UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF 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. | SEC 1473 (7-02) | ||
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. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Series A Preferred Stock | Â (11) | Â (12) | Common Stock | 2,180,111 (13) | $ 0 | D (1) | Â |
Series A Preferred Stock | Â (11) | Â (12) | Common Stock | 624,820 (13) | $ 0 | D (2) | Â |
Series A Preferred Stock | Â (11) | Â (12) | Common Stock | 81,536 (13) | $ 0 | D (3) | Â |
Series A Preferred Stock | Â (11) | Â (12) | Common Stock | 24,272 (13) | $ 0 | D (4) | Â |
Series A Preferred Stock | Â (11) | Â (12) | Common Stock | 2,964,260 (13) | $ 0 | I | See Footnote (6) |
Series A Preferred Stock | Â (11) | Â (12) | Common Stock | 3,073,486 (13) | $ 0 | I | See Footnote (7) |
Series A Preferred Stock | Â (11) | Â (12) | Common Stock | 3,073,486 (13) | $ 0 | I | See Footnote (8) |
Series A Preferred Stock | Â (11) | Â (12) | Common Stock | 3,073,486 (13) | $ 0 | I | See Footnote (9) |
Series A Preferred Stock | Â (11) | Â (12) | Common Stock | 2,986,105 (13) | $ 0 | I | See Footnote (10) |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
BENCHMARK CAPITAL MANAGEMENT CO IV LLC 2480 SAND HILL ROAD SUITE 200 MENLO PARK, CA 94025 |
 |  X |  |  |
RACHLEFF ANDREW S 2480 SAND HILL ROAD SUITE 200 MENLO PARK, CA 94025 |
 |  X |  |  |
HARVEY KEVIN 2480 SAND HILL ROAD SUITE 200 MENLO PARK, CA 94025 |
 |  X |  |  |
DUNLEVIE BRUCE 2480 SAND HILL ROAD SUITE 200 MENLO PARK, CA 94025 |
 |  X |  |  |
KAGLE ROBERT 2480 SAND HILL ROAD SUITE 200 MENLO PARK, CA 94025 |
 |  X |  |  |
BENCHMARK FOUNDERS FUND IV LP 2480 SAND HILL ROAD SUITE 200 MENLO PARK, CA 94025 |
 |  X |  |  |
BENCHMARK CAPITAL PARTNERS IV LP 2480 SAND HILL ROAD SUITE 200 MENLO PARK, CA 94025 |
 |  X |  |  |
BENCHMARK FOUNDERS FUND IV A LP 2480 SAND HILL ROAD SUITE 200 MENLO PARK, CA 94025 |
 |  X |  |  |
BENCHMARK FOUNDERS FUND IV-B LP 2480 SAND HILL ROAD SUITE 200 MENLO PARK, CA 94025 |
 |  X |  |  |
BENCHMARK FOUNDERS FUND IV-X LP 2480 SAND HILL ROAD SUITE 200 MENLO PARK, CA 94025 |
 |  X |  |  |
/s/ Steven M. Spurlock, as managing member of Benchmark Capital Management Co. IV, L.L.C. | 05/20/2009 | |
**Signature of Reporting Person | Date | |
/s/ Steven M. Spurlock, as general partner of Benchmark Capital Partners IV, L.P. | 05/20/2009 | |
**Signature of Reporting Person | Date | |
/s/ Steven M. Spurlock, as general partner of Benchmark Capital Founders' Fund IV, L.P. | 05/20/2009 | |
**Signature of Reporting Person | Date | |
/s/ Steven M. Spurlock, as general partner of Benchmark Capital Founders' Fund IV-A, L.P. | 05/20/2009 | |
**Signature of Reporting Person | Date | |
/s/ Steven M. Spurlock, as general partner of Benchmark Capital Founders' Fund IV-B, L.P. | 05/20/2009 | |
**Signature of Reporting Person | Date | |
/s/ Steven M. Spurlock, as general partner of Benchmark Capital Founders' Fund IV-X, L.P. | 05/20/2009 | |
**Signature of Reporting Person | Date | |
/s/ Steven M. Spurlock, by power of attorney for Andrew S. Rachleff | 05/20/2009 | |
**Signature of Reporting Person | Date | |
/s/ Steven M. Spurlock, by power of attorney for Kevin Harvey | 05/20/2009 | |
**Signature of Reporting Person | Date | |
/s/ Steven M. Spurlock, by power of attorney for Bruce W. Dunlevie | 05/20/2009 | |
**Signature of Reporting Person | Date | |
/s/ Steven M. Spurlock, by power of attorney for Robert C. Kagle | 05/20/2009 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(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) | Shares owned by Benchmark Capital Partners IV, L.P. ("BCP IV"). |
(2) | Shares owned by Benchmark Founders' Fund IV, L.P. ("BFF IV"). |
(3) | Shares owned directly by Benchmark Founders' Fund IV-A, L.P. ("BFF IV-A"). |
(4) | Shares owned directly by Benchmark Founders' Fund IV-B, L.P. ("BFF IV-B"). |
(5) | Shares owned directly by Benchmark Founders' Fund IV-X, L.P. ("BFF IV-X"). |
(6) | Benchmark Capital Management Co. IV, LLC ("BCMC IV"), the Designated Filer, is the general partner of each of BCP IV, BFF IV, BFF IV-A, BFF IV-B and BFF IV-X, and may be deemed to have the sole voting and dispositive power over the 1,675,523 shares of common stock reported in column 2 of Table I and the 2,964,260 shares of Series A Preferred Stock reported in column 3 of Table II held by such entities. BCMC IV and each of its managing members disclaim beneficial ownership of the shares held by such entities except to the extent of any pecuniary interest therein, and the filing of this report is not an admission that BCMC IV and each of its managing members is the beneficial owner of these shares for purposes of Section 16 or for any other purpose. |
(7) | Andrew S. Rachleff, a managing member of BCMC IV, may be deemed to share voting and dispositive power over 1,675,523 shares of common stock reported in column 2 of Table I and the 2,964,260 shares of Series A Preferred Stock reported in column 3 of Table II which may be deemed beneficially held by BCMC IV. In addition, Mr. Rachleff may be deemed to share voting and dispositive power over 60,156 shares of common stock and 109,226 shares of Series A Preferred Stock held by his family trust. |
(8) | Kevin R. Harvey, a managing member of BCMC IV, may be deemed to share voting and dispositive power over 1,675,523 shares of common stock reported in column 2 of Table I and the 2,964,260 shares of Series A Preferred Stock reported in column 3 of Table II which may be deemed beneficially held by BCMC IV. In addition, Mr. Harvey may be deemed to share voting and dispositive power over 60,156 shares of common stock and 109,226 shares of Series A Preferred Stock held by his family trust. |
(9) | Bruce Dunlevie, a managing member of BCMC IV, may be deemed to share voting and dispositive power over 1,675,523 shares of common stock reported in column 2 of Table I and the 2,964,260 shares of Series A Preferred Stock reported in column 3 of Table II which may be deemed beneficially held by BCMC IV. In addition, Mr. Dunlevie may be deemed to share voting and dispositive power over 60,156 shares of common stock and 109,226 shares of Series A Preferred Stock held by his family trust. |
(10) | Robert Kagle, a managing member of BCMC IV, may be deemed to share voting and dispositive power over 1,675,523 shares of common stock reported in column 2 of Table I and the 2,964,260 shares of Series A Preferred Stock reported in column 3 of Table II which may be deemed beneficially held by BCMC IV. In addition, Mr. Kagle may be deemed to share voting and dispositive power over 12,031 shares of common stock and 21,845 shares of Series A Preferred Stock. |
(11) | The securities are immediately convertible. |
(12) | The expiration date is not relevant to the conversion of these securities. |
(13) | Each share of preferred stock will automatically convert on a 1-for-1 basis into common stock upon the closing of the Issuer's initial public offering. |
 Remarks: Alexandre Balkanski, Bruce W. Dunlevie, J. William Gurley, Kevin R. Harvey, Robert C. Kagle, Andrew S. Rachleff and Steven M. Spurlock are the managing members of BCMC IV, which serves as the general partner to each of BCP IV, BFF IV, BFF IV-A, BFF IV-B and BFF IV-X. 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) other than any securities being reported herein as being directly owned by such reporting person.  *This report is one of two reports, each on a separate Form 3, but relating to the same transaction being filed by BCMC IV, its managing members and the Benchmark IV Funds. |