Schedule 13D
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. ___)*
(Name of Issuer)
(Title of Class of Securities)
(CUSIP Number)
HENRY D. MONTGOMERY
MENLO VENTURES
3000 SAND HILL ROAD, SUITE 100
MENLO PARK, CALIFORNIA 94025
TELEPHONE: (650) 854-8540
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
(Date of Event Which Requires Filing of this Statement)
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 §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 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 persons 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).
Explanatory Note
The following constitutes the Schedule 13D filed by the undersigned (the Schedule 13D). This Schedule 13D is being filed by the Reporting Persons (as defined below) to report the acquisition of shares of Common Stock (as defined below) of the Issuer (as defined below) on August 16, 2011 as described in Item 3 below.
2
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1 |
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NAMES OF REPORTING PERSONS
Menlo Ventures X, L.P. |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
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(a) o |
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(b) þ(1) |
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3 |
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SEC USE ONLY |
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4 |
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SOURCE OF FUNDS (SEE INSTRUCTIONS) |
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WC |
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5 |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
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o |
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6 |
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CITIZENSHIP OR PLACE OF ORGANIZATION |
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Delaware, United States of America
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7 |
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SOLE VOTING POWER |
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NUMBER OF |
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0 |
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SHARES |
8 |
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SHARED VOTING POWER |
BENEFICIALLY |
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OWNED BY |
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6,693,935 shares of Common Stock (2) |
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EACH |
9 |
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SOLE DISPOSITIVE POWER |
REPORTING |
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PERSON |
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0 |
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WITH |
10 |
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SHARED DISPOSITIVE POWER |
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6,693,935 shares of Common Stock (2) |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
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6,693,935 shares of Common Stock (2) |
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12 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
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o
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
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26.8%(3) |
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14 |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) |
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PN |
(1) This Schedule 13D is filed by Menlo Ventures X, L.P. (Menlo X), Menlo Entrepreneurs Fund X, L.P. (MEF X), MMEF X, L.P. (MMEF X, and together with Menlo X
and MEF X, the Menlo Funds), MV Management X, L.L.C. (MVM X, and together with the Menlo Funds, the Menlo Entities), Henry D. Montgomery (Montgomery), John W. Jarve
(Jarve), Douglas C. Carlisle (Carlisle), Sonja H. Perkins (Perkins), Mark A. Siegel (Siegel), Pravin A. Vazirani (Vazirani) and Shawn T. Carolan
(Carolan, together with the Menlo Entities, Montgomery, Jarve,
Carlisle, Perkins, Siegel and Vazirani are herein collectively referred to as the Reporting Persons). The Reporting Persons expressly disclaim status as a group for purposes of this Schedule 13D.
(2) Includes (i)
6,524,298 shares of Common Stock held by Menlo X; (ii) 55,458 shares of Common Stock held by MEF X; and (iii) 114,179 shares of Common Stock held by MMEF X. MVM X serves as the general partner of Menlo X, MEF X and MMEF X. MVM X owns no securities of the Issuer directly. Montgomery, Jarve, Carlisle, Perkins, Siegel, Vazirani and Carolan are Managing Members of MVM X and share voting and dispositive power over the shares held by
Menlo X, MEF X and MMEF X, and may be deemed to own beneficially the shares held by Menlo X, MEF X and MMEF X.
(3) This percentage set forth on the cover sheets is calculated based on 24,937,605 shares of the Common Stock outstanding as of August 16, 2011, as disclosed in the Issuers final prospectus dated August 10, 2011, as filed with the Securities and Exchange Commission (the Commission) on August 11, 2011.
3
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1 |
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NAMES OF REPORTING PERSONS
Menlo Entrepreneurs Fund X, L.P. |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
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(a) o |
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(b) þ(1) |
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3 |
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SEC USE ONLY |
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4 |
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SOURCE OF FUNDS (SEE INSTRUCTIONS) |
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WC |
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5 |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
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o |
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6 |
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CITIZENSHIP OR PLACE OF ORGANIZATION |
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Delaware, United States of America
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7 |
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SOLE VOTING POWER |
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NUMBER OF |
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0 |
|
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SHARES |
8 |
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SHARED VOTING POWER |
BENEFICIALLY |
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OWNED BY |
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6,693,935 shares of Common Stock (2) |
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EACH |
9 |
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SOLE DISPOSITIVE POWER |
REPORTING |
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PERSON |
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0 |
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WITH |
10 |
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SHARED DISPOSITIVE POWER |
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6,693,935 shares of Common Stock (2) |
|
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
|
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|
6,693,935 shares of Common Stock (2) |
|
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12 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
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o
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
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26.8%(3) |
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14 |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) |
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PN |
(1) This Schedule 13D is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a group for purposes of this Schedule 13D.
(2) Includes (i) 6,524,298 shares of Common Stock held by Menlo X; (ii) 55,458 shares of Common Stock held by MEF X; and (iii) 114,179 shares of Common Stock held by MMEF X. MVM X serves as the general partner of Menlo X, MEF X and MMEF X. MVM X owns no securities of the Issuer directly. Montgomery, Jarve, Carlisle, Perkins, Siegel, Vazirani and Carolan are Managing Members of MVM X and share voting and dispositive power over the shares held by
Menlo X, MEF X and MMEF X, and may be deemed to own beneficially the shares held by Menlo X, MEF X and MMEF X.
(3) This percentage set forth on the cover sheets is calculated based on 24,937,605 shares of the Common Stock outstanding as of August 16, 2011, as disclosed in the Issuers final prospectus dated August 10, 2011, as filed with the Commission on August 11, 2011.
4
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1 |
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NAMES OF REPORTING PERSONS
MMEF X, L.P. |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
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(a) o |
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(b) þ(1) |
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3 |
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SEC USE ONLY |
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4 |
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SOURCE OF FUNDS (SEE INSTRUCTIONS) |
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WC |
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5 |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
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o |
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6 |
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CITIZENSHIP OR PLACE OF ORGANIZATION |
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Delaware, United States of America
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7 |
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SOLE VOTING POWER |
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NUMBER OF |
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0 |
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SHARES |
8 |
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SHARED VOTING POWER |
BENEFICIALLY |
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OWNED BY |
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6,693,935 shares of Common Stock (2) |
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EACH |
9 |
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SOLE DISPOSITIVE POWER |
REPORTING |
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PERSON |
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0 |
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WITH |
10 |
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SHARED DISPOSITIVE POWER |
|
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|
6,693,935 shares of Common Stock (2) |
|
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
|
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|
6,693,935 shares of Common Stock (2) |
|
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12 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
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|
o
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
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26.8%(3) |
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14 |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) |
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PN |
(1) This Schedule 13D is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a group for purposes of this Schedule 13D.
(2) Includes (i) 6,524,298 shares of Common Stock held by Menlo X; (ii) 55,458 shares of Common Stock held by MEF X; and (iii) 114,179 shares of Common Stock held by MMEF X. MVM X serves as the general partner of Menlo X, MEF X and MMEF X. MVM X owns no securities of the Issuer directly. Montgomery, Jarve, Carlisle, Perkins, Siegel, Vazirani and Carolan are Managing Members of MVM X and share voting and dispositive power over the shares held by
Menlo X, MEF X and MMEF X, and may be deemed to own beneficially the shares held by Menlo X, MEF X and MMEF X.
(3) This percentage set forth on the cover sheets is calculated based on 24,937,605 shares of the Common Stock outstanding as of August 16, 2011, as disclosed in the Issuers final prospectus dated August 10, 2011, as filed with the Commission on August 11, 2011.
5
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1 |
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NAMES OF REPORTING PERSONS
MV Management X, L.L.C. |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
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(a) o |
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(b) þ(1) |
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3 |
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SEC USE ONLY |
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4 |
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SOURCE OF FUNDS (SEE INSTRUCTIONS) |
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WC |
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5 |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
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o |
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6 |
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CITIZENSHIP OR PLACE OF ORGANIZATION |
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Delaware, United States of America
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7 |
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SOLE VOTING POWER |
|
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|
NUMBER OF |
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0 |
|
|
|
|
SHARES |
8 |
|
SHARED VOTING POWER |
BENEFICIALLY |
|
|
OWNED BY |
|
6,693,935 shares of Common Stock (2) |
|
|
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|
EACH |
9 |
|
SOLE DISPOSITIVE POWER |
REPORTING |
|
|
PERSON |
|
0 |
|
|
|
|
WITH |
10 |
|
SHARED DISPOSITIVE POWER |
|
|
|
|
|
6,693,935 shares of Common Stock (2) |
|
|
|
11 |
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
|
|
|
6,693,935 shares of Common Stock (2) |
|
|
|
12 |
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
|
|
|
o
|
|
|
|
13 |
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
|
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|
26.8%(3) |
|
|
|
14 |
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) |
|
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|
OO |
(1) This Schedule 13D is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a group for purposes of this Schedule 13D.
(2) Includes (i) 6,524,298 shares of Common Stock held by Menlo X; (ii) 55,458 shares of Common Stock held by MEF X; and (iii) 114,179 shares of Common Stock held by MMEF X. MVM X serves as the general partner of Menlo X, MEF X and MMEF X. MVM X owns no securities of the Issuer directly. Montgomery, Jarve, Carlisle, Perkins, Siegel, Vazirani and Carolan are Managing Members of MVM X and share voting and dispositive power over the shares held by
Menlo X, MEF X and MMEF X, and may be deemed to own beneficially the shares held by Menlo X, MEF X and MMEF X.
(3) This percentage set forth on the cover sheets is calculated based on 24,937,605 shares of the Common Stock outstanding as of August 16, 2011, as disclosed in the Issuers final prospectus dated August 10, 2011, as filed with the Commission on August 11, 2011.
6
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1 |
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NAMES OF REPORTING PERSONS
Henry D. Montgomery |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
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(a) o |
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(b) þ(1) |
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3 |
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SEC USE ONLY |
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4 |
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SOURCE OF FUNDS (SEE INSTRUCTIONS) |
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|
WC |
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5 |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
|
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|
o |
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6 |
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CITIZENSHIP OR PLACE OF ORGANIZATION |
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|
United States of America
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7 |
|
SOLE VOTING POWER |
|
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|
NUMBER OF |
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0 |
|
|
|
|
SHARES |
8 |
|
SHARED VOTING POWER |
BENEFICIALLY |
|
|
OWNED BY |
|
6,693,935 shares of Common Stock (2) |
|
|
|
|
EACH |
9 |
|
SOLE DISPOSITIVE POWER |
REPORTING |
|
|
PERSON |
|
0 |
|
|
|
|
WITH |
10 |
|
SHARED DISPOSITIVE POWER |
|
|
|
|
|
6,693,935 shares of Common Stock (2) |
|
|
|
11 |
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
|
|
|
6,693,935 shares of Common Stock (2) |
|
|
|
12 |
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
|
|
|
o
|
|
|
|
13 |
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
|
|
|
26.8%(3) |
|
|
|
14 |
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) |
|
|
|
IN |
(1) This Schedule 13D is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a group for purposes of this Schedule 13D.
(2) Includes (i) 6,524,298 shares of Common Stock held by Menlo X; (ii) 55,458 shares of Common Stock held by MEF X; and (iii) 114,179 shares of Common Stock held by MMEF X. MVM X serves as the general partner of Menlo X, MEF X and MMEF X. MVM X owns no securities of the Issuer directly. Montgomery, Jarve, Carlisle, Perkins, Siegel, Vazirani and Carolan are Managing Members of MVM X and share voting and dispositive power over the shares held by
Menlo X, MEF X and MMEF X, and may be deemed to own beneficially the shares held by Menlo X, MEF X and MMEF X. Montgomery owns no securities of the Issuer directly as of the date of this filing.
(3) This percentage set forth on the cover sheets is calculated based on 24,937,605 shares of the Common Stock outstanding as of August 16, 2011, as disclosed in the Issuers final prospectus dated August 10, 2011, as filed with the Commission on August 11, 2011.
7
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1 |
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NAMES OF REPORTING PERSONS
John W. Jarve |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
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(a) o |
|
(b) þ(1) |
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3 |
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SEC USE ONLY |
|
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|
|
|
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|
4 |
|
SOURCE OF FUNDS (SEE INSTRUCTIONS) |
|
|
|
WC |
|
|
|
5 |
|
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
|
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|
o |
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6 |
|
CITIZENSHIP OR PLACE OF ORGANIZATION |
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|
United States of America
|
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7 |
|
SOLE VOTING POWER |
|
|
|
NUMBER OF |
|
0 |
|
|
|
|
SHARES |
8 |
|
SHARED VOTING POWER |
BENEFICIALLY |
|
|
OWNED BY |
|
6,693,935 shares of Common Stock (2) |
|
|
|
|
EACH |
9 |
|
SOLE DISPOSITIVE POWER |
REPORTING |
|
|
PERSON |
|
0 |
|
|
|
|
WITH |
10 |
|
SHARED DISPOSITIVE POWER |
|
|
|
|
|
6,693,935 shares of Common Stock (2) |
|
|
|
11 |
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
|
|
|
6,693,935 shares of Common Stock (2) |
|
|
|
12 |
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
|
|
|
o
|
|
|
|
13 |
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
|
|
|
26.8%(3) |
|
|
|
14 |
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) |
|
|
|
IN |
(1) This Schedule 13D is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a group for purposes of this Schedule 13D.
(2) Includes (i) 6,524,298 shares of Common Stock held by Menlo X; (ii) 55,458 shares of Common Stock held by MEF X; and (iii) 114,179 shares of Common Stock held by MMEF X. MVM X serves as the general partner of Menlo X, MEF X and MMEF X. MVM X owns no securities of the Issuer directly. Montgomery, Jarve, Carlisle, Perkins, Siegel, Vazirani and Carolan are Managing Members of MVM X and share voting and dispositive power over the shares held by
Menlo X, MEF X and MMEF X, and may be deemed to own beneficially the shares held by Menlo X, MEF X and MMEF X. Jarve owns no securities of the Issuer directly as of the date of this filing.
(3) This percentage set forth on the cover sheets is calculated based on 24,937,605 shares of the Common Stock outstanding as of August 16, 2011, as disclosed in the Issuers final prospectus dated August 10, 2011, as filed with the Commission on August 11, 2011.
8
|
|
|
|
|
|
1 |
|
NAMES OF REPORTING PERSONS
Douglas C. Carlisle |
|
|
|
|
|
|
2 |
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
|
(a) o |
|
(b) þ(1) |
|
|
|
3 |
|
SEC USE ONLY |
|
|
|
|
|
|
|
4 |
|
SOURCE OF FUNDS (SEE INSTRUCTIONS) |
|
|
|
WC |
|
|
|
5 |
|
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
|
|
|
o |
|
|
|
6 |
|
CITIZENSHIP OR PLACE OF ORGANIZATION |
|
|
|
United States of America
|
|
|
|
|
|
7 |
|
SOLE VOTING POWER |
|
|
|
NUMBER OF |
|
0 |
|
|
|
|
SHARES |
8 |
|
SHARED VOTING POWER |
BENEFICIALLY |
|
|
OWNED BY |
|
6,693,935 shares of Common Stock (2) |
|
|
|
|
EACH |
9 |
|
SOLE DISPOSITIVE POWER |
REPORTING |
|
|
PERSON |
|
0 |
|
|
|
|
WITH |
10 |
|
SHARED DISPOSITIVE POWER |
|
|
|
|
|
6,693,935 shares of Common Stock (2) |
|
|
|
11 |
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
|
|
|
6,693,935 shares of Common Stock (2) |
|
|
|
12 |
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
|
|
|
o
|
|
|
|
13 |
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
|
|
|
26.8%(3) |
|
|
|
14 |
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) |
|
|
|
IN |
(1) This Schedule 13D is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a group for purposes of this Schedule 13D.
(2) Includes (i) 6,524,298 shares of Common Stock held by Menlo X; (ii) 55,458 shares of Common Stock held by MEF X; and (iii) 114,179 shares of Common Stock held by MMEF X. MVM X serves as the general partner of Menlo X, MEF X and MMEF X. MVM X owns no securities of the Issuer directly. Montgomery, Jarve, Carlisle, Perkins, Siegel, Vazirani and Carolan are Managing Members of MVM X and share voting and dispositive power over the shares held by
Menlo X, MEF X and MMEF X, and may be deemed to own beneficially the shares held by Menlo X, MEF X and MMEF X. Carlisle owns no securities of the Issuer directly as of the date of this filing.
(3) This percentage set forth on the cover sheets is calculated based on 24,937,605 shares of the Common Stock outstanding as of August 16, 2011, as disclosed in the Issuers final prospectus dated August 10, 2011, as filed with the Commission on August 11, 2011.
9
|
|
|
|
|
|
1 |
|
NAMES OF REPORTING PERSONS
Sonja H. Perkins |
|
|
|
|
|
|
2 |
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
|
(a) o |
|
(b) þ(1) |
|
|
|
3 |
|
SEC USE ONLY |
|
|
|
|
|
|
|
4 |
|
SOURCE OF FUNDS (SEE INSTRUCTIONS) |
|
|
|
WC |
|
|
|
5 |
|
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
|
|
|
o |
|
|
|
6 |
|
CITIZENSHIP OR PLACE OF ORGANIZATION |
|
|
|
United States of America
|
|
|
|
|
|
7 |
|
SOLE VOTING POWER |
|
|
|
NUMBER OF |
|
0 |
|
|
|
|
SHARES |
8 |
|
SHARED VOTING POWER |
BENEFICIALLY |
|
|
OWNED BY |
|
6,693,935 shares of Common Stock (2) |
|
|
|
|
EACH |
9 |
|
SOLE DISPOSITIVE POWER |
REPORTING |
|
|
PERSON |
|
0 |
|
|
|
|
WITH |
10 |
|
SHARED DISPOSITIVE POWER |
|
|
|
|
|
6,693,935 shares of Common Stock (2) |
|
|
|
11 |
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
|
|
|
6,693,935 shares of Common Stock (2) |
|
|
|
12 |
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
|
|
|
o
|
|
|
|
13 |
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
|
|
|
26.8%(3) |
|
|
|
14 |
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) |
|
|
|
IN |
(1) This Schedule 13D is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a group for purposes of this Schedule 13D.
(2) Includes (i) 6,524,298 shares of Common Stock held by Menlo X; (ii) 55,458 shares of Common Stock held by MEF X; and (iii) 114,179 shares of Common Stock held by MMEF X. MVM X serves as the general partner of Menlo X, MEF X and MMEF X. MVM X owns no securities of the Issuer directly. Montgomery, Jarve, Carlisle, Perkins, Siegel, Vazirani and Carolan are Managing Members of MVM X and share voting and dispositive power over the shares held by
Menlo X, MEF X and MMEF X, and may be deemed to own beneficially the shares held by Menlo X, MEF X and MMEF X. Perkins owns no securities of the Issuer directly as of the date of this filing.
(3) This percentage set forth on the cover sheets is calculated based on 24,937,605 shares of the Common Stock outstanding as of August 16, 2011, as disclosed in the Issuers final prospectus dated August 10, 2011, as filed with the Commission on August 11, 2011.
10
|
|
|
|
|
|
1 |
|
NAMES OF REPORTING PERSONS
Mark A. Siegel |
|
|
|
|
|
|
2 |
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
|
(a) o |
|
(b) þ(1) |
|
|
|
3 |
|
SEC USE ONLY |
|
|
|
|
|
|
|
4 |
|
SOURCE OF FUNDS (SEE INSTRUCTIONS) |
|
|
|
WC |
|
|
|
5 |
|
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
|
|
|
o |
|
|
|
6 |
|
CITIZENSHIP OR PLACE OF ORGANIZATION |
|
|
|
United States of America
|
|
|
|
|
|
7 |
|
SOLE VOTING POWER |
|
|
|
NUMBER OF |
|
0 |
|
|
|
|
SHARES |
8 |
|
SHARED VOTING POWER |
BENEFICIALLY |
|
|
OWNED BY |
|
6,693,935 shares of Common Stock (2) |
|
|
|
|
EACH |
9 |
|
SOLE DISPOSITIVE POWER |
REPORTING |
|
|
PERSON |
|
0 |
|
|
|
|
WITH |
10 |
|
SHARED DISPOSITIVE POWER |
|
|
|
|
|
6,693,935 shares of Common Stock (2) |
|
|
|
11 |
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
|
|
|
6,693,935 shares of Common Stock (2) |
|
|
|
12 |
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
|
|
|
o
|
|
|
|
13 |
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
|
|
|
26.8%(3) |
|
|
|
14 |
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) |
|
|
|
IN |
(1) This Schedule 13D is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a group for purposes of this Schedule 13D.
(2) Includes (i) 6,524,298 shares of Common Stock held by Menlo X; (ii) 55,458 shares of Common Stock held by MEF X; and (iii) 114,179 shares of Common Stock held by MMEF X. MVM X serves as the general partner of Menlo X, MEF X and MMEF X. MVM X owns no securities of the Issuer directly. Montgomery, Jarve, Carlisle, Perkins, Siegel, Vazirani and Carolan are Managing Members of MVM X and share voting and dispositive power over the shares held by
Menlo X, MEF X and MMEF X, and may be deemed to own beneficially the shares held by Menlo X, MEF X and MMEF X. Siegel owns no securities of the Issuer directly as of the date of this filing.
(3) This percentage set forth on the cover sheets is calculated based on 24,937,605 shares of the Common Stock outstanding as of August 16, 2011, as disclosed in the Issuers final prospectus dated August 10, 2011, as filed with the Commission on August 11, 2011.
11
|
|
|
|
|
|
1 |
|
NAMES OF REPORTING PERSONS
Pravin A. Vazirani |
|
|
|
|
|
|
2 |
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
|
(a) o |
|
(b) þ(1) |
|
|
|
3 |
|
SEC USE ONLY |
|
|
|
|
|
|
|
4 |
|
SOURCE OF FUNDS (SEE INSTRUCTIONS) |
|
|
|
WC |
|
|
|
5 |
|
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
|
|
|
o |
|
|
|
6 |
|
CITIZENSHIP OR PLACE OF ORGANIZATION |
|
|
|
United States of America
|
|
|
|
|
|
7 |
|
SOLE VOTING POWER |
|
|
|
NUMBER OF |
|
625 shares of Common Stock (2) |
|
|
|
|
SHARES |
8 |
|
SHARED VOTING POWER |
BENEFICIALLY |
|
|
OWNED BY |
|
6,693,935 shares of Common Stock (3) |
|
|
|
|
EACH |
9 |
|
SOLE DISPOSITIVE POWER |
REPORTING |
|
|
PERSON |
|
625 shares of Common Stock (2) |
|
|
|
|
WITH |
10 |
|
SHARED DISPOSITIVE POWER |
|
|
|
|
|
6,693,935 shares of Common Stock (3) |
|
|
|
11 |
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
|
|
|
6,694,560 shares of Common Stock (4) |
|
|
|
12 |
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
|
|
|
o
|
|
|
|
13 |
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
|
|
|
26.8%(5) |
|
|
|
14 |
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) |
|
|
|
IN |
(1) This Schedule 13D is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a group for purposes of this Schedule 13D.
(2) Represents shares issuable upon exercise of a stock option held by Vazirani within 60 days of the date of this filing.
(3) Includes (i) 6,524,298 shares of Common Stock held by Menlo X; (ii) 55,458 shares of Common Stock held by MEF X; and (iii) 114,179 shares of Common Stock held by MMEF X. MVM X serves as the general partner of Menlo X, MEF X and MMEF X. MVM X owns no securities of the Issuer directly. Montgomery, Jarve, Carlisle, Perkins, Siegel, Vazirani and Carolan are Managing Members of MVM X and share voting and dispositive power over the shares held by
Menlo X, MEF X and MMEF X, and may be deemed to own beneficially the shares held by Menlo X, MEF X and MMEF X.
(4) Consists of shares reflected in footnotes (2) and (3).
(5) This percentage
set forth on the cover sheets is calculated based on 24,937,605
shares of the Common Stock outstanding as of August 16, 2011, as
disclosed in the Issuers final prospectus dated August 10, 2011, as filed with the Commission on August 11, 2011.
12
|
|
|
|
|
|
1 |
|
NAMES OF REPORTING PERSONS
Shawn T. Carolan |
|
|
|
|
|
|
2 |
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
|
(a) o |
|
(b) þ(1) |
|
|
|
3 |
|
SEC USE ONLY |
|
|
|
|
|
|
|
4 |
|
SOURCE OF FUNDS (SEE INSTRUCTIONS) |
|
|
|
WC |
|
|
|
5 |
|
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
|
|
|
o |
|
|
|
6 |
|
CITIZENSHIP OR PLACE OF ORGANIZATION |
|
|
|
United States of America
|
|
|
|
|
|
7 |
|
SOLE VOTING POWER |
|
|
|
NUMBER OF |
|
0 |
|
|
|
|
SHARES |
8 |
|
SHARED VOTING POWER |
BENEFICIALLY |
|
|
OWNED BY |
|
6,693,935 shares of Common Stock (2) |
|
|
|
|
EACH |
9 |
|
SOLE DISPOSITIVE POWER |
REPORTING |
|
|
PERSON |
|
0 |
|
|
|
|
WITH |
10 |
|
SHARED DISPOSITIVE POWER |
|
|
|
|
|
6,693,935 shares of Common Stock (2) |
|
|
|
11 |
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
|
|
|
6,693,935 shares of Common Stock (2) |
|
|
|
12 |
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
|
|
|
o
|
|
|
|
13 |
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
|
|
|
26.8%(3) |
|
|
|
14 |
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) |
|
|
|
IN |
(1) This Schedule 13D is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a group for purposes of this Schedule 13D.
(2) Includes (i) 6,524,298 shares of Common Stock held by Menlo X; (ii) 55,458 shares of Common Stock held by MEF X; and (iii) 114,179 shares of Common Stock held by MMEF X. MVM X serves as the general partner of Menlo X, MEF X and MMEF X. MVM X owns no securities of the Issuer directly. Montgomery, Jarve, Carlisle, Perkins, Siegel, Vazirani and Carolan are Managing Members of MVM X and share voting and dispositive power over the shares held by
Menlo X, MEF X and MMEF X, and may be deemed to own beneficially the shares held by Menlo X, MEF X and MMEF X. Carolan owns no securities of the Issuer directly as of the date of this filing.
(3) This percentage set forth on the cover sheets is calculated based on 24,937,605 shares of the Common Stock outstanding as of August 16, 2011, as disclosed in the Issuers final prospectus dated August 10, 2011, as filed with the Commission on August 11, 2011.
13
Item 1. Security and Issuer
|
a) |
|
This statement on Schedule 13D relates to the common stock, par value $0.01 per share
(Common Stock) of Carbonite, Inc., a Delaware corporation (the Issuer). |
|
b) |
|
The principal executive offices of the Issuer are located at 177 Huntington Avenue,
Boston, Massachusetts 02115. |
Item 2. Identity and Background
|
a) |
|
The persons and entities filing this statement are Menlo Ventures X, L.P. (Menlo X),
Menlo Entrepreneurs Fund X, L.P. (MEF X), MMEF X, L.P. (MMEF X, and together with Menlo
X and MEF X, the Menlo Funds), MV Management X, L.L.C. (MVM X, and together with the
Menlo Funds, the Menlo Entities), Henry D. Montgomery (Montgomery), John W. Jarve
(Jarve), Douglas C. Carlisle (Carlisle), Sonja H. Perkins (Perkins), Mark A. Siegel
(Siegel), Pravin A. Vazirani (Vazirani) and Shawn T. Carolan (Carolan, together with
the Menlo Entities, Montgomery, Jarve, Carlisle, Perkins, Siegel and Vazirani are herein
collectively referred to as the Reporting Persons). |
|
b) |
|
The address of the principal place of business of each of the Reporting Persons is 3000
Sand Hill Road, Suite 100, Menlo Park, California 94025. |
|
c) |
|
The principal business of each of the Reporting Persons is the venture capital
investment business. |
|
d) |
|
During the last five years, none of the Reporting Persons nor the Listed Persons (as
defined below) has been convicted in any criminal proceeding (excluding traffic violations
or similar misdemeanors). |
|
e) |
|
During the last five years, none of the Reporting Persons nor the Listed Persons has
been a party to a civil proceeding of a judicial or administrative body of competent
jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or
final order enjoining future violations of, or prohibiting or mandating activities subject
to, federal or state securities laws or finding any violation with respect to such laws. |
|
f) |
|
The Listed Persons are United States citizens; Menlo X, MEF X and MMEF X are Delaware
limited partnerships and MVM X is a Delaware limited liability company. |
In accordance with the provisions of General Instruction C to Schedule 13D, information concerning
the managers and each other person controlling MVM X (the Listed Persons) required by Item 2 of
Schedule 13D is listed on Schedule 1 hereto and is incorporated by reference herein.
Item 3. Source and Amount of Funds or Other Consideration
On August 10, 2011, the Issuers Registration Statement on Form S-1/A filed with the Securities and
Exchange Commission (the SEC) in connection with its initial public offering of its Common Stock
was declared effective by the SEC. The closing of the offering took place on August 16, 2011, and
at such closing the Menlo Funds collectively purchased an aggregate of 800,000 shares of Common
Stock at the initial public offering price of $10.00 per share, for a total purchase price of $8.0
million. The funds used by the Menlo Funds to acquire the securities described herein were
obtained from capital contributions by their respective partners.
Item 4. Purpose of Transaction
Each of the Menlo Funds agreed to purchase the securities described in Item 3 hereto for investment
purposes with the aim of increasing the value of its investments and the Issuer.
Vazirani is a member of the Board of Directors of the Issuer and also serves as a Managing Member
of MVM X, which serves as the general partner of Menlo X, MEF X and MMEF X.
Subject to applicable legal requirements, one or more of the Reporting Persons may purchase
additional securities of the Issuer from time to time in open market or private transactions,
depending on their evaluation of the Issuers business, prospects and financial condition, the
market for the Issuers securities, other developments concerning the Issuer, the reaction of the
Issuer to the Reporting Persons ownership of the Issuers securities, other opportunities
available to the Reporting Persons, and general economic, money market and stock market conditions.
In addition, depending upon the factors referred to above, the Reporting Persons may dispose of all
or a portion of their securities of the Issuer at any time. Each of the Reporting Persons reserves
the right to increase or decrease its holdings on such terms and at such times as each may decide.
14
Other than as described above in this Item 4, none of the Reporting Persons have any plan or
proposal relating to or that would result in: (a) the acquisition by any person of additional
securities of the Issuer or the disposition of securities of the Issuer; (b) an extraordinary
corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any
of its subsidiaries; (c) a sale or transfer of a material amount of assets of the Issuer or any of
its subsidiaries; (d) any change in the present Board of Directors or management of the Issuer,
including any plans or proposals to change the number or terms of directors or to fill any existing
vacancies on the Board of Directors of the Issuer; (e) any material change in the present
capitalization or dividend policy of the Issuer; (f) any other material change in the Issuers
business or corporate structure; (g) any changes in the Issuers charter, by-laws or instruments
corresponding thereto or other actions which may impede the acquisition of control of the Issuer by
any person; (h) a class of securities of the Issuer being delisted from a national securities
exchange or ceasing to be authorized to be quoted in an inter-dealer quotation system of a
registered national securities association; (i) a class of equity securities of the Issuer becoming
eligible for termination of registration pursuant to Section 12(g)(4) of the Act; or (j) any action
similar to those enumerated above.
Item 5. Interest in Securities of the Issuer
The following information with respect to the ownership of the Common Stock of the Issuer by the
Reporting Persons filing this Statement on Schedule 13D is provided as of the date of this filing:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Sole |
|
|
Shared |
|
|
Sole |
|
|
Shared |
|
|
|
|
|
|
Percentage |
|
|
|
Held |
|
|
Voting |
|
|
Voting |
|
|
Dispositive |
|
|
Dispositive |
|
|
Beneficial |
|
|
of |
|
Reporting Persons |
|
Directly (1) |
|
|
Power (1) |
|
|
Power (1) |
|
|
Power (1) |
|
|
Power (1) |
|
|
Ownership (1) |
|
|
Class (1, 4) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Menlo X |
|
|
6,524,298 |
|
|
|
0 |
|
|
|
6,693,935 |
|
|
|
0 |
|
|
|
6,693,935 |
|
|
|
6,693,935 |
|
|
|
26.8 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MEF X |
|
|
114,179 |
|
|
|
0 |
|
|
|
6,693,935 |
|
|
|
0 |
|
|
|
6,693,935 |
|
|
|
6,693,935 |
|
|
|
26.8 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MMEF X |
|
|
55,458 |
|
|
|
0 |
|
|
|
6,693,935 |
|
|
|
0 |
|
|
|
6,693,935 |
|
|
|
6,693,935 |
|
|
|
26.8 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MVM X (2) |
|
|
0 |
|
|
|
0 |
|
|
|
6,693,935 |
|
|
|
0 |
|
|
|
6,693,935 |
|
|
|
6,693,935 |
|
|
|
26.8 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Montgomery (2) |
|
|
0 |
|
|
|
0 |
|
|
|
6,693,935 |
|
|
|
0 |
|
|
|
6,693,935 |
|
|
|
6,693,935 |
|
|
|
26.8 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Jarve (2) |
|
|
0 |
|
|
|
0 |
|
|
|
6,693,935 |
|
|
|
0 |
|
|
|
6,693,935 |
|
|
|
6,693,935 |
|
|
|
26.8 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Carlisle (2) |
|
|
0 |
|
|
|
0 |
|
|
|
6,693,935 |
|
|
|
0 |
|
|
|
6,693,935 |
|
|
|
6,693,935 |
|
|
|
26.8 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Perkins (2) |
|
|
0 |
|
|
|
0 |
|
|
|
6,693,935 |
|
|
|
0 |
|
|
|
6,693,935 |
|
|
|
6,693,935 |
|
|
|
26.8 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Siegel (2) |
|
|
0 |
|
|
|
0 |
|
|
|
6,693,935 |
|
|
|
0 |
|
|
|
6,693,935 |
|
|
|
6,693,935 |
|
|
|
26.8 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Vazirani (3) |
|
|
625 |
|
|
|
625 |
|
|
|
6,693,935 |
|
|
|
625 |
|
|
|
6,693,935 |
|
|
|
6,694,560 |
|
|
|
26.8 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Carolan (2) |
|
|
0 |
|
|
|
0 |
|
|
|
6,693,935 |
|
|
|
0 |
|
|
|
6,693,935 |
|
|
|
6,693,935 |
|
|
|
26.8 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) |
|
Represents the number of shares of Common Stock currently underlying all Securities held by
the Reporting Persons. |
|
(2) |
|
MVM X serves as the general partner of Menlo X, MEF X and MMEF X. MVM X owns no securities
of the Issuer directly. Montgomery, Jarve, Carlisle, Perkins, Siegel, Vazirani and Carolan
are Managing Members of MVM X and share voting and dispositive power over the shares held by
Menlo X, MEF X and MMEF X, and may be deemed to own beneficially the shares held by Menlo X,
MEF X and MMEF X. Montgomery, Jarve, Carlisle, Perkins, Siegel and Carolan own no securities
of the Issuer directly as of the date of this filing. |
|
(3) |
|
Amounts for Vazirani reflected in the columns shares held directly, sole voting power and
sole dispositive power represent shares issuable within 60 days of the date of this filing
upon exercise of a stock option that Vazirani holds by virtue of his service as a director of
the Issuer. This option, which has an exercise price of $10.00 per share, covers 7,500 shares
of Common Stock and is exercisable in 12 equal quarterly installments beginning on October 12,
2011. |
|
(4) |
|
This percentage is calculated based on 24,937,605 shares of the Common Stock outstanding as
of August 16, 2011, as disclosed in the Issuers final prospectus dated August 10, 2011, as
filed with the Commission on August 11, 2011. |
The information provided in Item 3 is hereby incorporated by reference.
15
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
Amended and Restated Investors Rights Agreement
The Menlo Funds and other stockholders (collectively, the Holders) of the Issuer entered into a
Third Amended and Restated Investors Rights Agreement dated December 24, 2009 (the Investors
Rights Agreement) with the Issuer. Subject to the terms of the Investors Rights Agreement,
holders of approximately 12.6 million shares of the Issuers
Common Stock (Registrable Securities) can demand that the Issuer file a registration statement or
request that their shares be covered by a registration statement that the Issuer is otherwise
filing.
Demand registration rights
At any time beginning on February 10, 2012, Holders of at least 35% of the Registrable Securities
then outstanding can, on not more than two occasions, request that the Issuer register all or a
portion of their shares. Such request for registration must cover at least that number of shares
with an anticipated aggregate offering price, net of underwriting discounts and commissions,
exceeding $10 million. However, the Issuer will not be required to effect a demand registration if
it has already effected one such registration in a given 12-month period. Additionally, the Issuer
will not be required to effect a demand registration during the period beginning 60 days prior to
the filing and 180 days following the effectiveness of a registration statement relating to a
public offering of its securities (subject to extension in certain circumstances).
Piggyback registration rights
In the event that the Issuer proposes to register any of its securities under the Securities Act,
either for its own account or for the account of other security holders, the Holders will be
entitled to certain piggyback registration rights allowing them to include their shares in such
registration, subject to certain marketing and other limitations. As a result, whenever the Issuer
proposes to file a registration statement under the Securities Act, other than with respect to a
registration related to employee benefit plans, debt securities or corporate reorganizations, the
Holders are entitled to notice of the registration and have the right, subject to limitations that
the underwriters may impose on the number of shares included in the registration, to include their
shares in the registration.
Form S-3 registration rights
The Holders are also entitled to certain Form S-3 registration rights. Holders of at least 10% of
the Registrable Securities then outstanding can make a written request that the Issuer register
their shares on Form S-3 if the Issuer is eligible to file a registration statement on Form S-3 and
if the aggregate price to the public of the shares offered is at least $2.5 million. These Holders
may make an unlimited number of requests for registration on Form S-3. However, the Issuer will not
be required to effect a registration on Form S-3 if it has already effected one such registration
in a given 12-month period. Additionally, the Issuer will not be required to effect a Form S-3
registration during the period beginning 60 days prior to the filing and 180 days following the
effectiveness of a registration statement relating to a public offering of its securities (subject
to extension in certain circumstances).
Expenses of Registration
The Issuer will pay the registration expenses of the Holders with respect to the shares registered
pursuant to the demand, piggyback, and Form S-3 registrations described above. In an underwritten
offering, the managing underwriter, if any, has the right, subject to specified conditions, to
limit the number of shares such Holders may include.
Indemnification
The Investors Rights Agreement contains customary cross-indemnification provisions, pursuant to
which the Issuer is obligated to indemnify the selling stockholders in the event of material
misstatements or omissions in the registration statement attributable to the Issuer, and the
selling stockholders are obligated to indemnify the Issuer for material misstatements or omissions
attributable to them.
Termination
The demand, piggyback, and Form S-3 registration rights described above will expire, with respect
to any particular Holder, when that Holder can sell all of its shares under Rule 144 of the
Securities Act during any three-month period. In any event, all such registration rights will
expire upon the earlier of August 16, 2016 or the consummation of certain events, including the
sale of all of the Issuers assets, a change of control of the Issuer, or a liquidation,
dissolution, or winding up of the Issuer.
16
Lock-up Agreement
The Menlo Funds, along with all of the Issuers executive officers and directors, and certain of
the Issuers our other security holders who held securities of the Issuer prior to its initial
public offering have agreed not to sell or transfer any common stock or securities convertible
into, exchangeable for, exercisable for, or repayable with common stock, for 180 days after August
10, 2011 without first obtaining the written consent of Merrill Lynch, Pierce, Fenner & Smith
Incorporated and J.P. Morgan Securities LLC. Specifically, the Menlo funds have agreed, with
certain limited exceptions, not to directly or indirectly
|
|
|
offer, pledge, sell, or contract to sell any common stock; |
|
|
|
|
sell any option or contract to purchase any common stock; |
|
|
|
|
purchase any option or contract to sell any common stock; |
|
|
|
|
grant any option, right, or warrant for the sale of any common stock; |
|
|
|
|
lend or otherwise dispose of or transfer any common stock; |
|
|
|
|
request or demand that we file a registration statement related to the common stock; or |
|
|
|
|
enter into any swap or other agreement that transfers, in whole or in part, the
economic consequence of ownership of any common stock whether any such swap or
transaction is to be settled by delivery of shares or other securities, in cash, or
otherwise. |
This lock-up provision applies to common stock and to securities convertible into or exchangeable
or exercisable for or repayable with common stock. It also applies to common stock owned now or
acquired later by the Menlo Funds or for which the Menlo Funds later acquire the power of
disposition, subject to certain exceptions.
In the event that either (x) during the last 17 days of the lock-up period referred to above, the
Issuer issues an earnings release or material news or a material event relating to the Issuer
occurs or (y) prior to the expiration of the lock-up period, the Issuer announces that it will
release earnings results or becomes aware that material news or a material event will occur during
the 16-day period beginning on the last day of the lock-up period, the restrictions described above
shall continue to apply until the expiration of the 18-day period beginning on the issuance of the
earnings release or the occurrence of the material news or material event.
The foregoing description of the terms of the Investors Rights Agreement and the Lock-up Agreement
is intended as a summary only and is qualified in its entirety by reference to the Investors
Rights Agreement and Form of Lock-up Agreement, which are filed as exhibits to this Schedule 13D
and incorporated by reference herein.
The information provided in Items 3, 4 and 5 is hereby incorporated by reference.
Other than as described in this Schedule 13D, to the best of the Reporting Persons knowledge,
there are no other contracts, arrangements, understandings or relationships (legal or otherwise)
among the persons named in Item 2 and between such persons and any person with respect to any
securities of the Issuer.
Item 7. Material to Be Filed as Exhibits
A. |
|
Third Amended and Restated Investors Rights Agreement by and among the Issuer and the
investors listed on Exhibit A thereto, dated as of December 24, 2009 (incorporated by
reference to Exhibit 4.2 of the Issuers Registration Statement of Form S-1 (SEC File No.
333-174139), filed with the SEC on May 12, 2011). |
|
B. |
|
Form of Lock-up Agreement. |
|
C. |
|
Agreement regarding filing of joint Schedule 13D. |
17
SIGNATURES
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: September 19, 2011
|
|
|
|
|
Menlo Ventures X, L.P. |
Menlo Entrepreneurs Fund X, L.P. |
|
|
MMEF X, L.P. |
|
|
|
|
|
By:
|
|
MV Management X, L.L.C. |
|
|
Its:
|
|
General Partner |
|
|
|
|
|
|
|
By:
|
|
/s/ Pravin Vazirani |
|
|
|
|
|
|
|
|
|
Pravin A. Vazirani |
|
|
|
|
Managing Member |
|
|
|
|
|
|
|
MV Management X, L.L.C. |
|
|
|
|
|
By:
|
|
/s/ Pravin Vazirani |
|
|
|
|
|
|
|
|
|
Pravin A. Vazirani |
|
|
|
|
Managing Member |
|
|
|
|
|
/s/ Henry D. Montgomery
|
|
|
|
|
|
Henry D. Montgomery |
|
|
|
|
|
/s/ John W. Jarve |
|
|
|
|
|
John W. Jarve |
|
|
|
|
|
/s/ Douglas C. Carlisle |
|
|
|
|
|
Douglas C. Carlisle |
|
|
|
|
|
/s/ Sonja H Perkins |
|
|
|
|
|
Sonja H. Perkins |
|
|
|
|
|
/s/ Mark A. Siegel |
|
|
|
|
|
Mark A. Siegel |
|
|
|
|
|
/s/ Pravin Vazirani |
|
|
|
|
|
Pravin A. Vazirani |
|
|
|
|
|
/s/ Shawn T. Carolan |
|
|
|
|
|
Shawn T. Carolan |
|
|
The original statement shall be signed by each person on whose behalf the statement is filed or
his authorized representative. If the statement is signed on behalf of a person by his authorized
representative (other than an executive officer or general partner of the filing person), evidence
of the representatives authority to sign on behalf of such person shall be filed with the
statement: provided, however, that a power of attorney for this purpose which is already on file
with the Commission may be incorporated by reference. The name and any title of each person who
signs the statement shall be typed or printed beneath his signature.
Attention: Intentional misstatements or omissions of fact
constitute Federal criminal violations (See 18 U.S.C. 1001)
18
SCHEDULE I
Managers:
Henry D. Montgomery
c/o Menlo Ventures
3000 Sand Hill Road, Suite 100
Menlo Park, California 94025
Principal Occupation: Managing Member of MVM X, which serves as the general partner of Menlo X,
MEF X and MMEF X
Citizenship: United States of America
John W. Jarve
c/o Menlo Ventures
3000 Sand Hill Road, Suite 100
Menlo Park, California 94025
Principal Occupation:
Principal Occupation: Managing Member of MVM X, which serves as the general partner of Menlo X,
MEF X and MMEF X
Citizenship: United States of America
Douglas C. Carlisle
c/o Menlo Ventures
3000 Sand Hill Road, Suite 100
Menlo Park, California 94025
Principal Occupation: Managing Member of MVM X, which serves as the general partner of Menlo X,
MEF X and MMEF X
Citizenship: United States of America
Sonja H. Perkins
c/o Menlo Ventures
3000 Sand Hill Road, Suite 100
Menlo Park, California 94025
Principal Occupation: Managing Member of MVM X, which serves as the general partner of Menlo X,
MEF X and MMEF X
Citizenship: United States of America
Mark A. Siegel
c/o Menlo Ventures
3000 Sand Hill Road, Suite 100
Menlo Park, California 94025
Principal Occupation: Managing Member of MVM X, which serves as the general partner of Menlo X,
MEF X and MMEF X
Citizenship: United States of America
Pravin A. Vazirani
c/o Menlo Ventures
3000 Sand Hill Road, Suite 100
Menlo Park, California 94025
Principal Occupation: Managing Member of MVM X, which serves as the general partner of Menlo X,
MEF X and MMEF X
Citizenship: United States of America
Shawn T. Carolan
c/o Menlo Ventures
3000 Sand Hill Road, Suite 100
Menlo Park, California 94025
Principal Occupation: Managing Member of MVM X, which serves as the general partner of Menlo X,
MEF X and MMEF X
Citizenship: United States of America
19
EXHIBIT INDEX
A. |
|
Third Amended and Restated Investors Rights Agreement by and among the Issuer and the
investors listed on Exhibit A thereto, dated as of December 24, 2009 (incorporated by
reference to Exhibit 4.2 of the Issuers Registration Statement of Form S-1 (SEC File No.
333-174139), filed with the SEC on May 12, 2011). |
|
B. |
|
Form of Lock-up Agreement. |
|
C. |
|
Agreement regarding filing of joint Schedule 13D. |
20