| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | ||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
BROADSOFT INC [ BSFT ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 06/21/2010 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Common Stock | 06/21/2010 | C | 1,471,983(1) | A | (2)(3) | 2,377,323(4) | D(5) | |||
| Common Stock | 06/21/2010 | S | 516,820(6) | D | $8.37 | 1,860,503(7) | D(5) | |||
| Series A Preferred Stock | 06/21/2010 | J(8) | 2,400,000(9) | D | $0 | 0 | D(5) | |||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Series B-1 Convertible Preferred Stock | (2) | 06/21/2010 | C | 124,667(10) | (2) | (2) | Common Stock | 299,199(2)(11) | $0 | 0 | D(5) | ||||
| Series C-1 Convertible Preferred Stock | (3) | 06/21/2010 | C | 1,172,784(12) | (3) | (3) | Common Stock | 1,172,784(12) | $0 | 0 | D(5) | ||||
1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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| Explanation of Responses: |
| 1. Represents shares received upon conversion of shares of Series B-1 and C-1 Convertible Preferred Stock (as described in Notes 2 and 3) as follows: 1,363,629 shares received by Charles River Partnership IX, LP ("CRP IX"), 41,773 shares received by Charles River Partnership IX-A, LP ("CRP IX-A"), 37,354 shares received by Charles River IX-B, LLC ("CR IX-B") and 29,227 shares received by Charles River IX-C, LLC ("CR IX-C"). CRP IX, CRP IX-A, CR IX-B and CR IX-C (collectively, the "Partnerships") form a "group" for purposes of Section 13(d) of the Securities Exchange Act of 1934. |
| 2. Each share of Series B-1 Convertible Preferred Stock automatically converted into 2.4 shares of common stock upon the closing of the issuer's initial public offering, and had no expiration date. |
| 3. Each share of Series C-1 Convertible Preferred Stock automatically converted into 1 share of common stock upon the closing of the issuer's initial public offering, and had no expiration date. |
| 4. Represents 2,202,324 shares held by CRP IX, 67,467 shares held by CRP IX-A, 60,329 shares held by CR IX-B and 47,203 shares held by CR IX-C. |
| 5. Charles River IX GP, Limited Partnership ("CR IX GP") is the General Partner of CRP IX and CRP IX-A; Charles River Friends, Inc. ("CRF Inc.") is the manager of CR IX-B and CR IX-C. Accordingly, each of CR IX GP and CRF Inc. (collectively, the "GPs") may be deemed to beneficially own the reported securities held by the Partnerships of which it is the general partner or manager, but each of the GPs disclaims beneficial ownership of such reported securities except to the extent of its pecuniary interest therein. The filing of this statement by any reporting person shall not be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, the beneficial owner of any equity securities covered by this statement. |
| 6. Represents 478,777 shares sold by CRP IX, 14,667 shares sold by CRP IX-A, 13,115 shares sold by CR IX-B and 10,261 shares sold by CR IX-C. |
| 7. Represents 1,723,547 shares held by CRP IX, 52,800 shares held by CRP IX-A, 47,214 shares held by CR IX-B and 36,942 shares held by CR IX-C. |
| 8. Effective upon the closing of the issuer's initial public offering, each share of Series A Preferred Stock was redeemed for $0.48 per share and subsequently cancelled, pursuant to its terms. |
| 9. Represents 2,223,328 shares held by CRP IX, 68,112 shares held by CRP IX-A, 60,906 shares held by CR IX-B and 47,654 shares held by CR IX-C. |
| 10. Represents 115,489 shares held by CRP IX, 3,538 shares held by CRP X-A, 3,164 shares held by CR IX-B and 2,476 shares held by CR IX-C. |
| 11. Represents 277,174 shares held by CRP IX, 8,491 shares held by CRP X-A, 7,593 shares held by CR IX-B and 5,941 shares held by CR IX-C. |
| 12. Represents 1,086,455 shares held by CRP IX, 33,282 shares held by CRP X-A, 29,761 shares held by CR IX -B and 23,286 shares held by CR IX-C. |
| Sarah Reed as Attorney-in-Fact for Charles River IX GP, LP the general partner of Charles River Partnership IX, LP | 06/22/2010 | |
| Sarah Reed as Attorney-in-Fact for Charles River IX GP, LP the general partner of Charles River Partnership IX-A, LP | 06/22/2010 | |
| Sarah Reed as Attorney-in-Fact for Charles River Friends, Inc. the manager of Charles River Friends IX-B, LLC | 06/22/2010 | |
| Sarah Reed as Attorney-in-Fact for Charles River Friends, Inc. the manager of Charles River Friends IX-C, LLC | 06/22/2010 | |
| Sarah Reed as Attorney-in-Fact for Charles River IX GP, LP | 06/22/2010 | |
| Sarah Reed as Attorney-in-Fact for Charles River Friends, Inc. | 06/22/2010 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||