Filing Details

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D/A

(Amendment No. 5)

Under the Securities Exchange Act of 1934

 

 

Apptio, Inc.

(Name of Issuer)

Class A Common Stock, par value $0.0001

(Title of Class of Securities)

03835C108

(CUSIP Number)

Sachin Gupta

Apptio, Inc.

11100 NE 8th Street, Suite 600

Bellevue, WA 98004

(866) 470-0320

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

May 11, 2018

(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(b) for other parties to whom copies are to be sent.

 

 

 

*	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).

 

 

 

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CUSIP No. 03835C108

 

1.		NAMES OF REPORTING PERSONS   Sachin Gupta
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)   OO (See Item 3)
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 of America

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH				7.		SOLE VOTING POWER   5,334,248
				8.		SHARED VOTING POWER   0
				9.		SOLE DISPOSITIVE POWER   5,334,248
				10.		SHARED DISPOSITIVE POWER   0

11.		AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   5,334,248
12.		CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)   ☐
13.		PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)   12.0%
14.		TYPE OF REPORTING PERSON (See Instructions)   IN

 

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Item 1.

Security and Issuer

This Statement on Schedule 13D relates to the Class A common stock, par value $0.0001 per share (the Class A Common Stock), of Apptio, Inc., a Delaware corporation (the Issuer), having its principal executive offices located at 11100 NE 8th Street, Suite 600 Bellevue, WA 98004.

On May 10, 2018, all outstanding shares of Class B Common Stock, par value $0.0001 per share, automatically converted into the same number of shares of Class A Common Stock, par value $0.0001 per share, pursuant to the terms of the Amended and Restated Certificate of Incorporation (the Certificate) of the Issuer (the Conversion).

The Conversion occurred pursuant to Article IV, Section D.3 of the Certificate, which provided that each one share of Class B Common Stock would convert automatically, without any further action, into one share of Class A Common Stock, par value $0.0001 per share, at 5:00 p.m. New York City time on the first trading day falling on or after the date on which the outstanding shares of Class B Common Stock represent less than 25% of the aggregate number of shares of the then outstanding Class A Common Stock and Class B Common Stock.

 

Item 2.

Identity and Background

 

(a)

This Schedule 13D is filed by Sachin Gupta (the Reporting Person).

 

(b)

The address of the principal business office of the Reporting Person is 11100 NE 8th Street, Suite 600 Bellevue, WA 98004.

 

(c)

The Reporting Person is the president, chief executive officer and a member of the board of directors of the Issuer.

 

(d)

During the five years prior to the date hereof, the Reporting Person has not been convicted in a criminal proceeding.

 

(e)

During the five years prior to the date hereof, the Reporting Person has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction ending in a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or State securities laws or finding any violation with respect to such laws.

 

(f)

The Reporting Person is a U.S. Citizen.

 

Item 3.

Source and Amount of Funds or Other Consideration

Prior to the Conversion, the Reporting Persons beneficial ownership of Class A Common Stock as of April 19, 2018 included 4,502,440 shares of Class B common stock, par value $0.0001 per share, of the Issuer (the Class B Common Stock, and together with the Class A Common Stock, the Common Stock) acquired in connection with the Issuers initial public offering of its Class A Common Stock, which closed on September 28, 2016, 4,039,852 shares held by the Reporting Person directly, and 462,588 shares held by the Reporting Person indirectly through Sachin Gupta, Trustee of the PG GRAT of 2016 dated July 19, 2016. The Reporting Persons beneficial ownership of Class A Common Stock also included 819,497 shares of Class B Common Stock issuable pursuant to stock options vested and exercisable within 60 days of April 19, 2018, subject to the Reporting Persons continued service. These securities are governed by the Issuers 2011 Executive Equity Incentive Plan (the 2011 Plan) and were granted in connection with the Reporting Persons service as an officer of the Issuer. No additional consideration was paid by the Reporting Person in connection with the receipt of such options. In connection with the Issuers initial public offering, shares of equity securities beneficially owned by the Reporting Person were converted into shares of Class B Common Stock on a one-for-one basis. Shares of Class B Common Stock were convertible at any time, at the holders election, into Class A Common Stock on a one-for-one basis. As of April 19, 2018, the Reporting Person also held 377 shares of Class A Common Stock received in the first quarter of 2017 pursuant to a pro rata distribution of shares by an investment fund in which the Reporting Person had an ownership interest, 13,600 shares of Class A Common Stock issuable pursuant to stock options vested and exercisable within 60 days of April 19, 2018 subject to the Reporting Persons continued service, and 13,200 shares of Class A Common Stock issuable pursuant to restricted stock units vested and exercisable within 60 days of April 19, 2018 subject to the Reporting Persons continued service. These stock options and restricted stock units are governed by the Issuers 2011 Plan and 2016 Equity Incentive Plan (the 2016 Plan) and were granted in connection with the Reporting Persons service as an officer of the Issuer. No additional consideration was paid by the Reporting Person in connection with the receipt of such securities.

As a result of the Conversion, 5,330,271 shares of Class B Common Stock beneficially owned by the Reporting Person as of May 11, 2018, were converted into 5,330,271 shares of Class A Common Stock, which number includes 462,588 shares held by the Reporting

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Person indirectly through Sachin Gupta, Trustee of the PG GRAT of 2016 dated July 19, 2016, and 827,831 shares of Class B Common Stock issuable pursuant to stock options vested and exercisable within 60 days of May 11, 2018, subject to the Reporting Persons continued service.

Following the Conversion, the Reporting Persons beneficial ownership includes 5,334,248 shares of Class A Common, of which 4,017,029 shares are held by the Reporting Person directly and 462,588 shares are held by the Reporting Person indirectly through Sachin Gupta, Trustee of the PG GRAT of 2016 dated July 19, 2016, 841,431 shares of Class A Common Stock issuable pursuant to stock options vested and exercisable within 60 days of May 11, 2018 subject to the Reporting Persons continued service, and 13,200 shares of Class A Common Stock issuable pursuant to restricted stock units vested and exercisable within 60 days of May 11, 2018 subject to the Reporting Persons continued service. The Reporting Person holds additional options and restricted stock units to purchase or convert into 284,569 shares of Class A Common Stock which are not vested and exercisable within 60 days of May 11, 2018. These securities are governed by the 2011 Plan and the 2016 Plan and were granted in connection with the Reporting Persons service as an officer of the Issuer. No additional consideration was paid by the Reporting Person in connection with the receipt of such securities.

 

Item 4.

Purpose of Transaction

As described in Item 3 above, the shares of Class A Common Stock beneficially owned by the Reporting Person were acquired in connection with the Issuers initial public offering. The Reporting Person is a co-founder and the president, chief executive officer and a member of the board of directors of the Issuer. Prior to the Issuers initial public offering, the Reporting Person beneficially owned approximately 18.7% of the equity securities of the Issuer.

The Reporting Person has no present plans or proposals for acquisition of additional shares or for disposition of the shares beneficially owned by him, other than periodic sales of shares pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 22, 2018. The Reporting Person, however, expects to evaluate on a continuing basis his goals and objectives, other business opportunities available to him, and general economic and equity market conditions, as well as the Issuers business operations and prospects. Based on such evaluations, the Reporting Person may change his plans and intentions and may determine to sell or otherwise dispose of some or all of the shares beneficially owned by him or to acquire additional shares. In addition, the Reporting Person may, from time to time, transfer shares beneficially owned by him for tax or other economic planning purposes.

Except as set forth in this Schedule 13D, the Reporting Person does not have any present plans which relate to or would result in:

 

(a)

The acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer;

 

(b)

An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries;

 

(c)

A sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries;

 

(d)

Any change in the present board of directors or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board;

 

(e)

Any material change in the present capitalization or dividend policy of the Issuer;

 

(f)

Any other material change in the Issuers business or corporate structure;

 

(g)

Any changes in the Issuers charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any person;

 

(h)

A class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association;

 

(i)

A class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Securities Exchange Act of 1934; or

 

(j)

Any action similar to any of those enumerated above.

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Item 5.

Interest in Securities of the Issuer

 

(a)

As of May 11, 2018, the Reporting Person beneficially owns 5,334,248 shares of Class A Common, of which 4,017,029 shares are held by the Reporting Person directly and 462,588 shares are held by the Reporting Person indirectly through Sachin Gupta, Trustee of the PG GRAT of 2016 dated July 19, 2016, 841,431 shares of Class A Common Stock are issuable pursuant to stock options vested and exercisable within 60 days of May 11, 2018, and 13,200 shares of Class A Common Stock are issuable pursuant to restricted stock units vested and exercisable within 60 days of May 11, 2018, subject to the Reporting Persons continued service. The Reporting Person holds additional options and restricted stock units to purchase or convert into 284,569 shares of Class A Common Stock which are not vested and exercisable within 60 days of May 11, 2018. The Reporting Persons holdings represent approximately 12.0% of the Issuers Class A Common Stock.1

 

(b)

As of May 11, the Reporting Person has the sole power to vote or direct the voting of, and sole power to dispose or direct the disposition of 5,334,248 shares of Class A Common Stock beneficially owned by him.

 

(c)

Except as disclosed in Item 3 and Item 5, the Reporting Person has not effected any transactions with respect to the shares of Class A Common Stock beneficially held by him during the past sixty (60) days.

 

(d)

Not applicable.

 

(e)

Not applicable.

 

Item 6.

Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

The Reporting Person is the president and chief executive officer of the Issuer and is a member of the Issuers board of directors and, accordingly, may have the ability to effect and influence control of the Issuer.

The Reporting Person is a party to the Amended and Restated Investors Rights Agreement dated as May 3, 2013, by and among the Issuer and certain investors of the Issuer (the Rights Agreement). Beginning six months following the Issuers initial public offering, various parties to the Rights Agreement have the right to demand that the Issuer use its best efforts to file a registration statement for the registration of the offer and sale of at least such number of shares as will result in anticipated offering proceeds in excess of $10.0 million. In addition, at any time after the Issuer is qualified to file a registration statement on Form S-3, various parties to the Rights Agreement have the right to demand that the Issuer file a registration statement on Form S-3 so long as the aggregate number of shares to be offered and sold equals at least $1.0 million. If the Issuer proposes to register the offer and sale of any of its securities either for its own account or for the account of other stockholders, various parties to the Rights Agreement have the right, subject to certain exceptions, to include their shares in such registration statement. The foregoing description of the Rights Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Rights Agreement, as amended, included as Exhibit 4.2 and Exhibit 4.2A to the Registration Statement.

The Reporting Person is also a party to agreements under the 2011 Plan and 2016 Plan. In December 2011, the Reporting Person received a stock option exercisable for 450,000 shares of Class A Common Stock at a price of $2.39 per share, all of which are exercisable within 60 days of May 11, 2018. In June 2014, the Reporting Person received a stock option exercisable for 182,000 shares of Class A Common Stock at a price of $11.46 per share, all of which are exercisable within 60 days of May 11, 2018. In November 2015, the Reporting Person received a stock option exercisable for 400,000 shares of Class A Common Stock at a price of $14.31 per share, of which 195,831 are exercisable within 60 days of May 11, 2018. In May 2017, the Reporting Person received a stock option exercisable for 54,400 shares of Class A Common Stock at a price of $14.04 per share, of which 13,600 shares are exercisable within 60 days of May 11, 2018. In May 2017, the Reporting Person received an award of restricted stock units exercisable for 52,800 shares of Class A Common Stock, of which 13,200 are exercisable within 60 days of May 11, 2018.

 

 

1

Calculated as the quotient obtained by dividing the aggregate number of shares of Class A Common Stock beneficially owned by the Reporting Person as set forth in Row 9 by 43,674,926 shares of Class A Common Stock outstanding as of May 10, 2018, as reported in the Issuers Form 8-A/A (Amendment No. 1), filed May 11, 2018.

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Other than the agreements and relationships between the Reporting Persons described in Item 5 above in this Item 6, to the knowledge of the Reporting Person, there are no contracts, arrangements, understandings or relationships (legal or otherwise) among the Reporting Person and any persons with respect to any securities of the Issuer, including, but not limited to, transfer or voting of any of the Shares, finders fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss, or the giving of withholding of proxies.

 

Item 7.

Material to Be Filed as Exhibits

 

Exhibit Number		Title		Incorporation by Reference
				Form		File No.		Exhibit		Filing Date
7.1		Form of Stock Option Grant Notice and Stock Option Agreement under the 2011 Executive Equity Incentive Plan, as amended		S-1		333-213334		10.18		August 26, 2016
7.2		Amended and Restated Investors Rights Agreement, dated May 3, 2013, by and among the registrant and the investors and founders named therein		S-1		333-213334		4.2		August 26, 2016
7.3		Amendment to the Amended and Restated Investors Rights Agreement, dated October 11, 2013		S-1		333-213334		4.2A		August 26, 2016
7.4		Form of Stock Option Grant Notice and Stock Option Agreement under the 2016 Equity Incentive Plan		S-1/A		333-213334		10.21		September 12, 2016
7.5		Form of Restricted Stock Unit Grant Notice and Restricted Stock Unit Agreement under the 2016 Equity Incentive Plan		S-1/A		333-213334		10.23		September 12, 2016
7.6		Certificate of Retirement		8-A/A		001-37885		3.1		May 11, 2018

 

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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: May 18, 2018		/s/ Sachin Gupta
		Sachin Gupta