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-1 Convertible Preferred Stock | Â (1) | Â (1) | Common Stock | 1,400,000 | $ (2) | D (3) | Â |
Series B Convertible Preferred Stock | Â (1) | Â (1) | Common Stock | 831,901 | $ (4) | D (3) | Â |
Warrant to Purchase Series B Preferred Stock | 02/27/2009 | 02/27/2016(5) | Series B Preferred Stock | 226,710 | $ 1.1 | D (3) | Â |
Warrant to Purchase Series B Preferred Stock | 05/15/2009 | 05/15/2016(5) | Series B Preferred Stock | 127,782 | $ 1.1 | D (3) | Â |
Warrant to Purchase Series B Preferred Stock | 06/15/2009 | 06/15/2016(5) | Series B Preferred Stock | 127,782 | $ 1.1 | D (3) | Â |
Warrant to Purchase Series B Preferred Stock | 07/15/2009 | 07/15/2016(5) | Series B Preferred Stock | 127,782 | $ 1.1 | D (3) | Â |
Warrant to Purchase Series B Preferred Stock | 10/07/2010 | 12/02/2016(6) | Series B Preferred Stock | 528,235 | $ 1.1 | D (3) | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Scale Venture Partners II, LP 950 TOWER LANE, SUITE 700 FOSTER CITY, CA 94404 |
 |  X |  |  |
Scale Venture Management II, LLC 950 TOWER LANE, SUITE 700 FOSTER CITY, CA 94404 |
 |  X |  |  |
Brooks Mark J 450 TOWER LANE, SUITE 700 FOSTER CITY, CA 94404 |
 |  X |  |  |
MITCHELL KATE 950 TOWER LANE SUITE 700 FOSTER CITY, CA 94404 |
 |  X |  |  |
O'Driscoll Rory 450 TOWER LANE, SUITE 700 FOSTER CITY, CA 94404 |
 |  X |  |  |
Wienbar Sharon L 450 TOWER LANE, SUITE 700 FOSTER CITY, CA 94404 |
 |  X |  |  |
By: Scale Venture Management II, LLC, its General Partner, by: Louis Bock, Managing Member, /s/ Louis Bock | 11/22/2010 | |
**Signature of Reporting Person | Date | |
By: Louis Bock, Managing Member, /s/ Louis C. Bock | 11/22/2010 | |
**Signature of Reporting Person | Date | |
/s/ Mark Brooks | 11/22/2010 | |
**Signature of Reporting Person | Date | |
/s/ Kate Mitchell | 11/22/2010 | |
**Signature of Reporting Person | Date | |
/s/ Rory O'Driscoll | 11/22/2010 | |
**Signature of Reporting Person | Date | |
/s/ Sharon Wienbar | 11/22/2010 | |
**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) | These securities are preferred stock of the Issuer and do not have an expiration date. The securities are convertible at any time at the election of the holder and will automatically convert into shares of common stock in connection with the Issuer's initial public offering. |
(2) | Each share of Series A Convertible Stock is convertible into 0.1 shares of common stock. |
(3) | The securities are held by Scale Venture Partners II, LP ("Scale Partners"). The General Partner of Scale Partners is Scale Venture Management II, LLC ("Scale Management"). Louis Bock, Mark Brooks, Kate Mitchell, Rory O'Driscoll and Sharon Wienbar are managing members of Scale Management and share voting and investment power with respect to these securities. Each of the managing members of Scale Management disclaims beneficial ownership with respect to these securities except to the extent of his or her respective proportionate pecuniary interst therein. |
(4) | Each share of Series B Convertible Stock is convertible into 0.1 shares of common stock. |
(5) | These warrants shall terminate unless exercised prior to the closing of the Issuer's initial public offering or the occurence of other specified corporate transactions. |
(6) | This warrant shall terminate and expire unless exercised prior to an initial public offering of the Issuer's common stock with a specified price per share that occurs on or before December 31, 2010, or upon the occurence of other specified corporate transactions. |