Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Draper Fisher Jurvetson Fund VI, L.P.
  2. Issuer Name and Ticker or Trading Symbol
ATHENAHEALTH INC [ATHN]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
2882 SAND HILL ROAD, SUITE 150
3. Date of Earliest Transaction (Month/Day/Year)
03/20/2008
(Street)

MENLO PARK, CA 94025
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/20/2008   J(1)   1,842,150 D $ 0 1,842,150 (1) D (1) (2)  
Common Stock               173,293 I Draper Fisher Jurvetson Management Co. VI, LLC (3)
Common Stock 03/20/2008   J(4)   134,358 D $ 0 134,358 (4) I Draper Fisher Jurvetson Partners VI, LLC (4)
Common Stock               84,561 I Timothy C. Draper (5)
Common Stock               86,857 I John H.N. Fisher (6)
Common Stock               72,153 I Stephen T. Jurvetson (7)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Draper Fisher Jurvetson Fund VI, L.P.
2882 SAND HILL ROAD, SUITE 150
MENLO PARK, CA 94025
    X    
DRAPER TIMOTHY C
2882 SAND HILL ROAD, SUITE 150
MENLO PARK, CA 94025
    X    
Fisher John H N
2882 SAND HILL ROAD, SUITE 150
MENLO PARK, CA 94025
    X    
Jurvetson Stephen T
2882 SAND HILL ROAD, SUITE 150
MENLO PARK, CA 94025
    X    
Draper Fisher Jurvetson Management Co. VI, LLC
2882 SAND HILL ROAD, SUITE 150
MENLO PARK, CA 94025
    X    
Draper Fisher Jurvetson Partners VI, LLC
2882 SAND HILL ROAD, SUITE 150
MENLO PARK, CA 94025
    X    

Signatures

 /s/ Timothy C. Draper   03/24/2008
**Signature of Reporting Person Date

 /s/ John H. N. Fisher   03/24/2008
**Signature of Reporting Person Date

 /s/ Stephen T. Jurvetson   03/24/2008
**Signature of Reporting Person Date

 /s/ Timothy C. Draper, Managing Member, Draper Fisher Jurvetson Management Co. VI, LLC (General Partner) for Draper Fisher Jurvetson Fund VI, L.P.   03/24/2008
**Signature of Reporting Person Date

 /s/ Timothy C. Draper, Managing Member for Draper Fisher Jurvetson Management Co. VI, LLC   03/24/2008
**Signature of Reporting Person Date

 /s/ Timothy C. Draper, Managing Member for Draper Fisher Jurvetson Partners VI, LLC   03/24/2008
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) On March 20, 2008, Draper Fisher Jurvetson Fund VI ("Fund VI"), made an in-kind distribution, without any additional consideration, of Common Stock of AthenaHealth, Inc. to the limited and general partner of Fund VI. In turn, the general partner will make an in-kind distribution of the shares it received to its members.
(2) Represents shares owned directly by Draper Fisher Jurvetson Fund VI, L.P. ("Fund VI").
(3) Represents shares owned directly by Draper Fisher Jurvetson Management Co. VI, LLC ("General Partner").
(4) On March 20, 2008, Draper Fisher Jurvetson Partners VI, LLC (the "Side Fund") made an in-kind distribution, without any additional consideration, of Common Stock of AthenaHealth, Inc. to its members. Represents shares owned directly by Draper Fisher Jurvetson Partners VI, LLC.
(5) Represents 26,686 shares owned directly by Mr. Draper, represents 4,995 shares held through Fund VI, 47,350 shares held through the General Partner of Fund VI and 5,530 shares held through Draper Associates, L.P. of which Mr. Draper is the President of the General Partner.
(6) Represents 18,026 shares owned directly by Mr. Fisher, 18,026 shares held through the Side Fund, 45,957 shares held through the General Partner of Fund VI and 4,848 shares held through Fund VI.
(7) Represents 10,674 shares owned directly by Mr. Jurvetson, 10,674 shares held through the Side Fund, 45,957 shares held through the General Partner of Fund VI and 4,848 shares held through Fund VI.
 
Remarks:
This Form 4 is filed on behalf of (i) Draper Fisher Jurvetson Fund VI, L.P., a California limited partnership; (ii) Draper Fisher Jurvetson Management Co. VI, LLC, a California limited liability company, (iii)  Draper Fisher Jurvetson Partners VI, LLC, a California limited liability company; (iv) Timothy C. Draper, a United States citizen ("Draper"); John H. N. Fisher, a United States citizen ("Fisher") and Stephen T. Jurvetson, a United States citizen ("Jurvetson").

Relationships:

(1)  Draper Fisher Jurvetson Fund VI, L.P. is a California limited partnership ("Fund VI").

(2)  Draper Fisher Jurvetson Management Co. VI, LLC (the "General Partner") is the general partner of Fund VI.  The managing members of the general partner of Fund VI are Messrs. Draper, Fisher and Jurvetson.

(3)  Draper Fisher Jurvetson Partners VI, LLC (the "Side Fund") is a side-by-side fund of Fund VI.  The managing members of the Side Fund are Messrs. Draper, Fisher and Jurvetson. Decisions with respect to Side Fund securities are made automatically in conjunction with decisions by Fund VI.

Messrs. Draper, Fisher and Jurvetson disclaim beneficial ownership of the shares held directly by Fund VI, the General Partner of Fund VI and the Side Fund to Fund VI, except to the extent of their pecuniary interest therein.

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