FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 08/18/2004 |
3. Issuer Name and Ticker or Trading Symbol
FRONT PORCH DIGITAL INC [ FPDI ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock | 20,462,727 | I(1) | See Footnote 1 |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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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: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Series A Convertible Preferred Stock | (2) | (3) | Common Stock | 16,863,388 | (4) | I(5) | See Footnote 5 |
Explanation of Responses: |
1. The reporting person may be deemed to have an indirect pecuniary interest in 20,462,727 shares as the manager of Great Hill Investors, LLC, Great Hill Partners, LLC and Great Hill Partners GP, LLC. The reporting person disclaims beneficial ownership of such shares because its indirect pecuniary interest is subject to indeterminable future events except an interest in 180,788 of such shares. |
2. Immediately Convertible |
3. Not Applicable |
4. Each share of Series A Convertible Preferred Stock is convertible into Common Stock equal to the sum of $12.60 per share plus accrued and unpaid dividends divided by the conversion price in effect at the time of conversion. The initial conversion price is $0.63 per share yielding a conversion ratio of 20 shares of Common Stock for each share of Series A Convertible Preferred Stock. |
5. Great Hill Partners GP, LLC may be deemed to have an indirect pecuniary interest in 16,863,388 shares as the manager of Great Hill Investors, LLC, Great Hill Partners, LLC and Great Hill Partners GP, LLC. The reporting person disclaims beneficial ownership of such shares because its indirect pecuniary interest is subject to indeterminable future events except an interest in 149,005 of such shares. |
/s/ Christopher S. Gaffney | 08/30/2004 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* 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). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
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 Number. |