0000947871-14-000214.txt : 20140410 0000947871-14-000214.hdr.sgml : 20140410 20140410170127 ACCESSION NUMBER: 0000947871-14-000214 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20140410 DATE AS OF CHANGE: 20140410 GROUP MEMBERS: LEE S. AINSLIE III GROUP MEMBERS: MAVERICK CAPITAL MANAGEMENT, LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CASTLIGHT HEALTH, INC. CENTRAL INDEX KEY: 0001433714 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-88076 FILM NUMBER: 14757744 BUSINESS ADDRESS: STREET 1: 121 SPEAR STREET STREET 2: SUITE 300 CITY: SAN FRANCISCO STATE: CA ZIP: 94105 BUSINESS PHONE: 415-671-4683 MAIL ADDRESS: STREET 1: 121 SPEAR STREET STREET 2: SUITE 300 CITY: SAN FRANCISCO STATE: CA ZIP: 94105 FORMER COMPANY: FORMER CONFORMED NAME: VENTANA HEALTH SERVICES, INC. DATE OF NAME CHANGE: 20090831 FORMER COMPANY: FORMER CONFORMED NAME: MARIA HEALTH INC DATE OF NAME CHANGE: 20080429 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MAVERICK CAPITAL LTD CENTRAL INDEX KEY: 0000934639 IRS NUMBER: 000000000 STATE OF INCORPORATION: TX FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 300 CRESCENT COURT STREET 2: 18TH FLOOR CITY: DALLAS STATE: TX ZIP: 75201 BUSINESS PHONE: 214.880.4050 MAIL ADDRESS: STREET 1: 300 CRESCENT COURT STREET 2: 18TH FLOOR CITY: DALLAS STATE: TX ZIP: 75201 SC 13G 1 ss209191_sc13g.htm SCHEDULE 13G
 


SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


SCHEDULE 13G


Under the Securities Exchange Act of 1934
(Amendment No ___)


CASTLIGHT HEALTH, INC.

(Name of Issuer)


Class B Common Stock, $0.0001 par value per share

(Title of Class of Securities)


14862Q100

(CUSIP Number)


March 31, 2014

(Date of Event Which Requires Filing of this Statement)


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

 
x
Rule 13d-1(b)
 
¨
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 (the “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.  14862Q100
 SCHEDULE 13G
Page 2 of 9 Pages
         
1
NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
Maverick Capital, Ltd. – 75-2482446
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
 
 
 
(a) o
(b) o
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
 
8,183,386(1)
6
SHARED VOTING POWER
 
0
7
SOLE DISPOSITIVE POWER
 
8,183,386(1)
8
SHARED DISPOSITIVE POWER
 
0
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
8,183,386(1)
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)
 
 
o
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
39.9%
12
TYPE OF REPORTING PERSON (See Instructions)
 
IA
 
(1)
Includes 7,733,386 shares of Class A Common Stock convertible at any time into shares of Class B Common Stock.
 
 
 

 
                     
CUSIP No.  14862Q100
 SCHEDULE 13G
Page 3 of 9 Pages
         
1
NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
Maverick Capital Management, LLC – 75-2686461
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
 
 
 
(a) o
(b) o
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
 
8,183,386(1)
6
SHARED VOTING POWER
 
0
7
SOLE DISPOSITIVE POWER
 
8,183,386(1)
8
SHARED DISPOSITIVE POWER
 
0
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
8,183,386(1)
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)
 
 
o
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
39.9%
12
TYPE OF REPORTING PERSON (See Instructions)
 
HC
 
(1)
Includes 7,733,386 shares of Class A Common Stock convertible at any time into shares of Class B Common Stock.
 
 
 

 
                       
CUSIP No.  14862Q100
 SCHEDULE 13G
Page 4 of 9 Pages
         
1
NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
Lee S. Ainslie III
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
 
 
 
(a) o
(b) o
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
 
8,183,386(1)
6
SHARED VOTING POWER
 
0
7
SOLE DISPOSITIVE POWER
 
8,183,386(1)
8
SHARED DISPOSITIVE POWER
 
0
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
8,183,386(1)
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)
 
 
o
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
39.9%
12
TYPE OF REPORTING PERSON (See Instructions)
 
HC
 
(1)
Includes 7,733,386 shares of Class A Common Stock convertible at any time into shares of Class B Common Stock.
 
 
 

 
                
Item 1(a)
Name of Issuer:

Castlight Health, Inc.

Item 1(b)
Address of Issuer’s Principal Executive Offices:

Two Rincon Center
121 Spear Street, Suite 300
San Francisco, California  94105

Item 2(a)
Name of Person Filing:

This Schedule 13G (the “Schedule 13G”) is being filed on behalf of each of the following persons (each, a “Reporting Person”):

 
(i)
Maverick Capital, Ltd.;
 
(ii)
Maverick Capital Management, LLC; and
 
(iii)
Lee S. Ainslie III (“Mr. Ainslie”).

The Schedule 13G relates to Shares (as defined herein) held for the accounts of Maverick Capital, Ltd.’s clients.

Item 2(b)
Address of Principal Business Office or, if none, Residence:

The address of the principal business office of (i) Maverick Capital, Ltd. and Maverick Capital Management, LLC is 300 Crescent Court, 18th Floor, Dallas, Texas 75201, and (ii) Mr. Ainslie is 767 Fifth Avenue, 11th Floor, New York, New York 10153.

Item 2(c)
Citizenship:

 
(i)
Maverick Capital, Ltd. is a Texas limited partnership;
 
(ii)
Maverick Capital Management, LLC is a Texas limited liability company; and
 
(iii)
Mr. Ainslie is a citizen of the United States.

Item 2(d)
Title of Class of Securities:

Class B Common Stock, $0.0001 par value per share (the “Shares”).

Item 2(e)
CUSIP Number:

14862Q100
             
 
Page 5 of 9 Pages

 
                
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)
o
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
 
 
(b)
o
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
 
 
(c)
o
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
 
 
(d)
o
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
 
 
(e)
x
An investment advisor in accordance with §240.13d-1(b)(1)(ii)(E).
 
 
(f)
o
An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F).
 
 
(g)
x
A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G).
 
 
(h)
o
A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).
 
 
(i)
o
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)
o
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J);
 
 
(k)
o
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

Ownership as of March 31, 2014 is incorporated by reference to items (5) – (9) and (11) of the cover page of the Reporting Person.

Maverick Capital, Ltd. is an investment adviser registered under Section 203 of the Investment Advisers Act of 1940 and, as such, may be deemed to have beneficial ownership of the Shares which are the subject of this filing through the investment discretion it exercises over its clients’ accounts.  Maverick Capital Management, LLC is the General Partner of Maverick Capital, Ltd.  Mr. Ainslie is the manager of Maverick Capital Management, LLC and is granted sole investment discretion pursuant to Maverick Capital Management, LLC’s Regulations.

Item 5
Ownership of Five Percent or Less of a Class

Not applicable.
 
 
Page 6 of 9 Pages

 
                   
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 or Control Person

Not applicable.

Item 8
Identification and Classification of Members of the Group

Not applicable.

Item 9
Notice of Dissolution of Group

Not applicable.

Item 10
Certifications

By signing below each of the Reporting Persons certifies that, to the best of such person’s knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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.
 
 
 
 
 
 
 
 
 
 
 
Page 7 of 9 Pages

 
                          
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.

Date:  April 10, 2014
MAVERICK CAPITAL, LTD.
 
           
 
By:
Maverick Capital Management, LLC,  
    Its General Partner  
           
    By: Lee S. Ainslie III, Manager  
           
      By:
/s/ John T. McCafferty
 
       
John T. McCafferty
Under Power of Attorney dated
February 13, 2003
 


Date:  April 10, 2014
MAVERICK CAPITAL MANAGEMENT, LLC
 
         
 
By:
Lee S. Ainslie III, Manager  
         
    By: /s/ John T. McCafferty   
     
John T. McCafferty
Under Power of Attorney dated
February 13, 2003
 
 
     
     
Date:  April 10, 2014
LEE S. AINSLIE III
 
       
       
 
By:
/s/ John T. McCafferty   
   
John T. McCafferty
Under Power of Attorney dated
February 13, 2003
 
 
 
 
 
 
 
 
 
 
 
 
Page 8 of 9 Pages

 
               
EXHIBIT INDEX

A.
Joint Filing Agreement, dated April 10, 2014, by and among Maverick Capital, Ltd., Maverick Capital Management, LLC, and Lee S. Ainslie III.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 9 of 9 Pages

EX-99.A 2 ss209191_ex99a.htm JOINT FILING AGREEMENT
Exhibit A
 

 
Joint Filing Agreement
 

The undersigned hereby agree that the statement on Schedule 13G with respect to the Class B Common Stock, $0.0001 par value per share of Castlight Health, Inc., dated as of April 10, 2014, is, and any amendments thereto (including amendments on Schedule 13D) signed by each of the undersigned shall be, filed on behalf of each of us pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934.

Date:  April 10, 2014


 
MAVERICK CAPITAL, LTD.
 
           
 
By:
Maverick Capital Management, LLC,  
    Its General Partner  
           
    By: Lee S. Ainslie III, Manager  
         
         
           
      By:
/s/ John T. McCafferty 
 
       
John T. McCafferty
Under Power of Attorney dated
February 13, 2003
 


 
MAVERICK CAPITAL MANAGEMENT, LLC
 
         
 
By:
Lee S. Ainslie III, Manager  
       
       
         
    By: /s/ John T. McCafferty   
     
John T. McCafferty
Under Power of Attorney dated
February 13, 2003
 
 
     
     
 
LEE S. AINSLIE III
 
     
       
       
 
By:
/s/ John T. McCafferty   
   
John T. McCafferty
Under Power of Attorney dated
February 13, 2003