Sec Form 13D Filing - TCV VII LP @ ALARM COM HLDGS INC

Sec Form 13D Filing - TCV VII LP filing for ALARM COM HLDGS INC (ALRM) - 2020-03-13

Insider filing report for Changes in Beneficial Ownership

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

(Rule 13d-101)

Information to be Included in Statements Filed Pursuant to § 240.13d-1(a) and

Amendments Thereto Filed Pursuant to § 240.13d-2(a)

Under the Securities Exchange Act of 1934

(Amendment No. 5)*

ALARM.COM HOLDINGS, INC.

(Name of Issuer)

Common Stock, $0.01 par value per share

(Title of Class of Securities)

0001459200

(CUSIP Number)

Frederic D. Fenton

c/o Technology Crossover Ventures

250 Middlefield Road

Menlo Park, California 94025

Telephone: (650) 614-8200

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

March 3, 2020

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ☐

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

*	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. 0001459200		13D		Page 1 of 19 Pages


1		NAMES OF REPORTING PERSONS: TCV VII MANAGEMENT, L.L.C.
2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS): (a) ☐ (b) ☒
3		SEC USE ONLY:
4		SOURCE OF FUNDS (SEE INSTRUCTIONS): AF, OO
5		CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): ☐
6		CITIZENSHIP OR PLACE OF ORGANIZATION: DELAWARE

*	Less than 0.1%


CUSIP No. 0001459200		13D		Page 2 of 19 Pages


1		NAMES OF REPORTING PERSONS: TCV VII, L.P.
2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS): (a) ☐ (b) ☒
3		SEC USE ONLY:
4		SOURCE OF FUNDS (SEE INSTRUCTIONS): AF, OO
5		CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): ☐
6		CITIZENSHIP OR PLACE OF ORGANIZATION: CAYMAN ISLANDS


CUSIP No. 0001459200		13D		Page 3 of 19 Pages


1		NAMES OF REPORTING PERSONS: TCV VII (A), L.P.
2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS): (a) ☐ (b) ☒
3		SEC USE ONLY:
4		SOURCE OF FUNDS (SEE INSTRUCTIONS): AF, OO
5		CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): ☐
6		CITIZENSHIP OR PLACE OF ORGANIZATION: CAYMAN ISLANDS


CUSIP No. 0001459200		13D		Page 4 of 19 Pages


1		NAMES OF REPORTING PERSONS: TCV MEMBER FUND, L.P.
2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS): (a) ☐ (b) ☒
3		SEC USE ONLY:
4		SOURCE OF FUNDS (SEE INSTRUCTIONS): AF, OO
5		CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): ☐
6		CITIZENSHIP OR PLACE OF ORGANIZATION: CAYMAN ISLANDS


CUSIP No. 0001459200		13D		Page 5 of 19 Pages


1		NAMES OF REPORTING PERSONS: TECHNOLOGY CROSSOVER MANAGEMENT VII, L.P.
2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS): (a) ☐ (b) ☒
3		SEC USE ONLY:
4		SOURCE OF FUNDS (SEE INSTRUCTIONS): AF, OO
5		CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): ☐
6		CITIZENSHIP OR PLACE OF ORGANIZATION: CAYMAN ISLANDS


CUSIP No. 0001459200		13D		Page 6 of 19 Pages


1		NAMES OF REPORTING PERSONS: TECHNOLOGY CROSSOVER MANAGEMENT VII, LTD.
2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS): (a) ☐ (b) ☒
3		SEC USE ONLY:
4		SOURCE OF FUNDS (SEE INSTRUCTIONS): AF, OO
5		CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): ☐
6		CITIZENSHIP OR PLACE OF ORGANIZATION: CAYMAN ISLANDS


CUSIP No. 0001459200		13D		Page 7 of 19 Pages


1		NAMES OF REPORTING PERSONS: JAY C. HOAG
2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS): (a) ☐ (b) ☒
3		SEC USE ONLY:
4		SOURCE OF FUNDS (SEE INSTRUCTIONS): AF, OO
5		CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): ☐
6		CITIZENSHIP OR PLACE OF ORGANIZATION: UNITED STATES CITIZEN


CUSIP No. 0001459200		13D		Page 8 of 19 Pages


1		NAMES OF REPORTING PERSONS: RICHARD H. KIMBALL
2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS): (a) ☐ (b) ☒
3		SEC USE ONLY:
4		SOURCE OF FUNDS (SEE INSTRUCTIONS): AF, OO
5		CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): ☐
6		CITIZENSHIP OR PLACE OF ORGANIZATION: UNITED STATES CITIZEN


CUSIP No. 0001459200		13D		Page 9 of 19 Pages


1		NAMES OF REPORTING PERSONS: JOHN L. DREW
2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS): (a) ☐ (b) ☒
3		SEC USE ONLY:
4		SOURCE OF FUNDS (SEE INSTRUCTIONS): AF, OO
5		CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): ☐
6		CITIZENSHIP OR PLACE OF ORGANIZATION: UNITED STATES CITIZEN


CUSIP No. 0001459200		13D		Page 10 of 19 Pages


1		NAMES OF REPORTING PERSONS: JON Q. REYNOLDS, JR.
2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS): (a) ☐ (b) ☒
3		SEC USE ONLY:
4		SOURCE OF FUNDS (SEE INSTRUCTIONS): AF, OO
5		CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): ☒
6		CITIZENSHIP OR PLACE OF ORGANIZATION: UNITED STATES CITIZEN


CUSIP No. 0001459200		13D		Page 11 of 19 Pages


1		NAMES OF REPORTING PERSONS: DAVID L. YUAN
2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS): (a) ☐ (b) ☒
3		SEC USE ONLY:
4		SOURCE OF FUNDS (SEE INSTRUCTIONS): AF, OO
5		CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): ☐
6		CITIZENSHIP OR PLACE OF ORGANIZATION: UNITED STATES CITIZEN


CUSIP No. 0001459200		13D		Page 12 of 19 Pages


1		NAMES OF REPORTING PERSONS: ROBERT W. TRUDEAU
2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS): (a) ☐ (b) ☒
3		SEC USE ONLY:
4		SOURCE OF FUNDS (SEE INSTRUCTIONS): AF, OO
5		CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): ☐
6		CITIZENSHIP OR PLACE OF ORGANIZATION: UNITED STATES CITIZEN


CUSIP No. 0001459200		13D		Page 13 of 19 Pages


1		NAMES OF REPORTING PERSONS: CHRISTOPHER P. MARSHALL
2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS): (a) ☐ (b) ☒
3		SEC USE ONLY:
4		SOURCE OF FUNDS (SEE INSTRUCTIONS): AF, OO
5		CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): ☐
6		CITIZENSHIP OR PLACE OF ORGANIZATION: UNITED STATES CITIZEN


CUSIP No. 0001459200		13D		Page 14 of 19 Pages


1		NAMES OF REPORTING PERSONS: TIMOTHY P. McADAM
2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS): (a) ☐ (b) ☒
3		SEC USE ONLY:
4		SOURCE OF FUNDS (SEE INSTRUCTIONS): AF, OO
5		CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): ☐
6		CITIZENSHIP OR PLACE OF ORGANIZATION: UNITED STATES CITIZEN


CUSIP No. 0001459200		13D		Page 15 of 19 Pages

Explanatory Note

This Amendment No. 5 to Schedule 13D (“Amendment No. 5”) amends and supplements the statement on Schedule 13D filed with the United States Securities and Exchange Commission on July 2, 2015 (as amended to date, the “Statement”), relating to the common stock, par value $0.01 per share (the “Common Stock”), of Alarm.com Holdings, Inc., (the “Issuer”). Capitalized terms used herein without definition shall have the meaning set forth in the Statement.

ITEM 4. PURPOSE OF TRANSACTION.

Item 4 of the Statement is hereby amended and supplemented by adding the following:

On March 3, 2020, as part of an in-kind pro-rata distribution to partners, TCV VII, L.P. (“TCV VII”), TCV VII (A), L.P. (“TCV VII(A)”), and TCV Member Fund, L.P. (“Member Fund” and, together with TCV VII and TCV VII(A), the “TCV Funds”) distributed 1,635,292, 849,246 and 15,462 shares of Common Stock, respectively, to their limited partners and general partners for no consideration. The shares distributed by the TCV Funds included 630,455 shares of Common Stock initially distributed to Technology Crossover Management VII, L.P. (“Management VII”), of which 623,693 were subsequently distributed by Management VII to its limited partners and general partners.

The shares of Common Stock distributed by the TCV Funds and Management VII included: (i) 58,454 shares distributed to the Hoag Family Trust U/A Dtd 8/2/94 (the “Hoag Trust”); (ii) 58,454 shares distributed to Hamilton Investments Limited Partnership (“Hamilton Investments”); (iii) 80,787 shares distributed to Goose Rocks Beach Partners, L.P. (“Goose Rocks”); (iv) 71,401 shares distributed to the Reynolds Family Trust (the “Reynolds Trust”); (v) 42,790 shares distributed to the Drew Family Trust dated 10/5/2004 (the “Drew Trust”); (vi) 26,195 shares distributed to Ten 271 Partners B; (vii) 68,985 shares distributed to Robert W. Trudeau; (viii) 26,481 shares distributed to Marshall Carroll 2000 Trust (the “Marshall Trust”); (ix) 333 shares distributed to Marshall Partners; (x) 25,510 shares distributed to the Yuan Family Trust dated 9/22/2006 (the “Yuan Trust”); and (xi) 25,536 shares distributed to Timothy P. McAdam.


CUSIP No. 0001459200		13D		Page 16 of 19 Pages

ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.

Item 5 of the Statement is hereby amended and restated in its entirety as follows:

(a) – (b)

The following sets forth, as of the date of this Schedule 13D, the aggregate number of shares of Common Stock and percentage of Common Stock beneficially owned by each of the Reporting Persons, as well as the number of shares of Common Stock as to which each Reporting Person has the sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the disposition, or shared power to dispose or to direct the disposition of, as of the date hereof, based on 48,747,310 shares of Common Stock outstanding as of February 18, 2020.


Reporting Person	Amount beneficially owned		Percent of class			Sole power to vote or to direct the vote		Shared power to vote or to direct the vote		Sole power to dispose or to direct the disposition		Shared power to dispose or to direct the disposition
TCV VII Management		9,872		*			9,872		0		9,872		0
TCV VII		3,673,816		7.5	%		3,673,816		0		3,673,816		0
TCV VII(A)		1,907,898		3.9	%		1,907,898		0		1,907,898		0
Member Fund		34,737		0.1	%		34,737		0		34,737		0
Management VII		5,581,714		11.5	%		5,581,714		0		5,581,714		0
TCM VII		5,616,451		11.5	%		5,616,451		0		5,616,451		0
Mr. Hoag		6,163,621		12.6	%		537,298		5,626,323		537,298		5,626,323
Mr. Kimball		5,997,615		12.3	%		371,292		5,626,323		371,292		5,626,323
Mr. Drew		5,652,518		11.6	%		26,195		5,626,323		26,195		5,626,323
Mr. Reynolds		5,755,622		11.8	%		129,299		5,626,323		129,299		5,626,323
Mr. Yuan		5,616,451		11.5	%		0		5,616,451		0		5,616,451
Mr. Trudeau		5,626,323		11.5	%		0		5,626,323		0		5,626,323
Mr. Marshall		5,687,810		11.7	%		61,487		5,626,323		61,487		5,626,323
Mr. McAdam		5,726,682		11.7	%		100,359		5,626,323		100,359		5,626,323

*	Less than 0.1%

TCV VII Management, TCV VII, TCV VII(A), and Member Fund are the record holders of 9,872, 3,673,816, 1,907,898 and 34,737 shares of Common Stock, respectively. The 9,872 shares of Common Stock held by TCV VII Management includes 2,711 shares of restricted stock, which vest on June 2, 2020.

Technology Crossover Management VII, Ltd (“TCM VII”), as the ultimate general partner of TCV VII and TCV VII(A) and a general partner of Member Fund, and Management VII, as the direct general partner of TCV VII and TCV VII(A), may also be deemed to have the sole power to dispose or direct the disposition of the shares of Common Stock held by TCV VII and TCV VII(A) and, with respect to TCM VII, certain of the shares held by Member Fund and have the sole power to direct the vote of such shares. Each of TCM VII and Management VII disclaims beneficial ownership of the shares of Common Stock owned by TCV VII, TCV VII(A), and Member Fund except to the extent of their respective pecuniary interest therein.

Under the memorandum and articles of association of TCM VII, the Class A Directors have the shared power to dispose or direct the disposition of the shares held by TCV VII and TCV VII(A) and certain of the shares of Common Stock held by Member Fund and the shared power to direct the vote of such shares. Each of the Class A Directors disclaims beneficial ownership of the shares of Common Stock owned by TCM VII, Management VII, TCV VII, TCV VII(A) and Member Fund except to the extent of their respective pecuniary interest therein.


CUSIP No. 0001459200		13D		Page 17 of 19 Pages

In addition, the Hoag Trust and Hamilton Investments are each the record holder of 268,649 shares of Common Stock. Mr. Hoag is a trustee of the Hoag Trust and may be deemed to have the sole power to dispose or direct the dispositions of the shares held by the Hoag Trust. Mr. Hoag is the general partner of Hamilton Investments and may be deemed to have the sole power to dispose or direct the dispositions of the shares held by Hamilton Investments.

Ten 271 Partners B is the record holder of 26,195 shares of Common Stock. Mr. Drew is a General Partner of Ten 271 Partners B and may be deemed to have the sole power to dispose or direct the dispositions of the shares held by Ten 271 Partners B.

Goose Rocks is the record holder of 371,292 shares of Common Stock. Mr. Kimball is the general partner of Goose Rocks and may be deemed to have the sole power to dispose or direct the dispositions of the shares held by Goose Rocks.

The Reynolds Trust is the record holder of 129,299 shares of Common Stock. Mr. Reynolds is a trustee of the Reynolds Trust and may be deemed to have the sole power to dispose or direct the dispositions of the shares held by the Reynolds Trust.

The Marshall Trust and Marshall Partners are the record holders of 60,223 and 1,264 shares of Common Stock, respectively. Mr. Marshall is a trustee of the Marshall Trust and may be deemed to have the sole power to dispose or direct the dispositions of the shares held by the Marshall Trust. Mr. Marshall is the general partner of Marshall Partners and may be deemed to have the sole power to dispose or direct the dispositions of the shares held by Marshall Partners.

Mr. McAdam has the sole power to dispose or direct the disposition of, and to vote or direct the voting of 100,359 shares of Common Stock which he holds directly. Mr. McAdam holds 9,872 shares of Common Stock for the benefit of TCV VII Management, which includes 2,711 shares of restricted stock, which vest on June 2, 2020. TCV VII Management and Messrs. Hoag, Kimball, Reynolds, Drew, Trudeau and Marshall, who are members of TCV VII Management, may be deemed to have the shared power to dispose or direct the disposition of the 9,872 shares of Common Stock held by Mr. McAdam for the benefit of TCV VII Management. Each of Mr. McAdam, TCV VII Management and Messrs. Hoag, Kimball, Reynolds, Drew, Trudeau and Marshall disclaims beneficial ownership of such shares of Common Stock. The Reporting Persons may be deemed to be acting as a group in relation to their respective holdings in the Issuer but do not affirm the existence of any such group.

Except as set forth in this Item 5(a) — (b), each of the Reporting Persons disclaims beneficial ownership of any Common Stock owned beneficially or of record by any other Reporting Person.

(c)

On March 4, 2020: Management VII disposed of 6,762 shares of Common Stock at prices ranging from at prices ranging from $44.94 to $45.09 per share, in a series of open market transactions on the Nasdaq Global Select Market for a weighted average price per share of $45.0273. Robert W. Trudeau sold 46,281, 12,404 and 10,300 shares of Common Stock at prices ranging from $45.00 to $45.77, $46.00 to $46.88 and $47.26 to $47.45, respectively in a series of open market transactions on the Nasdaq Global Select Market for a weighted average price per share of $45.3663, $46.101 and $47.3705, respectively.

On March 5, 2020: the Yuan Trust sold 25,510 shares of Common Stock at prices ranging from $46.00 to $46.14 per share in a series of open market transactions on the Nasdaq Global Select Market for a weighted average price per share of $46.0049. The Reynolds Trust sold 72,000 shares of Common Stock at prices ranging from $45.73 to $46.255 in a series of open market transactions on the Nasdaq Global Select Market for a weighted average price per share of $45.9353.

On March 6, 2020: the Reynolds Trust sold 12,902 shares of Common Stock at prices ranging from $45.00 to $45.42 in a series of open market transactions on the Nasdaq Global Select Market for a weighted average price per share of $45.0571. The Drew Trust gifted 42,790 shares of Common Stock; no value was received in exchange for the donated shares.

Except as reported in this Item 5(c) and in Item 4, above, during the past 60 days none of the Reporting Persons or Related Persons has effected any transactions in the Common Stock.

(d) Except as set forth herein, no other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the Common Stock beneficially owned by the Reporting Persons.


CUSIP No. 0001459200		13D		Page 18 of 19 Pages

SIGNATURE

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

< td valign="top">By:


Dated: March 13, 2020

TCV VII MANAGEMENT, L.L.C.

	/s/ Frederic D. Fenton
		Name: Frederic D. Fenton
		Its: Authorized Signatory

TCV VII, L.P.

By:		/s/ Frederic D. Fenton
		Name: Frederic D. Fenton
		Its: Authorized Signatory

TCV VII (A), L.P.

By:		/s/ Frederic D. Fenton
		Name: Frederic D. Fenton
		Its: Authorized Signatory

TCV MEMBER FUND, L.P.

By:		/s/ Frederic D. Fenton
		Name: Frederic D. Fenton
		Its: Authorized Signatory

TECHNOLOGY CROSSOVER MANAGEMENT VII, L.P.



By:		/s/ Frederic D. Fenton
		Name: Frederic D. Fenton
		Its: Authorized Signatory

TECHNOLOGY CROSSOVER MANAGEMENT VII, LTD.



By:		/s/ Frederic D. Fenton
		Name: Frederic D. Fenton
		Its: Authorized Signatory

JAY C. HOAG

By:		/s/ Frederic D. Fenton
		Name: Frederic D. Fenton
		Its: Authorized Signatory

RICHARD H. KIMBALL

By:		/s/ Frederic D. Fenton
		Name: Frederic D. Fenton
		Its: Authorized Signatory


CUSIP No. 0001459200		13D		Page 19 of 19 Pages

JOHN L. DREW


By:		/s/ Frederic D. Fenton
		Name: Frederic D. Fenton
		Its: Authorized Signatory

JON Q. REYNOLDS, JR.


By:		/s/ Frederic D. Fenton
		Name: Frederic D. Fenton
		Its: Authorized Signatory

DAVID L. YUAN


By:		/s/ Frederic D. Fenton
		Name: Frederic D. Fenton
		Its: Authorized Signatory

ROBERT W. TRUDEAU


By:		/s/ Frederic D. Fenton
		Name: Frederic D. Fenton
		Its: Authorized Signatory

CHRISTOPHER P. MARSHALL


By:		/s/ Frederic D. Fenton
		Name: Frederic D. Fenton
		Its: Authorized Signatory

TIMOTHY P. McADAM


By:		/s/ Frederic D. Fenton
		Name: Frederic D. Fenton
		Its: Authorized Signatory

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

SOLE VOTING POWER:

9,872

SHARED VOTING POWER:

-0-

SOLE DISPOSITIVE POWER:

9,872

SHARED DISPOSITIVE POWER:

-0-