0000950005-05-000336.txt : 20120614
0000950005-05-000336.hdr.sgml : 20120614
20050412172932
ACCESSION NUMBER: 0000950005-05-000336
CONFORMED SUBMISSION TYPE: SC 13D/A
PUBLIC DOCUMENT COUNT: 2
FILED AS OF DATE: 20050412
DATE AS OF CHANGE: 20050412
GROUP MEMBERS: DOUGLAS LEONE
GROUP MEMBERS: MARK KVAMME
GROUP MEMBERS: MARK STEVENS
GROUP MEMBERS: MICHAEL GOGUEN
GROUP MEMBERS: MICHAEL MORITZ
GROUP MEMBERS: SC IX MANAGEMENT LLC
GROUP MEMBERS: SC IX.I MANAGEMENT LLC
GROUP MEMBERS: SCFF MANAGEMENT LLC
GROUP MEMBERS: SEQUOIA CAPITAL ENTREPRENEURS ANNEX FUND
GROUP MEMBERS: SEQUOIA CAPITAL ENTREPRENEURS FUND
GROUP MEMBERS: SEQUOIA CAPITAL FRANCHISE FUND
GROUP MEMBERS: SEQUOIA CAPITAL FRANCHISE PARTNERS
GROUP MEMBERS: SEQUOIA CAPITAL IX
GROUP MEMBERS: SEQUOIA CAPITAL IX PRINCIPALS FUND
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: SABA SOFTWARE INC
CENTRAL INDEX KEY: 0001070380
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372]
IRS NUMBER: 943267638
STATE OF INCORPORATION: DE
FILING VALUES:
FORM TYPE: SC 13D/A
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-58995
FILM NUMBER: 05746879
BUSINESS ADDRESS:
STREET 1: 2400 BRIDGE PARKWAY
STREET 2: SIOTE 150
CITY: REDWOOD SHORES
STATE: CA
ZIP: 94065-1166
BUSINESS PHONE: 6506963822
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: SEQUOIA CAPITAL IX
CENTRAL INDEX KEY: 0001096113
IRS NUMBER: 943335835
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13D/A
BUSINESS ADDRESS:
STREET 1: C/O SEQUOIA CAPITAL
STREET 2: 3000 SAND HILL RD, BLDG 4-180
CITY: MENLO PARK
STATE: CA
ZIP: 94025
BUSINESS PHONE: 6508543927
MAIL ADDRESS:
STREET 1: C/O SEQUOIA CAPITAL
STREET 2: 3000 SAND HILL RD, BLDG 4-180
CITY: MENLO PARK
STATE: CA
ZIP: 94025
SC 13D/A
1
p19296_13da.txt
SC 13D/A
================================================================================
SEC 1746 Potential persons who are to respond to the collection of
information contained in this form are not (11-02) required to respond
unless the form displays a currently valid OMB control number.
================================================================================
-------------------------------
OMB APPROVAL
OMB Number: 3235-0145
Expires: December 31, 2005
Estimated average burden
hours per response.........11
-------------------------------
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
SABA SOFTWARE, INC.
--------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK
--------------------------------------------------------------------------------
(Title of Class of Securities)
784932105
--------------------------------------------------------------------------------
(CUSIP Number)
Barbara Russell
3000 Sand Hill Road
Building 4, Suite 280
Menlo Park, CA 94025
(650) 854-3927
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
04/11/05
--------------------------------------------------------------------------------
((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 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box. [_]
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See 240.13d-7 for other parties
to whom copies are to be sent.
*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).
================================================================================
CUSIP No. 782934105
------------ ------- ------------------------------------------------------------------------------------------------------
1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only).
Sequoia Capital IX
------------ ------- ------------------------------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [_]
(b) [X]
------------ ------- ------------------------------------------------------------------------------------------------------
3. SEC Use Only
------------ ------- ------------------------------------------------------------------------------------------------------
4. Source of Funds (See Instructions): OO (1)
------------ ------- ------------------------------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
------------ ------- ------------------------------------------------------------------------------------------------------
6. Citizenship or Place of Organization: Delaware
-------------------- --------- --------------------------------------------------------------------------------------------
Number of Shares 7. Sole Voting Power: 0
Beneficially --------- --------------------------------------------------------------------------------------------
Owned by
Each Reporting 8. Shared Voting Power: 217,180
Person With --------- --------------------------------------------------------------------------------------------
9. Sole Dispositive Power: 0
--------- --------------------------------------------------------------------------------------------
10. Shared Dispositive Power: 217,180
------------ ------- ------------------------------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person: 217,180
------------ ------- ------------------------------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
------------ ------- ------------------------------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11): 1.3%
------------ ------- ------------------------------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions)
PN
------------ ------- ------------------------------------------------------------------------------------------------------
-2-
CUSIP No. 782934105
------------ ------- ------------------------------------------------------------------------------------------------------
1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only).
Sequoia Capital IX Principals Fund
------------ ------- ------------------------------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [_]
(b) [X]
------------ ------- ------------------------------------------------------------------------------------------------------
3. SEC Use Only
------------ ------- ------------------------------------------------------------------------------------------------------
4. Source of Funds (See Instructions): OO (1)
------------ ------- ------------------------------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
------------ ------- ------------------------------------------------------------------------------------------------------
6. Citizenship or Place of Organization: Delaware
-------------------- --------- --------------------------------------------------------------------------------------------
Number of Shares 7. Sole Voting Power: 0
Beneficially --------- --------------------------------------------------------------------------------------------
Owned by
Each Reporting 8. Shared Voting Power: 40,087
Person With --------- --------------------------------------------------------------------------------------------
9. Sole Dispositive Power: 0
--------- --------------------------------------------------------------------------------------------
10. Shared Dispositive Power: 40,087
------------ ------- ------------------------------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person: 40,087
------------ ------- ------------------------------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
------------ ------- ------------------------------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11): 0.2%
------------ ------- ------------------------------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions)
OO
------------ ------- ------------------------------------------------------------------------------------------------------
-3-
CUSIP No. 782934105
------------ ------- ------------------------------------------------------------------------------------------------------
1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only).
Sequoia Capital Entrepreneurs Fund
------------ ------- ------------------------------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [_]
(b) [X]
------------ ------- ------------------------------------------------------------------------------------------------------
3. SEC Use Only
------------ ------- ------------------------------------------------------------------------------------------------------
4. Source of Funds (See Instructions): OO (1)
------------ ------- ------------------------------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
------------ ------- ------------------------------------------------------------------------------------------------------
6. Citizenship or Place of Organization: Delaware
------------ ------- ------------------------------------------------------------------------------------------------------
Number of Shares 7. Sole Voting Power: 0
Beneficially --------- --------------------------------------------------------------------------------------------
Owned by
Each Reporting 8. Shared Voting Power: 0
Person With --------- --------------------------------------------------------------------------------------------
9. Sole Dispositive Power: 0
--------- --------------------------------------------------------------------------------------------
10. Shared Dispositive Power: 0
-------------------- --------- --------------------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person: 0
------------ ------- ------------------------------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
------------ ------- ------------------------------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11): 0%
------------ ------- ------------------------------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions)
PN
------------ ------- ------------------------------------------------------------------------------------------------------
-4-
CUSIP No. 782934105
------------ ------- ------------------------------------------------------------------------------------------------------
1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only).
Sequoia Capital Entrepreneurs Annex Fund
------------ ------- ------------------------------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [_]
(b) [X]
------------ ------- ------------------------------------------------------------------------------------------------------
3. SEC Use Only
------------ ------- ------------------------------------------------------------------------------------------------------
4. Source of Funds (See Instructions) N/A
------------ ------- ------------------------------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
------------ ------- ------------------------------------------------------------------------------------------------------
6. Citizenship or Place of Organization: Delaware
-------------------- --------- --------------------------------------------------------------------------------------------
Number of Shares 7. Sole Voting Power: 0
Beneficially --------- --------------------------------------------------------------------------------------------
Owned by
Each Reporting 8. Shared Voting Power: 33,430
Person With --------- --------------------------------------------------------------------------------------------
9. Sole Dispositive Power: 0
--------- --------------------------------------------------------------------------------------------
10. Shared Dispositive Power: 33,430
------------ ------- ------------------------------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person: 33,430
------------ ------- ------------------------------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
------------ ------- ------------------------------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11): 0.2%
------------ ------- ------------------------------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions)
PN
------------ ------- ------------------------------------------------------------------------------------------------------
-5-
CUSIP No. 782934105
------------ ------- ------------------------------------------------------------------------------------------------------
1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only).
SC IX Management LLC
------------ ------- ------------------------------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [_]
(b) [X]
------------ ------- ------------------------------------------------------------------------------------------------------
3. SEC Use Only
------------ ------- ------------------------------------------------------------------------------------------------------
4. Source of Funds (See Instructions): OO (1)
------------ ------- ------------------------------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
------------ ------- ------------------------------------------------------------------------------------------------------
6. Citizenship or Place of Organization: Delaware
------------ ------- ------------------------------------------------------------------------------------------------------
Number of Shares 7. Sole Voting Power: 0
Beneficially --------- --------------------------------------------------------------------------------------------
Owned by
Each Reporting 8. Shared Voting Power: 0
Person With --------- --------------------------------------------------------------------------------------------
9. Sole Dispositive Power: 0
--------- --------------------------------------------------------------------------------------------
10. Shared Dispositive Power: 0
------------ ------- ------------------------------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person: 0
------------ ------- ------------------------------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
------------ ------- ------------------------------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11): 0.0%
------------ ------- ------------------------------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions)
OO
------------ ------- ------------------------------------------------------------------------------------------------------
-6-
CUSIP No. 782934105
------------ ------- ------------------------------------------------------------------------------------------------------
1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only).
SC IX.I Management LLC
------------ ------- ------------------------------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [_]
(b) [X]
------------ ------- --------- --------------------------------------------------------------------------------------------
3. SEC Use Only
------------ ------- ------------------------------------------------------------------------------------------------------
4. Source of Funds (See Instructions): OO (1)
------------ ------- ------------------------------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
------------ ------- ------------------------------------------------------------------------------------------------------
6. Citizenship or Place of Organization: Delaware
-------------------- --------- --------------------------------------------------------------------------------------------
Number of Shares 7. Sole Voting Power: 0
Beneficially --------- --------------------------------------------------------------------------------------------
Owned by
Each Reporting 8. Shared Voting Power: 290,697
Person With --------- --------------------------------------------------------------------------------------------
9. Sole Dispositive Power: 0
--------- --------------------------------------------------------------------------------------------
10. Shared Dispositive Power: 290,697
------------ ------- ------------------------------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person: 290,697
------------ ------- ------------------------------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
------------ ------- ------------------------------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11): 1.8%
------------ ------- ------------------------------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions)
OO
------------ ------- ------------------------------------------------------------------------------------------------------
-7-
CUSIP No. 782934105
------------ ------- ------------------------------------------------------------------------------------------------------
1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only).
Sequoia Capital Franchise Fund
----------- ------- ------------------------------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [_]
(b) [X]
------------ ------- ------------------------------------------------------------------------------------------------------
3. SEC Use Only
------------ ------- ------------------------------------------------------------------------------------------------------
4. Source of Funds (See Instructions): OO (1)
------------ ------- ------------------------------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
------------ ------- ------------------------------------------------------------------------------------------------------
6. Citizenship or Place of Organization: Delaware
-------------------- --------- --------------------------------------------------------------------------------------------
Number of Shares 7. Sole Voting Power: 0
Beneficially --------- --------------------------------------------------------------------------------------------
Owned by
Each Reporting 8. Shared Voting Power: 767,441
Person With --------- --------------------------------------------------------------------------------------------
9. Sole Dispositive Power: 0
--------- --------------------------------------------------------------------------------------------
10. Shared Dispositive Power: 767,441
------------ ------- ------------------------------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person: 767,441
------------ ------- ------------------------------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
------------ ------- ------------------------------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11): 4.8%
------------ ------- ------------------------------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions)
PN
------------ ------- ------------------------------------------------------------------------------------------------------
-8-
CUSIP No. 782934105
------------ ------- ------------------------------------------------------------------------------------------------------
1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only).
Sequoia Capital Franchise Partners
------------ ------- ------------------------------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [_]
(b) [X]
------------ ------- ------------------------------------------------------------------------------------------------------
3. SEC Use Only
------------ ------- ------------------------------------------------------------------------------------------------------
4. Source of Funds (See Instructions): OO (1)
------------ ------- ------------------------------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
------------ ------- ------------------------------------------------------------------------------------------------------
6. Citizenship or Place of Organization: Delaware
-------------------- --------- --------------------------------------------------------------------------------------------
Number of Shares 7. Sole Voting Power: 0
Beneficially --------- --------------------------------------------------------------------------------------------
Owned by
Each Reporting 8. Shared Voting Power: 104,651
Person With --------- --------------------------------------------------------------------------------------------
9. Sole Dispositive Power: 0
--------- --------------------------------------------------------------------------------------------
10. Shared Dispositive Power: 104,651
------------ ------- ------------------------------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person: 104,651
------------ ------- ------------------------------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
------------ ------- ------------------------------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11): 0.6%
------------ ------- ------------------------------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions)
PN
------------ ------- ------------------------------------------------------------------------------------------------------
-9-
CUSIP No. 782934105
------------ ------- ------------------------------------------------------------------------------------------------------
1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only).
SCFF Management LLC
------------ ------- ------------------------------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [_]
(b) [X]
------------ ------- ------------------------------------------------------------------------------------------------------
3. SEC Use Only
------------ ------- ------------------------------------------------------------------------------------------------------
4. Source of Funds (See Instructions): OO (1)
------------ ------- ------------------------------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
------------ ------- ------------------------------------------------------------------------------------------------------
6. Citizenship or Place of Organization: Delaware
------------ ------- ------------------------------------------------------------------------------------------------------
Number of Shares 7. Sole Voting Power: 0
Beneficially --------- --------------------------------------------------------------------------------------------
Owned by
Each Reporting 8. Shared Voting Power: 872,092
Person With --------- --------------------------------------------------------------------------------------------
9. Sole Dispositive Power: 0
--------- --------------------------------------------------------------------------------------------
10. Shared Dispositive Power: 872,092
------------ ------- ------------------------------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person: 872,092
------------ ------- ------------------------------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
------------ ------- ------------------------------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11): 5.4%
------------ ------- ------------------------------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions)
OO
------------ ------- ------------------------------------------------------------------------------------------------------
-10-
CUSIP No. 782934105
------------ ------- ------------------------------------------------------------------------------------------------------
1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only).
Michael Goguen
------------ ------- ------------------------------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [_]
(b) [X]
------------ ------- ------------------------------------------------------------------------------------------------------
3. SEC Use Only
------------ ------- ------------------------------------------------------------------------------------------------------
4. Source of Funds (See Instructions): OO (1)
------------ ------- ------------------------------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
------------ ------- ------------------------------------------------------------------------------------------------------
6. Citizenship or Place of Organization: USA
-------------------- --------- --------------------------------------------------------------------------------------------
Number of Shares 7. Sole Voting Power: 0
Beneficially --------- --------------------------------------------------------------------------------------------
Owned by
Each Reporting 8. Shared Voting Power: 1,162,789
Person With --------- --------------------------------------------------------------------------------------------
9. Sole Dispositive Power: 0
--------- --------------------------------------------------------------------------------------------
10. Shared Dispositive Power: 1,162,789
------------ ------- ------------------------------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person: 1,162,789
------------ ------- ------------------------------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
------------ ------- ------------------------------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11): 7.2%
------------ ------- ------------------------------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions)
IN
------------ ------- ------------------------------------------------------------------------------------------------------
-11-
CUSIP No. 782934105
------------ ------- ------------------------------------------------------------------------------------------------------
1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only).
Mark Kvamme
------------ ------- ------------------------------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [_]
(b) [X]
------------ ------- ------------------------------------------------------------------------------------------------------
3. SEC Use Only
------------ ------- ------------------------------------------------------------------------------------------------------
4. Source of Funds (See Instructions): OO (1), PF (2)
------------ ------- ------------------------------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
------------ ------- ------------------------------------------------------------------------------------------------------
6. Citizenship or Place of Organization: USA
-------------------- --------- --------------------------------------------------------------------------------------------
Number of Shares 7. Sole Voting Power: 0
Beneficially --------- --------------------------------------------------------------------------------------------
Owned by
Each Reporting 8. Shared Voting Power: 290,697
Person With --------- --------------------------------------------------------------------------------------------
9. Sole Dispositive Power: 0
--------- --------------------------------------------------------------------------------------------
10. Shared Dispositive Power: 290,697
------------ ------- ------------------------------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person: 290,697
------------ ------- ------------------------------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
------------ ------- ------------------------------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11): 1.8%
------------ ------- ------------------------------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions)
IN
------------ ------- ------------------------------------------------------------------------------------------------------
-12-
CUSIP No. 782934105
------------ ------- ------------------------------------------------------------------------------------------------------
1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only).
Douglas Leone
------------ ------- ------------------------------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [_]
(b) [X]
------------ ------- ------------------------------------------------------------------------------------------------------
3. SEC Use Only
------------ ------- ------------------------------------------------------------------------------------------------------
4. Source of Funds (See Instructions): OO (1), PF (2)
------------ ------- ------------------------------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
------------ ------- ------------------------------------------------------------------------------------------------------
6. Citizenship or Place of Organization: USA
-------------------- --------- --------------------------------------------------------------------------------------------
Number of Shares 7. Sole Voting Power: 29,947
Beneficially --------- --------------------------------------------------------------------------------------------
Owned by
Each Reporting 8. Shared Voting Power: 1,162,789
Person With --------- --------------------------------------------------------------------------------------------
9. Sole Dispositive Power: 29,947
--------- --------------------------------------------------------------------------------------------
10. Shared Dispositive Power: 1,162,789
------------ ------- ------------------------------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person: 1,192,736
------------ ------- ------------------------------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
------------ ------- ------------------------------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11): 7.4%
------------ ------- ------------------------------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions)
IN
------------ ------- ------------------------------------------------------------------------------------------------------
-13-
CUSIP No. 782934105
------------ ------- ------------------------------------------------------------------------------------------------------
1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only).
Michael Moritz
------------ ------- ------------------------------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [_]
(b) [X]
------------ ------- ------------------------------------------------------------------------------------------------------
3. SEC Use Only
------------ ------- ------------------------------------------------------------------------------------------------------
4. Source of Funds (See Instructions): OO (1), PF (2)
------------ ------- ------------------------------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
------------ ------- ------------------------------------------------------------------------------------------------------
6. Citizenship or Place of Organization: USA
------------ ------- ------------------------------------------------------------------------------------------------------
Number of Shares 7. Sole Voting Power: 139,716 (3)
Beneficially --------- --------------------------------------------------------------------------------------------
Owned by
Each Reporting 8. Shared Voting Power: 1,162,789
Person With --------- --------------------------------------------------------------------------------------------
9. Sole Dispositive Power: 139,716 (3)
--------- --------------------------------------------------------------------------------------------
10. Shared Dispositive Power: 1,162,789
------------ ------- ------------------------------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person: 1,302,505 (3)
------------ ------- ------------------------------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
------------ ------- ------------------------------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11): 8.0%
------------ ------- ------------------------------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions)
IN
------------ ------- ------------------------------------------------------------------------------------------------------
-14-
CUSIP No. 782934105
------------ ------- ------------------------------------------------------------------------------------------------------
1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only).
Mark Stevens
------------ ------- ------------------------------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [_]
(b) [X]
------------ ------- ------------------------------------------------------------------------------------------------------
3. SEC Use Only
------------ ------- ------------------------------------------------------------------------------------------------------
4. Source of Funds (See Instructions): OO (1), PF (2)
------------ ------- ------------------------------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
------------ ------- ------------------------------------------------------------------------------------------------------
6. Citizenship or Place of Organization: USA
------------ ------- ------------------------------------------------------------------------------------------------------
Number of Shares 7. Sole Voting Power: 112,216
Beneficially --------- --------------------------------------------------------------------------------------------
Owned by
Each Reporting 8. Shared Voting Power: 1,162,789
Person With --------- --------------------------------------------------------------------------------------------
9. Sole Dispositive Power: 112,216
--------- --------------------------------------------------------------------------------------------
10. Shared Dispositive Power: 1,162,789
------------ ------- ------------------------------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person: 1,275,005
------------ ------- ------------------------------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
------------ ------- ------------------------------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11): 7.9%
------------ ------- ------------------------------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions)
IN
------------ ------- ------------------------------------------------------------------------------------------------------
Notes to Cover Pages
--------------------
(1) Investment funds from investors in holding entities were used to acquire
those shares of Common Stock over which the Reporting Person has shared
voting and dispositive power.
(2) Personal funds were used to acquire those shares of Common Stock over which
the Reporting Person has sole voting and dispositive power.
(3) Includes 27,500 shares of Common Stock issuable within 60 days upon the
exercise of options to purchase Common Stock.
-15-
Item 1. Security and Issuer
The title of the class of securities to which this Schedule 13D relates
is the common stock, par value $0.001 per share (the "Common Stock"), of Saba
Software, Inc., a Delaware corporation (the "Issuer"), with its principal
executive offices at 2400 Bridge Parkway, Redwood Shores, California 94065-1166.
Note: All share numbers in this Amendment No. 1 to Schedule 13D have been
adjusted to reflect a one-for-four reverse stock split effected May 12, 2003.
Item 2. Identity and Background
(a) This Schedule 13D is being filed on behalf of entities Sequoia
Capital IX, Sequoia Capital IX Principals Fund, Sequoia Capital Entrepreneurs
Fund, Sequoia Capital Entrepreneurs Annex Fund, SC IX Management LLC, SC IX.I
Management LLC, Sequoia Capital Franchise Fund, Sequoia Capital Franchise
Partners and SCFF Management LLC and individuals Michael Goguen, Mark Kvamme,
Douglas Leone, Michael Moritz and Mark Stevens (each reporting individual, a
"Reporting Individual," and each reporting entity or individual, a "Reporting
Person"). The Reporting Persons are making this single, joint filing because
they may be deemed to constitute a "group" within the meaning of Section
13(d)(3) of the Act, although neither the fact of this joint filing nor anything
contained herein shall be deemed an admission by any Reporting Person that such
a "group" exists. The agreement among the Reporting Persons to file jointly is
attached hereto as Exhibit 1. Each Reporting Person disclaims beneficial
ownership of all shares of Common Stock other than those reported herein as
being owned by such Reporting Person.
(b) The business address of each Reporting Person is 3000 Sand Hill
Road, Building 4, Suite 280, Menlo Park, California 94025.
(c) Each Reporting Individual is engaged through venture capital
investment entities in acquiring, holding and disposing of interests in various
companies for investment purposes. Each entity that is a Reporting Person is a
venture capital investment entity. Michael Moritz is on the Board of Directors
of the Issuer. Except as set forth below, each of the Reporting Individuals is a
managing member of the limited liability companies that are the general partners
of the following entities ("Holding Entities") that hold shares of Common Stock
of record:
Name of Managing Members of the
Name of Holding Entity Name of General Partner* General Partner*
---------------------------------------- ------------------------------------- ----------------------------------------
Sequoia Capital IX SC IX.I Management LLC Michael Goguen, Mark Kvamme, Douglas
Leone, Michael Moritz and Mark Stevens
Sequoia Capital IX Principals Fund* SC IX.I Management LLC* Michael Goguen, Mark Kvamme, Douglas
Leone, Michael Moritz and Mark Stevens*
Sequoia Capital Entrepreneurs Annex Fund SCIX.I Management LLC Michael Goguen, Mark Kvamme, Douglas
Leone, Michael Moritz and Mark Stevens
Sequoia Capital Franchise Fund SCFF Management LLC Michael Goguen, Douglas Leone, Michael
Moritz and Mark Stevens
Sequoia Capital Franchise Partners SCFF Management LLC Michael Goguen, Douglas Leone, Michael
Moritz and Mark Stevens
---------------------------------------------------------------------------------------------------------------------------
-16-
*NOTE: Sequoia Capital IX Principals Fund is a limited liability company.
Accordingly, the entity shown in the second column is the Managing Member (not
the General Partner), and the individuals shown in the third column are Managing
Members of the Managing Member.
(d) None of the Reporting Persons have during the past five years been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) None of the Reporting Persons have during the past five years been
a party to a civil proceeding of a judicial or administrative body of competent
jurisdiction and as a result of such proceeding was or is subject to a judgment,
decree or final order enjoining future violations of, or prohibiting or
mandating activities subject to, federal or state securities laws or finding any
violation with respect to such laws.
(f) The Reporting Individuals are all United States citizens. Each
Reporting Person that is an entity was organized in the state of Delaware.
Item 3. Source and Amount of Funds or Other Consideration
The source of the funds used to purchase the shares of Common Stock for
which the Reporting Persons share voting and dispositive power, as set forth in
rows seven through ten of the cover pages hereof, are investment funds provided
to the Holding Entities by investors. The Holding Entities purchased such shares
under the following agreements: (i) the Securities Purchase Agreement by and
among the Issuer and buyers Sequoia Capital IX, Sequoia Capital Entrepreneurs
Fund, Sequoia Capital Franchise Fund and Sequoia Capital Franchise Partners,
dated effective as of October 1, 2002 (the "Securities Agreement"), pursuant to
which the buyers purchased an aggregate of 1,075,580 shares of Common Stock for
an aggregate purchase price of $9,249,994.45; and (ii) the Stock Purchase
Agreement by and among Bobby Yazdani and purchasers Sequoia Capital IX and
Sequoia Capital IX Principals Fund, dated effective as of October 1, 2002,
pursuant to which the purchasers purchased an aggregate of 87,209 shares of
Common Stock for an aggregate purchase price of $749,997.40.
The sources of the funds used to purchase the shares of Common Stock
for which the Reporting Persons have sole voting and dispositive power (which
shares were purchased at an earlier date), as set forth in rows seven through
ten of the cover pages hereof, were their respective personal funds.
On April 11, 2005, all 33,430 shares of Common Stock held by Sequoia
Capital Entrepreneurs Fund ("SCEF") were indirectly transferred to Sequoia
Capital Entrepreneurs Annex Fund ("Annex") in connection with a restructuring
transaction (the "Restructuring"). Pursuant to the Restructuring, the portfolio
securities (including Common Stock of the Issuer) were distributed in
liquidation of SCEF to its limited partners, who in turn contributed such
portfolio securities to Annex. No consideration was paid by Annex to SCEF for
such shares; however, the former limited partners of SCEF received limited
partnership interests in Annex in connection with the Restructuring.
Item 4. Purpose of Transaction
The Reporting Persons have acquired the shares of Common Stock for
investment purposes. The Reporting Persons may from time to time acquire
additional shares of Common Stock or dispose of shares of Common Stock through
open market or privately negotiated transactions, or otherwise, depending on
existing market conditions and other considerations discussed below. Each of the
Reporting Persons intends to review its investment in the Issuer on a continuing
basis and, depending upon the price and availability of shares of the Common
-17-
Stock, subsequent developments affecting the Issuer, the Issuer's business and
prospects, other investment and business opportunities available to such
Reporting Person, general stock market and economic conditions, tax
considerations and other factors considered relevant, may decide at any time to
increase, or to decrease, the size of its investment in the Issuer.
The purpose of the Restructuring was to maximize the amount of time and
cash available to make additional investments and to resolve some potential
payment obligations of the general partner of SCEF.
Other than as indicated above, the Reporting Persons have no present
plans or proposals which relate to or would result in any of the following: (i)
the acquisition of additional securities of the Issuer, or the disposition of
securities of the Issuer; (ii) an extraordinary corporate transaction, such as a
merger, reorganization or liquidation, involving the Issuer or any of its
subsidiaries; (iii) a sale or transfer of a material amount of assets of the
Issuer or any of its subsidiaries; (iv) any change in the present Board of
Directors or management of the Issuer, including any plans or proposals to
change the number or term of directors or to fill any existing vacancies on the
Issuer 's Board of Directors; (v) any material change in the present
capitalization or dividend policy of the Issuer; (vi) any other material change
in the Issuer's business or corporate structure; (vii) any change in the
Issuer's charter, bylaws or instruments corresponding thereto or other actions
that may impede the acquisition of control of the Issuer by any person; (viii)
causing a class of securities of the Issuer to be delisted from a national
securities exchange or to cease to be authorized to be quoted in an inter-dealer
quotation system of a registered national securities association; (ix) a class
of equity securities of the Issuer becoming eligible for termination of
registration pursuant to Section 12(g)(4) of the Act; or (x) any action similar
to any of those enumerated in the foregoing clauses (i) through (ix). The
Reporting Persons do, however, reserve the right in the future to adopt such
plans or proposals subject to compliance with applicable regulatory
requirements.
Item 5. Interest in Securities of the Issuer
(a) For each of the Reporting Persons, the aggregate number of shares
of Common Stock beneficially owned and the percentage of Common Stock
beneficially owned based upon 16,152,756 shares of Common Stock outstanding as
of January 10, 2005, as shown on the cover page of the Report on Form 10-Q filed
by the Issuer on January 14, 2005, is as follows:
Shares Beneficially
Name Owned Percentage
-------------------------------------------------------------------------- -------------------- ----------
Sequoia Capital IX........................................................ 217,180 (1) 1.3%
Sequoia Capital IX Principals Fund........................................ 40,087 (1) 0.2%
Sequoia Capital Entrepreneurs Fund........................................ 0 0%
Sequoia Capital Entrepreneurs Annex Fund.................................. 33,430 (1) 0.2%
SC IX Management LLC...................................................... 0 0%
SC IX.I Management LLC.................................................... 290,697 (1) 1.8%
Sequoia Capital Franchise Fund............................................ 767,441 (1) 4.8%
Sequoia Capital Franchise Partners........................................ 104,651 (1) 0.6%
SCFF Management LLC....................................................... 872,092 (1) 5.4%
Michael Goguen............................................................ 1,162,789 (1) 7.2%
Mark Kvamme............................................................... 290,697 (2) 1.8%
Douglas Leone............................................................. 1,192,736 (3) 7.4%
Michael Moritz............................................................ 1,302,505 (3)(4) 8.0%
Mark Stevens.............................................................. 1,275,005 (3) 7.9%
Notes
-----
(1) Shared voting and dispositive power over all indicated shares of Common
Stock.
(2) Reflects 290,697 shares of Common Stock over which the Reporting Person has
shared voting and dispositive power.
(3) Includes 1,162,789 shares of Common Stock over which the Reporting Person
has shared voting and dispositive power.
(4) Includes 27,500 shares of Common Stock issuable within 60 days upon the
exercise of options to purchase Common Stock.
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(b) The number of shares of Common Stock as to which each of the
Reporting Persons has sole or shared power to vote, direct the vote, dispose or
direct the disposition are as set forth in rows seven through ten of the cover
pages hereof.
(c) Except as set forth in Item 3 above, no transactions in the Common
Stock were effected during the past sixty days by the Reporting Persons.
(d) No person other than the Reporting Persons is known to have the
right to receive or the power to direct the receipt of dividends from, or the
proceeds from the sale of, any securities owned by any member of the group.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer
Except as set forth herein, the Reporting Persons do not have any
contracts, arrangements, understandings or relationships (legal or otherwise)
with respect to any securities of the Issuer, including but not limited to
transfer or voting of any of the securities, finder's fees, joint ventures, loan
or option arrangements, puts or calls, guarantees of profits, division of
profits or loss, or the giving or withholding of proxies.
Item 7. Material to Be Filed as Exhibits
Exhibit 1. Statement Appointing Designated Filer and Authorized Signer
dated as of April 11, 2005, by and among Sequoia Capital IX,
Sequoia Capital IX Principals Fund, Sequoia Capital Entrepreneurs
Fund, Sequoia Capital Entrepreneurs Annex Fund, SC IX Management
LLC, SC IX.I Management LLC, Sequoia Capital Franchise Fund,
Sequoia Capital Franchise Partners, SCFF Management LLC, Michael
Goguen, Mark Kvamme, Douglas Leone, Michael Moritz and Mark
Stevens.
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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.
Date: April 11, 2005
Sequoia Capital IX Sequoia Capital Franchise Fund
Sequoia Capital Entrepreneurs Annex Fund Sequoia Capital Franchise Partners
By: SC IX.I Management LLC By: SCFF Management LLC
A Delaware Limited Liability Company A Delaware Limited Liability Company
General Partner of each General Partner of each
and on behalf of SC IX.I Management LLC and on behalf of SCFF Management LLC
for itself for itself
By: Its Managing Members By: Its Managing Members
and as individuals
/s/ Michael Goguen /s/ Michael Goguen
----------------------------------------- ---------------------------------------------
Michael Goguen Michael Goguen
/s/ Mark Kvamme /s/ Douglas Leone
----------------------------------------- ---------------------------------------------
Mark Kvamme Douglas Leone
/s/ Douglas Leone /s/ Michael Moritz
----------------------------------------- ---------------------------------------------
Douglas Leone Michael Moritz
/s/ Michael Moritz /s/ Mark Stevens
----------------------------------------- ---------------------------------------------
Michael Moritz Mark Stevens
/s/ Mark Stevens
-----------------------------------------
Mark Stevens
Sequoia Capital Entrepreneurs Fund Sequoia Capital IX Principals Fund, a
Delaware Limited Liability Company
By: SC IX Management LLC
A Delaware Limited Liability Company By: SC IX.I Management
Its General Partner Its Managing Member
and on behalf of SC IX Management LLC By: Its Managing Members
for itself
By: Its Managing Members
/s/ Michael Goguen /s/ Michael Goguen
----------------------------------------- ---------------------------------------------
Michael Goguen Michael Goguen
/s/ Mark Kvamme /s/ Mark Kvamme
----------------------------------------- ---------------------------------------------
Mark Kvamme Mark Kvamme
/s/ Douglas Leone /s/ Douglas Leone
----------------------------------------- ---------------------------------------------
Douglas Leone Douglas Leone
/s/ Michael Moritz /s/ Michael Moritz
----------------------------------------- ---------------------------------------------
Michael Moritz Michael Moritz
/s/ Mark Stevens /s/ Mark Stevens
----------------------------------------- ---------------------------------------------
Mark Stevens Mark Stevens
Attention: Intentional misstatements or omissions of fact
constitute Federal criminal violations (See 18 U.S.C. 1001)
-20-
EX-1
2
p19296_ex1.txt
EXHIBIT 1
EXHIBIT 1
STATEMENT APPOINTING DESIGNATED FILER AND AUTHORIZED SIGNER
Each reporting person listed below (a "Reporting Person") hereby
authorizes and designates Michael Moritz and Barbara Russell (each, an
"Authorized Signer") to execute and file on behalf of such Reporting Person the
reports (the "Reports") with respect to the securities of SABA Software, Inc.
and RedEnvelope, Inc. (individually, a "Company" and collectively, the
"Companies"), including all Schedules 13D and 13G and Forms 3, 4 and 5, and any
amendments thereto, that the Reporting Person may be required to file with the
United States Securities and Exchange Commission as a result of the Reporting
Person's ownership of, or transactions in, securities of the Companies. Each
Reporting Person further agrees that (i) any other Reporting Person may serve as
the designated filer (the "Designated Filer") with respect to a particular
Report relating to either of the Companies and (ii) such filings may be made as
joint filings and may include any or all of the Reporting Persons.
The authority of the Designated Filer and the Authorized Signer under
this document with respect to each Reporting Person shall continue until such
Reporting Person is no longer required to file Forms 3, 4 and 5 or Schedules 13D
or 13G with respect to the Reporting Person's ownership of, or transactions in,
securities of the Companies, unless earlier revoked in writing. Each Reporting
Person acknowledges that the Designated Filer and the Authorized Signer are not
assuming any of the Reporting Person's responsibilities to comply with Section
13(d) or Section 16 of the Securities Exchange Act of 1934.
IN WITNESS WHEREOF, the undersigned have executed this Agreement as of
the 11th day of April, 2005.
Sequoia Capital IX Sequoia Capital Franchise Fund
Sequoia Capital Entrepreneurs Annex Fund Sequoia Capital Franchise Partners
By: SC IX.I Management LLC By: SCFF Management LLC
A Delaware Limited Liability Company A Delaware Limited Liability Company
General Partner of each General Partner of each
and on behalf of SC IX.I Management LLC and on behalf of SCFF Management LLC
for itself for itself
By: Its Managing Members By: Its Managing Members
and as individuals
/s/ Michael Goguen /s/ Michael Goguen
----------------------------------------- ---------------------------------------------
Michael Goguen Michael Goguen
/s/ Mark Kvamme /s/ Douglas Leone
----------------------------------------- ---------------------------------------------
Mark Kvamme Douglas Leone
/s/ Douglas Leone /s/ Michael Moritz
----------------------------------------- ---------------------------------------------
Douglas Leone Michael Moritz
/s/ Michael Moritz /s/ Mark Stevens
----------------------------------------- ---------------------------------------------
Michael Moritz Mark Stevens
/s/ Mark Stevens
-----------------------------------------
Mark Stevens
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Sequoia Capital Entrepreneurs Fund Sequoia Capital IX Principals Fund, a
Delaware Limited Liability Company
By: SC IX Management LLC
A Delaware Limited Liability Company By: SC IX.I Management
Its General Partner Its Managing Member
and on behalf of SC IX Management LLC By: Its Managing Members
for itself
By: Its Managing Members
/s/ Michael Goguen /s/ Michael Goguen
----------------------------------------- ---------------------------------------------
Michael Goguen Michael Goguen
/s/ Mark Kvamme /s/ Mark Kvamme
----------------------------------------- ---------------------------------------------
Mark Kvamme Mark Kvamme
/s/ Douglas Leone /s/ Douglas Leone
----------------------------------------- ---------------------------------------------
Douglas Leone Douglas Leone
/s/ Michael Moritz /s/ Michael Moritz
----------------------------------------- ---------------------------------------------
Michael Moritz Michael Moritz
/s/ Mark Stevens /s/ Mark Stevens
----------------------------------------- ---------------------------------------------
Mark Stevens Mark Stevens
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