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 C Preferred Stock | Â (1) | Â (1) | Existing Class A Common Stock | 6,170,618 | $ (1) | I | See footnote (2) |
Series D Preferred Stock | Â (3) | Â (3) | Existing Class A Common Stock | 503,056 | $ (3) | I | See footnote (2) |
Series E Preferred Stock | Â (4) | Â (4) | Existing Class A Common Stock | 38,183 | $ (4) | I | See footnote (2) |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Scale Venture Partners III, L.P. 950 TOWER LANE, SUITE 700 FOSTER CITY, CA 94404 |
 |  X |  |  |
Scale Venture Management III, LLC 950 TOWER LANE, SUITE 700 FOSTER CITY, CA 94404 |
 |  X |  |  |
Bishop Stacey C/O SCALE VENTURE MANAGEMENT III, LLC 950 TOWER LANE, SUITE 700 FOSTER CITY, CA 94404 |
 |  X |  |  |
MITCHELL KATE C/O SCALE VENTURE MANAGEMENT III, LLC 950 TOWER LANE, SUITE 700 FOSTER CITY, CA 94404 |
 |  X |  |  |
Vitus Andrew L. C/O SCALE VENTURE MANAGEMENT III, LLC 950 TOWER LANE, SUITE 700 FOSTER CITY, CA 94404 |
 |  X |  |  |
By: Rory O'Driscoll, Managing Member of Scale Venture Management III, LLC, General Partner | 01/22/2015 | |
**Signature of Reporting Person | Date | |
/s/ Rory O'Driscoll, Managing Member | 01/22/2015 | |
**Signature of Reporting Person | Date | |
/s/ Stacey Bishop | 01/22/2015 | |
**Signature of Reporting Person | Date | |
/s/ Kate Mitchell | 01/22/2015 | |
**Signature of Reporting Person | Date | |
/s/ Andrew Vitus | 01/22/2015 | |
**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) | Subject to certain adjustments, the Series C Preferred Stock is convertible into the Issuer's existing Class A Common Stock ("Existing Class A Common Stock") on a 1:1 basis and has no expiration date. Immediately prior to the consummation of the Issuer's initial public offering, all shares of Series C Preferred Stock will automatically convert into shares of Existing Class A Common Stock of the Issuer. |
(2) | The shares are held of record by Scale Venture Partners III, L.P. (SVP III). Scale Venture Management III, LLC (SVM III), the general partner of SVP III, has sole voting and dispositive power with respect to the shares held by SVP III. Stacey Bishop, Kate Mitchell, Rory O'Driscoll and Andy Vitus, the managing members of SVM III, share voting and dispositive power with respect to the shares held by SVP III. The reporting persons disclaim beneficial ownership of these securities except to the extent of their respective pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purpose. |
(3) | Subject to certain adjustments, the Series D Preferred Stock is convertible into the Issuer's Existing Class A Common Stock on a 1:1 basis and has no expiration date. Immediately prior to the consummation of the Issuer's initial public offering, all shares of Series D Preferred Stock will automatically convert into shares of Existing Class A Common Stock of the Issuer. |
(4) | Subject to certain adjustments, the Series E Preferred Stock is convertible into the Issuer's Existing Class A Common Stock on a 1:1 basis and has no expiration date. Immediately prior to the consummation of the Issuer's initial public offering, all shares of Series E Preferred Stock will automatically convert into shares of Existing Class A Common Stock of the Issuer. |
 Remarks: The reporting persons may be deemed to have beneficial ownership of more than 10% of the Issuer's Class A Common Stock, which is a class of equity securities registered under Section 12 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), by virtue of the treatment of only the convertible shares held by the reporting persons as being converted into Class A Common Stock for the purpose of computing the reporting persons' percentage ownership of Class A Common Stock.  The filing of this Form 3 shall not be deemed an admission that the reporting persons are required to file reports pursuant to Section 16 of the Exchange Act.  Rory O'Driscoll is a director of the Issuer and files Section 16 reports separately. |