Filing Details

Accession Number:
0001181431-13-044290
Form Type:
4
Zero Holdings:
No
Publication Time:
2013-08-12 21:30:48
Reporting Period:
2013-08-08
Filing Date:
2013-08-12
Accepted Time:
2013-08-12 21:30:48
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1345016 Yelp Inc YELP Services-Personal Services (7200) 201854266
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1362888 Bessemer Venture Partners Co-Investment L.p. C/O Bessemer Venture Partners
1865 Palmer Avenue, Suite 104
Larchmont NY 10538
Yes No Yes No
1362889 L.p. Institutional Vi Partners Venture Bessemer C/O Bessemer Venture Partners
1865 Palmer Avenue, Suite 104
Larchmont NY 10538
No No Yes No
1362890 Deer Vi & Co. Llc C/O Bessemer Venture Partners
1865 Palmer Avenue, Suite 104
Larchmont NY 10538
Yes No No No
1362891 L.p. Vi Partners Venture Bessemer C/O Bessemer Venture Partners
1865 Palmer Avenue, Suite 104
Larchmont NY 10538
Yes No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Acquisiton 2013-08-08 710,292 $0.00 710,292 No 4 C Indirect See footnotes
Class A Common Stock Disposition 2013-08-08 710,292 $51.32 0 No 4 S Indirect See footnotes
Class A Common Stock Acquisiton 2013-08-09 603,767 $0.00 603,767 No 4 C Indirect See footnotes
Class A Common Stock Disposition 2013-08-09 603,767 $51.51 0 No 4 S Indirect See footnotes
Class A Common Stock Acquisiton 2013-08-12 425,566 $0.00 425,566 No 4 C Indirect See footnotes
Class A Common Stock Disposition 2013-08-12 425,566 $52.20 0 No 4 S Indirect See footnotes
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 C Indirect See footnotes
No 4 S Indirect See footnotes
No 4 C Indirect See footnotes
No 4 S Indirect See footnotes
No 4 C Indirect See footnotes
No 4 S Indirect See footnotes
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Stock Class B Common Stock Disposition 2013-08-08 710,292 $0.00 710,292 $0.00
Class A Common Stock Class B Common Stock Disposition 2013-08-09 603,767 $0.00 603,767 $0.00
Class A Common Stock Class B Common Stock Disposition 2013-08-12 425,566 $0.00 425,566 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
3,923,309 No 4 C Indirect
3,319,542 No 4 C Indirect
2,893,976 No 4 C Indirect
Footnotes
  1. Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock and has no expiration date. All Class A Common Stock and Class B Common Stock will convert automatically into a single class of Common Stock on the earlier of (i) the date on which the number of outstanding shares of Class B Common Stock represents less than 10% of the aggregate combined number of outstanding shares of Class A Common Stock and Class B Common Stock and (ii) seven years following the effective date of the Issuer's initial public offering. In addition, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock (i) upon any transfer, whether or not for value (subject to certain exceptions), or (ii) in the event of the death or disability (as defined in the amended and restated certificate of incorporation of the Issuer) of the Reporting Person.
  2. Represents 515,679 shares sold by Bessemer Venture Partners VI, L.P. ("BVP VI"), 182,187 shares sold by Bessemer Venture Partners Co-Investment LP ("BVP Co-Investment") and 12,426 shares sold by Bessemer Venture Partners VI Institutional L.P. ("BVP Institutional," and together with BVP VI and BVP Co-Investment, the "Funds").
  3. The price reported represents the weighted average sale price of the shares sold. The prices of the shares sold in the Reported Transaction ranged from $50.98 to $52.77. The Reporting Person hereby undertakes, upon request of the Staff of the U.S. Securities and Exchange Commission, the Issuer or a security holder of the Issuer, to provide full information regarding the number of shares sold at each separate price.
  4. After the reported transaction, BVP VI owned 2,848,365 shares, BVP Co-Investment owned 1,006,312 shares, and BVP Institutional owned 68,632 shares.
  5. Jeremy Levine, a managing member of Deer Management Co. LLC, the management company affiliate of the Funds, serves as the representative of the Funds and Deer VI (defined below) on the Issuer's board of directors.
  6. Deer VI & Co., LLC ("Deer VI") is the general partner of each of the Funds. Deer VI disclaims beneficial ownership of the securities owned directly by the Funds, and this report shall not be deemed as an admission that Deer VI is the beneficial owner of such securities, except to the extent of its pecuniary interest therein, if any, by virtue of its general partner interests in the Funds.
  7. Represents 438,341 shares sold by BVP VI, 154,864 shares sold by BVP Co-Investment and 10,562 shares sold by BVP Institutional.
  8. After the reported transaction, BVP VI owned 2,410,024 shares, BVP Co-Investment owned 851,448 shares, and BVP Institutional owned 58,700 shares.
  9. The price reported represents the weighted average sale price of the shares sold. The prices of the shares sold in the Reported Transaction ranged from $50.98 to $51.92. The Reporting Person hereby undertakes, upon request of the Staff of the U.S. Securities and Exchange Commission, the Issuer or a security holder of the Issuer, to provide full information regarding the number of shares sold at each separate price.
  10. Represents 308,965 shares sold by BVP VI, 109,156 shares sold by BVP Co-Investment and 7,445 shares sold by BVP Institutional.
  11. After the reported transaction, BVP VI owned 2,101,059 shares, BVP Co-Investment owned 742,292 shares, and BVP Institutional owned 50,625 shares.
  12. The price reported represents the weighted average sale price of the shares sold. The prices of the shares sold in the Reported Transaction ranged from $50.98 to $53.34. The Reporting Person hereby undertakes, upon request of the Staff of the U.S. Securities and Exchange Commission, the Issuer or a security holder of the Issuer, to provide full information regarding the number of shares sold at each separate price.