SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* MOBIUS VI LLC (Last) (First) (Middle) 1050 WALNUT STREET, STE 210 (Street) BOULDER CO 80302 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol Rally Software Development Corp [ RALY ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 06/11/2013
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/11/2013		X		6,046	A	$3.78	1,582,530	I	By Mobius Technology Ventures VI,L.P.(1)(5)
Common Stock	06/11/2013		S(6)		1,021	D	$22.374	1,581,509	I	By Mobius Technology Ventures VI,L.P.(1)(5)
Common Stock	06/11/2013		X		6,485	A	$3.78	1,697,319	I	By SOFTBANK U.S. Ventures VI, L.P.(2)(5)
Common Stock	06/11/2013		S(7)		1,096	D	$22.374	1,696,233	I	By SOFTBANK U.S. Ventures VI, L.P.(2)(5)
Common Stock	06/11/2013		X		235	A	$3.78	64,703	I	By Mobius Technology Ventures Advisors Fund VI, L.P.(3)(5)
Common Stock	06/11/2013		S(8)		40	D	$22.374	64,663	I	By Mobius Technology Ventures Advisors Fund VI, L.P.(3)(5)
Common Stock	06/11/2013		X		247	A	$3.78	61,661	I	By Mobius Technology Ventures Side Fund VI, L.P.(4)(5)
Common Stock	06/11/2013		S(9)		42	D	$22.374	61,619	I	By Mobius Technology Ventures Side Fund VI, L.P.(4)(5)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Warrant to Purchase Common Stock (right to buy)	$3.78	06/11/2013		X			6,046	(10)	05/20/2018	Common Stock	6,046	$0	0	I	By Mobius Technology Ventures VI,L.P.(1)(5)
Warrant to Purchase Common Stock (right to buy)	$3.78	06/11/2013		X			6,485	(10)	05/20/2018	Common Stock	6,485	$0	0	I	By SOFTBANK U.S. Ventures VI, L.P.(2)(5)
Warrant to Purchase Common Stock (right to buy)	$3.78	06/11/2013		X			235	(10)	05/20/2018	Common Stock	235	$0	0	I	By Mobius Technology Ventures Advisors Fund VI, L.P.(3)(5)
Warrant to Purchase Common Stock (right to buy)	$3.78	06/11/2013		X			247	(10)	05/20/2018	Common Stock	247	$0	0	I	By Mobius Technology Ventures Side Fund VI, L.P.(4)(5)

1. Name and Address of Reporting Person* MOBIUS VI LLC (Last) (First) (Middle) 1050 WALNUT STREET, STE 210 (Street) BOULDER CO 80302 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* MOBIUS TECHNOLOGY VENTURES VI LP (Last) (First) (Middle) 1050 WALNUT STREET, STE 210 (Street) BOULDER CO 80302 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* SOFTBANK U S VENTURES VI L P (Last) (First) (Middle) 1050 WALNUT STREET, STE 210 (Street) BOULDER CO 80302 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* MOBIUS TECHNOLOGY VENTURES SIDE FUND VI L P (Last) (First) (Middle) 1050 WALNUT STREET, STE 210 (Street) BOULDER CO 80302 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* MOBIUS TECHNOLOGY VENTURES ADVISORS FUND VI L P (Last) (First) (Middle) 1050 WALNUT STREET, STE 210 (Street) BOULDER CO 80302 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* MENDELSON JASON A (Last) (First) (Middle) 1050 WALNUT STREET, STE 210 (Street) BOULDER CO 80302 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* FELD BRADLEY A (Last) (First) (Middle) 1050 WALNUT STREET, STE 210 (Street) BOULDER CO 80302 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. The securities are held by Mobius Technology Ventures VI, L.P. ("Mobius Technology VI").

2. The securities are held by SOFTBANK U.S. Ventures VI, L.P. ("Softbank").

3. The securities are held by Mobius Technology Ventures Advisors Fund VI, L.P. ("Mobius Advisors Fund").

4. The securities are held by Mobius Technology Ventures Side Fund VI, L.P. ("Mobius Side Fund").

5. Mobius VI L.L.C. ("Mobius VI") is the General Partner of Mobius Technology VI, Softbank, Mobius Side Fund and Mobius Advisors Fund (collectively, the "Mobius Funds"). Mobius VI may be deemed to indirectly beneficially own the securities owned by the Mobius Funds. Bradley A. Feld and Jason Mendelson are Managing Directors of Mobius VI and each share voting and dispositive power over the securities held by Mobius Funds. Each disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

6. On June 11, 2013, Mobius Technology VI exercised a warrant to purchase 6,046 shares of the Issuer's common stock for $3.78 per share. Mobius Technology VI paid the exercise price on a cashless basis, resulting in the Issuer's withholding of 1,021 shares to pay the exercise price and issuing to Mobius Technology VI the remaining 5,025 shares. The Issuer also paid $4.85 in cash to Mobius Technology VI in lieu of a fractional share.

7. On June 11, 2013, Softbank exercised a warrant to purchase 6,485 shares of the Issuer's common stock for $3.78 per share. Softbank paid the exercise price on a cashless basis, resulting in the Issuer's withholding of 1,096 shares to pay the exercise price and issuing to Softbank the remaining 5,389 shares. The Issuer also paid $12.32 in cash to Softbank in lieu of a fractional share.

8. On June 11, 2013, Mobius Advisors Fund exercised a warrant to purchase 235 shares of the Issuer's common stock for $3.78 per share. Mobius Advisors Fund paid the exercise price on a cashless basis, resulting in the Issuer's withholding of 40 shares to pay the exercise price and issuing to Mobius Advisors Fund the remaining 195 shares. The Issuer also paid $10.38 in cash to Mobius Advisors Fund in lieu of a fractional share.

9. On June 11, 2013, Mobius Side Fund exercised a warrant to purchase 247 shares of the Issuer's common stock for $3.78 per share. Mobius Side Fund paid the exercise price on a cashless basis, resulting in the Issuer's withholding of 42 shares to pay the exercise price and issuing to Mobius Side Fund the remaining 205 shares. The Issuer also paid $9.77 in cash to Mobius Side Fund in lieu of a fractional share.

10. Immediately exercisable.

	Mobius VI L.L.C. By: /s/ Bradley A. Feld, Managing Member	06/13/2013
	Mobius Technology Ventures VI, L.P. By: Mobius VI L.L.C. By: /s/ Bradley A. Feld, Managing Member	06/13/2013
	SOFTBANK U.S. Ventures VI, L.P. By: Mobius VI L.L.C. By: /s/ Bradley A. Feld, Managing Member	06/13/2013
	Mobius Technology Ventures Side Fund VI, L.P. By: Mobius VI L.L.C. By: /s/ Bradley A. Feld, Managing Member	06/13/2013
	Mobius Technology Ventures Advisors Fund VI, L.P. By: Mobius VI L.L.C. By: /s/ Bradley A. Feld, Managing Member	06/13/2013
	/s/ Bradley A. Feld	06/13/2013
	/s/ Jason Mendelson	06/13/2013
	** Signature of Reporting Person	Date
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