UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Amendment No. 1)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a)
AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
Cornerstone OnDemand, Inc.
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(Name of Issuer)
Common Stock, $0.0001 par value per share
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(Title of Class of Securities)
21925Y103
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(CUSIP Number)
Robert G. Moses
RGM Capital, LLC
9010 Strada Stell Court
Suite 105
Naples, FL 34109
(239)-593-1280
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
May 11, 2018
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(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 Rule 240.13d-1(b)(e), 240.13d-1(f) or
240.13d-1(g) check the following box [ ].
CUSIP NO. 21925Y103
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1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON (entities only)
RGM Capital, LLC
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS*
WC
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7. SOLE VOTING POWER
0
NUMBER OF ----------------------------------------------------------
SHARES 8. SHARED VOTING POWER
BENEFICIALLY 2,015,067
OWNED BY EACH ----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER
0
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10. SHARED DISPOSITIVE POWER
2,015,067
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,015,067
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.49%
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14. TYPE OF REPORTING PERSON
IA, OO
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CUSIP NO. 21925Y103
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1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON (entities only)
Robert G. Moses
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS*
00
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7. SOLE VOTING POWER
0
NUMBER OF ----------------------------------------------------------
SHARES 8. SHARED VOTING POWER
BENEFICIALLY 2,015,067
OWNED BY EACH ----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER
0
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10. SHARED DISPOSITIVE POWER
2,015,067
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,015,067
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.49%
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14. TYPE OF REPORTING PERSON
HC, IN
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Preliminary Note: This Amendment No. 1 to Schedule 13D (this "Amendment No.
1") amends the Schedule 13D initially filed by the Reporting Persons on
December 5, 2017 (the "Prior Schedule 13D" and, as amended and restated by this
Amendment No. 1, this "Schedule 13D"). This Amendment No. 1 amends Items 3,
5 as set forth below. This is the final amendment to the Schedule 13D and
constitutes an "exit filing" for the Reporting Persons.
Capitalized terms used without definition in this Amendment No. 1 have the
meanings ascribed thereto in the Prior Schedule 13D.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The source of funds used to purchase the securities reported herein
was the working capital of private investment funds and separately managed
accounts. The aggregate funds used by the Reporting Persons to make the
purchases was $66,040,142.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a-b). As of the date hereof, RGM Capital, LLC may be deemed the
beneficial owner of 2,015,067 shares of Issuer Common Stock, representing
approximately 3.49% of the Issuer's outstanding Common Stock based upon
the 57,693,211 outstanding shares of Common Stock as reported in the
Issuer's Form 10-Q for the quarterly period ended March 31, 2018.
RGM Capital shares the power to vote or direct the vote of 2,015,067
shares to which this filing relates.
RGM Capital has the sole power to vote or direct the vote of 0 shares
to which this filing relates.
RGM Capital shares the power to dispose or direct the disposition of
2,015,067 shares to which this filing relates.
RGM Capital has the sole power to dispose or direct the disposition of
0 shares to which this filing relates.
As of the date hereof, Robert G. Moses may be deemed the beneficial
owner of 2,015,067 shares of Issuer Common Stock, representing approximately
3.49% of the Issuer's outstanding Common Stock based upon the 57,693,211
outstanding shares of Common Stock as reported in the Issuer's Form 10-Q for
the quarterly period ended March 31, 2018.
Robert G. Moses shares the power to vote or direct the vote of
2,015,067 shares to which this filing relates.
Robert G. Moses has the sole power to vote or direct the vote of 0
shares to which this filing relates.
Robert G. Moses shares the power to dispose or direct the disposition
of 2,015,067 shares to which this filing relates.
Robert G. Moses has the sole power to dispose or direct the
disposition of 0 shares to which this filing relates.
(c) The following transactions in the Issuer's Common Stock were
effected by the Reporting Persons during the sixty (60) days preceding the
date of this report. All of such transactions represent open market
transactions.
Trade Date Nature of Transaction Shares Price/Share
---------- --------------------- ----------- -----------
03/28/2018 Purchase 25,000 38.2500
04/16/2018 Sale 27,200 43.1284
04/17/2018 Sale 150,000 43.8451
04/18/2018 Sale 160,000 44.4969
04/19/2018 Sale 35,183 44.6483
05/02/2018 Sale 18,253 45.2228
05/03/2018 Sale 19,223 45.0127
05/04/2018 Sale 25,000 45.3523
05/07/2018 Sale 4,100 45.6184
05/08/2018 Sale 75,000 45.4241
05/10/2018 Sale 35,000 48.9809
05/11/2018 Sale 74,158 48.3597
05/14/2018 Sale 16,205 47.6701
05/15/2018 Sale 170,951 47.0831
05/16/2018 Sale 200,000 47.4248
(e) The Reporting Persons ceased to be the beneficial owner of
more than 5% of the Common Stock on April 17, 2018.
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.
May 17, 2018
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(Date)
RGM Capital, LLC
By: /s/ Robert G. Moses
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Robert G. Moses, Managing Member
/s/ Robert G. Moses
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Robert G. Moses