of the provisions of Rule 13d-3 of the
Securities Exchange Act of 1934, as amended, each of
SAC Capital Advisors, SAC Capital Management and Mr.
Cohen may be deemed to own beneficially 502,497
Shares (constituting approximately 5.4% of the Shares
outstanding). Each of SAC Capital Advisors, SAC
Capital Management and Mr. Cohen disclaim beneficial
ownership of any of the securities covered by this
statement.
Page 7 of 9
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 the 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:
---------------------------------------------
Not Applicable
ITEM 9 NOTICE OF DISSOLUTION OF GROUP:
------------------------------
Not Applicable
ITEM 10 CERTIFICATION:
--------------
By signing below the signatory certifies that, to the best of his
knowledge and belief, the securities referred to above were not acquired and are
not held for the purpose of or with the effect of changing or influencing the
control of the issuer of the securities and were not acquired and are not held
in connection with or as a participant in any transaction having that purpose or
effect.
Page 8 of 9
SIGNATURE
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.
Dated: February 14, 2005
S.A.C. CAPITAL ADVISORS, LLC
By: /s/ Peter Nussbaum
-----------------------------------------
Name: Peter Nussbaum
Title: Authorized Person
S.A.C. CAPITAL MANAGEMENT, LLC
By: /s/ Peter Nussbaum
-----------------------------------------
Name: Peter Nussbaum
Title: Authorized Person
S.A.C. CAPITAL ASSOCIATES, LLC
By: /s/ Peter Nussbaum
-----------------------------------------
Name: Peter Nussbaum
Title: Authorized Person
STEVEN A. COHEN
By: /s/ Peter Nussbaum
-----------------------------------------
Name: Peter Nussbaum
Title: Authorized Person
Page 9 of 9