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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES 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 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
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 control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Series A Preferred Stock | $ 0 | 07/19/2011 | C(1) | 5,800,738 | (1) | (1) | Class A Common Stock | 1,716,194 (1) | $ 0 | 0 | I | See Footnote (2) | |||
Series A Preferred Stock | $ 0 | 07/19/2011 | C(1) | 710,814 | (1) | (1) | Class A Common Stock | 210,300 (1) | $ 0 | 0 | I | See Footnote (3) | |||
Series A Preferred Stock | $ 0 | 07/19/2011 | C(1) | 136,094 | (1) | (1) | Class A Common Stock | 40,264 (1) | $ 0 | 0 | I | See Footnote (4) | |||
Series A Preferred Stock | $ 0 | 07/19/2011 | C(1) | 107,091 | (1) | (1) | Class A Common Stock | 31,684 (1) | $ 0 | 0 | I | See Footnote (5) | |||
Series A Preferred Stock | $ 0 | 07/19/2011 | C(1) | 7,586,206 | (1) | (1) | Class A Common Stock | 2,244,440 (1) | $ 0 | 0 | I | See Footnote (6) | |||
Series B Preferred Stock | $ 0 | 07/19/2011 | C(1) | 580,075 | (1) | (1) | Class A Common Stock | 171,620 (1) | $ 0 | 0 | I | See Footnote (2) | |||
Series B Preferred Stock | $ 0 | 07/19/2011 | C(1) | 71,081 | (1) | (1) | Class A Common Stock | 21,030 (1) | $ 0 | 0 | I | See Footnote (3) | |||
Series B Preferred Stock | $ 0 | 07/19/2011 | C(1) | 13,609 | (1) | (1) | Class A Common Stock | 4,026 (1) | $ 0 | 0 | I | See Footnote (4) | |||
Series B Preferred Stock | $ 0 | 07/19/2011 | C(1) | 10,709 | (1) | (1) | Class A Common Stock | 3,168 (1) | $ 0 | 0 | I | See Footnote (5) | |||
Series B Preferred Stock | $ 0 | 07/19/2011 | C(1) | 758,621 | (1) | (1) | Class A Common Stock | 224,443 (1) | $ 0 | 0 | I | See Footnote (6) | |||
Series C Preferred Stock | $ 0 | 07/19/2011 | C(1) | 330,818 | (1) | (1) | Class A Common Stock | 97,875 (1) | $ 0 | 0 | I | See Footnote (2) | |||
Series C Preferred Stock | $ 0 | 07/19/2011 | C(1) | 40,538 | (1) | (1) | Class A Common Stock | 11,994 (1) | $ 0 | 0 | I | See Footnote (3) | |||
Series C Preferred Stock | $ 0 | 07/19/2011 | C(1) | 7,762 | (1) | (1) | Class A Common Stock | 2,296 (1) | $ 0 | 0 | I | See Footnote (4) | |||
Series C Preferred Stock | $ 0 | 07/19/2011 | C(1) | 6,107 | (1) | (1) | Class A Common Stock | 1,807 (1) | $ 0 | 0 | I | See Footnote (5) | |||
Series C Preferred Stock | $ 0 | 07/19/2011 | C(1) | 432,644 | (1) | (1) | Class A Common Stock | 128,001 (1) | $ 0 | 0 | I | See Footnote (6) |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
SPURLOCK STEVEN M 2480 SAND HILL ROAD, SUITE 200 MENLO PARK, CA 94025 |
X | |||
KAGLE ROBERT 2480 SAND HILL ROAD, SUITE 200 MENLO PARK, CA 94025 |
X |
/s/ Steven M. Spurlock | 07/19/2011 | |
**Signature of Reporting Person | Date | |
/s/ Steven M. Spurlock, by power of attorney for Robert C. Kagle | 07/19/2011 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | The Preferred Stock converted into Class A Common Stock on a 3.38-to-1 basis upon the effectiveness of the issuer's registration statement on Form S-1 under the Securities Act of 1933, filed in connection with the issuer's initial public offering, and had no expiration date. Any fractional share resulting from the conversion was cashed out. |
(2) | Shares owned by Benchmark Capital Partners V, L.P. ("BCP V"). |
(3) | Shares owned by Benchmark Founders' Fund V, L.P. ("BFF V"). |
(4) | Shares owned by Benchmark Founders' Fund V-A, L.P. ("BFF V-A"). |
(5) | Shares owned by Benchmark Founders' Fund V-B, L.P. ("BFF V-B"). |
(6) | Benchmark Capital Management Co. IV, LLC ("BCMC V"), the general partner of each of BCP V, BFF V, BFF V-A and BFF V-B, may be deemed to have the sole voting and dispositive power over 2,596,884 shares of the issuer's Class A Common Stock. BCMC V and each of its managing members disclaim beneficial ownership of these shares of issuer's Class A Common Stock except to the extent of any pecuniary interest therein, and the filing of this report is not an admission that BCMC V and each of its managing members is the beneficial owner of these shares for purposes of Section 16 or for any other purpose. |
Remarks: Alexandre Balkanski, Bruce W. Dunlevie, J. William Gurley, Kevin R. Harvey, Robert C. Kagle, Steven M. Spurlock, Peter H. Fenton and Mitchell H. Lasky are the managing members of BCMC V, which serves as the general partner to each of BCP V, BFF V, BFF V-A and BFF V-B. Each reporting person disclaims the existence of a "group" and disclaims beneficial ownership of any securities except to the extent of such reporting person's pecuniary interest in such securities. This report is one of three reports, each on a separate Form 3, but relating to the same transaction being filed by BCP V, its managing members and the Benchmark V Funds. Form 2 of 3. |