SC 13G 1 dsc13g.htm SC 13G SC 13G

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No.     )*

 

 

 

BROADSOFT, INC.

(Name of Issuer)

 

 

 

COMMON STOCK, $.01 PAR VALUE

(Title of Class of Securities)

 

11133B409

(CUSIP Number)

 

December 31, 2010

(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 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. 11133B409   13G   Page 2 of 11 Pages

 

  1.   

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

Deer Management Co. 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

 

    1,062

   6.   

SHARED VOTING POWER

 

    —0—

   7.   

SOLE DISPOSITIVE POWER

 

    1,062

   8.   

SHARED DISPOSITIVE POWER

 

    —0—

  9.

  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    2,819,790

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

 

    11.1%

12.

  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

    OO

 

CUSIP No. 11133B409   13G   Page 3 of 11 Pages

 

  1.   

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

Deer IV & Co. 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

 

    2,818,728

   6.   

SHARED VOTING POWER

 

    —0—

   7.   

SOLE DISPOSITIVE POWER

 

    2,818,728

   8.   

SHARED DISPOSITIVE POWER

 

    —0—

  9.

  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    2,819,790

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

 

    11.1%

12.

  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

    OO

 

CUSIP No. 11133B409   13G   Page 4 of 11 Pages

 

  1.   

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

Bessec Ventures IV L.P.

  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

 

    1,107,982

   6.   

SHARED VOTING POWER

 

    —0—

   7.   

SOLE DISPOSITIVE POWER

 

    1,107,982

   8.   

SHARED DISPOSITIVE POWER

 

    —0—

  9.

  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    2,819,790

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

 

    11.1%

12.

  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

    PN

 

CUSIP No. 11133B409   13G   Page 5 of 11 Pages

 

  1.   

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

Bessemer Venture Partners IV L.P.

  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

 

    1,661,958

   6.   

SHARED VOTING POWER

 

    —0—

   7.   

SOLE DISPOSITIVE POWER

 

    1,661,958

   8.   

SHARED DISPOSITIVE POWER

 

    —0—

  9.

  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    2,819,790

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

 

    11.1%

12.

  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

    PN

 

CUSIP No. 11133B409   13G   Page 6 of 11 Pages

 

Item 1  

(a).

    Name of Issuer:      
     BroadSoft, Inc. (the “Issuer”)      
Item 1  

(b).

    Address of Issuer’s Principal Executive Offices:      
     9737 Washingtonian Boulevard, Suite 350, Gaithersburg, Maryland 20878      
Item 2  

(a).

   Name of Person Filing:      
    

This statement is being filed by the following persons with respect to the shares (the “Shares”) of common stock (“Common Stock”) of the Issuer directly owned by Bessec Ventures IV L.P. (“Bessec IV”) and Bessemer Venture Partners IV L.P. (“BVP IV” and, collectively, the “Funds”).

 

(a)     Deer Management Co. LLC (“Deer”), the management company for each of the Funds, which directly owns 1,062 Shares;

 

(b)     Deer IV & Co. LLC (“Deer IV”), the sole general partner of Bessec IV and BVP IV, which directly owns 48,788 Shares and indirectly owns 2,769,940 Shares in its capacity as general partner of Bessec IV and BVP IV;

 

(c)     Bessec IV, which directly owns 1,107,982 Shares; and

 

(d)     BVP IV, which directly owns 1,661,958 Shares.

 

Deer, Deer IV, Bessec IV and BVP IV are sometimes individually referred to herein as a “Reporting Person” and collectively as the “Reporting Persons.”

      
Item 2  

(b).

    Address of Principal Business Office or, if None, Residence:      
    

The address of the principal business office of each of the Reporting Persons:

 

c/o Bessemer Venture Partners

1865 Palmer Avenue; Suite 104

Larchmont, NY 10583

      
Item 2  

(c).

    Citizenship:      
    

Deer — Delaware

Deer IV — Delaware

Bessec IV — Delaware

BVP IV — Delaware

      
Item 2  

(d).

    Title of Class of Securities:      
     Common Stock, par value $.01 per share (the “Common Stock”)      
Item 2  

(e).

    CUSIP Number:      
     09265M102      
Item 3.   Not Applicable.   

CUSIP No. 11133B409   13G   Page 7 of 11 Pages

 

Item 4.    Ownership.      
   For Deer:      
   (a)    Amount beneficially owned:      
      2,819,790 shares of Common Stock      
   (b)    Percent of class:      
      11.1%      
   (c)    Number of shares as to which such person has:      
      (i)    Sole power to vote or to direct the vote:      
        

1,062

      
      (ii)    Shared power to vote or to direct the vote:      
         —0—      
      (iii)    Sole power to dispose or to direct the disposition of:      
        

1,062

      
      (iv)    Shared power to dispose or to direct the disposition of:      
         —0—      
   For Deer IV:      
   (a)    Amount beneficially owned:      
      2,819,790 shares of Common Stock      
   (b)    Percent of class:      
      11.1%      
   (c)    Number of shares as to which such person has:      
      (i)    Sole power to vote or to direct the vote:      
        

2,818,728

      
      (ii)    Shared power to vote or to direct the vote:      
         —0—      
      (iii)    Sole power to dispose or to direct the disposition of:      
        

2,818,728

      
      (iv)    Shared power to dispose or to direct the disposition of:      
         —0—      
   For Bessec IV:      
   (a)    Amount beneficially owned:      
      2,819,790      
   (b)    Percent of class:      
      11.1%      
   (c)    Number of shares as to which such person has:      
      (i)    Sole power to vote or to direct the vote:      
        

1,107,982

      

 

      (ii)    Shared power to vote or to direct the vote:      
         —0—      
      (iii)    Sole power to dispose or to direct the disposition of:      
         1,107,982      
      (iv)    Shared power to dispose or to direct the disposition of:      
         —0—      
   For BVP IV:      
   (a)    Amount beneficially owned:      
      2,819,790 shares of Common Stock      
   (b)    Percent of class:      
      11.1%      
   (c)    Number of shares as to which such person has:      
      (i)    Sole power to vote or to direct the vote:      
         1,661,958      
      (ii)    Shared power to vote or to direct the vote:      
         —0—      
      (iii)    Sole power to dispose or to direct the disposition of:      
        

1,661,958

      
      (iv)    Shared power to dispose or to direct the disposition of:      
         —0—      
Item 5.    Ownership of Five Percent or Less of a Class   
   Not applicable.   
Item 6.    Ownership of More than Five Percent on Behalf of Another Person.      
   Deer IV directly owns 48,788 shares and indirectly owns 2,769,940 shares in its capacity as general partner of Bessec IV and BVP IV. Deer IV has the power to direct the dividends from or the proceeds of the sale of the shares of Common Stock owned by the Funds.      
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.      
   Not applicable.      
Item 9.    Notice of Dissolution of Group.      
   Not applicable.      
Item 10.    Certification.      
  

Not applicable.

      

CUSIP No. 11133B409   13G   Page 8 of 11 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: February 14, 2011

 

DEER MANAGEMENT CO. LLC
By:  

/s/ J. Edmund Colloton

  Name: J. Edmund Colloton
  Title: Managing Member and C.O.O.
DEER IV & CO. LLC
By:  

/s/ J. Edmund Colloton

  Name: J. Edmund Colloton
  Title: C.O.O.
BESSEC VENTURES IV L.P.
By:   Deer IV & Co. LLC, its general partner
  By:  

/s/ J. Edmund Colloton

    Name: J. Edmund Colloton
    Title: C.O.O.
BESSEMER VENTURE PARTNERS IV L.P.
By:   Deer IV & Co. LLC, its general partner
  By:  

/s/ J. Edmund Colloton

    Name: J. Edmund Colloton
    Title: C.O.O.

CUSIP No. 11133B409   13G   Page 9 of 11 Pages

EXHIBIT INDEX

 

Exhibit 1.    Joint Filing Agreement as required by Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended
Exhibit 2.    List of Members of Group

CUSIP No. 11133B409   13G   Page 10 of 11 Pages

Exhibit 1

JOINT FILING AGREEMENT PURSUANT TO RULE 13d-1(k)(1)

The undersigned acknowledge and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G shall be filed on behalf of each of the undersigned without the necessity of filing additional joint filing statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him, her or it contained herein, but shall not be responsible for the completeness and accuracy of the information concerning the other entities or persons, except to the extent that he, she or it knows or has reason to believe that such information is inaccurate.

Date: February 14, 2011

 

DEER MANAGEMENT CO. LLC
By:  

/s/ J. Edmund Colloton

  Name: J. Edmund Colloton
  Title: Managing Member and C.O.O.
DEER IV & CO. LLC
By:  

/s/ J. Edmund Colloton

  Name: J. Edmund Colloton
  Title: C.O.O.
BESSEC VENTURES IV L.P.
By:   Deer IV & Co. LLC, its general partner
  By:  

/s/ J. Edmund Colloton

    Name: J. Edmund Colloton
    Title: C.O.O.
BESSEMER VENTURE PARTNERS IV L.P.
By:   Deer IV & Co. LLC, its general partner
  By:  

/s/ J. Edmund Colloton

    Name: J. Edmund Colloton
    Title: C.O.O.

CUSIP No. 11133B409   13G   Page 11 of 11 Pages

Exhibit 2

Members of Group

Deer Management Co. LLC

Deer IV & Co. LLC

Bessec Venture IV L.P.

Bessemer Ventures IV L.P.