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.
- Peter Lynch
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)*
Box Inc.
(Name of Issuer)
Class A Common Stock
(Title of Class of Securities)
10316T106
(CUSIP Number)
12/31/17
(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) |
| ☒ | 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. 10316T106 |
| 1. | Name of Reporting Persons I.R.S. Identification No(s). of above person(s) (entities only)
Scale Venture Partners III, LP 26-3770726 | |||||
| 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
Delaware | |||||
|
Number of Shares Beneficially Owned by Each Reporting Person With: |
5. | Sole Voting Power
2,212,362 (1) | ||||
| 6. | Shared Voting Power
0 | |||||
| 7. | Sole Dispositive Power
2,212,362 (1) | |||||
| 8. | Shared Dispositive Power
0 | |||||
| 9. |
Aggregate Amount Beneficially Owned by Each Reporting Person
2,212,362 (1) | |||||
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
| |||||
| 11. | Percent of Class Represented by Amount in Row (9)
1.80% (2) | |||||
| 12. | Type of Reporting Person (See Instructions)
PN | |||||
| (1) | Represents shares of Class B Common Stock held on December 31, 2017. Each share of Class B common stock is convertible at any time at the option of the holder into one share of Class A common stock. |
| (2) | This percentage set forth on the cover sheets is calculated based upon 120,976,520 shares of Class A Common Stock reported to be outstanding as of November 30, 2017 as set forth in the Issuer’s Form 10-Q for period ended October 31, 2017 as filed with the Securities and Exchange Commission (“SEC”) on December 8, 2017. Assumes the conversion of the Class B Common Stock held by the Reporting Person into Class A Common Stock. |
| CUSIP No. 10316T106 |
| 1. | Name of Reporting Persons I.R.S. Identification No(s). of above person(s) (entities only)
Scale Venture Management III, LLC 26-3770630 | |||||
| 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
Delaware | |||||
|
Number of Shares Beneficially Owned by Each Reporting Person With: |
5. | Sole Voting Power
2,212,362 (3) | ||||
| 6. | Shared Voting Power
0 | |||||
| 7. | Sole Dispositive Power
2,212,362 (3) | |||||
| 8. | Shared Dispositive Power
0 | |||||
| 9. |
Aggregate Amount Beneficially Owned by Each Reporting Person
2,212,362 (3) | |||||
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
| |||||
| 11. | Percent of Class Represented by Amount in Row (9)
1.80% (2) | |||||
| 12. | Type of Reporting Person (See Instructions)
CO | |||||
| (2) | This percentage set forth on the cover sheets is calculated based upon 120,976,520 shares of Class A Common Stock reported to be outstanding as of November 30, 2017 as set forth in the Issuer’s Form 10-Q for period ended October 31, 2017 as filed with the Securities and Exchange Commission (“SEC”) on December 8, 2017. Assumes the conversion of the Class B Common Stock held by the Reporting Person into Class A Common Stock. |
| (3) | Includes 2,212,362 shares of Class B Common Stock held by Scale Venture Partners III, LP (ScaleVP) on December 31, 2017. Each share of Class B common stock is convertible at any time at the option of the holder into one share of Class A common stock. |
| CUSIP No. 10316T106 |
| 1. | Name of Reporting Persons I.R.S. Identification No(s). of above person(s) (entities only)
Scale Management, LLC 20-5773473 | |||||
| 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
California | |||||
|
Number of Shares Beneficially Owned by Each Reporting Person With: |
5. | Sole Voting Power
42,852 (4) | ||||
| 6. | Shared Voting Power
0 | |||||
| 7. | Sole Dispositive Power
42,852 (4) | |||||
| 8. | Shared Dispositive Power
0 | |||||
| 9. |
Aggregate Amount Beneficially Owned by Each Reporting Person
42,852 (4) | |||||
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
| |||||
| 11. | Percent of Class Represented by Amount in Row (9)
0.0% (2) | |||||
| 12. | Type of Reporting Person (See Instructions)
IN | |||||
| (2) | This percentage set forth on the cover sheets is calculated based upon 120,976,520 shares of Class A Common Stock reported to be outstanding as of November 30, 2017 as set forth in the Issuer’s Form 10-Q for period ended October 31, 2017 as filed with the Securities and Exchange Commission (“SEC”) on December 8, 2017. Assumes the conversion of the Class B Common Stock held by the Reporting Person into Class A Common Stock. |
| (4) | Includes 14,284 of Class A Common Stock held by Scale Management, LLC (Scale Management), and 28,568 shares of Class A Common Stock issuable pursuant to stock options exercisable within 60 days of December 31, 2017 that one of the members of Scale Management and Scale Venture Management III, LLC (Scale Management III), has the right to acquire within 60 days of December 31, 2017. Pursuant to the policies of ScaleVP, Scale Management III and Scale Management, the member is deemed to hold the reported securities for the benefit of Scale Management. |
| CUSIP No. 10316T106 |
| 1. | Name of Reporting Persons I.R.S. Identification No(s). of above person(s) (entities only)
Kate Mitchell | |||||
| 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
US | |||||
|
Number of Shares Beneficially Owned by Each Reporting Person With: |
5. | Sole Voting Power
0 | ||||
| 6. | Shared Voting Power
2,255,214 (5) | |||||
| 7. | Sole Dispositive Power
0 | |||||
| 8. | Shared Dispositive Power
2,255,214 (5) | |||||
| 9. |
Aggregate Amount Beneficially Owned by Each Reporting Person
2,255,214 (5) | |||||
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
| |||||
| 11. | Percent of Class Represented by Amount in Row (9)
1.83% (2) | |||||
| 12. | Type of Reporting Person (See Instructions)
IN | |||||
| (2) | This percentage set forth on the cover sheets is calculated based upon 120,976,520 shares of Class A Common Stock reported to be outstanding as of November 30, 2017 as set forth in the Issuer’s Form 10-Q for period ended October 31, 2017 as filed with the Securities and Exchange Commission (“SEC”) on December 8, 2017. Assumes the conversion of the Class B Common Stock held by the Reporting Person into Class A Common Stock. |
| (5) | Includes 2,212,362 shares of Class B Common Stock held on December 31, 2017. Also includes 14,284 of Class A Common Stock held by Scale Management, LLC (Scale Management), and 28,568 shares of Class A Common Stock issuable pursuant to stock options exercisable within 60 days of December 31, 2017 that one of the members of Scale Management and Scale Venture Management III, LLC (Scale Management III), has the right to acquire within 60 days of December 31, 2017. Pursuant to the policies of ScaleVP, Scale Management III and Scale Management, the member is deemed to hold the reported securities for the benefit of Scale Management. Kate Mitchell, Rory O’Driscoll, Stacey Bishop and Andrew Vitus are the Managing Members of Scale Management and Scale Management III. Each share of Class B common stock is convertible at any time at the option of the holder into one share of Class A common stock. The reporting person disclaims beneficial ownership with respect to all of these shares except to the extent of her pecuniary interests therein. |
CUSIP No. 10316T106
| 1. | Name of Reporting Persons I.R.S. Identification No(s). of above person(s) (entities only)
Rory O’Driscoll | |||||
| 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
US | |||||
|
Number of Shares Beneficially Owned by Each Reporting Person With: |
5. | Sole Voting Power
0 | ||||
| 6. | Shared Voting Power
2,255,214 (5) | |||||
| 7. | Sole Dispositive Power
0 | |||||
| 8. | Shared Dispositive Power
2,255,214 (5) | |||||
| 9. |
Aggregate Amount Beneficially Owned by Each Reporting Person
2,255,214 (5) | |||||
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
| |||||
| 11. | Percent of Class Represented by Amount in Row (9)
1.83% (2) | |||||
| 12. | Type of Reporting Person (See Instructions)
IN | |||||
| (2) | This percentage set forth on the cover sheets is calculated based upon 120,976,520 shares of Class A Common Stock reported to be outstanding as of November 30, 2017 as set forth in the Issuer’s Form 10-Q for period ended October 31, 2017 as filed with the Securities and Exchange Commission (“SEC”) on December 8, 2017. Assumes the conversion of the Class B Common Stock held by the Reporting Person into Class A Common Stock. |
| (5) | Includes 2,212,362 shares of Class B Common Stock held on December 31, 2017. Also includes 14,284 of Class A Common Stock held by Scale Management, LLC (Scale Management), and 28,568 shares of Class A Common Stock issuable pursuant to stock options exercisable within 60 days of December 31, 2017 that one of the members of Scale Management and Scale Venture Management III, LLC (Scale Management III), has the right to acquire within 60 days of December 31, 2017. Pursuant to the policies of ScaleVP, Scale Management III and Scale Management, the member is deemed to hold the reported securities for the benefit of Scale Management. Kate Mitchell, Rory O’Driscoll, Stacey Bishop and Andrew Vitus are the Managing Members of Scale Management and Scale Management III. Each share of Class B common stock is convertible at any time at the option of the holder into one share of Class A common stock. The reporting person disclaims beneficial ownership with respect to all of these shares except to the extent of her pecuniary interests therein. |
| CUSIP No. 10316T106 |
| 1. | Name of Reporting Persons I.R.S. Identification No(s). of above person(s) (entities only)
Stacey Bishop | |||||
| 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
US | |||||
|
Number of Shares Beneficially Owned by Each Reporting Person With: |
5. | Sole Voting Power
0 | ||||
| 6. | Shared Voting Power
2,255,214 (5) | |||||
| 7. | Sole Dispositive Power
0 | |||||
| 8. | Shared Dispositive Power
2,255,214 (5) | |||||
| 9. |
Aggregate Amount Beneficially Owned by Each Reporting Person
2,255,214 (5) | |||||
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
| |||||
| 11. | Percent of Class Represented by Amount in Row (9)
1.83% (2) | |||||
| 12. | Type of Reporting Person (See Instructions)
IN | |||||
| (2) | This percentage set forth on the cover sheets is calculated based upon 120,976,520 shares of Class A Common Stock reported to be outstanding as of November 30, 2017 as set forth in the Issuer’s Form 10-Q for period ended October 31, 2017 as filed with the Securities and Exchange Commission (“SEC”) on December 8, 2017. Assumes the conversion of the Class B Common Stock held by the Reporting Person into Class A Common Stock. |
| (5) | Includes 2,212,362 shares of Class B Common Stock held on December 31, 2017. Also includes 14,284 of Class A Common Stock held by Scale Management, LLC (Scale Management), and 28,568 shares of Class A Common Stock issuable pursuant to stock options exercisable within 60 days of December 31, 2017 that one of the members of Scale Management and Scale Venture Management III, LLC (Scale Management III), has the right to acquire within 60 days of December 31, 2017. Pursuant to the policies of ScaleVP, Scale Management III and Scale Management, the member is deemed to hold the reported securities for the benefit of Scale Management. Kate Mitchell, Rory O’Driscoll, Stacey Bishop and Andrew Vitus are the Managing Members of Scale Management and Scale Management III. Each share of Class B common stock is convertible at any time at the option of the holder into one share of Class A common stock. The reporting person disclaims beneficial ownership with respect to all of these shares except to the extent of her pecuniary interests therein. |
| CUSIP No. 10316T106 |
| 1. | Name of Reporting Persons I.R.S. Identification No(s). of above person(s) (entities only)
Andrew Vitus | |||||
| 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
US | |||||
|
Number of Shares Beneficially Owned by Each Reporting Person With: |
5. | Sole Voting Power
0 | ||||
| 6. | Shared Voting Power
2,255,214 (5) | |||||
| 7. | Sole Dispositive Power
0 | |||||
| 8. | Shared Dispositive Power
2,255,214 (5) | |||||
| 9. |
Aggregate Amount Beneficially Owned by Each Reporting Person
2,255,214 (5) | |||||
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
| |||||
| 11. | Percent of Class Represented by Amount in Row (9)
1.83% (2) | |||||
| 12. | Type of Reporting Person (See Instructions)
IN | |||||
| (2) | This percentage set forth on the cover sheets is calculated based upon 120,976,520 shares of Class A Common Stock reported to be outstanding as of November 30, 2017 as set forth in the Issuer’s Form 10-Q for period ended October 31, 2017 as filed with the Securities and Exchange Commission (“SEC”) on December 8, 2017. Assumes the conversion of the Class B Common Stock held by the Reporting Person into Class A Common Stock. |
| (5) | Includes 2,212,362 shares of Class B Common Stock held on December 31, 2017. Also includes 14,284 of Class A Common Stock held by Scale Management, LLC (Scale Management), and 28,568 shares of Class A Common Stock issuable pursuant to stock options exercisable within 60 days of December 31, 2017 that one of the members of Scale Management and Scale Venture Management III, LLC (Scale Management III), has the right to acquire within 60 days of December 31, 2017. Pursuant to the policies of ScaleVP, Scale Management III and Scale Management, the member is deemed to hold the reported securities for the benefit of Scale Management. Kate Mitchell, Rory O’Driscoll, Stacey Bishop and Andrew Vitus are the Managing Members of Scale Management and Scale Management III. Each share of Class B common stock is convertible at any time at the option of the holder into one share of Class A common stock. The reporting person disclaims beneficial ownership with respect to all of these shares except to the extent of her pecuniary interests therein. |
| Item 1. |
| (a) | Name of Issuer |
Box Inc.
| (b) | Address of Issuer’s Principal Executive Offices |
900 Jefferson Ave.
Redwood City, CA 94063
| Item 2. |
| (a) | Name of Person Filing |
Scale Venture Partners III, LP; Scale Venture Management III, LLC; Scale Management, LLC Kate Mitchell; Rory O’ Driscoll; Stacey Bishop; and Andrew Vitus
| (b) | Address of Principal Business Office or, if none, Residence |
| Scale Venture Partners III, LP: 950 Tower Lane, Suite 1150, Foster City, CA 94404 | ||||
| Scale Venture Management III, LLC: 950 Tower Lane, Suite 1150, Foster City, CA 94404 | ||||
| Scale Management, LLC: | 950 Tower Lane, Suite 1150, Foster City, CA 94404 | |||
| Kate Mitchell: | 950 Tower Lane, Suite 1150, Foster City, CA 94404 | |||
| Rory O’Driscoll: | 950 Tower Lane, Suite 1150, Foster City, CA 94404 | |||
| Stacey Bishop: | 950 Tower Lane, Suite 1150, Foster City, CA 94404 | |||
| Andrew Vitus: | 950 Tower Lane, Suite 1150, Foster City, CA 94404 | |||
| (c) | Citizenship |
Scale Venture Partners III, LP and Scale Venture Management III, LLC are organized in Delaware. Scale Management, LLC is organized in California. Each of Kate Mitchell, Rory O’Driscoll, Stacey Bishop and Andrew Vitus are US citizens.
| (d) | Title of Class of Securities |
Class A Common Stock
| (e) | CUSIP Number |
10316T106
| 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
| 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: |
| Scale Venture Partners III, LP | 2,255,214 (6) | |
| Scale Venture Management III, LLC | 2,255,214 (6) | |
| Scale Management, LLC | 42,852 (6) | |
| Kate Mitchell | 2,255,214 (6) | |
| Rory O’Driscoll | 2,255,214 (6) | |
| Stacey Bishop |
2,255,214 (6) | |
| Andrew Vitus |
2,255,214 (6) |
| (b) | Percent of Class: |
| Scale Venture Partners III, LP | 1.80% (2) | |
| Scale Venture Management III, LLC | 1.80% (2) | |
| Scale Management, LLC | 0.00% (2) | |
| Kate Mitchell | 1.83% (2) | |
| Rory O’Driscoll | 1.83% (2) | |
| Stacey Bishop | 1.83% (2) | |
| Andrew Vitus | 1.83% (2) |
| (c) | Number of shares as to which the person has: |
| (i) Sole power to vote or to direct the vote: | ||||
| Scale Venture Partners III, LP | 2,212,362 | (6) | ||
| Scale Venture Management III, LLC | 2,212,362 | (6) | ||
| Scale Management, LLC | 42,852 | (6) | ||
| (ii) Shared power to vote or to direct the vote: | ||||
| Kate Mitchell | 2,255,214 | (6) | ||
| Rory O’Driscoll | 2,255,214 | (6) | ||
| Stacey Bishop | 2,255,214 | (6) | ||
| Andrew Vitus | 2,255,214 | (6) | ||
| (iii) Sole power to dispose or to direct the disposition of: | ||||
| Scale Venture Partners III, LP | 2,212,362 | (6) | ||
| Scale Venture Management III, LLC | 2,212,362 | (6) | ||
| Scale Management, LLC | 42,852 | (6) | ||
| (iv) Shared power to dispose or to direct the disposition of: | ||||
| Kate Mitchell | 2,255,214 | (6) | ||
| Rory O’Driscoll | 2,255,214 | (6) | ||
| Stacey Bishop | 2,255,214 | (6) | ||
| Andrew Vitus | 2,255,214 | (6) | ||
| (2) | This percentage set forth on the cover sheets is calculated based upon 120,976,520 shares of Class A Common Stock reported to be outstanding as of November 30, 2017 as set forth in the Issuer’s Form 10-Q for period ended October 31, 2017 as filed with the Securities and Exchange Commission (“SEC”) on December 8, 2017. Assumes the conversion of the Class B Common Stock held by the Reporting Person into Class A Common Stock. |
| (6) | Includes 2,212,362 shares of Class B Common Stock held by ScaleVP on December 31, 2017. Also includes 14,284 of Class A Common Stock held by Scale Management and 28,568 shares of Class A Common Stock issuable pursuant to stock options exercisable within 60 days of December 31, 2017 that one of the members of Scale Management and Scale Management III, has the right to acquire within 60 days of December 31, 2017. Pursuant to the policies of ScaleVP, Scale Management III and Scale Management, the member is deemed to hold the reported securities for the benefit of Scale Management. Kate Mitchell, Rory O’Driscoll, Stacey Bishop and Andrew Vitus are the Managing Members of Scale Management III. Each share of Class B common stock is convertible at any time at the option of the holder into one share of Class A common stock. The reporting person disclaims beneficial ownership with respect to all of these shares except to the extent of his pecuniary interests therein. |
Assuming conversion of all of the Issuer’s Class B Common Stock outstanding on November 30, 2017 into Class A Common Stock the Reporting Person listed in Item 4 would hold 1.7% of the total outstanding shares of the Issuer. This percentage is based on the combined total of 136,142,217 outstanding shares as of November 30, 2017, which represents 120,976,520 shares of Class A Common Stock and 15,165,697 shares of Class B Common Stock.
| Item 5. | Ownership of 5 Percent or Less of a Class |
| Item 6. | 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 5 percent of the class of securities, check the following ☒. |
| Item 7. | Ownership of More than Five Percent on Behalf of Another Person |
Not Applicable
| Item 8. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person. |
Not Applicable
| Item 9. | Identification and Classification of Members of the Group |
Not Applicable
| Item 10. | Notice of Dissolution of a Group |
Not Applicable
| Item 11. | Certification |
Not applicable
[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: February 9, 2018
| SCALE VENTURE PARTNERS III, LP | SCALE VENTURE MANAGEMENT III, LLC | |||||
| By: | Scale Venture Management III, LLC, | |||||
| its General Partner | ||||||
| By: | /s/ Kate Mitchell |
By: | /s/ Kate Mitchell | |||
| Name: Kate Mitchell Title: Managing Member |
Name: Kate Mitchell Title: Managing Member | |||||
| SCALE MANAGEMENT, LLC | ||||||
| By: | /s/ Kate Mitchell |
By: | /s/ Kate Mitchell | |||
| Name: Kate Mitchell | Name: Kate Mitchell | |||||
| Title: Manager | ||||||
| By: | /s/ Rory O’Driscoll |
|||||
| Name: Rory O’Driscoll | ||||||
| By: | /s/ Stacey Bishop |
By: | /s/ Andrew Vitus | |||
| Name: Stacey Bishop | Name: Andrew Vitus | |||||
EXHIBITS
| A: | Joint Filing Agreement |