Sec Form 13G Filing - OpenView Management LLC filing for Instructure Holdings, Inc. (INST) - 2018-01-31

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>

 

 

UNITED STATES

 

 

SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 

 

SCHEDULE 13G/A

 

Under the Securities Exchange Act of 1934
(Amendment No. 2)*

 

 

INSTRUCTURE, INC.

(Name of Issuer)

Common Stock, $0.0001 par value

(Title of Class of Securities)

45781U103

(CUSIP Number)

December 31, 2017

Date of Event Which Requires Filing of the Statement

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o

Rule 13d-1(b)

o

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).

 


 

CUSIP No. 45781U103

SC 13G/A

Page 2 of 12 Pages

 

 

1.

Name of Reporting Person
OpenView Management, LLC

 

 

2.

Check the Appropriate Box if a Member of a Group

 

 

(a)

o

 

 

(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
0

 

6.

Shared Voting Power
0 (1)

 

7.

Sole Dispositive Power
0

 

8.

Shared Dispositive Power
0 (1)

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
0 (1)

 

 

10.

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
0.0%

 

 

12.

Type of Reporting Person
OO

 

(1)                               The Funds (as defined below) beneficially own 0 shares of the Issuer’s Common Stock.  However, OpenView Management, LLC and Scott M. Maxwell (“Mr. Maxwell”) own a limited number of shares which represent less than 1% of the Issuer’s Common Stock in the aggregate.

 


 

CUSIP No. 45781U103

SC 13G/A

Page 3 of 12 Pages

 

 

1.

Name of Reporting Person
Scott M. Maxwell

 

 

2.

Check the Appropriate Box if a Member of a Group

 

 

(a)

o

 

 

(b)

x

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
United States of America

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
0

 

6.

Shared Voting Power
0 (1)

 

7.

Sole Dispositive Power
0

 

8.

Shared Dispositive Power
0 (1)

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
0 (1)

 

 

10.

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
0.0%

 

 

12.

Type of Reporting Person
IN

 

(1)                               The Funds (as defined below) beneficially own 0 shares of the Issuer’s Common Stock.  However, Mr. Maxwell and OpenView Management, LLC own a limited number of shares which represent less than 1% of the Issuer’s Common Stock in the aggregate.

 


 

CUSIP No. 45781U103

SC 13G/A

Page 4 of 12 Pages

 

 

1.

Name of Reporting Person
OpenView Affiliates Fund II, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group

 

 

(a)

o

 

 

(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
0

 

6.

Shared Voting Power
0

 

7.

Sole Dispositive Power
0

 

8.

Shared Dispositive Power
0

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
0

 

 

10.

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
0.0%

 

 

12.

Type of Reporting Person
PN

 


 

CUSIP No. 45781U103

SC 13G/A

Page 5 of 12 Pages

 

 

1.

Name of Reporting Person
OpenView Affiliates Fund, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group

 

 

(a)

o

 

 

(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
0

 

6.

Shared Voting Power
0

 

7.

Sole Dispositive Power
0

 

8.

Shared Dispositive Power
0

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
0

 

 

10.

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
0.0%

 

 

12.

Type of Reporting Person
PN

 


 

CUSIP No. 45781U103

SC 13G/A

Page 6 of 12 Pages

 

 

1.

Name of Reporting Person
OpenView Venture Partners II, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group

 

 

(a)

o

 

 

(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
0

 

6.

Shared Voting Power
0

 

7.

Sole Dispositive Power
0

 

8.

Shared Dispositive Power
0

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
0

 

 

10.

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
0.0%

 

 

12.

Type of Reporting Person
PN

 


 

CUSIP No. 45781U103

SC 13G/A

Page 7 of 12 Pages

 

 

1.

Name of Reporting Person
OpenView Venture Partners, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group

 

 

(a)

o

 

 

(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
0

 

6.

Shared Voting Power
0

 

7.

Sole Dispositive Power
0

 

8.

Shared Dispositive Power
0

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
0

 

 

10.

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
0.0%

 

 

12.

Type of Reporting Person
PN

 


 

CUSIP No. 45781U103

SC 13G/A

Page 8 of 12 Pages

 

Item 1(a)

 

Name of Issuer
Instructure, Inc.

Item 1(b)

 

Address of Issuer’s Principal Executive Offices
6330 South 3000 East, Suite 700

Salt Lake City, UT 84121

 

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 OpenView Affiliates Fund II, L.P. (“OAF II LP”), OpenView Affiliates Fund, L.P. (“OAF LP”), OpenView Venture Partners II, L.P. (“OVP II LP”) and OpenView Venture Partners, L.P. (“OVP LP” and, collectively, the “Funds”).

 

(a)                               OpenView Management, LLC (“OVM LLC”), which is the general partner of OpenView General Partner II, L.P. (“OGP II LP”), which is the general partner of OAF II LP and OVP II LP.  OVM LLC is also the general partner of OpenView General Partner, L.P. (“OGP LP”), which is the general partner of OAF LP and OVP LP.

(b)                               Scott M. Maxwell is the sole manager of OVM LLC.  Mr. Maxwell and OVM, LLC own a limited number of shares which represent less than 1% of the Issuer’s Common Stock in the aggregate.

(c)                                OAF II LP, which directly owns 0 shares.

(d)                               OAF LP, which directly owns 0 shares.

(e)                                OVP II LP, which directly owns 0 shares.

(f)                                 OVP LP, which directly owns 0 shares.

 

OVM LLC, Scott M. Maxwell and the Funds are sometimes individually referred to herein as a “Reporting Person” and collectively as the “Reporting Persons.”

Item 2(b)

 

Address of Principal Business Office
303 Congress Street, 7th Floor

Boston, MA 02210

Item 2(c)

 

Citizenship

 

 

OVM LLC

Delaware

 

 

Scott M. Maxwell

United States of America

 

 

OAF II LP

Delaware

 

 

OAF LP

Delaware

 

 

OVP II LP

Delaware

 

 

OVP LP

Delaware

Item 2(d)

 

Title of Class of Securities
Common Stock, $0.0001 par value

Item 2(e)

 

CUSIP Number
45781U103

 

Item 3

If this statement is filed pursuant to §§240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a:

 

Not applicable.

 


 

CUSIP No. 45781U103

SC 13G/A

Page 9 of 12 Pages

 

Item 4

Ownership

 

For OVM LLC:

 

(a)

Amount beneficially owned:   

0 shares of Common Stock (1)

 

(b)

Percent of class:   

0.0%

 

(c)

Number of shares as to which such person has:

 

 

 

(i)

Sole power to vote or to direct the vote:   

0

 

 

(ii)

Shared power to vote or to direct the vote:    

0 (1)

 

 

(iii)

Sole power to dispose or to direct the disposition of:   

0

 

 

(iv)

Shared power to dispose or to direct the disposition of:   

0 (1)

 

(1)                                 The Funds beneficially own 0 shares of the Issuer’s Common Stock.  However, OVM, LLC and Mr. Maxwell own a limited number of shares which represent less than 1% of the Issuer’s Common Stock in the aggregate.

 

 

For Scott M. Maxwell:

 

(a)

Amount beneficially owned:   

 0 shares of Common Stock (1)

 

(b)

Percent of class:   

0.0%

 

(c)

Number of shares as to which such person has:

 

 

 

(i)

Sole power to vote or to direct the vote:   

0

 

 

(ii)

Shared power to vote or to direct the vote:    

0 (1)

 

 

(iii)

Sole power to dispose or to direct the disposition of:   

0

 

 

(iv)

Shared power to dispose or to direct the disposition of:   

0 (1)

 

(1)                                 The Funds beneficially own 0 shares of the Issuer’s Common Stock.  However, Mr. Maxwell and OVM, LLC own a limited number of shares which represent less than 1% of the Issuer’s Common Stock in the aggregate.

 

 

For OAF II LP:

 

(a)

Amount beneficially owned:   

0 shares of Common Stock

 

(b)

Percent of class:   

0.0%

 

(c)

Number of shares as to which such person has:

 

 

 

(i)

Sole power to vote or to direct the vote:   

0

 

 

(ii)

Shared power to vote or to direct the vote:    

0

 

 

(iii)

Sole power to dispose or to direct the disposition of:   

0

 

 

(iv)

Shared power to dispose or to direct the disposition of:   

0

 

 

For OAF LP:

 

(a)

Amount beneficially owned:   

0 shares of Common Stock

 

(b)

Percent of class:   

0.0%

 

(c)

Number of shares as to which such person has:

 

 

 

(i)

Sole power to vote or to direct the vote:   

0

 

 

(ii)

Shared power to vote or to direct the vote:    

0

 

 

(iii)

Sole power to dispose or to direct the disposition of:   

0

 

 

(iv)

Shared power to dispose or to direct the disposition of:   

0

 

 

For OVP II LP:

 

(a)

Amount beneficially owned:   

0 shares of Common Stock

 

(b)

Percent of class:   

0.0%

 


 

CUSIP No. 45781U103

SC 13G/A

Page 10 of 12 Pages

 

 

(c)

Number of shares as to which such person has:

 

 

 

(i)

Sole power to vote or to direct the vote:   

0

 

 

(ii)

Shared power to vote or to direct the vote:    

0

 

 

(iii)

Sole power to dispose or to direct the disposition of:   

0

 

 

(iv)

Shared power to dispose or to direct the disposition of:   

0

 

 

For OVP LP:

 

(a)

Amount beneficially owned:   

0 shares of Common Stock

 

(b)

Percent of class:   

 0.0%

 

(c)

Number of shares as to which such person has:

 

 

 

(i)

Sole power to vote or to direct the vote:   

0

 

 

(ii)

Shared power to vote or to direct the vote:    

0

 

 

(iii)

Sole power to dispose or to direct the disposition of:   

0

 

 

(iv)

Shared power to dispose or to direct the disposition of:   

0

 

 

Item 5

Ownership of Five Percent or Less of a Class

 

If this statement is being filed to report the fact that as of the date hereof the reporting persons have ceased to be the beneficial owner of more than five percent of the class of securities, check the following.  x

 

Item 6

Ownership of More than Five Percent on Behalf of Another Person

 

Not applicable.

 

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.

 


 

CUSIP No. 45781U103

SC 13G/A

Page 11 of 12 Pages

 

Item 10

Certification

 

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influenci ng the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.

 

DATED: January 31, 2018

 

 

OPENVIEW MANAGEMENT, LLC

 

 

 

/s/ Rufus C. King

 

Rufus C. King, Attorney-in-Fact

 

 

 

SCOTT M. MAXWELL

 

 

 

/s/ Rufus C. King

 

By: Rufus C. King, Attorney-in-Fact

 

 

 

OPENVIEW AFFILIATES FUND II, L.P.

 

 

 

By: OpenView General Partner II, L.P., general partner

 

By: OpenView Management, LLC, general partner

 

 

 

/s/ Rufus C. King

 

Rufus C. King, Attorney-in-Fact

 

 

 

 

 

OPENVIEW AFFILIATES FUND, L.P.

 

 

 

By: OpenView General Partner, L.P., general partner

 

By: OpenView Management, LLC, general partner

 

 

 

/s/ Rufus C. King

 

Rufus C. King, Attorney-in-Fact

 

 

 

 

 

OPENVIEW VENTURE PARTNERS, L.P.

 

 

 

By: OpenView General Partner, L.P., general partner

 

By: OpenView Management, LLC, general partner

 

 

 

/s/ Rufus C. King

 

Rufus C. King, Attorney-in-Fact

 

 

 

 

 

OPENVIEW VENTURE PARTNERS II, L.P.

 

 

 

By: OpenView General Partner II, L.P., general partner

 

By: OpenView Management, LLC, general partner

 

 

 

/s/ Rufus C. King

 

Rufus C. King, Attorney-in-Fact