-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, K9+SjyNIkgkqkLH1atWHaddKs9NLcyKb9E4dS6cWMgMZCNNYQy6P8s5WfFZkZbgD fRygAQfB7fR94HhIycfumA== 0000919574-10-000692.txt : 20100209 0000919574-10-000692.hdr.sgml : 20100209 20100209171558 ACCESSION NUMBER: 0000919574-10-000692 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20100209 DATE AS OF CHANGE: 20100209 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SALARY. COM, INC. CENTRAL INDEX KEY: 0001105360 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-83540 FILM NUMBER: 10585226 BUSINESS ADDRESS: STREET 1: 160 GOULD STREET CITY: NEEDHAM STATE: MA ZIP: 02494 BUSINESS PHONE: 781-464-7300 MAIL ADDRESS: STREET 1: 160 GOULD STREET CITY: NEEDHAM STATE: MA ZIP: 02494 FORMER COMPANY: FORMER CONFORMED NAME: SALARY.COM, INC DATE OF NAME CHANGE: 20061113 FORMER COMPANY: FORMER CONFORMED NAME: SALARY COM INC DATE OF NAME CHANGE: 20000204 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: KINDERHOOK PARTNERS L P CENTRAL INDEX KEY: 0001220338 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: ONE EXECUTIVE DRIVE, SUITE 160 CITY: FORT LEE STATE: NJ ZIP: 07024 BUSINESS PHONE: (201) 461-9292 MAIL ADDRESS: STREET 1: ONE EXECUTIVE DRIVE, SUITE 160 CITY: FORT LEE STATE: NJ ZIP: 07024 SC 13G/A 1 d1069035_13g-a.htm d1069035_13g-a.htm

 
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
 
SCHEDULE 13G
 
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
 
 
Salary.com, Inc.
(Name of Issuer)
 
 
Common Stock, par value $0.0001 per share
(Title of Class of Securities)
 
 
794006106
(CUSIP Number)
 
 
December 31, 2009
(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)
 
[X]  Rule 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 ("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
794006106
   
     
1.
NAME OF REPORTING PERSONS
 
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
 
Kinderhook Partners, LP
 
     
     
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
   
(a)  [_]
   
(b)  [X]
     
3.
SEC USE ONLY
 
     
     
     
4.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
Delaware
 
     
     
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
     
5.
SOLE VOTING POWER
 
 
0
 
     
     
6.
SHARED VOTING POWER
 
 
1,121,323
 
     
     
7.
SOLE DISPOSITIVE POWER
 
 
0
 
     
     
8.
SHARED DISPOSITIVE POWER
 
 
1,121,323
 
     
     
9.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
1,121,323
 
     
     
10.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
   
[_]
     
     
11.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
6.8%
 
     
     
12.
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
PN
 

 
 

 

 
CUSIP No
794006106
   
     
1.
NAME OF REPORTING PERSONS
 
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
 
Kinderhook GP, LLC
 
     
     
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
   
(a)  [_]
   
(b)  [X]
     
3.
SEC USE ONLY
 
     
     
     
4.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
Delaware
 
     
     
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
     
5.
SOLE VOTING POWER
 
 
0
 
     
     
6.
SHARED VOTING POWER
 
 
1,121,323
 
     
     
7.
SOLE DISPOSITIVE POWER
 
 
0
 
     
     
8.
SHARED DISPOSITIVE POWER
 
 
1,121,323
 
     
     
9.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
1,121,323
 
     
     
10.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
   
[_]
     
     
11.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
6.8%
 
     
     
12.
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
OO
 

 
 

 

 
 
CUSIP No
794006106
   
     
1.
NAME OF REPORTING PERSONS
 
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
 
Tushar Shah
 
     
     
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
   
(a)  [_]
   
(b)  [X]
     
3.
SEC USE ONLY
 
     
     
     
4.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
United States of America
 
     
     
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
     
5.
SOLE VOTING POWER
 
 
0
 
     
     
6.
SHARED VOTING POWER
 
 
1,121,323
 
     
     
7.
SOLE DISPOSITIVE POWER
 
 
0
 
     
     
8.
SHARED DISPOSITIVE POWER
 
 
1,121,323
 
     
     
9.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
1,121,323
 
     
     
10.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
   
[_]
     
     
11.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
6.8%
 
     
     
12.
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
IN
 

 
 

 

 
 
CUSIP No
794006106
   
     
1.
NAME OF REPORTING PERSONS
 
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
 
Stephen J. Clearman
 
     
     
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
   
(a)  [_]
   
(b)  [X]
     
3.
SEC USE ONLY
 
     
     
     
4.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
United States of America
 
     
     
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
     
5.
SOLE VOTING POWER
 
 
0
 
     
     
6.
SHARED VOTING POWER
 
 
1,121,323
 
     
     
7.
SOLE DISPOSITIVE POWER
 
 
0
 
     
     
8.
SHARED DISPOSITIVE POWER
 
 
1,121,323
 
     
     
9.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
1,121,323
 
     
     
10.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
   
[_]
     
     
11.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
6.8%
 
     
     
12.
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
IN
 

 
 

 

 
 
Item 1.
(a).
Name of Issuer:
 
   
Salary.com, Inc.
 
       
 
 
(b).
Address of issuer's principal executive offices:
 
   
160 Gould Street
 
   
Needham, MA 02494
 
 
Item 2.
(a).
Name of person filing:
 
   
Kinderhook Partners, LP
 
   
Kinderhook GP, LLC
 
   
Tushar Shah
 
   
Stephen J. Clearman
 
 
 
(b).
Address or principal business office or, if none, residence:
 
   
1 Executive Drive
 
   
Suite 160
 
   
Fort Lee, NJ 07024
 
 
 
(c).
Citizenship:
 
   
Kinderhook Partners, LP – Delaware
 
   
Kinderhook GP, LLC – Delaware
 
   
Tushar Shah – United States of America
 
   
Stephen J. Clearman – United States of America
 
 
 
(d).
Title of class of securities:
 
   
Common Stock, par value $0.0001
 
       
 
 
(e).
CUSIP No.:
 
   
794006106
 
       
 
Item 3.
 
If This Statement is filed pursuant to §§.240.13d-1(b) or 240.13d-2(b), or (c), check whether the person filing is a
 
 
(a)
[_]
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
 
 
(b)
[_]
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
 
 
(c)
[_]
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
 
 
(d)
[_]
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
 
 
(e)
[_]
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
 
 
(f)
[_]
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

 
 

 

 
 
 
(g)
[_]
A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
 
 
(h)
[_]
A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C.1813);
 
 
(i)
[_]
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
 
 
(j)
[_]
A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J);
 
 
(k)
[_]
Group, in accordance with §240.13d-1(b)(1)(ii)(K).  If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution:
 
 
Item 4.
Ownership.
 
 
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
 
 
(a)
Amount beneficially owned:
   
Kinderhook Partners, LP – 1,121,323
   
Kinderhook GP, LLC – 1,121,323
   
Tushar Shah – 1,121,323
   
Stephen J. Clearman – 1,121,323
     
 
 
(b)
Percent of class:
   
Kinderhook Partners, LP – 6.8%
   
Kinderhook GP, LLC – 6.8%
   
Tushar Shah – 6.8%
   
Stephen J. Clearman – 6.8%
 
 
(c)
Number of shares as to which the person has:
     
 
   
(i)
Sole power to vote or to direct the vote
 
,
     
Kinderhook Partners, LP – 0
Kinderhook GP, LLC – 0
Tushar Shah – 0
Stephen J. Clearman – 0
 
   
(ii)
Shared power to vote or to direct the vote
 
,
     
Kinderhook Partners, LP – 1,121,323
Kinderhook GP, LLC – 1,121,323
Tushar Shah – 1,121,323
Stephen J. Clearman – 1,121,323
 

 
 

 

 
 
   
(iii)
Sole power to dispose or to direct the disposition of
 
,
     
Kinderhook Partners, LP – 0
Kinderhook GP, LLC – 0
Tushar Shah – 0
Stephen J. Clearman – 0
 
   
(iv)
Shared power to dispose or to direct the disposition of
 
.
     
Kinderhook Partners, LP – 1,121,323
Kinderhook GP, LLC – 1,121,323
Tushar Shah – 1,121,323
Stephen J. Clearman – 1, 121, 323
 
 
 
Instruction:  For computations regarding securities which represent a right to acquire an underlying security see §240.13d-3(d)(1)..
   
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 [_].
 
 
Instruction:  Dissolution of a group requires a response to this item.
   
 
Item 6.
Ownership of More Than Five Percent on Behalf of Another Person.
 
 
If any other person 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, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified.  A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
 
 
N/A
   
 
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
 
 
If a parent holding company or control person has filed this schedule, pursuant to Rule 13d-1(b)(1)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary.  If a parent holding company or control person has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
 
 
N/A
   

 
 

 

 
 
Item 8.
Identification and Classification of Members of the Group.
 
 
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group.  If a group has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identity of each member of the group.
 
N/A
   
 
Item 9.
Notice of Dissolution of Group.
 
 
Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity.  See Item 5.
 
 
N/A
   
 
Item 10.
Certification.
 
 
(c)
The following certification shall be included if the statement is filed pursuant to §240.13d-1(c):
 
   
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.
 
 
 

 
 

 

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.
 
 
February 9, 2010
 
(Date)
   
 
KINDERHOOK PARTNERS, LP*
   
 
By:  Kinderhook GP, LLC
       General Partner
 
By: /s/ Tushar Shah
 
(Signature)
 
           Tushar Shah
 
           Managing Member
 
(Name/Title)
   
 
KINDERHOOK GP, LLC*
   
 
By:/s/ Tushar Shah
 
(Signature)
 
          Tushar Shah
 
          Managing Member
 
(Name/Title)
   
 
/s/ Tushar Shah*
 
Tushar Shah
   
 
/s/ Stephen J. Clearman*
 
Stephen J. Clearman
   
 
* This reporting person disclaims beneficial ownership in the shares reported herein except to the extent of their pecuniary interest therein.
 
 
The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative.  If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference.  The name and any title of each person who signs the statement shall be typed or printed beneath his signature.
 
Note.  Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See s.240.13d-7 for other parties for whom copies are to be sent.
 
Attention.  Intentional misstatements or omissions of fact constitute Federal criminal violations (see 18 U.S.C. 1001).
 

 
 

 

 
Exhibit A
 
AGREEMENT
 
The undersigned agree that this Amendment No. 1 to Schedule 13G dated February 9, 2010 relating to the Common Stock, par value $0.0001 per share of Salary.com, Inc., shall be filed on behalf of the undersigned.
 
KINDERHOOK PARTNERS, LP*
 
By:  Kinderhook GP, LLC
General Partner
 
By:  /s/ Tushar Shah
Tushar Shah
Managing Member
 
KINDERHOOK GP, LLC*
 
By:  /s/ Tushar Shah
Tushar Shah
Managing Member
 
/s/ Tushar Shah*                                
Tushar Shah
 
 
/s/ Stephen J. Clearman*
Stephen J. Clearman
 
 
*The Reporting Persons disclaim beneficial ownership in the shares reported herein except to the extent of their pecuniary interest therein.
 
 
SK 21702 0001 1069035


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