-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, NidXfmAyvq2euxwwrIVGqhQQTeJSxOi4wVDHIRgfEa81whItWkU6Bm9qKEj1lC9D 1Ywxut+fBDz3WsZFdWi2ng== 0000950005-05-000341.txt : 20050414 0000950005-05-000341.hdr.sgml : 20050414 20050414170156 ACCESSION NUMBER: 0000950005-05-000341 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20050414 DATE AS OF CHANGE: 20050414 GROUP MEMBERS: ICP MANAGEMENT V, LLC GROUP MEMBERS: INTEGRAL CAPITAL MANAGEMENT V, LLC GROUP MEMBERS: INTEGRAL CAPITAL MANAGEMENT VI, LLC GROUP MEMBERS: INTEGRAL CAPITAL PARTNERS V SIDE FUND, L.P. GROUP MEMBERS: INTEGRAL CAPITAL PARTNERS V SLP SIDE FUND, LLC GROUP MEMBERS: INTEGRAL CAPITAL PARTNERS V, L.P. GROUP MEMBERS: INTEGRAL CAPITAL PARTNERS VI, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: VERTRUE INC CENTRAL INDEX KEY: 0001020996 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 061276882 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-47315 FILM NUMBER: 05751397 BUSINESS ADDRESS: STREET 1: 680 WASHINGTON BLVD., SUITE 1100 CITY: STAMFORD STATE: CT ZIP: 06901 BUSINESS PHONE: 2033247635 MAIL ADDRESS: STREET 1: 680 WASHINGTON BLVD. STREET 2: 11TH FLOOR CITY: STAMFORD STATE: CT ZIP: 06901 FORMER COMPANY: FORMER CONFORMED NAME: MEMBERWORKS INC DATE OF NAME CHANGE: 19960814 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: INTEGRAL CAPITAL MANAGEMENT V LLC CENTRAL INDEX KEY: 0001112500 IRS NUMBER: 943355276 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 2750 SAND HILL ROAD CITY: MENLO PARK STATE: CA ZIP: 94025 BUSINESS PHONE: 6502330360 MAIL ADDRESS: STREET 1: 2750 SAND HILL ROAD CITY: MENLO PARK STATE: CA ZIP: 94025 SC 13G/A 1 p19301_13ga.txt SC 13G/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b) (Amendment No._1_)* - Vertrue Inc. (formerly Memberworks Incorporated) - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock ------------ (Title of Class of Securities) 92534N101 --------- (CUSIP Number) April 13, 2005 -------------- (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [ X ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). (Continued on following pages) Page 1 of 19 Pages Exhibit Index Contained on Page 16
- ----------------------------------------------------------- -------------------------------------------------- CUSIP NO. 92534N101 13D Page 2 of 19 Pages - ----------------------------------------------------------- -------------------------------------------------- - ----------- ------------------------------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Integral Capital Management V, LLC ("ICM5") - ----------- ------------------------------------------------------------------------------------------------------------------ 2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] - ----------- ------------------------------------------------------------------------------------------------------------------ 3 SEC USE ONLY - ----------- ------------------------------------------------------------------------------------------------------------------ 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware (limited liability company) - --------------------------------------- --------- ---------------------------------------------------------------------------- 5 SOLE VOTING POWER -0- --------- ---------------------------------------------------------------------------- NUMBER 6 SHARED VOTING POWER OF 0 shares, which shares are directly owned by Integral Capital SHARES Partners V, L.P. ("ICP5"). ICM5 is the general partner of ICP5. BENEFICIALLY --------- ---------------------------------------------------------------------------- OWNED BY EACH 7 SOLE DISPOSITIVE POWER -0- REPORTING --------- ---------------------------------------------------------------------------- PERSON 8 SHARED DISPOSITIVE POWER WITH -0- shares (see response to Item 6) - ----------- ------------------------------------------------------------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0- shares - ----------- ------------------------------------------------------------------------------------------------------------------ 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES* [_] - ----------- ------------------------------------------------------------------------------------------------------------------ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.00% - ----------- ------------------------------------------------------------------------------------------------------------------ 12 TYPE OF REPORTING PERSON* OO - ----------- ------------------------------------------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT!
- ----------------------------------------------------------- -------------------------------------------------- CUSIP NO. 92534N101 13D Page 3 of 19 Pages - ----------------------------------------------------------- -------------------------------------------------- - ----------- ------------------------------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON ICP Management V, LLC ("ICP Management 5") - ----------- ------------------------------------------------------------------------------------------------------------------ 2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] - ----------- ------------------------------------------------------------------------------------------------------------------ 3 SEC USE ONLY - ----------- ------------------------------------------------------------------------------------------------------------------ 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware (limited liability company) - --------------------------------------- --------- ---------------------------------------------------------------------------- 5 SOLE VOTING POWER -0- --------- ---------------------------------------------------------------------------- NUMBER 6 SHARED VOTING POWER OF 0 shares are directly owned by Integral Capital Partners V Side SHARES Fund, L.P. ("Side Fund") and 0 shares are directly owned by BENEFICIALLY Integral Capital Partners V SLP Side Fund, LLC ("SLP Side Fund"). OWNED BY EACH ICP Management 5 is the general partner of Side Fund and the REPORTING Manager of SLP Side Fund. PERSON --------- ---------------------------------------------------------------------------- WITH 7 SOLE DISPOSITIVE POWER -0- --------- ---------------------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER -0- shares (see response to Item 6) - ----------- ------------------------------------------------------------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0- shares - ----------- ------------------------------------------------------------------------------------------------------------------ 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES* [_] - ----------- ------------------------------------------------------------------------------------------------------------------ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.00% - ----------- ------------------------------------------------------------------------------------------------------------------ 12 TYPE OF REPORTING PERSON* OO - ----------------------------------------------------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT!
- ----------------------------------------------------------- -------------------------------------------------- CUSIP NO. 92534N101 13D Page 4 of 19 Pages - ----------------------------------------------------------- -------------------------------------------------- - ----------- ------------------------------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Integral Capital Management VI, LLC ("ICM6") - ----------- ------------------------------------------------------------------------------------------------------------------ 2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] - ----------- ------------------------------------------------------------------------------------------------------------------ 3 SEC USE ONLY - ----------- ------------------------------------------------------------------------------------------------------------------ 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware (limited liability company) - --------------------------------------- --------- ---------------------------------------------------------------------------- 5 SOLE VOTING POWER -0- --------- ---------------------------------------------------------------------------- NUMBER 6 SHARED VOTING POWER OF 0 shares, which are directly owned by Integral Capital Partners SHARES VI, L.P. ("ICP6"). ICM6 is the general partner of ICP6. BENEFICIALLY --------- ---------------------------------------------------------------------------- OWNED BY EACH 7 SOLE DISPOSITIVE POWER -0- REPORTING --------- ---------------------------------------------------------------------------- PERSON 8 SHARED DISPOSITIVE POWER WITH 0 shares (see response to Item 6) - ----------- ------------------------------------------------------------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 shares - ----------- ------------------------------------------------------------------------------------------------------------------ 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES* [_] - ----------- ------------------------------------------------------------------------------------------------------------------ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.00% - ----------- ------------------------------------------------------------------------------------------------------------------ 12 TYPE OF REPORTING PERSON* OO - ----------- ------------------------------------------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT!
- ----------------------------------------------------------- -------------------------------------------------- CUSIP NO. 92534N101 13D Page 5 of 19 Pages - ----------------------------------------------------------- -------------------------------------------------- - ----------- ------------------------------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Integral Capital Partners V, L.P. ("ICP5") - ----------- ------------------------------------------------------------------------------------------------------------------ 2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] - ----------- ------------------------------------------------------------------------------------------------------------------ 3 SEC USE ONLY - ----------- ------------------------------------------------------------------------------------------------------------------ 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware (limited partnership) - --------------------------------------- --------- ---------------------------------------------------------------------------- 5 SOLE VOTING POWER -0- --------- ---------------------------------------------------------------------------- NUMBER 6 SHARED VOTING POWER OF 0 shares are directly owned by ICP5. Integral Capital Management SHARES V, LLC is the general partner of ICP5. BENEFICIALLY --------- ---------------------------------------------------------------------------- OWNED BY EACH 7 SOLE DISPOSITIVE POWER -0- REPORTING --------- ---------------------------------------------------------------------------- PERSON 8 SHARED DISPOSITIVE POWER WITH 0 shares (see response to Item 6) - ----------- ------------------------------------------------------------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 shares - ----------- ------------------------------------------------------------------------------------------------------------------ 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES* [_] - ----------- ------------------------------------------------------------------------------------------------------------------ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.00% - ----------- ------------------------------------------------------------------------------------------------------------------ 12 TYPE OF REPORTING PERSON* PN - ----------- ------------------------------------------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT!
- ----------------------------------------------------------- -------------------------------------------------- CUSIP NO. 92534N101 13D Page 6 of 19 Pages - ----------------------------------------------------------- -------------------------------------------------- - ----------- ------------------------------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Integral Capital Partners V Side Fund, L.P. ("Side Fund") - ----------- ------------------------------------------------------------------------------------------------------------------ 2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] - ----------- ------------------------------------------------------------------------------------------------------------------ 3 SEC USE ONLY - ----------- ------------------------------------------------------------------------------------------------------------------ 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware (limited partnership) - --------------------------------------- --------- ---------------------------------------------------------------------------- 5 SOLE VOTING POWER -0- --------- ---------------------------------------------------------------------------- NUMBER 6 SHARED VOTING POWER OF 0 shares are directly owned by Side Fund. ICP Management V, LLC SHARES is the general partner of Side Fund. BENEFICIALLY --------- ---------------------------------------------------------------------------- OWNED BY EACH 7 SOLE DISPOSITIVE POWER -0- REPORTING --------- ---------------------------------------------------------------------------- PERSON 8 SHARED DISPOSITIVE POWER WITH 0 shares (see response to Item 6) - ----------- ------------------------------------------------------------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 shares - ----------- ------------------------------------------------------------------------------------------------------------------ 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES* [_] - ----------- ------------------------------------------------------------------------------------------------------------------ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.00% - ----------- ------------------------------------------------------------------------------------------------------------------ 12 TYPE OF REPORTING PERSON* PN - ----------- ------------------------------------------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT!
- ----------------------------------------------------------- -------------------------------------------------- CUSIP NO. 92534N101 13D Page 7 of 19 Pages - ----------------------------------------------------------- -------------------------------------------------- - ----------- ------------------------------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Integral Capital Partners V SLP Side Fund, LLC ("SLP Side Fund") - ----------- ------------------------------------------------------------------------------------------------------------------ 2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] - ----------- ------------------------------------------------------------------------------------------------------------------ 3 SEC USE ONLY - ----------- ------------------------------------------------------------------------------------------------------------------ 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware (limited liability company) - --------------------------------------- --------- ---------------------------------------------------------------------------- 5 SOLE VOTING POWER -0- --------- ---------------------------------------------------------------------------- NUMBER 6 SHARED VOTING POWER OF 0 shares, which are directly owned by Integral Capital Partners V SHARES SLP Side Fund, LLC ("SLP Side Fund"). ICP Management V, LLC is BENEFICIALLY the Manager of SLP Side Fund. OWNED BY EACH --------- ---------------------------------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER -0- PERSON --------- ---------------------------------------------------------------------------- WITH 8 SHARED DISPOSITIVE POWER 0 shares (see response to Item 6) - ----------- ------------------------------------------------------------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 shares - ----------- ------------------------------------------------------------------------------------------------------------------ 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES* [_] - ----------- ------------------------------------------------------------------------------------------------------------------ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.00% - ----------- ------------------------------------------------------------------------------------------------------------------ 12 TYPE OF REPORTING PERSON* OO - ----------- ------------------------------------------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT!
- ----------------------------------------------------------- -------------------------------------------------- CUSIP NO. 92534N101 13D Page 8 of 19 Pages - ----------------------------------------------------------- -------------------------------------------------- - ----------- ------------------------------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Integral Capital Partners VI, L.P. ("ICP6") - ----------- ------------------------------------------------------------------------------------------------------------------ 2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] - ----------- ------------------------------------------------------------------------------------------------------------------ 3 SEC USE ONLY - ----------- ------------------------------------------------------------------------------------------------------------------ 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware (limited partnership) - --------------------------------------- --------- ---------------------------------------------------------------------------- 5 SOLE VOTING POWER -0- --------- ---------------------------------------------------------------------------- NUMBER 6 SHARED VOTING POWER OF 0 shares, which are directly owned by ICP6. Integral Capital SHARES Management VI, LLC is the general partner of ICP6. BENEFICIALLY --------- ---------------------------------------------------------------------------- OWNED BY EACH 7 SOLE DISPOSITIVE POWER -0- REPORTING --------- ---------------------------------------------------------------------------- PERSON 8 SHARED DISPOSITIVE POWER WITH 0 shares (see response to Item 6) - ----------- ------------------------------------------------------------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 shares - ----------- ------------------------------------------------------------------------------------------------------------------ 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES* [_] - ----------- ------------------------------------------------------------------------------------------------------------------ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.00% - ----------- ------------------------------------------------------------------------------------------------------------------ 12 TYPE OF REPORTING PERSON* PN - ----------- ------------------------------------------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 9 of 19 ITEM 1(a). NAME OF ISSUER: -------------- Vetrue Inc. (formerly Memberworks Incorporated) ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: ----------------------------------------------- 680 Washington Blvd., Suite 110 Stamford, CT 06901 ITEM 2(a), (b), (c). NAME OF PERSON FILING, ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE, AND CITIZENSHIP: ----------------------------------------------------- This statement is being filed by Integral Capital Management V, LLC, a Delaware limited liability company ("ICM5"), ICP Management V, LLC, a Delaware limited liability company ("ICP Management 5") and Integral Capital Management VI, LLC, a Delaware limited liability company ("ICM6"). The principal business address of ICM5, ICP Management 5 and ICM6 is 3000 Sand Hill Road, Building 3, Suite 240, Menlo Park, California 94025. ICM5 is the general partner of Integral Capital Partners V, L.P., a Delaware limited partnership ("ICP5"). ICP Management 5 is the general partner of Integral Capital Partners V Side Fund, L.P., a Delaware limited partnership ("Side Fund") and the Manager of Integral Capital Partners V SLP Side Fund, LLC, a Delaware limited liability company ("SLP Side Fund"). ICM6 is the general partner of Integral Capital Partners VI, L.P., a Delaware limited partnership ("ICP6"). With respect to ICM5, ICP Management 5 and ICM6, this statement relates only to ICM5's, ICP Management 5's and ICM6's indirect, beneficial ownership of shares of Common Stock of the Issuer (the "Shares"). The Shares have been purchased by ICP5, Side Fund, SLP Side Fund and ICP6, and none of ICM5, ICP Management 5 or ICM6 directly or otherwise hold any Shares. Management of the business affairs of ICM5, ICP Management 5 and ICM6, including decisions respecting disposition and/or voting of the Shares, resides in a majority of the managers of ICM5, ICP Management 5 and ICM6, respectively, such that no single manager of ICM5, ICP Management 5, or ICM6 has voting and/or dispositive power of the Shares. ITEM 2(d). TITLE OF CLASS OF SECURITIES: ---------------------------- Common Stock Page 10 of 19 ITEM 2(e). CUSIP NUMBER: ------------ 92534N101 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), or 13d-2(b) or (c), CHECK WHETHER THE PERSON FILING IS A: (a) [ ] Broker or dealer registered under Section 15 of the Exchange Act. (b) [ ] Bank as defined in Section 3(a)(6) of the Exchange Act. (c) [ ] Insurance company as defined in Section 3(a)(19) of the Exchange Act. (d) [ ] Investment company registered under Section 8 of the Investment Company Act. (e) [ ] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act; (j) [ ] Group, in accordance with Rule13d-1(b)(1)(ii)(J). If this statement is filed pursuant to Rule 13d-1(c), check this box. [X]. ITEM 4. OWNERSHIP. --------- Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. A. Integral Capital Management V, LLC ("ICM5") (a) Amount Beneficially Owned: -0- (b) Percent of Class: 0.00% (c) Number of shares as to which such person has: 1. Sole power to vote or to direct vote: -0- 2. Shared power to vote or to direct vote: -0- 3. Sole power to dispose or to direct the disposition: -0- 4. Shared power to dispose or to direct the disposition: -0- Page 11 of 19 B. ICP Management V, LLC ("ICP Management 5") (a) Amount Beneficially Owned: -0- (b) Percent of Class: 0.00% (c) Number of shares as to which such person has: 1. Sole power to vote or to direct vote: -0- 2. Shared power to vote or to direct vote: -0- 3. Sole power to dispose or to direct the disposition: -0- 4. Shared power to dispose or to direct the disposition: -0- C. Integral Capital Management VI, LLC ("ICM6") (a) Amount Beneficially Owned: -0- (b) Percent of Class: 0.00% (c) Number of shares as to which such person has: 1. Sole power to vote or to direct vote: -0- 2. Shared power to vote or to direct vote: -0- 3. Sole power to dispose or to direct the disposition: -0- 4. Shared power to dispose or to direct the disposition: -0- D. Integral Capital Partners V, L.P. ("ICP5") (a) Amount Beneficially Owned: -0- (b) Percent of Class: 0.00% (c) Number of shares as to which such person has: 1. Sole power to vote or to direct vote: -0- 2. Shared power to vote or to direct vote: -0- 3. Sole power to dispose or to direct the disposition: -0- 4. Shared power to dispose or to direct the disposition: -0- E. Integral Capital Partners V Side Fund, L.P. ("Side Fund") (a) Amount Beneficially Owned: -0- (b) Percent of Class: 0.00% (c) Number of shares as to which such person has: 1. Sole power to vote or to direct vote: -0- 2. Shared power to vote or to direct vote: -0- 3. Sole power to dispose or to direct the disposition: -0- 4. Shared power to dispose or to direct the disposition: -0- Page 12 of 19 F. Integral Capital Partners V SLP Side Fund, LLC ("SLP Side Fund") (a) Amount Beneficially Owned: -0- (b) Percent of Class: 0.00% (c) Number of shares as to which such person has: 1. Sole power to vote or to direct vote: -0- 2. Shared power to vote or to direct vote: -0- 3. Sole power to dispose or to direct the disposition: -0- 4. Shared power to dispose or to direct the disposition: -0- G. Integral Capital Partners VI, L.P. ("ICP6") (a) Amount Beneficially Owned: -0- (b) Percent of Class: -0-% (c) Number of shares as to which such person has: 1. Sole power to vote or to direct vote: -0- 2. Shared power to vote or to direct vote: -0- 3. Sole power to dispose or to direct the disposition: -0- 4. Shared power to dispose or to direct the disposition: -0- ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS. -------------------------------------------- If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ X ]. ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON. ------------------------------------------------ Not applicable. ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY. --------------------------------------------------------- Not applicable. Page 13 of 19 ITEM 8. IDENTIFICATION AND CLASSIFCATION OF MEMBERS OF THE GROUP. -------------------------------------------------------- Not applicable. ITEM 9. NOTICE OF DISSOLUTION OF GROUP. ------------------------------ Not applicable. ITEM 10. CERTIFICATION. ------------- By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. SIGNATURE 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. Dated: April 14, 2005 INTEGRAL CAPITAL MANAGEMENT V, LLC By /s/ Pamela K. Hagenah ----------------------------------------------- Pamela K. Hagenah a Manager ICP MANAGEMENT V, LLC By /s/ Pamela K. Hagenah ----------------------------------------------- Pamela K. Hagenah a Manager Page 14 of 19 INTEGRAL CAPITAL MANAGEMENT VI, LLC By /s/ Pamela K. Hagenah ----------------------------------------------- Pamela K. Hagenah a Manager INTEGRAL CAPITAL PARTNERS V, L.P. By Integral Capital Management V, LLC, its General Partner By /s/ Pamela K. Hagenah ----------------------------------------------- Pamela K. Hagenah a Manager INTEGRAL CAPITAL PARTNERS V SIDE FUND, L.P. By ICP Management V, LLC its General Partner By /s/ Pamela K. Hagenah ----------------------------------------------- Pamela K. Hagenah a Manager INTEGRAL CAPITAL PARTNERS V SLP SIDE FUND, LLC By ICP Management V, LLC, its Manager By /s/ Pamela K. Hagenah ----------------------------------------------- Pamela K. Hagenah a Manager Page 15 of 19 INTEGRAL CAPITAL PARTNERS VI, L.P. By Integral Capital Management VI, LLC its General Partner By /s/ Pamela K. Hagenah ----------------------------------------------- Pamela K. Hagenah a Manager Page 16 of 19 EXHIBIT INDEX Found on Sequentially Exhibit Numbered Page - ------- ------------- Exhibit A: Agreement of Joint Filing 17 Page 17 of 19 EXHIBIT A Agreement of Joint Filing The undersigned hereby agree that they are filing jointly pursuant to Rule 13d-1(k)(1) of the Act the statement dated April 14, 2005 containing the information required by Schedule 13G, for the Zero (0) Shares of capital stock of Vetrue Inc. (formerly Memberworks Incorporated) held by Integral Capital Partners V, L.P., a Delaware limited partnership, Integral Capital Partners V Side Fund, L.P., a Delaware limited partnership, Integral Capital Partners V SLP Side Fund, LLC, a Delaware limited liability company, and Integral Capital Partners VI, L.P., a Delaware limited partnership. Date: April 14, 2005 INTEGRAL CAPITAL MANAGEMENT V, LLC By /s/ Pamela K. Hagenah ----------------------------------------------- Pamela K. Hagenah a Manager ICP MANAGEMENT V, LLC By /s/ Pamela K. Hagenah ----------------------------------------------- Pamela K. Hagenah a Manager INTEGRAL CAPITAL MANAGEMENT VI, LLC By /s/ Pamela K. Hagenah ----------------------------------------------- Pamela K. Hagenah a Manager Page 18 of 19 INTEGRAL CAPITAL PARTNERS V, L.P. By Integral Capital Management V, LLC, its General Partner By /s/ Pamela K. Hagenah ----------------------------------------------- Pamela K. Hagenah a Manager INTEGRAL CAPITAL PARTNERS V SIDE FUND, L.P. By ICP Management V, LLC, its General Partner By /s/ Pamela K. Hagenah ----------------------------------------------- Pamela K. Hagenah a Manager INTEGRAL CAPITAL PARTNERS V SLP SIDE FUND, LLC By ICP Management V, LLC, its Manager By /s/ Pamela K. Hagenah ----------------------------------------------- Pamela K. Hagenah a Manager Page 19 of 19 INTEGRAL CAPITAL PARTNERS VI, L.P. By Integral Capital Management VI, LLC, its General Partner By /s/ Pamela K. Hagenah ----------------------------------------------- Pamela K. Hagenah a Manager -----END PRIVACY-ENHANCED MESSAGE-----