Filing Details

Accession Number:
0001193125-20-035661
Form Type:
13G Filing
Publication Date:
2020-02-13 16:36:02
Filed By:
Oberndorf William E
Company:
Instructure Inc (NYSE:INST)
Filing Date:
2020-02-13
SEC Url:
13G Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
William E. Oberndorf 244,866 834,818 244,866 834,818 1,079,684 2.8%
Oberndorf Investments 757,792 0 757,792 0 757,792 2.0%
Bill Susan Oberndorf Foundation 59,538 0 59,538 0 59,538 0.2%
Peter C. Oberndorf 0 8,900 0 8,900 8,900 0.1%
Caroline G. Oberndorf 0 57 0 57 57 0.1%
Betty Jane Weimer 0 4,602 0 4,602 4,602 0.1%
Susan C. Oberndorf 124 0 124 0 124 0.1%
William Oberndorf 0 3,929 0 3,929 3,929 0.1%
Filing

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

 

 

Instructure, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

45781U103

(CUSIP Number)

December 31, 2019

(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 persons 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. 45781U103

 

  1.    

  Names of Reporting Persons

 

  William E. Oberndorf

  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

 

  USA

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With:

     5.     

  Sole Voting Power

 

  244,866 (1)

     6.   

  Shared Voting Power

 

  834,818 (2)

     7.   

  Sole Dispositive Power

 

  244,866 (1)

     8.   

  Shared Dispositive Power

 

  834,818 (2)

  9.    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  1,079,684

10.  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

  ☐

11.  

  Percent of Class Represented by Amount in Row (9)

 

  2.8% (3)

12.  

  Type of Reporting Person (See Instructions)

 

  (IN)

 

(1)

All of these shares are held in William E. Oberndorfs Individual Retirement Account, which is self-directed.

(2)

Of these shares, 757,792 shares may be deemed to be beneficially owned by William E. Oberndorf solely in his capacity as the sole controlling person of Oberndorf Investments LLC, 59,538 shares may be deemed to be beneficially owned by William E. Oberndorf solely in his capacity as a controlling person of the Bill & Susan Oberndorf Foundation, 8,900 shares may be deemed to be beneficially owned by William E. Oberndorf solely in his capacity as an authorized signatory for the account of Peter C. Oberndorf, 57 shares may be deemed to be beneficially owned by William E. Oberndorf solely in his capacity as an authorized signatory for the account of Caroline G. Oberndorf, 4,602 shares may be deemed to be beneficially owned by William E. Oberndorf solely in his capacity as an authorized signatory for the account of Betty Jane Weimer and 3,929 shares may be deemed to be beneficially owned by William E. Oberndorf solely in his capacity as an authorized signatory for the account of William Oberndorf.

(3)

Based on 38,257,326 shares of common stock outstanding as of December 31, 2019.

 

2


CUSIP No. 45781U103

 

  1.    

  Names of Reporting Persons

 

  Oberndorf Investments LLC

  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

 

  757,792 (1)

     6.   

  Shared Voting Power

 

  0

     7.   

  Sole Dispositive Power

 

  757,792 (1)

     8.   

  Shared Dispositive Power

 

  0

  9.    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  757,792

10.  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

  ☐

11.  

  Percent of Class Represented by Amount in Row (9)

 

  2.0% (2)

12.  

  Type of Reporting Person (See Instructions)

 

  (OO) limited liability company

 

(1)

Power is exercised through William E. Oberndorf as the sole member of the manager of Oberndorf Investments LLC.

(2)

Based on 38,257,326 shares of common stock outstanding as of December 31, 2019.

 

3


CUSIP No. 45781U103

 

  1.    

  Names of Reporting Persons.

 

  Bill & Susan Oberndorf Foundation

  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

 

  59,538 (1)

     6.   

  Shared Voting Power

 

  0

     7.   

  Sole Dispositive Power

 

  59,538 (1)

     8.   

  Shared Dispositive Power

 

  0

  9.    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  59,538

10.  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

  ☐

11.  

  Percent of Class Represented by Amount in Row (9)

 

  0.2% (2)

12.  

  Type of Reporting Person (See Instructions)

 

  (CO)

 

(1)

Power is exercised through its two directors, William E. Oberndorf and Susan C. Oberndorf.

(2)

Based on 38,257,326 shares of common stock outstanding as of December 31, 2019.

 

4


CUSIP No. 45781U103

 

  1.    

  Names of Reporting Persons.

 

  Peter C. Oberndorf

  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

 

  USA

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With:

     5.     

  Sole Voting Power

 

  0

     6.   

  Shared Voting Power

 

  8,900 (1)

     7.   

  Sole Dispositive Power

 

  0

     8.   

  Shared Dispositive Power

 

  8,900 (1)

  9.    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  8,900

10.  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

  ☐

11.  

  Percent of Class Represented by Amount in Row (9)

 

  **0.1% (2)

12.  

  Type of Reporting Person (See Instructions)

 

  (IN)

 

(1)

William E. Oberndorf is an authorized signatory for the account of Peter C. Oberndorf.

(2)

Based on 38,257,326 shares of common stock outstanding as of December 31, 2019.

**

Denotes less than.

 

5


CUSIP No. 45781U103

 

  1.    

  Names of Reporting Persons.

 

  Caroline G. Oberndorf

  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

 

  USA

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With:

     5.     

  Sole Voting Power

 

  0

     6.   

  Shared Voting Power

 

  57 (1)

     7.   

  Sole Dispositive Power

 

  0

     8.   

  Shared Dispositive Power

 

  57 (1)

  9.    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  57

10.  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

  ☐

11.  

  Percent of Class Represented by Amount in Row (9)

 

  **0.1% (2)

12.  

  Type of Reporting Person (See Instructions)

 

  (IN)

 

(1)

William E. Oberndorf is an authorized signatory for the account of Caroline G. Oberndorf.

(2)

Based on 38,257,326 shares of common stock outstanding as of December 31, 2019.

**

Denotes less than.

 

6


CUSIP No. 45781U103

 

  1.    

  Names of Reporting Persons.

 

  Betty Jane Weimer

  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

 

  USA

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With:

     5.     

  Sole Voting Power

 

  0

     6.   

  Shared Voting Power

 

  4,602 (1)

     7.   

  Sole Dispositive Power

 

  0

     8.   

  Shared Dispositive Power

 

  4,602 (1)

  9.    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  4,602

10.  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

  ☐

11.  

  Percent of Class Represented by Amount in Row (9)

 

  **0.1% (2)

12.  

  Type of Reporting Person (See Instructions)

 

  (IN)

 

(1)

William E. Oberndorf is an authorized signatory for the account of Betty Jane Weimer.

(2)

Based on 38,257,326 shares of common stock outstanding as of December 31, 2019.

**

Denotes less than.

 

7


CUSIP No. 45781U103

 

  1.    

  Names of Reporting Persons.

 

  Susan C. Oberndorf

  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

 

  USA

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With:

     5.     

  Sole Voting Power

 

  124 (1)

     6.   

  Shared Voting Power

 

  0

     7.   

  Sole Dispositive Power

 

  124 (1)

     8.   

  Shared Dispositive Power

 

  0

  9.    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  124

10.  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

  ☐

11.  

  Percent of Class Represented by Amount in Row (9)

 

  **0.1% (2)

12.  

  Type of Reporting Person (See Instructions)

 

  (IN)

 

(1)

All of these shares are held in Susan C. Oberndorfs Individual Retirement Account, which is self-directed.

(2)

Based on 38,257,326 shares of common stock outstanding as of December 31, 2019.

**

Denotes less than.

 

8


CUSIP No. 45781U103

 

  1.    

  Names of Reporting Persons.

 

  William Oberndorf

  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

 

  USA

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With:

     5.     

  Sole Voting Power

 

  0

     6.   

  Shared Voting Power

 

  3,929 (1)

     7.   

  Sole Dispositive Power

 

  0

     8.   

  Shared Dispositive Power

 

  3,929 (1)

  9.    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  3,929

10.  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

  ☐

11.  

  Percent of Class Represented by Amount in Row (9)

 

  **0.1% (2)

12.  

  Type of Reporting Person (See Instructions)

 

  (IN)

 

(1)

William E. Oberndorf is an authorized signatory for the account of William Oberndorf.

(2)

Based on 38,257,326 shares of common stock outstanding as of December 31, 2019.

**

Denotes less than.

 

9


Item 1.    (a)    Name of Issuer
      Instructure, Inc.
   (b)    Address of Issuers Principal Executive Offices
     

6330 South 3000 East, Suite 700

Salt Lake City, UT 84121

Item 2.    (a)    Name of Person Filing
     

William E. Oberndorf (WEO), Oberndorf Investments LLC, a Delaware limited liability company (OBI), Bill & Susan Oberndorf Foundation, a California corporation (Oberndorf Foundation), Peter C. Oberndorf (PCO), Caroline G. Oberndorf (CGO), Betty Jane Weimer (BJW), Susan C. Oberndorf (SCO) and William Oberndorf (WO). WEO, OBI, Oberndorf Foundation, PCO, CGO, BJW, SCO and WO are sometimes hereinafter referred to as the Reporting Persons.

 

The Reporting Persons are making this single, joint filing because they may be deemed to constitute a group within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended (the Act), although neither the fact of this filing nor anything contained herein shall be deemed to be an admission by the Reporting Persons that a group exists.

   (b), (c)    Address of Principal Business Office or, if None, Residence; Citizenship of Reporting Persons
     

The principal business address of WEO is 615 Front Street, San Francisco, CA 94111. WEO is a citizen of the United States of America.

 

The principal business address of OBI is 615 Front Street, San Francisco, CA 94111. OBI is a Delaware limited liability company.

 

The principal business address of Oberndorf Foundation is 615 Front Street, San Francisco, CA 94111. Oberndorf Foundation is a California corporation.

 

PCOs address is 615 Front Street, San Francisco, CA 94111. PCO is a citizen of the United States of America.

 

CGOs address is 615 Front Street, San Francisco, CA 94111. CGO is a citizen of the United States of America.

 

BJWs address is 615 Front Street, San Francisco, CA 94111. BJW is a citizen of the United States of America.

 

SCOs address is 615 Front Street, San Francisco, CA 94111. SCO is a citizen of the United States of America.

 

WOs address is 615 Front Street, San Francisco, CA 94111. SCO is a citizen of the United States of America.

   (d)    Title of Class of Securities
      Common Stock
   (e)    CUSIP Number:
      45781U103
Item 3.    Statement filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c):
   Not Applicable.

 

10


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.

 

     (b)     (a)      (c)(i)      (c)(ii)      (c)(iii)      (c)(iv)  
                  Common Stock  
                  Voting Power      Disposition Power  

Reporting Persons

   Percent of Class     Amount
Beneficially Owned
     Sole      Shared      Sole      Shared  

William E. Oberndorf

     2.8     1,079,684        244,866        834,818        244,866        834,818  

Oberndorf Investments LLC

     2.0     757,792        757,792        0        757,792        0  

Bill & Susan Oberndorf Foundation

     0.2     59,538        59,538        0        59,538        0  

Peter C. Oberndorf

     **0.1     8,900        0        8,900        0        8,900  

Caroline G. Oberndorf

     **0.1     57        0        57        0        57  

Betty Jane Weimer

     **0.1     4,602        0        4,602        0        4,602  

Susan C. Oberndorf

     **0.1     124        124        0        124        0  

William Oberndorf

     **0.1     3,929        0        3,929        0        3,929  

 

**

Denotes less than

The foregoing percentages are based on 38,257,326 shares of common stock outstanding as of December 31, 2019 as set forth in Instructure, Inc.s Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on January 2, 2020.

Instruction. For computations regarding securities which represent a right to acquire an underlying security see §240.13d-3(d)(1).

 

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 ☒.

Instruction. Dissolution of a group requires a response to this item.

 

Item 6.

Ownership of More than Five Percent on Behalf of Another Person.

No other persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from, or other proceeds from the sale of, the common stock held by the Reporting Persons.

 

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.

Certification.

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.

 

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.

 

February 13, 2020

/s/ Gary Scheier

Signature

Gary Scheier

Attorney-in-fact for:
William E. Oberndorf (1)

Oberndorf Investments LLC (1)

Bill & Susan Oberndorf Foundation (1)

Peter C. Oberndorf (1)
Caroline G. Oberndorf (1)

Betty Jane Weimer (1)

Susan C. Oberndorf (1)

William Oberndorf (1)

(1)   A Power of Attorney authorizing Gary Scheier to act on behalf of this person or entity was previously filed.

 

12


EXHIBIT INDEX

 

Exhibit    Document Description
A    Agreement Pursuant to Rule 13d-1(k)

 

13