SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13D/A
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(Amendment No. 3)(*)
Chordiant Software, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
170404107
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(CUSIP Number)
Theodore R. Meyer
70 Willow Road, Suite 200
Menlo Park, CA 94024
650/614-0500
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
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(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 ss.ss.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 ss.240.13d-7 for other
parties to whom copies are to be sent.
*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).
(Continued on following pages)
(Page 1 of 8 Pages)
CUSIP No. 170404107 SCHEDULE 13D/A Page 2 of 8 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Foundation Capital, L.P. 94-3233429
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware, United States of America
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7 SOLE VOTING POWER
0 shares
--------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 0 shares
OWNED BY --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0 shares
WITH --------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0 shares
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 shares
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
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14 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 170404107 SCHEDULE 13D/A Page 3 of 8 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Foundation Capital Entrepreneurs Fund, L.L.C. 94-3241514
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware, United States of America
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7 SOLE VOTING POWER
0 shares
--------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 0 shares
OWNED BY --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0 shares
WITH --------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0 shares
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 shares
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 170404107 SCHEDULE 13D/A Page 4 of 8 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Foundation Capital Management, L.L.C. 94-3233430
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware, United States of America
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7 SOLE VOTING POWER
0 shares
--------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 0 shares
OWNED BY --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0 shares
WITH --------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0 shares
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 shares
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 170404107 SCHEDULE 13D/A Page 5 of 8 Pages
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Item 1 Security and Issuer
This Amendment No. 3 to Schedule 13D is being filed on behalf of the undersigned
to amend the Schedule 13D originally filed on February 14, 2002 (the "Schedule
13D"). Unless otherwise indicated, all capitalized terms used herein but not
defined shall have the same meaning as set forth in the Schedule 13D.
(a) Name of the Issuer: Chordiant Software, Inc. (the "Issuer")
(b) Title of Security: Common Stock, par value $0.001 per share
(the "Common Stock")
(c) The Issuer's principal executive office: 20400 Stevens Creek Boulevard,
Suite 400 Cupertino, CA 95014
Item 2 Identity and Background
(a) Name:
Foundation Capital, L.P. ("FC")
Foundation Capital Entrepreneurs Fund, L.L.C. ("FCE")
Foundation Capital Management, L.L.C. ("FCM")
(b) Residence or business address:
c/o Foundation Capital
70 Willow Road, Suite 200
Menlo Park, CA 94025
(c) Principal Business/Principal Occupation:
The principal business of FC and FCE is acting as venture capital investment
vehicles. FCM serves as the sole general partner of FC and FCE.
(d) Convictions in criminal proceedings in the last 5 years:
None.
(e) Judgments for violations of Securities Laws in the last 5 years:
None.
(f) Citizenship:
Entities: FC - Delaware
FCE - Delaware
FCM - Delaware
Item 3 Source and Amount of Funds or Other Consideration
Not applicable.
CUSIP No. 170404107 SCHEDULE 13D/A Page 6 of 8 Pages
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Item 4 Purpose of Transaction
FC, FCE and FCM acquired the Common Stock for investment purposes.
Subject to applicable legal requirements, Reporting Persons may purchase
additional Common Stock from time to time in open market or in private
transactions, depending on their evaluation of Issuer's business, prospects and
financial condition, the market for the Common Stock, other developments
concerning Issuer, the reaction of Issuer to Reporting Person's ownership of
Common Stock, other opportunities available to Reporting Persons, and general
economic, money market and stock market conditions. In addition, depending upon
the factors referred to above, Reporting Persons may dispose of all or a portion
of their Common Stock at any time.
Other than as described in this Item 4, Reporting Persons do not have any plan
or proposal relating to, or that would result in, any event described in (a)-(j)
of this Item 4.
During 2003, the Reporting Persons' sold 3,115,813 shares of the Company's
Common Stock at an average price of $3.46 per share.
Item 5 Interest in Securities of the Issuer
Effective November 5, 2003, the Reporting Persons ceased to beneficially own 5%
of the Common Stock and accordingly this Amendment is the Reporting Persons'
final amendment to the Schedule 13D. The following information sets forth the
beneficial ownership of the Common Stock of the Issuer by each of the Reporting
Persons as of December 31, 2003:
============================ =========== ============ ============
Ownership/Power FC FCE FCM
---------------------------- ----------- ------------ ------------
Beneficial Ownership 0 0 0
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Percentage of Class 0 0 0
---------------------------- ----------- ------------ ------------
Sole Voting Power 0 0 0
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Shared Voting Power 0 0 0
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Sole Dispositive Power 0 0 0
---------------------------- ----------- ------------ ------------
Shared Dispositive Power 0 0 0
============================ =========== ============ ============
Item 6 Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer
Not applicable.
Item 7 Material to be filed as Exhibits
Exhibit A: Joint Filing Statement
CUSIP No. 170404107 SCHEDULE 13D/A Page 7 of 8 Pages
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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: February 13, 2004
FOUNDATION CAPITAL MANAGEMENT, L.L.C.
By: /s/ William B. Elmore
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Member
FOUNDATION CAPITAL, L.P.
By: Foundation Capital Management, L.L.C.
its General Partner
By: /s/ William B. Elmore
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Member
FOUNDATION CAPITAL ENTREPRENEURS FUND, L.L.C.
By: Foundation Capital Management, L.L.C.
its Manager
By: /s/ William B. Elmore
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Member
CUSIP No. 170404107 SCHEDULE 13D/A Page 8 of 8 Pages
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EXHIBIT A
We, the undersigned, hereby express our agreement that the attached Amendment to
Schedule 13D relating to the Common Stock of Chordiant Software, Inc. is filed
on behalf of each of us.
Dated: February 13, 2004
FOUNDATION CAPITAL MANAGEMENT, L.L.C.
By: /s/ William B. Elmore
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Member
FOUNDATION CAPITAL, L.P.
By: Foundation Capital Management, L.L.C.
its General Partner
By: /s/ William B. Elmore
--------------------------------------------------
Member
FOUNDATION CAPITAL ENTREPRENEURS FUND, L.L.C.
By: Foundation Capital Management, L.L.C.
its Manager
By: /s/ William B. Elmore
--------------------------------------------------
Member