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"
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- 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. 4)*
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Mimecast Limited
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(Name of Issuer)
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Ordinary Shares, $0.012 par value
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(Title of Class of Securities)
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G14838109
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(CUSIP Number)
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December 31, 2019
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Date of Event Which Requires Filing of this Statement
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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).
1
CUSIP No. G14838109
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1
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Name of Reporting Person:
Abdiel Qualified Master Fund, LP
I.R.S. Identification No. of above Person (entities only) (voluntary)
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2
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Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ ] |
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3
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SEC USE ONLY
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4
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Citizenship or Place of Organization
Cayman Islands |
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NUMBER OF
SHARES
BENEFICIALLY OWNED BY EACH
REPORTING PERSON WITH
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5
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SOLE VOTING POWER
0
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6
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SHARED VOTING POWER
3,575,264
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7
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SOLE DISPOSITIVE POWER
0
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8
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SHARED DISPOSITIVE POWER
3,575,264
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED
3,575,264
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10
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.8% *
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12
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TYPE OF REPORTING PERSON
PN
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* Based on 61,991,355 Ordinary Shares outstanding as of October 31, 2019, as reported in the Issuer’s Report on Form 10-Q for the period ended September 30, 2019 filed with the Securities and Exchange Commission on November 7, 2019.
2
CUSIP No. G14838109
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1
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Names of Reporting Person:
Abdiel Capital, LP
I.R.S. Identification No. of above Person (entities only) (voluntary)
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2
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Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ ] |
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3
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SEC USE ONLY
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4
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Citizenship or Place of Organization
Delaware |
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NUMBER OF
SHARES
BENEFICIALLY OWNED BY EACH
REPORTING PERSON WITH
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5
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SOLE VOTING POWER
0
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6
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SHARED VOTING POWER
109,249
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7
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SOLE DISPOSITIVE POWER
0
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8
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SHARED DISPOSITIVE POWER
109,249
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED
109,249
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10
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.2% *
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12
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TYPE OF REPORTING PERSON
PN
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* Based on 61,991,355 Ordinary Shares outstanding as of October 31, 2019, as reported in the Issuer’s Report on Form 10-Q for the period ended September 30, 2019 filed with the Securities and Exchange Commission on November 7, 2019.
3
CUSIP No. G14838109
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1
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Names of Reporting Person:
Abdiel Capital Management, LLC
I.R.S. Identification No. of above Person (entities only) (voluntary)
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2
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Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ ] |
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3
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SEC USE ONLY
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4
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Citizenship or Place of Organization
Delaware |
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NUMBER OF
SHARES
BENEFICIALLY OWNED BY EACH
REPORTING PERSON WITH
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5
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SOLE VOTING POWER
0
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6
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SHARED VOTING POWER
3,684,513*
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7
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SOLE DISPOSITIVE POWER
0
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8
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3,684,513*
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED
3,684,513*
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10
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.9% **
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12
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TYPE OF REPORTING PERSON
OO
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* Consists of 3,575,264 shares of Common Stock held by Abdiel Qualified Master Fund, LP and 109,249 shares of Common Stock held by Abdiel Capital, LP.
** Based on 61,991,355 Ordinary Shares outstanding as of October 31, 2019, as reported in the Issuer’s Report on Form 10-Q for the period ended September 30, 2019 filed with the Securities and Exchange Commission on November 7, 2019.
4
CUSIP No. G14838109
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1
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Names of Reporting Person:
Abdiel Capital Advisors, LP
I.R.S. Identification No. of above Person (entities only) (voluntary)
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2
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Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ ] |
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3
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SEC USE ONLY
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4
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Citizenship or Place of Organization
Delaware |
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NUMBER OF
SHARES
BENEFICIALLY OWNED BY EACH
REPORTING PERSON WITH
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5
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SOLE VOTING POWER
0
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6
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SHARED VOTING POWER
3,684,513*
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7
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SOLE DISPOSITIVE POWER
0
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8
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SHARED DISPOSITIVE POWER
3,684,513*
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED
3,684,513*
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10
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.9% **
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12
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TYPE OF REPORTING PERSON
PN, IA
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* Consists of 3,575,264 shares of Common Stock held by Abdiel Qualified Master Fund, LP and 109,249 shares of Common Stock held by Abdiel Capital, LP.
** Based on 61,991,355 Ordinary Shares outstanding as of October 31, 2019, as reported in the Issuer’s Report on Form 10-Q for the period ended September 30, 2019 filed with the Securities and Exchange Commission on November 7, 2019.
5
CUSIP No. G14838109
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1
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Names of Reporting Person:
Colin T. Moran
I.R.S. Identification No. of above Person (entities only) (voluntary)
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2
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Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ ] |
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3
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SEC USE ONLY
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4
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Citizenship or Place of Organization
United States |
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NUMBER OF
SHARES
BENEFICIALLY OWNED BY EACH
REPORTING PERSON WITH
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5
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SOLE VOTING POWER
0
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6
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SHARED VOTING POWER
3,684,513*
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7
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SOLE DISPOSITIVE POWER
0
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8
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SHARED DISPOSITIVE POWER
3,684,513*
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED
3,684,513*
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10
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.9% **
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12
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TYPE OF REPORTING PERSON
IN
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* Consists of 3,575,264 shares of Common Stock held by Abdiel Qualified Master Fund, LP and 109,249 shares of Common Stock held by Abdiel Capital, LP.
** Based on 61,991,355 Ordinary Shares outstanding as of October 31, 2019, as reported in the Issuer’s Report on Form 10-Q for the period ended September 30, 2019 filed with the Securities and Exchange Commission on November 7, 2019.
6
CUSIP No. G14838109
AMENDMENT NO. 4 TO SCHEDULE 13G
Reference is hereby made to the statement on Schedule 13G filed with the Securities and Exchange Commission by the Reporting Persons with respect to the Common Stock of the Issuer on February 25, 2016, Amendment No. 1
thereto filed on January 24, 2017, Amendment No. 2 thereto filed on January 31, 2018 and Amendment No. 3 thereto filed on February 11, 2019 (as so amended, the “Schedule 13G”). Terms defined in the Schedule 13G are used herein as so defined.
The following Items of the Schedule 13G are hereby amended and restated as follows:
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Item 2(b)
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Address of Principal Business Office, or if None, Residence:
90 Park Avenue, 29th Floor, New York, NY 10016
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Item 4
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Ownership:
(a) through (c):
The information requested herein is incorporated by reference to the cover pages to this Amendment No. 4 to Schedule 13G.
Abdiel Capital Management, LLC and Abdiel Capital Advisors, LP serve as the general partner and the investment manager, respectively, of Abdiel Qualified Master Fund, LP and Abdiel Capital, LP. Colin T. Moran serves as managing member of
Abdiel Capital Management, LLC and Abdiel Capital Partners, LLC, which serves as the general partner of Abdiel Capital Advisors, LP. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein except to the
extent of its or his pecuniary interest therein.
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7
CUSIP No. G14838109
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 14, 2020
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ABDIEL QUALIFIED MASTER FUND, LP
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By:
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Abdiel Capital Management, LLC,
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its General Partner
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By:
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/s/ Colin T. Moran
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Colin T. Moran, Managing Member
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ABDIEL CAPITAL, LP
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By:
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Abdiel Capital Management, LLC,
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its General Partner
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By:
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/s/ Colin T. Moran
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Colin T. Moran, Managing Member
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ABDIEL CAPITAL MANAGEMENT, LLC
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By:
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/s/ Colin T. Moran
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Colin T. Moran, Managing Member
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ABDIEL CAPITAL ADVISORS, LP
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By:
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Abdiel Capital Partners, LLC,
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its General Partner
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By:
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/s/ Colin T. Moran
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Colin T. Moran, Managing Member
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COLIN T. MORAN
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By:
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/s/ Colin T. Moran
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Colin T. Moran, Individually
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8