UNITED STATES

 

 

SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934
(Amendment No.     )*

 

INSTRUCTURE, INC.

(Name of Issuer)

 

Common Stock, $0.0001 par value

(Title of Class of Securities)

 

45781U103

(CUSIP Number)

 

December 31, 2015

Date of Event Which Requires Filing of the Statement

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o

Rule 13d-1(b)

o

Rule 13d-1(c)

x

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 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

13G

 

 

 

1.

Name of Reporting Person
OpenView Management, LLC

 

 

2.

Check the Appropriate Box if a Member of a Group

 

 

(a)

o

 

 

(b)

x

 

 

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
0

 

6.

Shared Voting Power
4,953,126

 

7.

Sole Dispositive Power
0

 

8.

Shared Dispositive Power
4,953,126

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
4,953,126

 

 

10.

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
18.7%

 

 

12.

Type of Reporting Person
OO

 

2


 

 

1.

Name of Reporting Person
Scott M. Maxwell

 

 

2.

Check the Appropriate Box if a Member of a Group

 

 

(a)

o

 

 

(b)

x

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
United States of America

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
0

 

6.

Shared Voting Power
4,953,126

 

7.

Sole Dispositive Power
0

 

8.

Shared Dispositive Power
4,953,126

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
4,953,126

 

 

10.

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
18.7%

 

 

12.

Type of Reporting Person
IN

 

3


 

 

1.

Name of Reporting Person
OpenView Affiliates Fund II, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group

 

 

(a)

o

 

 

(b)

x

 

 

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
0

 

6.

Shared Voting Power
116,312

 

7.

Sole Dispositive Power
0

 

8.

Shared Dispositive Power
116,312

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
116,312

 

 

10.

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
0.4%

 

 

12.

Type of Reporting Person
PN

 

4


 

 

1.

Name of Reporting Person
OpenView Affiliates Fund, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group

 

 

(a)

o

 

 

(b)

x

 

 

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
0

 

6.

Shared Voting Power
175,251

 

7.

Sole Dispositive Power
0

 

8.

Shared Dispositive Power
175,251

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
175,251

 

 

10.

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
0.7%

 

 

12.

Type of Reporting Person
PN

 

5


 

 

1.

Name of Reporting Person
OpenView Venture Partners II, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group

 

 

(a)

o

 

 

(b)

x

 

 

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
0

 

6.

Shared Voting Power
2,360,251

 

7.

Sole Dispositive Power
0

 

8.

Shared Dispositive Power
2,360,251

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
2,360,251

 

 

10.

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
8.9%

 

 

12.

Type of Reporting Person
PN

 

6


 

 

1.

Name of Reporting Person
OpenView Venture Partners, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group

 

 

(a)

o

 

 

(b)

x

 

 

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
0

 

6.

Shared Voting Power
2,301,312

 

7.

Sole Dispositive Power
0

 

8.

Shared Dispositive Power
2,301,312

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
2,301,312

 

 

10.

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
8.7%

 

 

12.

Type of Reporting Person
PN

 

7


 

Item 1(a)

Name of Issuer
Instructure, Inc.

Item 1(b)

Address of Issuer’s Principal Executive Offices
6330 South 3000 East, Suite 700
Salt Lake City, UT 84121

 

Item 2(a)

Name of Person Filing
This statement is being filed by the following persons with respect to the shares (the “Shares”) of common stock (“Common Stock”) of the Issuer directly owned by OpenView Affiliates Fund II, L.P. (“OAF II LP”), OpenView Affiliates Fund, L.P. (“OAF LP”), OpenView Venture Partners II, L.P. (“OVP II LP”) and OpenView Venture Partners, L.P. (“OVP LP” and, collectively, the “Funds”).

 

(a)                                OpenView Management, LLC (“OVM LLC”), which is the general partner of OpenView General Partner II, L.P. (“OGP II LP”), which is the general partner of OAF II LP and OVP II LP.  OVM LLC is also the general partner of OpenView General Partner, L.P. (“OGP LP”), which is the general partner of OAF LP and OVP LP.

(b)                                Scott M. Maxwell is the sole manager of OVM LLC.

(c)                                 OAF II LP, which directly owns 116,312 shares;

(d)                                OAF LP, which directly owns 175,251 shares;

(e)                                 OVP II LP, which directly owns 2,360,251 shares;

(f)                                  OVP LP, which directly owns 2,301,312 shares;

 

OVM LLC, Scott M. Maxwell and the Funds are sometimes individually referred to herein as a “Reporting Person” and collectively as the “Reporting Persons.”

Item 2(b)

Address of Principal Business Office
303 Congress Street, 7th Floor
Boston, MA 02210

Item 2(c)

Citizenship

 

 

 

 

OVM LLC

 

Delaware

 

Scott M. Maxwell

 

United States of America

 

OAF II LP

 

Delaware

 

OAF LP

 

Delaware

 

OVP II LP

 

Delaware

 

OVP LP

 

Delaware

 

Item 2(d)

Title of Class of Securities
Common Stock, $0.0001 par value

Item 2(e)

CUSIP Number
45781U103

 

Item 3

If this statement is filed pursuant to §§ 240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a:

 

Not applicable.

 

8


 

Item 4

Ownership

For OVM LLC:

 

(a)

Amount beneficially owned:   

4,953,126 shares of Common Stock

 

(b)

Percent of class:   

18.7%

 

(c)

Number of shares as to which such person has:

 

 

 

(i)

Sole power to vote or to direct the vote:   

0

 

 

(ii)

Shared power to vote or to direct the vote:    

4,953,126

 

 

(iii)

Sole power to dispose or to direct the disposition of:   

0

 

 

(iv)

Shared power to dispose or to direct the disposition of:   

4,953,126

For Scott M. Maxwell:

 

(a)

Amount beneficially owned:   

4,953,126 shares of Common Stock

 

(b)

Percent of class:   

18.7%

 

(c)

Number of shares as to which such person has:

 

 

 

(i)

Sole power to vote or to direct the vote:   

0

 

 

(ii)

Shared power to vote or to direct the vote:    

4,953,126

 

 

(iii)

Sole power to dispose or to direct the disposition of:   

0

 

 

(iv)

Shared power to dispose or to direct the disposition of:   

4,953,126

 

For OAF II LP:

 

(a)

Amount beneficially owned:   

116,312 shares of Common Stock

 

(b)

Percent of class:   

0.4%

 

(c)

Number of shares as to which such person has:

 

 

 

(i)

Sole power to vote or to direct the vote:   

0

 

 

(ii)

Shared power to vote or to direct the vote:    

116,312

 

 

(iii)

Sole power to dispose or to direct the disposition of:   

0

 

 

(iv)

Shared power to dispose or to direct the disposition of:   

116,312

 

9


 

For OAF LP:

 

(a)

Amount beneficially owned:   

175,251 shares of Common Stock

 

(b)

Percent of class:   

0.7%

 

(c)

Number of shares as to which such person has:

 

 

 

(i)

Sole power to vote or to direct the vote:   

0

 

 

(ii)

Shared power to vote or to direct the vote:    

175,251

 

 

(iii)

Sole power to dispose or to direct the disposition of:   

0

 

 

(iv)

Shared power to dispose or to direct the disposition of:   

175,251

For OVP II LP:

 

(a)

Amount beneficially owned:   

2,360,251 shares of Common Stock

 

(b)

Percent of class:   

8.9%

 

(c)

Number of shares as to which such person has:

 

 

 

(i)

Sole power to vote or to direct the vote:   

0

 

 

(ii)

Shared power to vote or to direct the vote:    

2,360,251

 

 

(iii)

Sole power to dispose or to direct the disposition of:   

0

 

 

(iv)

Shared power to dispose or to direct the disposition of:   

2,360,251

 

For OVP LP:

 

(a)

Amount beneficially owned:   

2,301,312 shares of Common Stock

 

(b)

Percent of class:   

8.7%

 

(c)

Number of shares as to which such person has:

 

 

 

(i)

Sole power to vote or to direct the vote:   

0

 

 

(ii)

Shared power to vote or to direct the vote:    

2,301,312

 

 

(iii)

Sole power to dispose or to direct the disposition of:   

0

 

 

(iv)

Shared power to dispose or to direct the disposition of:   

2,301,312

 

 

10


 

Item 5

Ownership of Five Percent or Less of a Class

Not applicable.

 

Item 6

Ownership of More than Five Percent on Behalf of Another Person

Not applicable.

 

Item 7

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company

Not applicable.

 

Item 8

Identification and Classification of Members of the Group

Not applicable.

 

Item 9

Notice of Dissolution of Group

Not applicable.

 

11


 

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.

 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.

 

DATED: February   11    , 2016

 

 

 

SCOTT M. MAXWELL

 

 

 

/s/ Scott M. Maxwell

 

 

 

 

 

OPENVIEW MANAGEMENT, LLC

 

 

 

/s/ Rufus C. King

 

Rufus C. King, Chief Legal Officer

 

 

 

 

 

OPENVIEW AFFILIATES FUND II, L.P.

 

 

 

By: OpenView General Partner II, L.P., general partner

 

 

 

By: OpenView Management, LLC, general partner

 

 

 

/s/ Rufus C. King

 

Rufus C. King, Chief Legal Officer

 

 

 

 

 

OPENVIEW AFFILIATES FUND, L.P.

 

 

 

By: OpenView General Partner, L.P., general partner

 

 

 

By: OpenView Management, LLC, general partner

 

 

 

/s/ Rufus C. King

 

Rufus C. King, Chief Legal Officer

 

 

 

 

 

OPENVIEW VENTURE PARTNERS, L.P.

 

 

 

By: OpenView General Partner, L.P., general partner

 

 

 

By: OpenView Management, LLC, general partner

 

 

 

/s/ Rufus C. King

 

Rufus C. King, Chief Legal Officer

 

 

 

 

 

OPENVIEW VENTURE PARTNERS II, L.P.

 

 

 

By: OpenView General Partner II, L.P., general partner

 

 

 

By: OpenView Management, LLC, general partner

 

 

 

/s/ Rufus C. King

 

Rufus C. King, Chief Legal Officer

 

12


 

CUSIP No. 45781U103

 

 

 

EXHIBIT I

 

JOINT FILING AGREEMENT

 

Pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree that only one statement containing the information required by Schedule 13G need be filed with respect to the ownership by each of the undersigned of the shares of Common Stock of Instructure, Inc.

 

This Agreement may be executed in any number of counterparts, each of which shall be deemed an original.

 

EXECUTED as of this   11th    day of February, 2016.

 

 

 

SCOTT M. MAXWELL

 

 

 

/s/  Scott M. Maxwell

 

 

 

 

 

OPENVIEW MANAGEMENT, LLC

 

 

 

/s/ Rufus C. King

 

Rufus C. King, Chief Legal Officer

 

 

 

 

 

OPENVIEW AFFILIATES FUND II, L.P.

 

 

 

By: OpenView General Partner II, L.P., general partner

 

 

 

By: OpenView Management, LLC, general partner

 

 

 

/s/ Rufus C. King

 

Rufus C. King, Chief Legal Officer

 

 

 

 

 

OPENVIEW AFFILIATES FUND, L.P.

 

 

 

By: OpenView General Partner, L.P., general partner

 

 

 

By: OpenView Management, LLC, general partner

 

 

 

/s/ Rufus C. King

 

Rufus C. King, Chief Legal Officer

 

 

 

 

 

OPENVIEW VENTURE PARTNERS, L.P.

 

 

 

By: OpenView General Partner, L.P., general partner

 

13


 

 

By: OpenView Management, LLC, general partner

 

 

 

/s/ Rufus C. King

 

Rufus C. King, Chief Legal Officer

 

 

 

 

 

OPENVIEW VENTURE PARTNERS II, L.P.

 

 

 

By: OpenView General Partner II, L.P., general partner

 

 

 

By: OpenView Management, LLC, general partner

 

 

 

/s/ Rufus C. King

 

Rufus C. King, Chief Legal Officer

 

14