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13D Filing: Discovery Group Ups Stake in Sciquest Inc (SQI)

Michael Murphy and Daniel Donoghue‘s Discovery Group has filed a Form 13D on SciQuest, Inc. (NASDAQ:SQI), one of the fund’s top picks at the end of 2015. The filing shows that Discovery Group has added about 261,000 shares to its holding since December 31, lifting its stake to 1.76 million shares. The details of the filing can be found below.

You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Discovery Equity Partners 1,757,724 1,757,724 1,757,724 6.3%
Discovery Group I 1,757,724 1,757,724 1,757,724 6.3%
Daniel J. Donoghue 1,757,724 1,757,724 1,757,724 6.3%
Michael R. Murphy 1,757,724 1,757,724 1,757,724 6.3%
Michael Murphy And Daniel Donoghue
Michael Murphy And Daniel Donoghue
Discovery Group

Page 1 of 8 SEC Filing

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. 1)*

 

SciQuest, Inc.
 (Name of Issuer)

 

Common Stock, par value $0.001 per share
 (Title of Class of Securities)

 

80908T101
 (CUSIP Number)
Michael R. Murphy
Discovery Group I, LLC
300 South Wacker Drive
Suite 600
Chicago, Illinois 60606
Telephone Number: (312) 265-9600
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
February 25, 2016
(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).

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