SC 13G 1 d301862dsc13g.htm SCHEDULE 13G Schedule 13G

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 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 13d-2 (b)

(Amendment No.     )*

 

 

 

Zillow, Inc.

(Name of Issuer)

 

 

 

Class A Common Stock, $0.0001 par value per share

(Title of Class of Securities)

 

98954A107

(CUSIP Number)

 

December 31, 2011

(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)

¨ Rule 13d-1(c)

x 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 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).

 

 

 

(Continued on following pages)

Page 1 of 16

Exhibit Index on Page 14


CUSIP # 98954A107    Page 2 of 16

 

  1   

NAME OF REPORTING PERSONS

 

TCV V, L.P.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ¨        (b)  x

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

4,246,029 shares of Class A Common Stock (A)

   6   

SHARED VOTING POWER

 

-0- shares of Class A Common Stock

   7   

SOLE DISPOSITIVE POWER

 

4,246,029 shares of Class A Common Stock (A)

   8   

SHARED DISPOSITIVE POWER

 

-0- shares of Class A Common Stock

  9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

4,246,029 shares of Class A Common Stock (A)

10

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*    ¨

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

22.9%

12

 

TYPE OF REPORTING PERSON*

 

PN

 

(A) Please see Item 4.


CUSIP # 98954A107    Page 3 of 16

 

  1   

NAME OF REPORTING PERSONS

 

TCV Member Fund, L.P.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ¨        (b)  x

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

82,450 shares of Class A Common Stock (A)

   6   

SHARED VOTING POWER

 

-0- shares of Class A Common Stock

   7   

SOLE DISPOSITIVE POWER

 

82,450 shares of Class A Common Stock (A)

   8   

SHARED DISPOSITIVE POWER

 

-0- shares of Class A Common Stock

  9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

82,450 shares of Class A Common Stock (A)

10

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*    ¨

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

0.4%

12

 

TYPE OF REPORTING PERSON*

 

PN

 

(A) Please see Item 4.


CUSIP # 98954A107    Page 4 of 16

 

  1   

NAME OF REPORTING PERSONS

 

Technology Crossover Management V, L.L.C.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ¨        (b)  x

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

4,328,479 shares of Class A Common Stock (A)

   6   

SHARED VOTING POWER

 

-0- shares of Class A Common Stock

   7   

SOLE DISPOSITIVE POWER

 

4,328,479 shares of Class A Common Stock (A)

   8   

SHARED DISPOSITIVE POWER

 

-0- shares of Class A Common Stock

  9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

4,328,479 shares of Class A Common Stock (A)

10

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*    ¨

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

23.3%

12

 

TYPE OF REPORTING PERSON*

 

OO

 

(A) Please see Item 4.


CUSIP # 98954A107    Page 5 of 16

 

  1   

NAME OF REPORTING PERSONS

 

Jay C. Hoag

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ¨        (b)  x

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States Citizen

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

4,437 shares of Class A Common Stock (A)

   6   

SHARED VOTING POWER

 

4,328,479 shares of Class A Common Stock (A)

   7   

SOLE DISPOSITIVE POWER

 

4,437 shares of Class A Common Stock (A)

   8   

SHARED DISPOSITIVE POWER

 

4,328,479 shares of Class A Common Stock (A)

  9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

4,332,916 shares of Class A Common Stock (A)

10

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*    ¨

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

23.3%

12

 

TYPE OF REPORTING PERSON*

 

IN

 

(A) Please see Item 4.


CUSIP # 98954A107    Page 6 of 16

 

  1   

NAME OF REPORTING PERSONS

 

Richard H. Kimball

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ¨        (b)  x

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States Citizen

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

-0- shares of Class A Common Stock

   6   

SHARED VOTING POWER

 

4,328,479 shares of Class A Common Stock (A)

   7   

SOLE DISPOSITIVE POWER

 

-0- shares of Class A Common Stock

   8   

SHARED DISPOSITIVE POWER

 

4,328,479 shares of Class A Common Stock (A)

  9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

4,328,479 shares of Class A Common Stock (A)

10

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*    ¨

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

23.3%

12

 

TYPE OF REPORTING PERSON*

 

IN

 

(A) Please see Item 4.


CUSIP # 98954A107    Page 7 of 16

 

  1   

NAME OF REPORTING PERSONS

 

John L. Drew

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ¨        (b)  x

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States Citizen

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

-0- shares of Class A Common Stock

   6   

SHARED VOTING POWER

 

4,328,479 shares of Class A Common Stock (A)

   7   

SOLE DISPOSITIVE POWER

 

-0- shares of Class A Common Stock

   8   

SHARED DISPOSITIVE POWER

 

4,328,479 shares of Class A Common Stock (A)

  9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

4,328,479 shares of Class A Common Stock (A)

10

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*    ¨

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

23.3%

12

 

TYPE OF REPORTING PERSON*

 

IN

 

(A) Please see Item 4.


CUSIP # 98954A107    Page 8 of 16

 

  1   

NAME OF REPORTING PERSONS

 

Jon Q. Reynolds, Jr.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ¨        (b)  x

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States Citizen

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

-0- shares of Class A Common Stock

   6   

SHARED VOTING POWER

 

4,328,479 shares of Class A Common Stock (A)

   7   

SOLE DISPOSITIVE POWER

 

-0- shares of Class A Common Stock

   8   

SHARED DISPOSITIVE POWER

 

4,328,479 shares of Class A Common Stock (A)

  9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

4,328,479 shares of Class A Common Stock (A)

10

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*    ¨

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

23.3%

12

 

TYPE OF REPORTING PERSON*

 

IN

 

(A) Please see Item 4.


CUSIP # 98954A107    Page 9 of 16

 

ITEM 1(A).    NAME OF ISSUER
   Zillow, Inc.
ITEM 1(B).    ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES
   1301 Second Avenue, Floor 31
   Seattle, Washington 98101
ITEM 2(A).    NAME OF PERSONS FILING
   This statement is being filed by (1) TCV V, L.P., a Delaware limited partnership (“TCV V”), (2) TCV Member Fund, L.P., a Cayman Islands exempted limited partnership (“Member Fund” and, together with TCV V, the “TCV Funds”), (3) Technology Crossover Management V, L.L.C., a Delaware limited liability company (“TCM V” and together with the TCV Funds, the “TCV Entities”), (4) Jay C. Hoag (“Mr. Hoag”), (5) Richard H. Kimball (“Mr. Kimball”), (6) John L. Drew (“Mr. Drew”) and (7) Jon Q. Reynolds Jr. (“Mr. Reynolds”). Mr. Hoag, Mr. Kimball, Mr. Drew and Mr. Reynolds are collectively referred to as the “Members.” The TCV Entities and the Members are sometimes collectively referred to herein as the “Reporting Persons.”
ITEM 2(B).    ADDRESS OF PRINCIPAL OFFICE
   The mailing address for each of the Reporting Persons is:
   c/o Technology Crossover Ventures
   528 Ramona Street
   Palo Alto, California 94301
ITEM 2(C)    CITIZENSHIP
   TCV V is a Delaware limited partnership, Member Fund is a Cayman Islands exempted limited partnership and TCM V is a Delaware limited liability company. The Members are each United States citizens.
ITEM 2(D) AND (E).    TITLE OF CLASS OF SECURITIES AND CUSIP NUMBER
   Class A Common Stock, $0.0001 par value
   CUSIP Number: 98954A107
ITEM 3.    Not applicable.
ITEM 4.    OWNERSHIP
   The following information with respect to the ownership of the Class A Common Stock of the Issuer by the persons filing this Statement is provided as of December 31, 2011:


CUSIP # 98954A107    Page 10 of 16

 

Name of Reporting Person

   (a) Amount
beneficially
owned
    (b) Percent of
Class*
    (c) Number of shares as to which person has:  
       Sole power to vote or
to direct the vote,
and sole power to
dispose or to direct
the disposition of
     Shared power to
vote or to direct the
vote, and shared
power to dispose or
to direct the
disposition of
 

TCV V, L.P.

     4,246,029        22.9     4,246,029         —     

TCV Member Fund, L.P.

     82,450        0.4     82,450         —     

Technology Crossover Management V, L.L.C.

     4,328,479        23.3     4,328,479         —     

Jay C. Hoag

     4,332,916 **      23.3     4,437         4,328,479   

Richard H. Kimball

     4,328,479        23.3     —           4,328,479   

John L. Drew

     4,328,479        23.3     —           4,328,479   

Jon Q. Reynolds, Jr.

     4,328,479        23.3     —           4,328,479   

 

* All percentages in this table are based on 18,580,966 shares of Class A Common Stock outstanding on December 31, 2011, as reported by Zillow, Inc.
** Of which 4,437 are options to purchase shares of Class A Common Stock that are exercisable within 60 days of December 31, 2011. Mr. Hoag has sole dispositive power over the stock options and the underlying shares of Class A Common Stock. However, TCV Management 2004, L.L.C. (“TCM 2004”) owns 100% of the pecuniary interest therein. The Members are members of TCM 2004, but each disclaims beneficial ownership of such shares except to the extent of their respective pecuniary interest therein.

Each of the TCV Funds has the sole power to dispose or direct the disposition of the shares which it holds directly, and has the sole power to vote or direct the vote of such shares.

TCM V is the sole general partner of TCV V and a general partner of Member Fund and may be deemed to have sole power to vote and sole power to dispose of shares of the Issuer directly owned by TCV V and Member Fund. TCM V disclaims beneficial ownership of such shares except to the extent of its pecuniary interest therein. The Members are Class A Members of TCM V and may be deemed to have shared power to vote and shared power to dispose of shares of the Issuer directly owned by TCV V and Member Fund. Each of the Members and TCM V disclaim beneficial ownership of such shares except to the extent of their respective pecuniary interest therein.

The Reporting Persons may be deemed to be acting as a group in relation to their respective holdings in the Company but do not affirm the existence of any such group.

Except as set forth in this Item 4, each of the Reporting Persons disclaims beneficial ownership of any shares owned beneficially or of record by any other Reporting Person.

 

ITEM 5.    OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
   ¨  Yes
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.


CUSIP # 98954A107    Page 11 of 16

 

ITEM 8.    IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
   Not applicable.
ITEM 9.    NOTICE OF DISSOLUTION OF GROUP.
   Not applicable.
ITEM 10.    CERTIFICATION.
   Not applicable.


CUSIP # 98954A107    Page 12 of 16

 

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.

Dated: February 13, 2012

 

TCV V, L.P.
a Delaware limited partnership,
Technology Crossover Management V, L.L.C.

a Delaware limited liability company, its General Partner

By:  

        /s/ Frederic D. Fenton

Name:           Frederic D. Fenton
Title:           Authorized Signatory
TCV MEMBER FUND, L.P.
a Cayman Islands exempted limited partnership,
Technology Crossover Management V, L.L.C.

a Delaware limited liability company, its General Partner

By:  

        /s/ Frederic D. Fenton

Name:           Frederic D. Fenton
Title:           Authorized Signatory
TECHNOLOGY CROSSOVER MANAGEMENT V, L.L.C.
a Delaware limited liability company
By:  

        /s/ Frederic D. Fenton

Name:           Frederic D. Fenton
Title:           Authorized Signatory
JAY C. HOAG
By:  

    /s/ Frederic D. Fenton

Name:       Frederic D. Fenton
Title:       Attorney in Fact


CUSIP # 98954A107    Page 13 of 16

 

RICHARD H. KIMBALL
By:  

        /s/ Frederic D. Fenton

Name:           Frederic D. Fenton
Title:           Attorney in Fact
JOHN L. DREW
By:  

        /s/ Frederic D. Fenton

Name:           Frederic D. Fenton
Title:           Attorney in Fact
JON Q. REYNOLDS, JR.
By:  

        /s/ Frederic D. Fenton

Name:           Frederic D. Fenton
Title:           Attorney in Fact


CUSIP # 98954A107    Page 14 of 16

 

EXHIBIT INDEX

 

Exhibit

    
Exhibit 1:    Agreement of Joint Filing


CUSIP # 98954A107    Page 15 of 16

 

EXHIBIT 1

Joint Filing Agreement

In accordance with Rule 13d-1(k) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing with all other Reporting Persons (as such term is defined in the Schedule 13G referred to below) on behalf of each of them of a statement on Schedule 13G (including amendments thereto) with respect to the common stock, par value $0.0001 per share, of Zillow, Inc., a Washington corporation, and that this Agreement may be included as an Exhibit to such joint filing. This Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument.

IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of the 13th day of February, 2012.

 

TCV V, L.P.
a Delaware limited partnership,
Technology Crossover Management V, L.L.C.
a Delaware limited liability company, its General Partner
By:  

        /s/ Frederic D. Fenton

Name:           Frederic D. Fenton
Title:           Authorized Signatory
TCV MEMBER FUND, L.P.
a Cayman Islands exempted limited partnership,
Technology Crossover Management V, L.L.C.
a Delaware limited liability company, its General Partner
By:  

        /s/ Frederic D. Fenton

Name:           Frederic D. Fenton
Title:           Authorized Signatory
TECHNOLOGY CROSSOVER MANAGEMENT V, L.L.C.
a Delaware limited liability company
By:  

        /s/ Frederic D. Fenton

Name:           Frederic D. Fenton
Title:           Authorized Signatory


CUSIP # 98954A107    Page 16 of 16

 

JAY C. HOAG
By:  

        /s/ Frederic D. Fenton

Name:           Frederic D. Fenton
Title:           Attorney in Fact
RICHARD H. KIMBALL
By:  

        /s/ Frederic D. Fenton

Name:           Frederic D. Fenton
Title:           Attorney in Fact
JOHN L. DREW
By:  

        /s/ Frederic D. Fenton

Name:           Frederic D. Fenton
Title:           Attorney in Fact
JON Q. REYNOLDS, JR.
By:  

    /s/ Frederic D. Fenton

Name:       Frederic D. Fenton
Title:       Attorney in Fact