SEC Form 4 · accession 0001140361-15-025456
Pandora Media, LLC · P
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Period of report
Jun 23, 2015
Accepted (ET)
Jun 25, 2015 · 6:28 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001230276
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF3,F1,F2 | Jun 23, 2015 | J | 6,996 | $0.00 | A | 6,161,294 | I | See Notes |
| Common StockF4 | Jun 25, 2015 | J | 0 | $0.00 | A | 725,351 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The reporting persons (the "Reporting Persons") are Crosslink Capital, Inc. ("Crosslink"), Crossover Fund IV Management, L.L.C. ("Fund IV Management"), Crossover Fund V Management, L.L.C. ("Fund V Management"), Crosslink Ventures IV Holdings, L.L.C. ("Ventures IV Holdings"), Crosslink Verwaltungs GmbH ("Verwaltungs") and Michael J. Stark. Crosslink is an investment adviser to investment funds (the "Funds"). Fund IV Management, Fund V Management, Ventures IV Holdings or Verwaltungs is the general partner, manager or holder of Class B Units of one or more of the Funds. Mr. Stark is the control person of the other Reporting Persons. James Feuille, an affiliate of certain Reporting Persons, is a member of the Issuer's board of directors and serves as the representative of the Reporting Persons. Crosslink is filing this Form 4 on behalf of itself and the other Reporting Persons.
- F2The Reporting Persons are filing this Form 4 jointly, but not as a group, and each of them expressly disclaims membership in a group, within the meaning of Rule 13d-5(b) under the Securities Exchange Act of 1934, as amended. These securities are held directly by the Funds for the benefit of their investors. These securities are indirectly beneficially owned by Crosslink as the investment adviser to the Funds, and by Fund IV Management, Fund V Management, Ventures IV Holdings or Verwaltungs as the general partner, manager or holder of Class B Units of one or more of the Funds. The Reporting Persons disclaim beneficial ownership of such securities except to the extent of their pecuniary interest therein.
- F3Certain Restricted Stock Units that the Issuer awarded to Mr. Feuille for his service as a director recently vested. In his capacity as the Reporting Persons' representative on the Issuer's board of directors, Mr. Feuille held those Restricted Stock Units for the benefit of the investors in the Funds. On the Transaction Date, he transferred the common stock issued on such vesting to the Funds for no additional consideration.
- F4These entries are placeholders only. These securities are held directly by Ventures IV Holdings. There were no transactions in these securities on the dates covered by this Form 4.