0001144204-12-045977.txt : 20120814 0001144204-12-045977.hdr.sgml : 20120814 20120814172225 ACCESSION NUMBER: 0001144204-12-045977 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20120814 DATE AS OF CHANGE: 20120814 GROUP MEMBERS: MERCURY FUND IX, LTD. GROUP MEMBERS: MERCURY FUND X, LTD. GROUP MEMBERS: MERCURY MANAGEMENT, L.L.C. GROUP MEMBERS: MERCURY VENTURES II, LTD. FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HOWE KEVIN C CENTRAL INDEX KEY: 0001209253 FILING VALUES: FORM TYPE: SC 13G SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AUTOBYTEL INC CENTRAL INDEX KEY: 0001023364 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370] IRS NUMBER: 330711569 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-58067 FILM NUMBER: 121034414 BUSINESS ADDRESS: STREET 1: 18872 MACARTHUR BLVD STREET 2: SUITE 200 CITY: IRVINE STATE: CA ZIP: 92612-1400 BUSINESS PHONE: 9492254500 MAIL ADDRESS: STREET 1: 18872 MACARTHUR BLVD STREET 2: SUITE 200 CITY: IRVINE STATE: CA ZIP: 92612-1400 FORMER COMPANY: FORMER CONFORMED NAME: AUTOBYTEL INC DATE OF NAME CHANGE: 20010905 FORMER COMPANY: FORMER CONFORMED NAME: AUTOBYTEL COM INC DATE OF NAME CHANGE: 19981230 FORMER COMPANY: FORMER CONFORMED NAME: AUTO BY TEL CORP DATE OF NAME CHANGE: 19960920 SC 13G 1 v321423_sc13g.htm SCHEDULE 13G

 

CUSIP No. 05275N106 Page 1 of 10

 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

Schedule 13G

(Rule 13d-102)

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED

PURSUANT TO RULE 13d-2(b)

 

Under the Securities Exchange Act of 1934

(Amendment No. ___)*

 

AUTOBYTEL INC.

(Name of Issuer)

 

Common Stock, $0.001 par value

(Title of Class of Securities)

 

05275N106

(CUSIP Number)

 

August 10, 2012
(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

¨Rule 13d-1(b)
xRule 13d-1(c)
¨Rule 13d-1(d)

 

*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 the disclosures provided in a prior cover page.

 

The information required in 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, as amended ("Act"), or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act.

 

 
 

 

CUSIP No. 05275N106 Page 2 of 10

 

1. Name of Reporting Person
  I. R. S. Identification No. of Above Person (entities only)

 

  Mercury Fund X, Ltd.      I.R.S. Identification No. 27-4538464

 

2. Check the Appropriate Box if a Member of a Group* (a) ¨
    (b) ¨
     

 

3. SEC Use Only
   

 

4. Citizenship or Place of Organization Texas
     

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With		 5. Sole Voting Power 528,205(1)
     
6. Shared Voting Power -0-
     
7. Sole Dispositive Power 528,205 (1)
     
8. Shared Dispositive Power -0-

 

 

9. Aggregate Amount Beneficially Owned by Each Reporting Person 528,205 (1)
     
     
10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares* ¨
     
     
11. Percent of Class Represented by Amount in Row (9) 5.79%(2)
     
     
12. Type of Reporting Person* PN
     

 

(1) Mr. Howe exercises voting and disposition power over such shares on behalf of Mercury Management, the General Partner of Mercury Ventures II, Ltd. ("Mercury Ventures II"), which is the General Partner of Mercury Fund X, Ltd. ("Mercury X"). 
   
(2) Assumes a total of 8,851,162 shares of Common Stock outstanding based on the Autobytel Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2012 filed on August 2, 2012.

 

 
 

  

CUSIP No. 05275N106 Page 3 of 10

 

1. Name of Reporting Person
  I. R. S. Identification No. of Above Person (entities only)

 

  Mercury Fund IX, Ltd. I.R.S. Identification No. 26-4001531

 

2. Check the Appropriate Box if a Member of a Group* (a) ¨
    (b) ¨
     

 

3. SEC Use Only
   

 

4. Citizenship or Place of Organization Texas
     

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With		 5. Sole Voting Power 108,590(1)
     
6. Shared Voting Power -0-
     
7. Sole Dispositive Power 108,590(1)
     
8. Shared Dispositive Power -0-

 

 

9. Aggregate Amount Beneficially Owned by Each Reporting Person 108,590(1)
     
     
10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares* ¨
     
     
11. Percent of Class Represented by Amount in Row (9) 1.23%(2)
     
     
12. Type of Reporting Person* PN
     

 

(1) Mr. Howe exercises voting and disposition power over such shares on behalf of Mercury Management, the General Partner of Mercury Ventures II, which is the General Partner of Mercury Fund IX, Ltd. ("Mercury IX"). 
   
(2) Assumes a total of 8,851,162 shares of Common Stock outstanding based on the Autobytel Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2012 filed on August 2, 2012.

  

 
 

 

CUSIP No. 05275N106 Page 4 of 10

 

1. Name of Reporting Person
  I. R. S. Identification No. of Above Person (entities only)

 

  Mercury Ventures II, Ltd. I.R.S. Identification No. 20-4736567

 

2. Check the Appropriate Box if a Member of a Group* (a) ¨
    (b) ¨
     

 

3. SEC Use Only
   

 

4. Citizenship or Place of Organization Texas
     

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With		 5. Sole Voting Power 636,795(1)
     
6. Shared Voting Power -0-
     
7. Sole Dispositive Power 636,795(1)
     
8. Shared Dispositive Power -0-

 

 

9. Aggregate Amount Beneficially Owned by Each Reporting Person 636,795(1)
     
     
10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares* ¨
     
     
11. Percent of Class Represented by Amount in Row (9) 7.19%(2)
     
     
12. Type of Reporting Person* PN
     

  

(1) Mr. Howe exercises voting and disposition power over such shares on behalf of Mercury Management, L.L.C. (“Mercury Management”), the General Partner of Mercury Ventures II, which is the General Partner of both Mercury Fund X and Mercury Fund IX, which own 528,205 and 108,590 shares of common stock (“Common Stock”) of Autobytel Inc. (“Autobytel”), respectively.
   
(2) Assumes a total of 8,851,162 shares of Common Stock outstanding based on the Autobytel Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2012 filed on August 2, 2012.

  

 
 

 

CUSIP No. 05275N106 Page 5 of 10

 

1. Name of Reporting Person
  I. R. S. Identification No. of Above Person (entities only)

 

  Mercury Management, L.L.C. I.R.S. Identification No. 75-2796232

 

2. Check the Appropriate Box if a Member of a Group* (a) ¨
    (b) ¨
     

 

3. SEC Use Only
   

 

4. Citizenship or Place of Organization Texas
     

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With		 5. Sole Voting Power 636,795 (1)
     
6. Shared Voting Power -0-
     
7. Sole Dispositive Power 636,795(1)
     
8. Shared Dispositive Power -0-

 

 

9. Aggregate Amount Beneficially Owned by Each Reporting Person 636,795(1)
     
     
10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares* ¨
     
     
11. Percent of Class Represented by Amount in Row (9) 7.19%(2)
     
     
12. Type of Reporting Person* OO
     

 

(1) Mr. Howe exercises voting and disposition power over such shares on behalf of Mercury Management, the General Partner of Mercury Ventures II, which is the General Partner of both Mercury X and Mercury IX, which own 528,205 and 108,590 shares of Common Stock, respectively. 
   
(2) Assumes a total of 8,851,162 shares of Common Stock outstanding based on the Autobytel Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2012 filed on August 2, 2012.

 

 
 

 

CUSIP No. 05275N106 Page 6 of 10

 

1. Name of Reporting Person
  I. R. S. Identification No. of Above Person (entities only)

 

  Kevin C. Howe

 

2. Check the Appropriate Box if a Member of a Group* (a) ¨
    (b) ¨
     

 

3. SEC Use Only
   

 

4. Citizenship or Place of Organization United States
     

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With		 5. Sole Voting Power 636,795 (1)
     
6. Shared Voting Power -0-
     
7. Sole Dispositive Power 636,795 (1)
     
8. Shared Dispositive Power -0-

 

 

9. Aggregate Amount Beneficially Owned by Each Reporting Person 636,795 (1)
     
     
10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares* ¨
     
     
11. Percent of Class Represented by Amount in Row (9) 7.19%(2)
     
     
12. Type of Reporting Person* IN
     

  

(1) Mr. Howe exercises voting and disposition power over such shares on behalf of Mercury Management, the General Partner of Mercury Ventures II, which is the General Partner of both Mercury X and Mercury IX, which own 528,205 and 108,590 shares of Common Stock, respectively. 
   
(2) Assumes a total of 8,851,162 shares of Common Stock outstanding based on the Autobytel Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2012 filed on August 2, 2012.

  

*SEE INSTRUCTIONS BEFORE FILLING OUT! 

 

 
 

  

CUSIP No. 05275N106 Page 7 of 10

  

Introduction

 

Pursuant to Rule 13d-1(k)(1) of the Securities Exchange Act of 1934, as amended, Mercury Fund X, Ltd. ("Mercury X"), Mercury Fund IX, Ltd. ("Mercury IX"), Mercury Ventures II, Ltd. ("Mercury Ventures II"), Mercury Management, L.L.C. ("Mercury Management") and Kevin C. Howe ("Mr. Howe") are making this joint filing on Schedule 13G.

 

Item 1(a). Name of Issuer:
   
  Autobytel Inc., a Delaware corporation (“Autobytel”)
   
Item 1(b). Address of Issuer's Principal Executive Offices:
   
  18872 MacArthur Blvd., Suite 200, Irvine, CA 92612-1448
   
Item 2(a). Name of Person Filing:
   
  Mercury Fund X, Ltd.
   
  Mercury Fund IX, Ltd.
   
  Mercury Ventures II, Ltd.
   
  Mercury Management, L.L.C.
   
  Kevin C. Howe
   
Item 2(b). Address of Principal Business Office or, if None, Residence:
   
  The principal business office of Mercury Fund X, Ltd., Mercury Fund IX, Ltd., Mercury Ventures II, Mercury Management and Mr. Howe is 501 Park Lake Drive, McKinney, Texas  75070.
   
Item 2(c). Citizenship:
   
  Mercury X's place of organization is Texas
   
  Mercury IX's place of organization is Texas
   
  Mercury Ventures II's place of organization is Texas
   
  Mercury Management's place of organization is Texas
   
  Mr. Howe is a citizen of the United States
   
Item 2(d). Title of Class of Securities:
   
  Common stock, $0.001 par value per share (the "Common Stock")
   
Item 2(e). CUSIP Number:
   
  05275N106

 

 
 

 

CUSIP No. 05275N106 Page 8 of 10

  

Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:
   
  Not Applicable.
   
Item 4. Ownership:

 

Mercury X

 

(a)  Amount beneficially owned: 528,205(1)
     
(b)  Percent of class: 5.97%(2)
     
(c)  Number of shares as to which the person has:  
     
      (i)   Sole power to vote or direct the vote 528,205(1)
     
      (ii)  Shared power to vote or direct the vote -0-
     
      (iii) Sole power to dispose or to direct the disposition of 528,205(1)
     
      (iv) Shared power to dispose or to direct the disposition of -0-

 

(1) Mr. Howe exercises voting and disposition power over such shares on behalf of Mercury Management, the General Partner of Mercury Ventures II, which is the General Partner of Mercury X. 
   
(2) Assumes a total of 8,851,162 shares of Common Stock outstanding based on the Autobytel Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2012 filed on August 2, 2012.

 

Mercury IX

 

(d)  Amount beneficially owned: 108,590(1)
     
(e)  Percent of class: 1.23%(2)
     
(f)  Number of shares as to which the person has:  
     
     (i)   Sole power to vote or direct the vote 108,590(1)
     
     (ii)  Shared power to vote or direct the vote -0-
     
     (iii) Sole power to dispose or to direct the disposition of 108,590(1)
     
     (iv) Shared power to dispose or to direct the disposition of -0-

 

(1) Mr. Howe exercises voting and disposition power over such shares on behalf of Mercury Management, the General Partner of Mercury Ventures II, which is the General Partner of Mercury IX. 
   
(2) Assumes a total of 8,851,162 shares of Common Stock outstanding based on the Autobytel Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2012 filed on August 2, 2012.

 

 
 

  

CUSIP No. 05275N106 Page 9 of 10

 

Mercury Ventures II

 

(a)  Amount beneficially owned: 636,795 (1)
     
(b)  Percent of class: 7.19%(2)
     
(c)  Number of shares as to which the person has:  
     
      (i)   Sole power to vote or direct the vote 636,795 (1)
     
      (ii)  Shared power to vote or direct the vote -0-
     
      (iii)  Sole power to dispose or to direct the disposition of 636,795 (1)
     
      (iv) Shared power to dispose or to direct the disposition of -0-

 

(1) Mr. Howe exercises voting and disposition power over such shares on behalf of Mercury Management, the General Partner of Mercury Ventures II, which is the General Partner of both Mercury X  and Mercury IX, which own 528,205 and 108,590 shares of Common Stock, respectively.
   
(2) Assumes a total of 8,851,162 shares of Common Stock outstanding based on the Autobytel Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2012 filed on August 2, 2012.

 

Mercury Management

 

(a)  Amount beneficially owned: 636,795 (1)
     
(b)  Percent of class: 7.19%(2)
     
(c)  Number of shares as to which the person has:  
     
      (i)   Sole power to vote or direct the vote 636,795 (1)
     
      (ii)  Shared power to vote or direct the vote -0-
     
      (iii) Sole power to dispose or to direct the disposition of 636,795 (1)
     
      (iv) Shared power to dispose or to direct the disposition of -0-

(1) Mr. Howe exercises voting and disposition power over such shares on behalf of Mercury Management, the General Partner of Mercury Ventures II, which is the General Partner of both Mercury X and Mercury IX, which own 528,205 and 108,590 shares of Common Stock, respectively. 
   
(2) Assumes a total of 8,851,162 shares of Common Stock outstanding based on the Autobytel Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2012 filed on August 2, 2012.

 

 
 

 

CUSIP No. 05275N106 Page 10 of 10

 

Mr. Howe    
     
(a)  Amount beneficially owned: 636,795 (1)
     
(b)  Percent of class: 7.19%(2)
     
(c)  Number of shares as to which the person has:  
     
       (i)   Sole power to vote or direct the vote 636,795 (1)
     
       (ii)  Shared power to vote or direct the vote -0-
     
       (iii) Sole power to dispose or to direct the disposition of 636,795 (1)
     
       (iv) Shared power to dispose or to direct the disposition of -0-

 

(1) Mr. Howe exercises voting and disposition power over such shares on behalf of Mercury Management, the General Partner of Mercury Ventures II, which is the General Partner of both Mercury X and Mercury IX, which own 528,205 and 108,590 shares of Common Stock, respectively. 
   
(2) Assumes a total of 8,851,162 shares of Common Stock outstanding based on the Autobytel Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2012 filed on August 2, 2012.

 

Item 5. Ownership of Five Percent or Less of a Class:
   
  If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following. ¨
   
  Not Applicable.
   
Item 6. Ownership of More than Five Percent on Behalf of Another Person:
   
  Not Applicable
   
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company:
   
  Not Applicable
   
Item 8. Identification and Classification of Members of the Group:
   
  The following lists each member of the group filing this Schedule 13G pursuant to Rule 13d-1(c):
   
  Mercury Fund X, Ltd.
   
  Mercury Fund IX, Ltd.
   
  Mercury Ventures II, Ltd.
   
  Mercury Management, L.L.C.
   
  Kevin C. Howe

 

 
 

 

CUSIP No. 05275N106 Page 11 of 10

  

Item 9. Notice of Dissolution of Group:
   
  Not Applicable
   
Item 10. Certification:
   
  By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 

[Remainder of Page Intentionally Left Blank]

 

 
 

 

CUSIP No. 05275N106 Page 12 of 10

 

SIGNATURE

 

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.

 

August 14, 2012   MERCURY FUND X, LTD.
       
    By: MERCURY VENTURES II, LTD.
      General Partner
       
    By: MERCURY MANAGEMENT, L.L.C.
      General Partner
       
      By:  /s/ Kevin C. Howe
      Name: Kevin C. Howe
      Title: Manager
       
August 14, 2012   MERCURY FUND IX, LTD.
       
    By: MERCURY VENTURES II, LTD.
      General Partner
       
    By: MERCURY MANAGEMENT, L.L.C.
      General Partner
       
      By:  /s/ Kevin C. Howe
      Name: Kevin C. Howe
      Title: Manager
       
August 14, 2012   MERCURY VENTURES II, LTD.
       
    By: MERCURY MANAGEMENT, L.L.C.
      General Partner
       
    By:  /s/ Kevin C. Howe
    Name: Kevin C. Howe
    Title: Manager
       
August 14, 2012   MERCURY MANAGEMENT, L.L.C.
       
    By:  /s/ Kevin C. Howe
    Name: Kevin C. Howe
    Title: Manager
     
August 14, 2012   /s/ Kevin C. Howe
    Kevin C. Howe

 

 
 

 

EXHIBIT A

JOINT FILING AGREEMENT

 

 
 

 

SCHEDULE 13G

JOINT FILING AGREEMENT

 

This Agreement is dated as of August 14, 2012 by and among Mercury Fund X, Ltd., ("Mercury X"), Mercury Fund IX, Ltd., ("Mercury IX"), Mercury Ventures II, Ltd. ("Mercury Ventures II"), Mercury Management, L.L.C. ("Mercury Management") and Kevin C. Howe ("Mr. Howe").

 

WHEREAS, pursuant to paragraph (k)(1) of Rule 13d-1 promulgated under Section 13d(1) of the Securities Exchange Act of 1934, as amended (the "Act"), the parties hereto have decided to satisfy their filing obligations under the Act by a single joint filing.

 

NOW, THEREFORE, the undersigned do hereby agree as follows:

 

1.      The Schedule 13G (the "Schedule 13G") with respect to Autobytel Inc., a Delaware corporation, to which this Agreement is attached as Exhibit A is filed on behalf of Mercury X, Mercury IX, Mercury Ventures II, Mercury Management and Mr. Howe. Mercury X, Mercury IX, Mercury Ventures II and Mercury Management hereby authorize Mr. Howe to file the Schedule 13G on their behalf.

 

2.      Each of Mercury X, Mercury IX, Mercury Ventures II, Mercury Management and Mr. Howe is responsible for the completeness and accuracy of the information concerning such person or entity contained therein; provided that each person or entity is not responsible for the completeness or accuracy of the information concerning any other person or entity making such filing.

 

[Remainder of Page Intentionally Left Blank]

 

 
 

 

IN WITNESS WHEREOF, the undersigned hereunto set their hands as of the date first above written.

 

  MERCURY FUND X, LTD.
     
  By: MERCURY VENTURES II, LTD.
    General Partner
     
    By: MERCURY MANAGEMENT, L.L.C.
      General Partner
       
      By: /s/ Kevin C. Howe
      Name: Kevin C. Howe
      Title: Manager
       
  MERCURY FUND IX, LTD.
   
  By: MERCURY VENTURES II, LTD.
    General Partner
       
    By: MERCURY MANAGEMENT, L.L.C.
      General Partner
       
      By: /s/ Kevin C. Howe
      Name: Kevin C. Howe
      Title: Manager
       
  MERCURY VENTURES II, LTD.
   
  By: MERCURY MANAGEMENT, L.L.C.
    General Partner
     
    By: /s/ Kevin C. Howe
    Name: Kevin C. Howe
    Title: Manager
       
  MERCURY MANAGEMENT, L.L.C.
       
  By: /s/ Kevin C. Howe
  Name: Kevin C. Howe
  Title: Manager
     
  /s/ Kevin C. Howe
  Name: Kevin C. Howe