-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CJr1zQKGT7NpPnuNE7Mp86MJAdghmTXAUIt5LHe9QQM127HDD/LWxRHaIN701Cm8 KJDi7qV6bz7hGcVJiDs0xg== 0000891618-98-005220.txt : 19981208 0000891618-98-005220.hdr.sgml : 19981208 ACCESSION NUMBER: 0000891618-98-005220 CONFORMED SUBMISSION TYPE: S-8 PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 19981207 EFFECTIVENESS DATE: 19981207 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VANTIVE CORP CENTRAL INDEX KEY: 0000947549 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 770266662 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: S-8 SEC ACT: SEC FILE NUMBER: 333-68449 FILM NUMBER: 98764582 BUSINESS ADDRESS: STREET 1: 2455 AUGUSTINE DR CITY: SANTA CLARA STATE: CA ZIP: 95054 BUSINESS PHONE: 4083674661 MAIL ADDRESS: STREET 1: 2455 AUGUSTINE DR CITY: SANTA CLARA STATE: CA ZIP: 95054 S-8 1 FORM S-8 1 Registration No. ___________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-8 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 -------------------------- THE VANTIVE CORPORATION ------------------------------------------------------------------ (Exact name of registrant as specified in its charter) Delaware 77-0266662 - ------------------------------- ------------------------------------ (State or other jurisdiction of (I.R.S. employer identification no.) incorporation or organization)
2455 Augustine Drive Santa Clara, CA 95054 --------------------------------------------------- (Address of principal executive offices) (Zip code) THE VANTIVE CORPORATION 1997 NONSTATUTORY STOCK OPTION PLAN ------------------------------------------------------------------ (Full title of the plan) David Schellhase Vice President and General Counsel The Vantive Corporation 2455 Augustine Drive Santa Clara, CA 95054 --------------------------------------- (Name and address of agent for service) Telephone number, including area code, of agent for service: 408/982-5700 This registration statement shall hereafter become effective in accordance with Rule 462 promulgated under the Securities Act of 1933, as amended. 1 2
- ---------------------------------------------------------------------------------------------------- CALCULATION OF REGISTRATION FEE - ---------------------------------------------------------------------------------------------------- Proposed maximum Proposed maximum Amount of Title of securities Amount to be offering price aggregate registration to be registered(1) registered per share(2) offering price(2) fee - ---------------------------------------------------------------------------------------------------- 1997 Nonstatutory Stock Option Plan Common Stock 1,200,000 $8.125 $9,750,000 $2,710.50 par value $0.001
PART II INFORMATION REQUIRED IN THE REGISTRATION STATEMENT Item 3. Incorporation of Documents by Reference The Vantive Corporation (the "Company") hereby incorporates by reference in this registration statement the following documents: (a) The Company's latest annual report on Form 10-K filed pursuant to Sections 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), containing audited financial statements for the Company's latest fiscal year ended December 31, 1997, as filed with the Commission. (b) All other reports filed pursuant to Section 13(a) or 15(d) of the Exchange Act since the end of the fiscal year covered by the registrant document referred to in (a) above. - -------- (1) The securities to be registered include options to acquire such Common Stock. (2) Estimated pursuant to Rule 457 solely for purposes of calculating the registration fee. The price for shares issuable under the 1997 Nonstatutory Stock Option Plan is based upon the average of the high and low prices of the Common Stock on December 3, 1998, as reported on the National Association of Securities Dealers Automated Quotations System. 2 3 (c) The description of the Company's Common Stock contained in the Company's Registration Statement on Form 8-A filed under the Exchange Act, including any amendment or report filed for the purpose of updating such description. All documents subsequently filed by the Company pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, prior to the filing of a post-effective amendment to this registration statement which indicates that all securities offered hereby have been sold or which deregisters all securities remaining unsold, shall be deemed to be incorporated by reference in this registration statement and to be a part hereof from the date of filing of such documents. Item 4. Description of Securities The class of securities to be offered is registered under Section 12 of the Exchange Act. Item 5. Interests of Named Experts and Counsel The validity of the shares of Common Stock to be offered hereunder has been passed upon for the Company by Gray Cary Ware & Freidenrich LLP ("GCWF"). As of December 4, 1998, certain attorneys of GCWF owned 9,057 shares of the Common Stock of the Company. Item 6. Indemnification of Directors and Officers Delaware law authorizes corporations to eliminate the personal liability of directors to corporations and their stockholders for monetary damages for breach or alleged breach of the directors' "duty of care." While the relevant statute does not change the directors' duty of care, it enables corporations to limit available relief to equitable remedies such as injunction or rescission. The statute has no effect on directors' duty of loyalty, acts or omissions not in good faith or involving intentional misconduct or knowing violations of law, illegal payment of dividends and approval of any transaction from which a director derives an improper personal benefit. The Company has adopted provisions in its Certificate of Incorporation which eliminate the personal liability of its directors to the Company and its stockholders for monetary damages for breach or alleged breach of their duty of care. The Bylaws of the Company provide for indemnification of its directors, officers, employees and agents to the full extent permitted by the General Corporation Law of the State of Delaware, the Company's state of incorporation, including those circumstances in which indemnification would otherwise be discretionary under Delaware Law. Section 145 of the General Corporation Law of the State of Delaware provides for indemnification in terms sufficiently broad to indemnify such individuals, under certain circumstances, for liabilities (including reimbursement of expenses incurred) arising under the Securities Act of 1933, as amended. Item 7. Exemption From Registration Claimed Inapplicable. 3 4 Item 8. Exhibits See Exhibit Index. Item 9. Undertakings (a) Rule 415 Offering The undersigned registrant hereby undertakes: (1) To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement: (i) To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933; (ii) To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement; (iii) To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement; provided, however, that paragraphs (a)(1)(i) and (a)(l)(ii) do not apply if the registration statement is on Form S-3 or Form S-8, and the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed by the registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in the registration statement. (2) That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. (3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering. (b) Filing incorporating subsequent Exchange Act documents by reference The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the registrant's annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan's annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in the registration statement shall be deemed to be a new 4 5 registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. (h) Request for acceleration of effective date or filing of registration statement on Form S-8 Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue. SIGNATURE Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Santa Clara, State of California, on December 4, 1998. The Vantive Corporation By: /s/ David Schellhase ---------------------------------- David Schellhase Vice President and General Counsel 5 6 SIGNATURES AND POWER OF ATTORNEY The officers and directors of The Vantive Corporation, whose signatures appear below, hereby constitute and appoint John R. Luongo, Leonard Le Blanc, and David Schellhase, and each of them, their true and lawful attorneys and agents, with full power of substitution, each with power to act alone, to sign and execute on behalf of the undersigned any amendment or amendments to this registration statement on Form S-8, and each of the undersigned does hereby ratify and confirm all that each of said attorney and agent, or their or his substitutes, shall do or cause to be done by virtue hereof. Pursuant to the requirements of the Securities Act of 1933, as amended, this registration statement has been signed by the following persons in the capacities indicated on December 4, 1998.
Signature Title - ---------------------------------------------------------------------------------- /s/ John R. Luongo President, Chief Executive Officer and Director - ------------------------------- (Principal Executive Officer) John R. Luongo /s/ Leonard Le Blanc Chief Financial Officer (Principal Financial - ------------------------------- Officer) Leonard Le Blanc /s/ Michael M. Loo Vice President, Finance (Principal Accounting - ------------------------------- Officer) Michael M. Loo /s/ William H. Davidow Director - ------------------------------- William H. Davidow /s/ Peter A. Roshko Director - ------------------------------- Peter A. Roshko /s/ Tom Thomas Director - ------------------------------- Tom Thomas /s/ Raymond L. Ocampo, Jr. Director - ------------------------------- Raymond L. Ocampo, Jr. /s/ Patti Manuel Director - ------------------------------- Patti Manuel /s/ John Luongo Director - ------------------------------- John Luongo
6 7 EXHIBIT INDEX 4.1 Restated Certificate of Incorporation of the Company, as filed with the Secretary of State of the State of Delaware on August 18, 1995, is incorporated by reference to Exhibit 4.1 to the Company's Registration Statement on Form S-8 filed with the Securities and Exchange Commission on September 26, 1997 (No. 333-36551) 4.2 Bylaws of the Company are incorporated by reference to Exhibit 3.2 to the Company's Registration Statement on Form S-1 filed with the Securities and Exchange Commission, declared effective on August 14, 1995 (No. 33-94244) 5 Opinion re legality 23.1 Consent of Counsel (included in Exhibit 5) 23.2 Consent of Arthur Andersen LLP 24 Power of Attorney (included in signature pages to this registration statement)
7 EX-5 2 OPINION RE LEGALITY 1 [LETTERHEAD OF GRAY CARY WARE & FREIDENRICH LLP] EXHIBIT 5 ATTORNEYS AT LAW 400 HAMILTON AVENUE PALO ALTO, CA 94301-1825 TEL (650) 328-6561 OUR FILE NO. FAX (650) 327-3699 1220392-903000 December 4, 1998 Securities and Exchange Commission 450 Fifth Street, N.W. Washington, D.C. 20549 Ladies and Gentlemen: As legal counsel for The Vantive Corporation, a Delaware corporation (the "Company"), we are rendering this opinion in connection with the registration under the Securities Act of 1933, as amended, of up to 1,200,000 shares of the Common Stock, $0.001 par value, of the Company ("Common Stock") which may be issued pursuant to the exercise of options granted under The Vantive Corporation 1997 Nonstatutory Stock Option Plan ( the "Plan"). We have examined all instruments, documents and records which we deemed relevant and necessary for the basis of our opinion hereinafter expressed. In such examination, we have assumed the genuineness of all signatures and the authenticity of all documents submitted to us as originals and the conformity to the originals of all documents submitted to us as copies. We are admitted to practice only in the State of California and we express no opinion concerning any law other than the law of the State of California, the corporation laws of the State of Delaware and the federal law of the United States. As to matters of Delaware corporation law, we have based our opinion solely upon our examination of such laws and the rules and regulations of the authorities administering such laws, all as reported in standard, unofficial compilations. We have not obtained opinions of counsel licensed to practice in jurisdictions other than the State of California. Based on such examination, we are of the opinion that the 1,200,000 shares of Common Stock which may be issued upon the exercise of options granted under the Plan are duly authorized shares of the Company's Common Stock, and, when issued against receipt of the consideration therefor in accordance with the provisions of the Plan, will be validly issued, fully paid and nonassessable. We hereby consent to the filing of this opinion as an exhibit to the Registration Statement referred to above and the use of our name wherever it appears in said Registration Statement. Respectfully submitted, /s/ GRAY CARY WARE & FREIDENRICH LLP ------------------------------------ GRAY CARY WARE & FREIDENRICH LLP 8 EX-23.2 3 CONSENT OF ARTHUR ANDERSON LLP 1 EXHIBIT 23.2 CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS As independent public accountants, we hereby consent to the incorporation by reference in this registration statement of our report dated January 21, 1998 included in The Vantive Corporation's Form 10-K for the year ended December 31, 1997 and to all references to our Firm included in this registration statement. /s/ ARTHUR ANDERSEN LLP ----------------------- Arthur Andersen LLP San Jose, California December 3, 1998 -----END PRIVACY-ENHANCED MESSAGE-----