SC 13D/A 1 eh1600325_13da3-glu.htm AMENDMENT NO. 3 Unassociated Document

 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)
 
GLU MOBILE INC.
(Name of Issuer)
 
Common Stock, par value $0.0001 per share
(Title of Class of Securities)
 
379890106
(CUSIP Number)
 
Tencent Holdings Limited
29/F., Three Pacific Place,
No. 1 Queen’s Road East, Wanchai, Hong Kong
Telephone: +852 3148 5100
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
 
February 23, 2016
(Date of Event which Requires Filing of this Statement)
 
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-l(f) or 240.13d-l(g), check the following box.
 
*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 (“Exchange 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.  379890106
SCHEDULE 13D
Page 2 of 7

 
1
NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 
Red River Investment Limited
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)  o
(b)  ☐
3
SEC USE ONLY
 
 
 
4
SOURCE OF FUNDS
 
AF
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
British Virgin Islands
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH
7
SOLE VOTING POWER
 
None
8
SHARED VOTING POWER
 
28,194,690
9
SOLE DISPOSITIVE POWER
 
None
10
SHARED DISPOSITIVE POWER
 
28,194,690
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
28,194,690
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
 
o
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
21.5%*
 
14
TYPE OF REPORTING PERSON
 
CO
 
 
 
* Pursuant to Rule 13d-3(d)(1)(i), all percentages of ownership herein are calculated based upon 131,259,611 shares of Common Stock, par value $0.0001 per share, outstanding as of November 1, 2015, as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (the “SEC”) on November 9, 2015.
 

 
CUSIP No.  379890106
SCHEDULE 13D
Page 3 of 7

 
1
NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 
Tencent Holdings Limited
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)  o
(b)  ☐
3
SEC USE ONLY
 
 
 
4
SOURCE OF FUNDS
 
AF
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Cayman Islands
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH
7
SOLE VOTING POWER
 
None
8
SHARED VOTING POWER
 
28,194,690
9
SOLE DISPOSITIVE POWER
 
None
10
SHARED DISPOSITIVE POWER
 
28,194,690
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
28,194,690
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
 
o
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
21.5%
 
14
TYPE OF REPORTING PERSON
 
CO
 
 
 

 
CUSIP No.  379890106
SCHEDULE 13D
Page 4 of 7

 
1
NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 
THL E Limited
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)  o
(b)  ☐
3
SEC USE ONLY
 
 
 
4
SOURCE OF FUNDS
 
AF
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
British Virgin Islands
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH
7
SOLE VOTING POWER
 
None
8
SHARED VOTING POWER
 
28,194,690
9
SOLE DISPOSITIVE POWER
 
None
10
SHARED DISPOSITIVE POWER
 
28,194,690
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
28,194,690
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
 
o
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
21.5%
 
14
TYPE OF REPORTING PERSON
 
CO
 
 
 

 
CUSIP No.  379890106
SCHEDULE 13D
Page 5 of 7
 
Item 1. Security and Issuer 

This Amendment No. 3 to Schedule 13D (this “Amendment No. 3”) amends and supplements the Schedule 13D filed with the Securities and Exchange Commission (the “SEC”) on May 11, 2015 (as amended by Amendment No. 1 filed with the SEC on June 5, 2015 and Amendment No. 2 filed with the SEC on February 11, 2016, the “Original Statement” and, together with this Amendment No. 3, the “Statement”). Unless specifically amended hereby, the disclosures set forth in the Original Statement shall remain unchanged. All capitalized terms used in this Amendment No. 3 but not defined herein shall have the meanings ascribed thereto in the Original Statement.

Item 2. Identity and Background
 
Item 2 (including Appendix A attached thereto) is hereby amended and restated in its entirety, as follows:

“(a) – (c), (f)  This Statement is being filed jointly by:

(i)
Tencent Holdings Limited, a Cayman Islands company (“Tencent”);

(ii)
Red River Investment Limited, a British Virgin Islands company and a direct wholly-owned subsidiary of Tencent (“Red River”); and

(iii)
THL E Limited, a British Virgin Islands company and a direct wholly-owned subsidiary of Tencent (“THL”).
 
Each of the foregoing is referred to as a Reporting Person and collectively as the Reporting Persons. Each of the Reporting Persons is party to that certain Joint Filing Agreement, as further described in Item 6.  Accordingly, the Reporting Persons are hereby filing a joint Schedule 13D.

The principal address of Tencent is Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman KY1-1111, Cayman Islands.  The principal address of Red River is P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands. The principal address of THL is P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands.

Tencent is an internet service portal in China providing value-added Internet, mobile and telecom services and online advertising and has been listed on the main board of the Hong Kong Stock Exchange since June 16, 2004 (SEHK 700).  Each of Red River and THL is a direct wholly-owned subsidiary of Tencent and is principally engaged in the business of holding securities in portfolio companies in which Tencent invests.

Attached hereto as Appendix A, and incorporated herein by reference, is information concerning each executive officer and director of Tencent, Red River and THL, which is required to be disclosed in response to Item 2 and General Instruction C to Schedule 13D.

(d)-(e)  None of the Reporting Persons nor any of the persons or entities referred to in Appendix A has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations and similar misdemeanors) or been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree, or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.”

Item 3. Source and Amount of Funds or Other Consideration

Item 3 of the Statement is hereby amended and supplemented by inserting the following at the end thereof:

Between February 12, 2016 and February 25, 2016 (both dates inclusive), THL, as a result of certain open market purchases of shares of Common Stock (the “Open Market Purchases”), acquired an aggregate of 3,993,740 shares of Common Stock.  THL used funds from an affiliate, which is a wholly-owned subsidiary of Tencent, to pay for the Open Market Purchases.


Item 4. Purpose of Transaction

Item 4 of the Statement is hereby amended by amending and restating the first paragraph, as follows:
 

 
CUSIP No.  379890106
SCHEDULE 13D
Page 6 of 7
 
As described in Item 3 above and Item 6 below, which descriptions are incorporated herein by reference in response to this Item 4, this Statement is being filed in connection with the acquisition of the Shares by Red River pursuant to the Purchase Agreement and the subsequent Open Market Purchases by THL. As a result of the transactions described in this Statement, the Reporting Persons acquired approximately 21.5% of the total Common Stock outstanding on November 1, 2015, and received the right to nominate one director for election to the board of directors of the Issuer (the “Board”).

Item 5. Interest in Securities of the Issuer

Item 5 of the Statement is hereby amended by amending and restating Items 5(a), (b) and (c), as follows:

(a) - (b) As of the date of this Statement, each Reporting Person may be deemed to have beneficial ownership and shared power to vote or direct the vote of 28,194,690 shares of Common Stock.

Based on a total of 131,259,611 shares of Common Stock outstanding as of November 1, 2015, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed on November 9, 2015, which includes 21,000,000 shares of Common Stock issued by the Issuer to Red River under the Purchase Agreement plus 7,194,690 shares of Common Stock acquired by THL in the Open Market Purchases, the Reporting Persons beneficially held approximately 21.5% of the total shares of Common Stock outstanding on November 1, 2015.
 
Except as set forth in this Item 5(a) and (b), to the knowledge of the Reporting Persons, no person identified in Appendix A hereto beneficially owns any shares of Common Stock.

(c) Except as described below and elsewhere in this Statement, there have been no transactions in the Shares by the Reporting Persons during the past 60 days and, to the knowledge of the Reporting Persons, there have been no transactions in the shares of Common Stock by any of the persons identified in Appendix A hereto during the past 60 days. Between February 8, 2016 and February 25, 2016 (both dates inclusive), THL purchased an aggregate of 7,194,690 shares of Common Stock in the Open Market Purchases.  Below is a summary of the Open Market Purchases made by THL between February 8, 2016 and February 25, 2016, including the number of shares of Common Stock purchased, the average price per share of Common Stock purchased and the price range of the shares of Common Stock purchased on each day.  The Reporting Persons undertake to provide, upon the request of the staff of the SEC, full information regarding the number of Shares purchased at each separate price.

Transaction Date
Number of Shares
Average Price Per Share
Price Range of Shares
February 8, 2016
800,950
$2.6941
$2.64 - $2.76
February 9, 2016
1,760,000
$2.8858
$2.65 - $2.945
February 10, 2016
640,000
$2.9941
$2.95 - $3.02
February 12, 2016
793
$3.0476
$3.04 - 3.05
February 16, 2016
428,000
$3.2916
$3.18 - 3.39
February 17, 2016
323,600
$3.4434
$3.40 - 3.56
February 19, 2016
38,914
$3.6898
$3.67 - 3.70
February 22, 2016
75,008
$3.6913
$3.65 - 3.70
February 23, 2016
1,050,000
$3.7603
$3.71 - 3.80
February 24, 2016
1,621,964
$3.6650
$3.56 - 3.7050
February 25, 2016
455,461 $3.8088 $3.71 - 3.85

The information set forth in Item 3 above and in Item 6 is also incorporated herein by reference.
 
Item 7. Material to be Filed as Exhibits

Exhibit 1:
Joint Filing Agreement, dated as of February 11, 2016, between Red River Investment Limited, Tencent Holdings Limited and THL E Limited, as required by Rule 13d-1(k)(1) under the Securities Exchange Act of 1934 (previously filed).

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 25, 2016
 


 
RED RIVER INVESTMENT LIMITED
 
 
 
 
 
 
 
 
By:
/s/ Li Zhao Hui
 
 
 
Name:
Li Zhao Hui
 
 
 
Title:
Authorized Representative
 


 
TENCENT HOLDINGS LIMITED
 
 
 
 
 
 
 
 
By:
/s/ Li Zhao Hui
 
 
 
Name:
Li Zhao Hui
 
 
 
Title:
Authorized Representative
 


 
THL E LIMITED
 
 
 
 
 
 
 
 
By:
/s/ Li Zhao Hui
 
 
 
Name:
Li Zhao Hui
 
 
 
Title:
Authorized Representative
 

 

APPENDIX A
EXECUTIVE OFFICERS AND DIRECTORS
The business address of each of the following individuals is c/o Tencent Holdings Limited, 29/F., Three Pacific Place, No. 1 Queen’s Road East, Wanchai, Hong Kong.  Unless otherwise indicated, each occupation set forth opposite an individual’s name refers to Tencent Holdings Limited.
Red River
The directors for Red River Investment Limited are as follows:
Name
 
Present Principal Employment
 
Business Address
 
Citizenship
Ma Huateng
 
Director
 
c/o Tencent Holdings Limited, 29/F., Three Pacific Place, No. 1 Queen’s Road East, Wanchai, Hong Kong
 
People’s Republic of China
Charles St Leger Searle
 
Director
 
c/o Tencent Holdings Limited, 29/F., Three Pacific Place, No. 1 Queen’s Road East, Wanchai, Hong Kong
 
Republic of South Africa
Red River Investment Limited does not have any executive officers
Tencent
The directors for Tencent Holdings Limited are as follows:
Name
 
Present Principal Employment
 
Business Address
 
Citizenship
Ma Huateng
 
Executive Director, Chairman of the Board and Chief Executive Officer of Tencent Holdings Limited
 
c/o Tencent Holdings Limited, 29/F., Three Pacific Place, No. 1 Queen’s Road East, Wanchai, Hong Kong
 
People’s Republic of China
Lau Chi Ping Martin
 
Executive Director and President of Tencent Holdings Limited
 
c/o Tencent Holdings Limited, 29/F., Three Pacific Place, No. 1 Queen’s Road East, Wanchai, Hong Kong
 
People’s Republic of China (Hong Kong SAR)
Charles St Leger Searle
 
Non-executive Director of Tencent Holdings Limited, Chief Executive Officer of Naspers Internet Listed Assets
 
c/o Tencent Holdings Limited, 29/F., Three Pacific Place, No. 1 Queen’s Road East, Wanchai, Hong Kong
 
Republic of South Africa
Jacobus Petrus (Koos) Bekker
 
Non-executive Director of Tencent Holdings Limited, Non-executive Chairman of Naspers
 
c/o Tencent Holdings Limited, 29/F., Three Pacific Place, No. 1 Queen’s Road East, Wanchai, Hong Kong
 
Republic of South Africa
Li Dong Sheng
 
Independent Non-executive Director of Tencent Holdings Limited, Chairman and Chief Executive Officer of TCL Corporation, Chairman of TCL Multimedia Technology Holdings Limited, Chairman of TCL Communication Technology Holdings Limited
 
c/o Tencent Holdings Limited, 29/F., Three Pacific Place, No. 1 Queen’s Road East, Wanchai, Hong Kong
 
People’s Republic of China
Iain Ferguson Bruce
 
Independent Non-executive Director of Tencent Holdings Limited
 
c/o Tencent Holdings Limited, 29/F., Three Pacific Place, No. 1 Queen’s Road East, Wanchai, Hong Kong
 
People’s Republic of China (Hong Kong SAR)
Ian Charles Stone
 
Independent Non-executive Director of Tencent Holdings Limited, Chief Executive Officer of Saudi Integrated Telecom Company, Director of Franco Development Ltd
 
c/o Tencent Holdings Limited, 29/F., Three Pacific Place, No. 1 Queen’s Road East, Wanchai, Hong Kong
 
People’s Republic of China (Hong Kong SAR)
 

The executive officers for Tencent Holdings Limited are as follows:
Name
 
Present Principal Employment
 
Business Address
 
Citizenship
Ma Huateng
 
Executive Director, Chairman of the Board, Chief Executive Officer
 
c/o Tencent Holdings Limited, 29/F., Three Pacific Place, No. 1 Queen’s Road East, Wanchai, Hong Kong
 
People’s Republic of China
Lau Chi Ping Martin
 
Executive Director, President
 
c/o Tencent Holdings Limited, 29/F., Three Pacific Place, No. 1 Queen’s Road East, Wanchai, Hong Kong
 
People’s Republic of China (Hong Kong SAR)
David A.M. Wallerstein
 
Chief eXploration Officer, Senior Executive Vice President
 
c/o Tencent Holdings Limited, 29/F., Three Pacific Place, No. 1 Queen’s Road East, Wanchai, Hong Kong
 
United States of America
Xu Chenye
 
Chief Information Officer
 
c/o Tencent Holdings Limited, 29/F., Three Pacific Place, No. 1 Queen’s Road East, Wanchai, Hong Kong
 
People’s Republic of China
Ren Yuxin
 
Chief Operating Officer, President of Interactive Entertainment Group and Mobile Internet Group
 
c/o Tencent Holdings Limited, 29/F., Three Pacific Place, No. 1 Queen’s Road East, Wanchai, Hong Kong
 
People’s Republic of China
James Gordon Mitchell
 
Chief Strategy Officer, Senior Executive Vice President
 
c/o Tencent Holdings Limited, 29/F., Three Pacific Place, No. 1 Queen’s Road East, Wanchai, Hong Kong
 
United Kingdom of Great Britain and Northern Ireland
John Shek Hon Lo
 
Chief Financial Officer, Senior Vice President
 
c/o Tencent Holdings Limited, 29/F., Three Pacific Place, No. 1 Queen’s Road East, Wanchai, Hong Kong
 
People’s Republic of China (Hong Kong SAR)
THL
The directors for THL E Limited are as follows:
Name
 
Present Principal Employment
 
Business Address
 
Citizenship
Ma Huateng
 
Director
 
c/o Tencent Holdings Limited, 29/F., Three Pacific Place, No. 1 Queen’s Road East, Wanchai, Hong Kong
 
People’s Republic of China
Charles St Leger Searle
 
Director
 
c/o Tencent Holdings Limited, 29/F., Three Pacific Place, No. 1 Queen’s Road East, Wanchai, Hong Kong
 
Republic of South Africa
THL E Limited does not have any executive officers