The jury has found 35-year-old Thomas Gibison, of Newark, Del., not guilty of murder and ethnic intimidation.
Gibison has been found guilty of the lesser charges of conspiracy and firearms violations.
Gibison's childhood friend had testified that they were driving around Philadelphia looking for a black person to kill.
The friend says the then-teenagers wanted spiderweb tattoos on their elbows to mark that they had killed a black person.
Gibison remains in custody pending sentencing on July 25.
