UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Amendment No. 2
Blue Martini Software, Inc.
(Name of Issuer)
Common Stock, $.001 par value per share
(Title of Class of Securities)
095698 50 2
(CUSIP Number)
December 31, 2002
(Date of Event Which Required Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[ ] 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 the
disclosures provided in a prior cover page.
The information required in 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).
POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED
IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY
VALID OMB CONTROL NUMBER.
CUSIP No. 095698 50 2
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Matrix Partners V, L.P.
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a).......................................................................
(b).......................................................................
3. SEC Use Only..............................................................
4. Citizenship or Place of Organization..............................Delaware
Number of Shares 5. Sole Voting Power...........................937,172
Beneficially
Owned by Each 6. Shared Voting Power.............................-0-
Reporting Person
With: 7. Sole Dispositive Power......................937,172
8. Shared Dispositive Power........................-0-
9. Aggregate Amount Beneficially Owned by Each Reporting Person.......937,172
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions).............................................................
11. Percent of Class Represented by Amount in Row (9)....................8.87%
12. Type of Reporting Person (See Instructions).............................PN
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Page 2 of 9 pages
CUSIP No. 095698 50 2
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Matrix V Entrepreneurs Fund, L.P.
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a).......................................................................
(b) .....................................................................
3. SEC Use Only..............................................................
4. Citizenship or Place of Organization..............................Delaware
Number of Shares 5. Sole Voting Power...........................104,130
Beneficially
Owned by Each 6. Shared Voting Power...............................0
Reporting Person
With: 7. Sole Dispositive Power......................104,130
8. Shared Dispositive Power........................-0-
9. Aggregate Amount Beneficially Owned by Each Reporting Person.......104,130
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions).............................................................
11. Percent of Class Represented by Amount in Row (9).....................0.99%
12. Type of Reporting Person (See Instructions)..............................PN
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Page 3 of 9 pages
CUSIP No. 095698 50 2
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Matrix V Management Co. L.L.C
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a).......................................................................
(b) .....................................................................
3. SEC Use Only..............................................................
4. Citizenship or Place of Organization..............................Delaware
Number of Shares 5. Sole Voting Power.........................1,041,302
Beneficially
Owned by Each 6. Shared Voting Power.............................-0-
Reporting Person
With: 7. Sole Dispositive Power....................1,041,302
8. Shared Dispositive Power........................-0-
9. Aggregate Amount Beneficially Owned by Each Reporting Person.....1,041,302
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions).............................................................
11. Percent of Class Represented by Amount in Row (9)....................9.86%
12. Type of Reporting Person (See Instructions).............................PN
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Page 4 of 9 pages
CUSIP No. 095698 50 2
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Andrew W. Verhalen
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a).......................................................................
(b).......................................................................
3. SEC Use Only..............................................................
4. Citizenship or Place of Organization.........................United States
Number of Shares 5. Sole Voting Power.........................1,041,302
Beneficially
Owned by Each 6. Shared Voting Power.............................-0-
Reporting Person
With: 7. Sole Dispositive Power....................1,041,302
8. Shared Dispositive Power........................-0-
9. Aggregate Amount Beneficially Owned by Each Reporting Person.....1,041,302
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions).............................................................
11. Percent of Class Represented by Amount in Row (9)....................9.86%
12. Type of Reporting Person (See Instructions).............................IN
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Page 5 of 9 pages
CUSIP No. 095698 50 2
Item 1(a) Name of Issuer:
Blue Martini Software, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
2600 Campus Drive, Suite 175
San Mateo, CA 94403
Item 2(a) Name of Persons Filing:
Matrix Partners V, L.P. ("Matrix V"); Matrix V Entrepreneurs Fund,
L.P. ("Entrepreneurs", and together with Matrix V, the
"Partnerships"); Matrix V Management Co., L.L.C. ("Management"), the
general partner of each of the Partnerships; and Andrew W. Verhalen
("Verhalen"), the managing member who has sole voting and
dispositive authority with respect to shares of Blue Martini
Software, Inc. held of record by the Partnerships.
Item 2(b) Address of Principal Business Office or, if none, Residence:
The address of the reporting persons is:
1000 Winter Street Suite 4500
Waltham, MA 02451
Item 2(c) Citizenship:
Matrix V is a limited partnership organized under the laws of the
State of Delaware. Entrepreneurs is a limited partnership organized
under the laws of the State of Delaware. Management is a limited
liability company organized under the laws of the State of Delaware.
Mr. Verhalen is a citizen of the United States.
Item 2(d) Title of Class of Securities:
Common Stock, par value $.001 per share (the "Common Stock").
Item 2(e) CUSIP Number:
095698 50 2
Item 3 Description of Person Filing:
Not applicable.
Item 4 Ownership:
(a) Amount Beneficially Owned:
Matrix V is the record holder of 937,172 shares of Common
Stock and may be deemed to beneficially own the 937,172 shares
of Common Stock held of record by it. Entrepreneurs is the
record holder of 104,130 shares of Common Stock and may be
deemed to beneficially own the 104,130 shares of Common
Stockheld of record by it. Management, as general partner of
the Partnerships, may be deemed to beneficially own the
1,041,302 shares of Common Stock held of record by the
Partnerships. Mr. Verhalen, as the managing member of
Page 6 of 9 pages
CUSIP No. 095698 50 2
Management who has sole voting and dispositive authority with
respect to shares of Blue Martini Software, Inc. held of
record by the Partnerships, may be deemed to beneficially own
the 1,041,302 shares of Common Stock held of record by the
Partnerships. The filing of this statement shall not be
construed as an admission that any of the reporting persons
are, for the purpose of Section 13(d) or 13(g) of the Act, the
beneficial owners of any securities covered under this
statement.
(b) Percent of Class:
Matrix V: 8.87%
Entrepreneurs: 0.99%
Management: 9.86%
Mr. Verhalen: 9.86%
(c) Number of Shares as to which the person has:
(i) sole voting power; (ii) shared voting power; (iii) sole
dispositive power; (iv) shared dispositive power:
Matrix V may be deemed to have sole power to vote and dispose
of 937,172 shares of Common Stock held of record by it.
Entrepreneurs may be deemed to have sole power to vote and
dispose of 104,130 shares of Common Stock held of record by
it. Management, as general partner of the Partnerships, may be
deemed to have sole power to vote and dispose of the 1,041,302
shares of Common Stock held of record by the Partnerships. Mr.
Verhalen, as the managing member of Management who has sole
voting and dispositive authority with respect to shares of
Blue Martini Software, Inc. held of record by the
Partnerships, may be deemed to have sole power to vote the
1,041,302 shares of Common Stock held of record by the
Partnerships.
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.
Item 10 Certification:
Not applicable.
Page 7 of 9 pages
CUSIP No. 095698 50 2
SIGNATURE
After reasonable inquiry and to the best of the knowledge and belief of
each of the undersigned, each of the undersigned hereby certifies that the
information set forth in this statement is true, complete and correct.
DATED: February 6, 2003.
MATRIX PARTNERS V, L.P.
By: Matrix V Management Co., L.L.C
General Partner
By: /s/ Andrew W. Verhalen
-----------------------------
Andrew W. Verhalen
Managing Member
MATRIX V ENTREPRENEURS FUND, L.P.
By: Matrix V Management Co., L.L.C.
General Partner
By: /s/ Andrew W. Verhalen
-----------------------------
Andrew W. Verhalen
Managing Member
MATRIX V MANAGEMENT CO., L.L.C
By: /s/ Andrew W. Verhalen
-----------------------------
Andrew W. Verhalen
Managing Member
/s/ Andrew W. Verhalen
-------------------------------------
Andrew W. Verhalen
Page 8 of 9 pages
CUSIP No. 095698 50 2
Exhibit I
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 Blue Martini
Software, Inc.
EXECUTED as a sealed instrument this 6th day of February, 2003.
MATRIX PARTNERS V, L.P.
By: Matrix V Management Co., L.L.C.
General Partner
By: /s/ Andrew W. Verhalen
-----------------------------
Andrew W. Verhalen
Managing Member
MATRIX V ENTREPRENEURS FUND, L.P.
By: Matrix V Management Co., L.L.C.
General Partner
By: /s/ Andrew W. Verhalen
-----------------------------
Andrew W. Verhalen
Managing Member
MATRIX V MANAGEMENT CO., L.L.C.
By: /s/ Andrew W. Verhalen
-----------------------------
Andrew W. Verhalen
Managing Member
/s/ Andrew W. Verhalen
-------------------------------------
Andrew W. Verhalen
Page 9 of 9 pages