Sec Form 13G Filing - ACE Ltd filing for CHEGG INC (CHGG) - 2015-04-13

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

 

SCHEDULE 13G

 

(Rule 13d-102)

 

Under the Securities Exchange Act of 1934

 

(Amendment No. 1)*

 

 

CHEGG, INC.

(Name of Issuer)

 

 

Common Stock

(Title of Class of Securities)

 

 

163092 109

(CUSIP Number)

 

 

April 10, 2015

(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)

 

x Rule 13d-1(c)

 

¨ 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 the disclosures provided in a prior cover page.

 

The information required in 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.  163092 109
1. Names of Reporting Persons   Ace Limited
2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b)
3. SEC Use Only
4. Citizenship or Place of Organization   Cayman Islands
Number of Shares Beneficially Owned by Each Reporting Person with	5. Sole Voting Power   0
	6. Shared Voting Power   2,575,144
	7. Sole Dispositive Power   0
	8. Shared Dispositive Power   2,575,144
9. Aggregate Amount Beneficially Owned by each Reporting Person   2,575,144
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
11. Percent of Class Represented by Amount in Row (9)   3.0%
12. Type of Reporting Person (See Instructions)     CO

 

 

Cusip No.  163092 109
1. Names of Reporting Persons   Ace Holdings Management Limited
2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b)
3. SEC Use Only
4. Citizenship or Place of Organization   British Virgin Islands
Number of Shares Beneficially Owned by Each Reporting Person with	5. Sole Voting Power   0
	6. Shared Voting Power   2,575,144
	7. Sole Dispositive Power   0
	8. Shared Dispositive Power   2,575,144
9. Aggregate Amount Beneficially Owned by each Reporting Person   2,575,144
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
11. Percent of Class Represented by Amount in Row (9)   3.0%
12. Type of Reporting Person (See Instructions)     CO

 

 

Cusip No.  163092 109
1. Names of Reporting Persons   Richard Li Tzar Kai
2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b)
3. SEC Use Only
4. Citizenship or Place of Organization   Canada
Number of Shares Beneficially Owned by Each Reporting Person with	5. Sole Voting Power   0
	6. Shared Voting Power   2,575,144
	7. Sole Dispositive Power   0
	8. Shared Dispositive Power   2,575,144
9. Aggregate Amount Beneficially Owned by each Reporting Person   2,575,144
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
11. Percent of Class Represented by Amount in Row (9)   3.0%
12. Type of Reporting Person (See Instructions)     IN

 

 

Item 1(a). Name of Issuer:

 

Chegg, Inc.

 

Item 1(b). Address of Issuer's Principal Executive Offices:

 

3990 Freedom Circle

Santa Clara

California 95054

 

Item 2(a). Name of Person Filing:

 

Ace Limited

Ace Holdings Management Limited

Richard Li Tzar Kai

 

Item 2(b). Address of Principal Business Office, or if none, Residence:

 

The address of the principal business office of Ace Limited is c/o Intertrust Corporate Services (Cayman) Limited, 190 Elgin Avenue, George Town, Grand Cayman KY1-9005, Cayman Islands. The address of the principal business office of Ace Holdings Management Limited is 171 Main Street, Road Town, Tortola VG 1110, British Virgin Islands. The address of the principal business office of Richard Li Tzar Kai is c/o Davis & Gilbert LLP, 1740 Broadway, New York, NY 10019.

 

 

Item 2(c). Citizenship:

 

Ace Limited is a Cayman Islands corporation.

Ace Holdings Management Limited is a British Virgin Islands corporation.

Richard Li Tzar Kai is a citizen of Canada.

 

 

Item 2(d). Title of Class of Securities:

 

Common Stock

 

 

Item 2(e). CUSIP Number:

 

163092 109

 

 

 

Item 3. If this statement is filed pursuant to Rule 13d-1(b) or Rule 13d-2(b) or (c), check whether the person filing is a:

  

(a) ¨ Broker or dealer registered under section 15 of the Act;

 

(b) ¨ Bank as defined in section 3(a)(6) of the Act;

 

(c) ¨ Insurance company as defined in section 3(a)(19) of the Act;

 

(d) ¨ Investment company registered under section 8 of the Investment Company Act of 1940;

 

(e) ¨ An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);

 

(f) ¨ An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);

 

(g) ¨ A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);

 

(h) ¨ A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act;

 

(i) ¨ A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940;

 

(j) ¨ A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J);

 

(k) ¨ Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

 

If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution: ____________

 

 

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.

 

(a) Amount beneficially owned:

 

As of the date of this filing, Ace Limited is deemed to beneficially own an aggregate of 2,575,144 shares of Common Stock of the Issuer (the “Ace Shares”). By virtue of Ace Limited’s direct ownership of the Ace Shares and Ace Holdings Management Limited’s ownership and control of Ace Limited, Ace Holdings Management Limited may be deemed to have shared power to vote and dispose or direct the vote and direct the disposition of the Ace Shares. By virtue of his ownership of Ace Holdings Management Limited, Richard Li Tzar Kai may be deemed to have shared power to vote the Ace Shares. Each of Ace Holdings Management Limited and Richard Li Tzar Kai disclaims beneficial ownership of the Ace Shares.

 

( b) Percent of class: 3.0%.

 

(c) Number of shares as to which such person has:

 

(i)	Sole power to vote or to direct the vote:
	Ace Limited	0
	Ace Holdings Management Limited	0
	Richard Li Tzar Kai	0

 

 

(ii)	Shared power to vote or to direct the vote:
	Ace Limited	2,575,144
	Ace Holdings Management Limited	2,575,144
	Richard Li Tzar Kai	2,575,144

 

(iii)	Sole power to dispose or to direct the disposition of:
	Ace Limited	0
	Ace Holdings Management Limited	0
	Richard Li Tzar Kai	0

 

(iv)	Shared power to dispose or to direct the disposition of:
	Ace Limited	2,575,144
	Ace Holdings Management Limited	2,575,144
	Richard Li Tzar Kai	2,575,144

 

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 person has 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 or Control Person.

 

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. Certifications.

 

(a) Not applicable

 

(b) Not applicable

 

(c) 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 influencing 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, I certify that the information set forth in this statement is true, complete and correct.

 

 

Dated: April 13, 2015	ACE LIMITED
	By: /s/ Lim Beng Jin
	Name:  Lim Beng Jin
	Title: Director
	ACE HOLDINGS MANAGEMENT LIMITED
	By: /s/ Lim Beng Jin
	Name:  Lim Beng Jin
	Title: Director
	/s/ Richard Li Tzar Kai
	Richard Li Tzar Kai

 

 

 

 

Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties for whom copies are to be sent.

 

Attention: Intentional misstatements or omissions of fact constitute federal criminal violations (see 18 U.S.C. 1001).