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*
Great Hill Equity Partners III LP

(Last) (First) (Middle)
C/O GREAT HILL PARTNERS
ONE LIBERTY SQUARE

(Street)
BOSTON MA 02109

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
03/10/2010
3. Issuer Name and Ticker or Trading Symbol
LECG CORP [ XPRT ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
Officer (give title below) X Other (specify below)
See Remarks
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(1) 10,882,548 I See footnote(2)
Common Stock 45,321 I See footnote(3)
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
Series A Convertible Redeemable Preferred Stock (4) (4) Common Stock 6,286,948(5) $3.96(5) I See footnote(6)
Series A Convertible Redeemable Preferred Stock (4) (4) Common Stock 26,183(5) $3.96(5) I See footnote(7)
1. Name and Address of Reporting Person*
Great Hill Equity Partners III LP

(Last) (First) (Middle)
C/O GREAT HILL PARTNERS
ONE LIBERTY SQUARE

(Street)
BOSTON MA 02109

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
Officer (give title below) X Other (specify below)
See Remarks
1. Name and Address of Reporting Person*
Great Hill Partners GP III, L.P.

(Last) (First) (Middle)
ONE LIBERTY SQUARE

(Street)
BOSTON MA 02109

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
Officer (give title below) X Other (specify below)
See Remarks
1. Name and Address of Reporting Person*
GHP III, LLC

(Last) (First) (Middle)
ONE LIBERTY SQUARE

(Street)
BOSTON MA 02109

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
Officer (give title below) X Other (specify below)
See Remarks
1. Name and Address of Reporting Person*
GREAT HILL INVESTORS LLC

(Last) (First) (Middle)
ONE LIBERTY SQUARE

(Street)
BOSTON MA 02109

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
Officer (give title below) X Other (specify below)
See Remarks
1. Name and Address of Reporting Person*
GORMLEY STEPHEN F

(Last) (First) (Middle)
ONE LIBERTY SQUARE

(Street)
BOSTON MA 02109

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
Officer (give title below) X Other (specify below)
See Remarks
1. Name and Address of Reporting Person*
Vettel Matthew T

(Last) (First) (Middle)
ONE LIBERTY SQUARE

(Street)
BOSTON MA 02109

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
Officer (give title below) X Other (specify below)
See Remarks
Explanation of Responses:
1. This report is filed in connection with the merger of LECG Corporation ("LECG") and Smart Business Holdings. This report is filed jointly by Great Hill Equity Partners III, LP ("GHEPIII"), Great Hill Investors, LLC ("GHI"), Great Hill Partners GP III, LP ("GHEPIIIGP"), GHP III, LLC ("GHPIII"), Stephen F. Gormley ("Gormley"), and Matthew T. Vettel ("Vettel" and together with GHEPIII, GHI, GHEPIIIGP, GHPIII and Gormley, the "Reporting Persons"). The Reporting Persons may be deemed part of a group with Christopher S. Gaffney and John G. Hayes, who are managers of GHI and directors of LECG
2. Consists of 10,882,548 shares directly beneficially owned by GHEP III. GHEPIIIGP is the sole general partner of GHEPIII and may be deemed to indirectly beneficially own the shares beneficially owned by GHEPIII. GHPIII is the sole general partner of GHEPIIIGP and may be deemed to indirectly beneficially own the shares beneficially owned by GHEPIIIGP. Vettel is a manager of GHPIII, and as such, may be deemed to indirectly beneficially own the shares beneficially owned by GHPIII. Vettel disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
3. Consists of 45,321 shares directly beneficially owned by GHI. Gormley is a manager of GHI, and as such, may be deemed to indirectly beneficially own the shares beneficially owned by GHI. Gormley disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
4. The Series A Convertible Redeemable Preferred Stock is convertible at any time, at the holder's election, and has no expiration date. On or after March 10, 2012, LECG will have the right to cause the conversion of all outstanding shares of Series A Convertible Redeemable Preferred Stock.
5. Subject to adjustment from time to time in accordance with LECG's certificate of incorporation
6. Consists of 6,286,948 shares directly beneficially owned by GHEP III. GHEPIIIGP is the sole general partner of GHEPIII and may be deemed to indirectly beneficially own the shares beneficially owned by GHEPIII. GHPIII is the sole general partner of GHEPIIIGP and may be deemed to indirectly beneficially own the shares beneficially owned by GHEPIIIGP. Vettel is a manager of GHPIII, and as such, may be deemed to indirectly beneficially own the shares beneficially owned by GHPIII. Vettel disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
7. Consists of 26,183 shares directly beneficially owned by GHI. Gormley is a manager of GHI, and as such, may be deemed to indirectly beneficially own the shares beneficially owned by GHI. Gormley disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
Remarks:
On behalf of GHEPIII, GHI, GHEPIIIGP, GHPIII, Stephen F. Gormley, and Matthew T. Vettel.
/s/ Christopher S. Gaffney, A Manager GHP III, LLC for Great Hill Partners GP III, LP for Great Hill Equity Partners III, LP 03/16/2010
/s/ Christopher S. Gaffney, A Manager GHP III, LLC for Great Hill Partners GP III, LP 03/16/2010
/s/ Christopher S. Gaffney, A Manager GHP III, LLC 03/16/2010
/s/ Christopher S. Gaffney, A Manager Great Hill Investors, LLC 03/16/2010
/s/ Stephen F. Gormley 03/16/2010
/s/ Matthew T. Vettel 03/16/2010
** 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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