SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1 (b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2 (b)
(Amendment No. __)*
Proofpoint, Inc. |
(Name of Issuer) |
Common Stock |
(Title of Class of Securities) |
743424103 |
(CUSIP Number) |
December 31, 2012 |
(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 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 (“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).
(Continued on following pages)
Page 1 of 16 Pages
Exhibit Index Contained on Page 15
CUSIP NO. 743424103 | 13 G | Page 2 of 16 |
1 |
NAME OF REPORTING PERSON Benchmark Capital Partners IV, L.P. (“BCP IV”) |
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ¨ (b) x
|
3 |
SEC USE ONLY |
4 |
CITIZENSHIP OR PLACE OF ORGANIZATION |
NUMBER OF |
5 |
SOLE VOTING POWER
|
6 |
SHARED VOTING POWER | |
7 |
SOLE DISPOSITIVE POWER | |
8 |
SHARED DISPOSITIVE POWER |
9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH |
2,745,136 |
10 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) |
¨ |
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 |
8.6% |
12 | TYPE
OF REPORTING PERSON |
PN |
CUSIP NO. 743424103 | 13 G | Page 3 of 16 |
1 |
NAME OF REPORTING PERSON Benchmark Founders’ Fund IV, L.P. (“BFF IV”) |
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ¨ (b) x
|
3 |
SEC USE ONLY |
4 |
CITIZENSHIP OR PLACE OF ORGANIZATION |
NUMBER OF |
5 | SOLE VOTING POWER 786,756 shares, except that BCMC IV, the general partner of BFF IV, may be deemed to have sole power to vote these shares, and Dunlevie, Gurley, Harvey, Kagle and Spurlock, the members of BCMC IV, may be deemed to have shared power to vote these shares. |
6 |
SHARED VOTING POWER | |
7 |
SOLE DISPOSITIVE POWER | |
8 |
SHARED DISPOSITIVE POWER |
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
786,756 |
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |
¨ |
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW
9 |
2.5%
|
12 | TYPE
OF REPORTING PERSON |
PN |
CUSIP NO. 743424103 | 13 G | Page 4 of 16 |
1 |
NAME OF REPORTING PERSON Benchmark Founders’ Fund IV-A, L.P. (“BFF IV-A”) |
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ¨ (b) x
|
3 |
SEC USE ONLY |
4 |
CITIZENSHIP OR PLACE OF ORGANIZATION |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 | SOLE VOTING POWER 102,672 shares, except that BCMC IV, the general partner of BFF IV-A, may be deemed to have sole power to vote these shares, and Dunlevie, Gurley, Harvey, Kagle and Spurlock, the members of BCMC IV, may be deemed to have shared power to vote these shares. |
6 |
SHARED VOTING POWER | |
7 |
SOLE DISPOSITIVE POWER | |
8 |
SHARED DISPOSITIVE POWER |
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
102,672 |
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |
¨ |
11 | PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9 |
0.3% |
12 | TYPE
OF REPORTING PERSON |
PN |
CUSIP NO. 743424103 | 13 G | Page 5 of 16 |
1 |
NAME OF REPORTING PERSON Benchmark Founders’ Fund IV-B, L.P. (“BFF IV-B”) |
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ¨ (b) x
|
3 |
SEC USE ONLY |
4 |
CITIZENSHIP OR PLACE OF ORGANIZATION |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 | SOLE VOTING POWER 30,562 shares, except that BCMC IV, the general partner of BFF IV-B, may be deemed to have sole power to vote these shares, and Dunlevie, Gurley, Harvey, Kagle and Spurlock, the members of BCMC IV, may be deemed to have shared power to vote these shares. |
6 |
SHARED VOTING POWER | |
7 |
SOLE DISPOSITIVE POWER | |
8 |
SHARED DISPOSITIVE POWER |
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
30,562 |
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |
¨ |
11 | PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9 |
0.1% |
12 | TYPE
OF REPORTING PERSON |
PN |
CUSIP NO. 743424103 | 13 G | Page 6 of 16 |
1 |
NAME OF REPORTING PERSON Benchmark Capital Management Co. IV, L.L.C. |
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ¨ (b) x
|
3 |
SEC USE ONLY |
4 |
CITIZENSHIP OR PLACE OF ORGANIZATION |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 |
SOLE VOTING POWER
|
6 |
SHARED VOTING POWER | |
7 |
SOLE DISPOSITIVE POWER | |
8 |
SHARED DISPOSITIVE POWER |
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
4,260,650 |
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |
¨ |
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 |
13.4% |
12 | TYPE OF REPORTING PERSON |
OO |
CUSIP NO. 743424103 | 13 G | Page 7 of 16 |
1 |
NAME OF REPORTING PERSON Bruce W. Dunlevie |
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ¨ (b) x
|
3 |
SEC USE ONLY |
4 |
CITIZENSHIP OR PLACE OF ORGANIZATION |
NUMBER OF |
5 |
SOLE VOTING POWER |
BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
6 |
SHARED VOTING POWER
|
7 |
SOLE DISPOSITIVE POWER | |
8 |
SHARED DISPOSITIVE POWER |
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
4,260,650 |
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |
¨ |
11 | PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9 |
13.4% |
12 | TYPE
OF REPORTING PERSON |
IN |
CUSIP NO. 743424103 | 13 G | Page 8 of 16 |
1 |
NAME OF REPORTING PERSON J. William Gurley |
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ¨ (b) x
|
3 |
SEC USE ONLY |
4 |
CITIZENSHIP OR PLACE OF ORGANIZATION |
NUMBER OF |
5 |
SOLE VOTING POWER |
BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
6 |
SHARED VOTING POWER
|
7 |
SOLE DISPOSITIVE POWER | |
8 |
SHARED DISPOSITIVE POWER |
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
4,260,650 |
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |
¨ |
11 | PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9 |
13.4% |
12 | TYPE
OF REPORTING PERSON |
IN |
CUSIP NO. 743424103 | 13 G | Page 9 of 16 |
1 |
NAME OF REPORTING PERSON Kevin R. Harvey |
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ¨ (b) x
|
3 |
SEC USE ONLY |
4 |
CITIZENSHIP OR PLACE OF ORGANIZATION |
NUMBER OF |
5 | SOLE VOTING POWER 0 shares |
BENEFICIALLY REPORTING |
6 |
SHARED VOTING POWER
|
7 |
SOLE DISPOSITIVE POWER | |
8 |
SHARED DISPOSITIVE POWER |
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
4,260,650 |
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |
¨ |
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 |
13.4% |
12 | TYPE
OF REPORTING PERSON |
IN |
CUSIP NO. 743424103 | 13 G | Page 10 of 16 |
1 |
NAME OF REPORTING PERSON Robert C. Kagle |
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ¨ (b) x
|
3 |
SEC USE ONLY |
4 |
CITIZENSHIP OR PLACE OF ORGANIZATION |
NUMBER OF |
5 | SOLE VOTING POWER 0 shares |
BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
6 |
SHARED VOTING POWER
|
7 |
SOLE DISPOSITIVE POWER | |
8 |
SHARED DISPOSITIVE POWER |
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
4,260,650 |
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |
¨ |
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 |
13.4% |
12 | TYPE
OF REPORTING PERSON |
IN |
CUSIP NO. 743424103 | 13 G | Page 11 of 16 |
1 |
NAME OF REPORTING PERSON Steven M. Spurlock |
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ¨ (b) x
|
3 |
SEC USE ONLY |
4 |
CITIZENSHIP OR PLACE OF ORGANIZATION |
NUMBER OF |
5 |
SOLE VOTING POWER |
BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
6 |
SHARED VOTING POWER
|
7 |
SOLE DISPOSITIVE POWER | |
8 |
SHARED DISPOSITIVE POWER |
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
4,260,650 |
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |
¨ |
11 | PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9 |
13.4% |
12 | TYPE
OF REPORTING PERSON |
IN |
CUSIP NO. 743424103 | 13 G | Page 12 of 16 |
ITEM 1(A). | NAME OF ISSUER |
Proofpoint, Inc. | |
ITEM 1(B). | ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES |
892 Ross Drive | |
Sunnyvale, CA 94089 | |
ITEM 2(A). | NAME OF PERSONS FILING |
This Statement is filed by Benchmark Capital Partners IV, L.P., a Delaware limited partnership (“BCP IV”), Benchmark Founders’ Fund IV, L.P., a Delaware limited partnership (“BFF IV”), Benchmark Founders’ Fund IV-A, L.P., a Delaware limited partnership (“BFF IV-A”), Benchmark Founders’ Fund IV-B, L.P., a Delaware limited partnership (“BFF IV-B”), Benchmark Capital Management Co. IV, L.L.C., a Delaware limited liability company (“BCMC IV”), and Bruce W. Dunlevie (“Dunlevie”), J. William Gurley (“Gurley”), Kevin R. Harvey (“Harvey”), Robert C. Kagle (“Kagle”), and Steven M. Spurlock (“Spurlock”). The foregoing entities and individuals are collectively referred to as the “Reporting Persons.” | |
BCMC IV, the general partner of BCP IV, BFF IV, BFF IV-A and BFF IV-B, may be deemed to have sole power to vote and sole power to dispose of shares of the issuer directly owned by BCP IV, BFF IV, BFF IV-A and BFF IV-B. Dunlevie, Gurley, Harvey, Kagle, and Spurlock are members of BCMC IV and may be deemed to have shared power to vote and shared power to dispose of shares of the issuer directly owned by BCP IV, BFF IV, BFF IV-A and BFF IV-B. | |
ITEM 2(B). | ADDRESS OF PRINCIPAL OFFICE |
The address for each of the Reporting Persons is: | |
Benchmark Capital | |
2480 Sand Hill Road, Suite 200 | |
Menlo Park, California 94025 | |
ITEM 2(C) | CITIZENSHIP |
BCP IV, BFF IV, BFF IV-A and BFF IV-B are Delaware limited partnerships. BCMC IV is a Delaware limited liability company. Dunlevie, Gurley, Harvey, Kagle, and Spurlock are United States citizens. |
ITEM 2(D) AND (E). | TITLE OF CLASS OF SECURITIES AND CUSIP NUMBER |
Common Stock | |
CUSIP # 743424103 | |
ITEM 3. | Not Applicable. |
ITEM 4. | OWNERSHIP |
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. |
CUSIP NO. 743424103 | 13 G | Page 13 of 16 |
(a) | Amount beneficially owned: | |
See Row 9 of cover page for each Reporting Person. | ||
(b) | Percent of Class: | |
See Row 11 of cover page for each Reporting Person. | ||
(c) | Number of shares as to which such person has: |
(i) | Sole power to vote or to direct the vote: | |
See Row 5 of cover page for each Reporting Person. | ||
(ii) | Shared power to vote or to direct the vote: | |
See Row 6 of cover page for each Reporting Person. | ||
(iii) | Sole power to dispose or to direct the disposition of: | |
See Row 7 of cover page for each Reporting Person. | ||
(iv) | Shared power to dispose or to direct the disposition of: | |
See Row 8 of cover page for each Reporting Person. |
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. |
Under certain circumstances set forth in the limited partnership agreements of BCP IV, BFF IV, BFF IV-A and BFF IV-B, and the limited liability company agreement of BCMC IV, the general and limited partners or members, as the case may be, of each of such entities may be deemed to have the right to receive dividends from, or the proceeds from, the sale of shares of the issuer owned by each such entity of which they are a partner. | |
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. 743424103 | 13 G | Page 14 of 16 |
SIGNATURES
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 13, 2013
BENCHMARK CAPITAL PARTNERS IV, L.P., a Delaware Limited Partnership | |
BENCHMARK FOUNDERS’ FUND IV, L.P., a Delaware Limited Partnership | |
BENCHMARK FOUNDERS’ FUND IV-A, L.P., a Delaware Limited Partnership | |
BENCHMARK FOUNDERS’ FUND IV-B, L.P., a Delaware Limited Partnership | |
BENCHMARK CAPITAL MANAGEMENT CO. IV, L.L.C., a Delaware Limited Liability Company |
By: | /s/ Steven M. Spurlock | |
Steven M. Spurlock | ||
Managing Member |
BRUCE W. DUNLEVIE | |
J. WILLIAM GURLEY | |
KEVIN R. HARVEY | |
ROBERT C. KAGLE | |
STEVEN M. SPURLOCK |
By: | /s/ Steven M. Spurlock | |
Steven M. Spurlock | ||
Attorney-in-Fact* |
*Signed pursuant to a Power of Attorney already on file with the appropriate agencies.
CUSIP NO. 743424103 | 13 G | Page 15 of 16 |
EXHIBIT INDEX
Found on Sequentially | ||
Exhibit | Numbered Page | |
Exhibit A: Agreement of Joint Filing | 16 |
CUSIP NO. 743424103 | 13 G | Page 16 of 16 |
exhibit A
Agreement of Joint Filing
The undersigned hereby agree that a single Schedule 13G (or any amendment thereto) relating to the Ordinary Shares of Proofpoint, Inc. shall be filed on behalf of each of the undersigned and that this Agreement shall be filed as an exhibit to such Schedule 13G.
Date: February 13, 2013
BENCHMARK CAPITAL PARTNERS IV, L.P., a Delaware Limited Partnership | |
BENCHMARK FOUNDERS’ FUND IV, L.P., a Delaware Limited Partnership | |
BENCHMARK FOUNDERS’ FUND IV-A, L.P., a Delaware Limited Partnership | |
BENCHMARK FOUNDERS’ FUND IV-B, L.P., a Delaware Limited Partnership | |
BENCHMARK CAPITAL MANAGEMENT CO. IV, L.L.C., a Delaware Limited Liability Company |
By: | /s/ Steven M. Spurlock | |
Steven M. Spurlock | ||
Managing Member |
BRUCE W. DUNLEVIE | |
J. WILLIAM GURLEY | |
KEVIN R. HARVEY | |
ROBERT C. KAGLE | |
STEVEN M. SPURLOCK |
By: | /s/ Steven M. Spurlock | |
Steven M. Spurlock | ||
Attorney-in-Fact* |
*Signed pursuant to a Power of Attorney already on file with the appropriate agencies.