SEC Form 3
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*
AKKR SPECIAL OPPORTUNITIES LLC

(Last) (First) (Middle)
C/O ACCEL-KKR
2500 SAND HILL ROAD, SUITE 300

(Street)
MENLO PARK CA 94025

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
12/02/2009
3. Issuer Name and Ticker or Trading Symbol
KANA SOFTWARE INC [ KANA ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
5. 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 Beneficially Owned
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 600,000 I See Footnote(1)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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
1. Name and Address of Reporting Person*
AKKR SPECIAL OPPORTUNITIES LLC

(Last) (First) (Middle)
C/O ACCEL-KKR
2500 SAND HILL ROAD, SUITE 300

(Street)
MENLO PARK CA 94025

(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*
ACCEL-KKR CAPITAL PARTNERS III, LP

(Last) (First) (Middle)
2500 SAND HILL ROAD, SUITE 300

(Street)
MENLO PARK CA 94025

(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*
AKKR Fund III Management Company, LP

(Last) (First) (Middle)
2500 SAND HILL ROAD, SUITE 300

(Street)
MENLO PARK CA 94025

(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 reported shares are owned directly by Special Opportunities. Fund III as the manager and member of Special Opportunities, and Management LP as the general partner of Fund III may also be deemed to share beneficial ownership of such shares. Each of Fund III, Management LP and Special Opportunities disclaims beneficial ownership of such shares except to the extent of its pecuniary interest therein. Each of the reporting persons disclaim that they have agreed to act as a group other than as described herein.
Remarks:
This Form 3 is being filed jointly by Accel-KKR Capital Partners III, LP ("Fund III"), AKKR Fund III Management Company LP ("Management LP") and AKKR Special Opportunities LLC ("Special Opportunities"), each located at 2500 Sand Hill Road, Suite 300, Menlo Park, CA, 94025.
/s/ Thomas Barnds, its Managing Member, AKKR Management Company, LLC, its General Partner, AKKR Fund III Management Company, LP, its General Partner, Accel-KKR Capital Partners III, LP, its Member and Manager for AKKR SPECIAL OPPORTUNITIES LLC 12/09/2009
/s/ Thomas Barnds, its Managing Member, AKKR Management Company, LLC, its General Partner, AKKR Fund III Management Company, LP, its General Partner for ACCEL-KKR CAPITAL PARTNERS III, LP 12/09/2009
/s/ Thomas Barnds, its Managing Member, AKKR Management Company, LLC, its General Partner for AKKR FUND III MANAGEMENT COMPANY, LP 12/09/2009
** 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.
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