UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
 
SCHEDULE 13G/A
 
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
 
 
 
CHANNELADVISOR CORPORATION
(Name of Issuer)
 
 
 
COMMON STOCK
(Title of Class of Securities)
 
159179100
(CUSIP Number)
 
December 31, 2014
(Date of Event Which Requires 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)
 
☒ 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).
 
 
 
 

 

 
CUSIP No. 159179100
   Page 2 of 11 Pages
             
  1. 
  
Name of Reporting Persons
 
Advanced Technology Ventures VII, L.P.
  2.
  
Check the Appropriate Box if a Member of a Group (See Instructions)
(a)  ☐        (b)  ☒1
 
  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
 
0 
  
7.
  
Sole Dispositive Power
 
0
  
8.
  
Shared Dispositive Power
 
0 
  9.
  
Aggregate Amount Beneficially Owned by Each Reporting Person
 
0 
10.
  
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  ☐
 
11.
  
Percent of Class Represented by Amount in Row (9)
 
0.0% 
12.
  
Type of Reporting Person (See Instructions)
 
PN
 
 
 

 

 
CUSIP No. 159179100
   Page 3 of 11 Pages
             
  1. 
  
Name of Reporting Persons
 
Advanced Technology Ventures VII (B), L.P.
  2.
  
Check the Appropriate Box if a Member of a Group (See Instructions)
(a)  ☐        (b)  ☒1
 
  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
 
0 
  
7.
  
Sole Dispositive Power
 
0
  
8.
  
Shared Dispositive Power
 
0 
  9.
  
Aggregate Amount Beneficially Owned by Each Reporting Person
 
0 
10.
  
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  ☐
 
11.
  
Percent of Class Represented by Amount in Row (9)
 
0.0% 
12.
  
Type of Reporting Person (See Instructions)
 
PN
 
 
 

 

 
CUSIP No. 159179100
   Page 4 of 11 Pages
             
  1. 
  
Name of Reporting Persons
 
Advanced Technology Ventures VII(C), L.P.
  2.
  
Check the Appropriate Box if a Member of a Group (See Instructions)
(a)  ☐        (b)  ☒1
 
  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
 
0 
  
7.
  
Sole Dispositive Power
 
0
  
8.
  
Shared Dispositive Power
 
0 
  9.
  
Aggregate Amount Beneficially Owned by Each Reporting Person
 
0 
10.
  
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  ☐
 
11.
  
Percent of Class Represented by Amount in Row (9)
 
0.0% 
12.
  
Type of Reporting Person (See Instructions)
 
PN
 
 
 

 

 
CUSIP No. 159179100
   Page 5 of 11 Pages
             
  1. 
  
Name of Reporting Persons
 ATV Entrepreneurs VII, L.P.
  2.
  
Check the Appropriate Box if a Member of a Group (See Instructions)
(a)  ☐        (b)  ☒1
 
  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
 
0 
  
7.
  
Sole Dispositive Power
 
0
  
8.
  
Shared Dispositive Power
 
0 
  9.
  
Aggregate Amount Beneficially Owned by Each Reporting Person
 
0 
10.
  
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  ☐
 
11.
  
Percent of Class Represented by Amount in Row (9)
 
0.0% 
12.
  
Type of Reporting Person (See Instructions)
 
PN
 
 
 

 

 
CUSIP No. 159179100
   Page 6 of 11 Pages
             
  1. 
  
Name of Reporting Persons
 ATV Associates VII, L.L.C.
  2.
  
Check the Appropriate Box if a Member of a Group (See Instructions)
(a)  ☐        (b)  ☒1
 
  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
 
0 
  
7.
  
Sole Dispositive Power
 
0
  
8.
  
Shared Dispositive Power
 
0 
  9.
  
Aggregate Amount Beneficially Owned by Each Reporting Person
 
0 
10.
  
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  ☐
 
11.
  
Percent of Class Represented by Amount in Row (9)
 
0.0% 
12.
  
Type of Reporting Person (See Instructions)
 
OO
 
 
 

 

 
CUSIP No. 159179100
   Page 7 of 11 Pages
 
Introductory Note: This Statement on Schedule 13G/A is filed on behalf of Advanced Technology Ventures VII, L.P., a limited partnership organized under the laws of the State of Delaware (“ATV VII”), Advanced Technology Ventures VII (B), L.P., a limited partnership organized under the laws of the State of Delaware (“ATV VII-B”), Advanced Technology Ventures VII(C), L.P., a limited partnership organized under the laws of the State of Delaware (“ATV VII-C”), ATV Entrepreneurs VII, L.P., a limited partnership organized under the laws of the State of Delaware (“ATVE VII”) and ATV Associates VII, L.L.C., a limited liability company organized under the laws of the State of Delaware (“ATVA VII” and collectively with ATV VII, ATV VII-B, ATV VII-C and ATVE VII, the “ATV Entities”) in respect of shares of common stock of ChannelAdvisor Corporation. The ATV Entities expressly disclaim status as a “group” for purposes of this Schedule 13G/A.
 
Item 1.
 
 
(a)
Name of Issuer
 
ChannelAdvisor Corporation
 
 
(b)
Address of Issuer’s Principal Executive Offices
 
2701 Aerial Center Parkway
Morrisville, NC 27560
 
Item 2.
 
 
(a)
Name of Person Filing
 
Advanced Technology Ventures VII, L.P.
Advanced Technology Ventures VII (B), L.P.
Advanced Technology Ventures VII(C), L.P.
ATV Entrepreneurs VII, L.P.
ATV Associates VII, L.L.C.
 
 
(b)
Address of Principal Business Office or, if none, Residence
     
    500 Boylston Street, Suite 1380, Boston, Massachusetts 02116
 
 
 

 

CUSIP No. 159179100
   Page 8 of 11 Pages
 
 
(c)
Citizenship
 
Each of ATV VII, ATV VII-B, ATV VII-C and ATVE VII are limited partnerships organized in the State of Delaware. ATVA VII is a limited liability company organized in the State of Delaware.
 
 
(d)
Title of Class of Securities
 
Common Stock
 
 
(e)
CUSIP Number
 
159179100
 
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
 
Item 4.
Ownership
 
 
(a)
Amount Beneficially Owned as of December 31, 2013:
 
Advanced Technology Ventures VII, L.P
0  
Advanced Technology Ventures VII (B), L.P.
0  
Advanced Technology Ventures VII(C), L.P.
0  
ATV Entrepreneurs VII, L.P.
0  
ATV Associates VII, L.L.C.
0  
 
 
(b)
Percent of Class as of December 31, 2013:
 
Advanced Technology Ventures VII, L.P
0.0%  
Advanced Technology Ventures VII (B), L.P.
0.0%  
Advanced Technology Ventures VII(C), L.P.
0.0%  
ATV Entrepreneurs VII, L.P.
0.0%  
ATV Associates VII, L.L.C.
0.0%  

 
(c)
Number of shares as to which the person has, as of December 31, 2013:
 
 
(i)
Sole power to vote or to direct the vote
 
Advanced Technology Ventures VII, L.P
0  
Advanced Technology Ventures VII (B), L.P.
0  
Advanced Technology Ventures VII(C), L.P.
0  
ATV Entrepreneurs VII, L.P.
0  
ATV Associates VII, L.L.C.
0  
 
 
 

 

CUSIP No. 159179100
   Page 9 of 11 Pages
 
 
(ii)
Shared power to vote or to direct the vote
 
Advanced Technology Ventures VII, L.P
0  
Advanced Technology Ventures VII (B), L.P.
0  
Advanced Technology Ventures VII(C), L.P.
0  
ATV Entrepreneurs VII, L.P.
0  
ATV Associates VII, L.L.C.
0  
 
 
(IV)
Sole power to dispose or to direct the disposition of
 
Advanced Technology Ventures VII, L.P
0  
Advanced Technology Ventures VII (B), L.P.
0  
Advanced Technology Ventures VII(C), L.P.
0  
ATV Entrepreneurs VII, L.P.
0  
ATV Associates VII, L.L.C.
0  
 
 
(iv)
Shared power to dispose or to direct the disposition of
 
Advanced Technology Ventures VII, L.P
0  
Advanced Technology Ventures VII (B), L.P.
0  
Advanced Technology Ventures VII(C), L.P.
0  
ATV Entrepreneurs VII, L.P.
0  
ATV Associates VII, L.L.C.
0  
 
Item 5.
Ownership of Five Percent or Less of a Class
 
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following  ☒.
 
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 or Control Person.
 
Not Applicable
 
Item 8.
Identification and Classification of Members of the Group
 
Not Applicable
 
Item 9.
Notice of Dissolution of a Group
 
Not Applicable
 
Item 10.
Certification
 
Not Applicable
 
 
 

 

CUSIP No. 159179100
   Page 10 of 11 Pages

SIGNATURE
 
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 10, 2015
 
       
Advanced Technology Ventures VII, L.P.
       
By: ATV Associates VII, L.L.C., its General Partner
       
By:   /s/ Jean George  
   
Authorized Signatory
       
Advanced Technology Ventures VII (B), L.P.
       
By: ATV Associates VII, L.L.C., its General Partner
       
By:   /s/ Jean George  
   
Authorized Signatory
       
Advanced Technology Ventures VII(C), L.P.
       
By: ATV Associates VI, L.L.C., its General Partner
       
By:   /s/ Jean George  
   
Authorized Signatory
       
ATV Entrepreneurs VII, L.P.
       
By: ATV Associates VII, L.L.C., its General Partner
       
By:   /s/ Jean George  
   
Authorized Signatory
       
ATV Associates VII, L.L.C.
       
By:   /s/ Jean George  
   
Authorized Signatory
 
 
 

 

 
CUSIP No. 159179100
   Page 11 of 11 Pages
 
EXHIBITS
 
A:
Joint Filing Agreement (Incorporated by reference from Exhibit A to Schedule 13G filed on February 13, 2014).