UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)
Veeva Systems Inc.
(Name of Issuer)
Class A common stock
(Title of Class of Securities)
922475108
(CUSIP Number)
September 11, 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:
[X] Rule 13d-1(b)
[X] 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).
| 1 |
| CUSIP 922475108 |
| 1. | Names of Reporting Persons. Criterion Capital Management, LLC |
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b) X
3. SEC Use Only
4. Citizenship or Place of OrganizationCalifornia
Number of Shares Beneficially Owned by Each Reporting Person With: | 5. Sole Voting Power0
|
6. Shared Voting Power7,451,445
| |
| 7. Sole Dispositive Power0 | |
| 8. Shared Dispositive Power7,451,445 |
9. Aggregate Amount Beneficially Owned by Each Reporting Person7,451,445
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)______
11. Percent of Class Represented by Amount in Row (9)14.3%
12. Type of Reporting Person (See Instructions)IA, OO
| 2 |
| CUSIP 922475108 |
| 1. | Names of Reporting Persons. Christopher H. Lord |
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b) X
3. SEC Use Only
4. Citizenship or Place of OrganizationU.S.A.
Number of Shares Beneficially Owned by Each Reporting Person With: | 5. Sole Voting Power0
|
6. Shared Voting Power7,451,445
| |
| 7. Sole Dispositive Power0 | |
| 8. Shared Dispositive Power7,451,445 |
9. Aggregate Amount Beneficially Owned by Each Reporting Person7,451,445
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)______
11. Percent of Class Represented by Amount in Row (9)14.3%
12. Type of Reporting Person (See Instructions)HC, IN
| 3 |
| CUSIP 922475108 |
| 1. | Names of Reporting Persons. David Riley |
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b) X
3. SEC Use Only
4. Citizenship or Place of OrganizationU.S.A.
Number of Shares Beneficially Owned by Each Reporting Person With: | 5. Sole Voting Power0
|
6. Shared Voting Power7,451,445
| |
| 7. Sole Dispositive Power0 | |
| 8. Shared Dispositive Power7,451,445 |
9. Aggregate Amount Beneficially Owned by Each Reporting Person7,451,445
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)______
11. Percent of Class Represented by Amount in Row (9)14.3%
12. Type of Reporting Person (See Instructions)HC, IN
| 4 |
| CUSIP 922475108 |
| 1. | Names of Reporting Persons. Tomoko Fortune |
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b) X
3. SEC Use Only
4. Citizenship or Place of OrganizationU.S.A.
Number of Shares Beneficially Owned by Each Reporting Person With: | 5. Sole Voting Power0
|
6. Shared Voting Power7,451,445
| |
| 7. Sole Dispositive Power0 | |
| 8. Shared Dispositive Power7,451,445 |
9. Aggregate Amount Beneficially Owned by Each Reporting Person7,451,445
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)______
11. Percent of Class Represented by Amount in Row (9)14.3%
12. Type of Reporting Person (See Instructions)HC, IN
| 5 |
| CUSIP 922475108 |
| 1. | Names of Reporting Persons. Criterion Horizons Master Fund GP, Ltd. |
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b) X
3. SEC Use Only
4. Citizenship or Place of OrganizationCayman Islands
Number of Shares Beneficially Owned by Each Reporting Person With: | 5. Sole Voting Power0
|
6. Shared Voting Power3,184,828
| |
| 7. Sole Dispositive Power0 | |
| 8. Shared Dispositive Power3,184,828 |
9. Aggregate Amount Beneficially Owned by Each Reporting Person3,184,828
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)______
11. Percent of Class Represented by Amount in Row (9)6.1%
12. Type of Reporting Person (See Instructions)HC, CO
| 6 |
| CUSIP 922475108 |
| 1. | Names of Reporting Persons. Criterion Capital Partners Master Fund GP, Ltd. |
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b) X
3. SEC Use Only
4. Citizenship or Place of OrganizationCayman Islands
Number of Shares Beneficially Owned by Each Reporting Person With: | 5. Sole Voting Power0
|
6. Shared Voting Power3,005,349
| |
| 7. Sole Dispositive Power0 | |
| 8. Shared Dispositive Power3,005,349 |
9. Aggregate Amount Beneficially Owned by Each Reporting Person3,005,349
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)______
11. Percent of Class Represented by Amount in Row (9)5.8%
12. Type of Reporting Person (See Instructions)HC, CO
| 7 |
| CUSIP 922475108 |
| 1. | Names of Reporting Persons. Criterion Vista Master Fund GP, Ltd. |
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b) X
3. SEC Use Only
4. Citizenship or Place of OrganizationCayman Islands
Number of Shares Beneficially Owned by Each Reporting Person With: | 5. Sole Voting Power0
|
6. Shared Voting Power811,562
| |
| 7. Sole Dispositive Power0 | |
| 8. Shared Dispositive Power811,562 |
9. Aggregate Amount Beneficially Owned by Each Reporting Person811,562
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)______
11. Percent of Class Represented by Amount in Row (9)1.6%
12. Type of Reporting Person (See Instructions)HC, CO
| 8 |
| CUSIP 922475108 |
| 1. | Names of Reporting Persons. Criterion Horizons Master Fund, L.P. |
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b) X
3. SEC Use Only
4. Citizenship or Place of OrganizationCayman Islands
Number of Shares Beneficially Owned by Each Reporting Person With: | 5. Sole Voting Power0
|
6. Shared Voting Power3,184,828
| |
| 7. Sole Dispositive Power0 | |
| 8. Shared Dispositive Power3,184,828 |
9. Aggregate Amount Beneficially Owned by Each Reporting Person3,184,828
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)______
11. Percent of Class Represented by Amount in Row (9)6.1%
12. Type of Reporting Person (See Instructions)PN
| 9 |
| CUSIP 922475108 |
| 1. | Names of Reporting Persons. Criterion Capital Partners Master Fund, L.P. |
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b) X
3. SEC Use Only
4. Citizenship or Place of OrganizationCayman Islands
Number of Shares Beneficially Owned by Each Reporting Person With: | 5. Sole Voting Power0
|
6. Shared Voting Power3,005,349
| |
| 7. Sole Dispositive Power0 | |
| 8. Shared Dispositive Power3,005,349 |
9. Aggregate Amount Beneficially Owned by Each Reporting Person3,005,349
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)______
11. Percent of Class Represented by Amount in Row (9)5.8%
12. Type of Reporting Person (See Instructions)PN
| 10 |
| CUSIP 922475108 |
| 1. | Names of Reporting Persons. Criterion Capital Partners Ltd. |
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b) X
3. SEC Use Only
4. Citizenship or Place of OrganizationCayman Islands
Number of Shares Beneficially Owned by Each Reporting Person With: | 5. Sole Voting Power0
|
6. Shared Voting Power1,707,460
| |
| 7. Sole Dispositive Power0 | |
| 8. Shared Dispositive Power1,707,460 |
9. Aggregate Amount Beneficially Owned by Each Reporting Person1,707,460
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)______
11. Percent of Class Represented by Amount in Row (9)3.3%
12. Type of Reporting Person (See Instructions)CO
| 11 |
| CUSIP 922475108 |
| 1. | Names of Reporting Persons. Criterion Horizons Offshore, Ltd. |
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b) X
3. SEC Use Only
4. Citizenship or Place of OrganizationCayman Islands
Number of Shares Beneficially Owned by Each Reporting Person With: | 5. Sole Voting Power0
|
6. Shared Voting Power2,185,938
| |
| 7. Sole Dispositive Power0 | |
| 8. Shared Dispositive Power2,185,938 |
9. Aggregate Amount Beneficially Owned by Each Reporting Person2,185,938
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)______
11. Percent of Class Represented by Amount in Row (9)4.2%
12. Type of Reporting Person (See Instructions)CO
| 12 |
| CUSIP 922475108 |
Item 1.
(a) Name of Issuer
Veeva Systems Inc.
(b) Address of Issuer’s Principal Executive Offices
4637 Chabot Drive, Suite 210, Pleasanton, CA 94588
Item 2.
(a) and (b) The names of the persons filing this statement (collectively, the “Filers”) are:
Criterion Capital Management, LLC (“Criterion”);
Christopher H. Lord;
David Riley; and
Tomoko Fortune;
whose principal business office is located at:
4 Embarcadero Center, 34th Floor
San Francisco, CA 94111
and
Criterion Horizons Master Fund GP, Ltd. (“Horizons GP”);
Criterion Capital Partners Master Fund GP, Ltd. (“Partners GP”);
Criterion Vista Master Fund GP, Ltd. (“Vista GP”);
Criterion Horizons Master Fund, L.P. (“Horizons Master Fund”);
Criterion Capital Partners Master Fund, L.P. (“Partners Master Fund”);
Criterion Capital Partners Ltd. (“Partners Ltd.”); and
Criterion Horizons Offshore, Ltd. (“Horizons Offshore”)
whose principal business office is located at:
c/o Walkers Corporate Services Limited
Walker House, 87 Mary Street
George Town
Grand Cayman KY1-9005
Cayman Islands.
| (c) | For citizenship of Filers, see Item 4 of the cover sheet for each Filer. |
| (d) | This statement relates to shares of Class A common stock of the Issuer (the “Stock”). |
| (e) | The CUSIP number of the Issuer is: 922475108 |
| 13 |
| CUSIP 922475108 |
Item 3. If this statement is filed pursuant to rule 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
(c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
(d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
(e) [ X ] An investment adviser in accordance with section 240.13d-1(b)(1)(ii)(E).
(f) [ ] An employee benefit plan or endowment fund in accordance with section 240.13d-1(b)(1)(ii)(F).
(g) [ X ] A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G)
(h) [ ] A savings association as defined in section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).
(i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3).
(j) [ ] A non-U.S. institution in accordance with §240.13d-1(b)(ii)(J).
(k) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(K).
If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution _______________________________________________________________.
Item 4. Ownership.
See Items 5-9 and 11 of the cover page for each Filer.
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.
Criterion is the general partner and investment adviser of investment limited partnerships and the investment adviser of other investment funds that have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Stock. Horizons GP, Partners GP and Vista GP are the general partners of investment funds of which Criterion is the investment adviser; Horizons GP is the general partner of Horizons Master Fund and Partners GP is the general partner of Partners Master Fund. The directors of Horizons GP, Partners GP, Vista GP, Partners Ltd. and Horizons Offshore are Philip Cater and John Ackerley. Horizons Offshore and Partners Ltd. hold Stock indirectly through Horizons Master Fund and Partners Master Fund, respectively. Other than Horizons Master Fund, Partners Master Fund, Partners Ltd. and Horizons Offshore, no individual partnership’s or fund’s holdings of the Stock are more than five percent of the outstanding Stock.
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.
The Filers are filing this Schedule 13G jointly, but not as members of a group, and each expressly disclaims membership in a group. Criterion is a registered investment adviser and is the investment adviser of investment funds that hold the Stock for the benefit of the investors in those funds, including Horizons Master Fund and Partners Master Fund, and Horizons Offshore and Partners Ltd. (feeder funds of Horizons Master Fund and Partners Master Fund, respectively). Mr. Lord, Mr. Riley and Ms. Fortune are Criterion’s members and its portfolio managers. Each Filer disclaims beneficial ownership of the Stock, except to the extent of that Filer’s pecuniary interest therein. In addition, the filing of this Schedule 13G on behalf of Horizons Master Fund, Partners Master Fund, Partners Ltd. and Horizons Offshore should not be construed as an admission that any of them is, and each disclaims that it is, a beneficial owner, as defined in Rule 13d-3 under the Securities Exchange Act of 1934, of any of the Stock covered by this Schedule 13G.
Item 9. Notice of Dissolution of Group
Not applicable.
Item 10. Material to Be Filed as Exhibits
Agreement Regarding Joint Filing of Statement on Schedule 13D or 13G.
Certification of Criterion, Mr. Lord, Mr. Riley, Ms. Fortune, Horizons GP, Partners GP and Vista GP:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
Certification of Horizons Master Fund, Partners Master Fund, Capital Offshore and Horizons Offshore:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
| 14 |
| CUSIP 922475108 |
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: September 12, 2014
Criterion Capital Management, LLC
By: /s/ Christopher Lord
| Criterion Horizons Master Fund GP, Ltd.
By: /s/ John Ackerley Director |
Criterion Capital Partners Master Fund GP, Ltd.
By: /s/ John Ackerley Director | Criterion Vista Master Fund GP, Ltd.
By: /s/ John Ackerley Director |
Criterion Horizons Master Fund, L.P.
By: Criterion Horizons Master Fund GP, Ltd.
By: /s/ John Ackerley Director |
Criterion Capital Partners Master Fund, L.P.
By: Criterion Capital Partners Master Fund
By: Director |
Criterion Horizons Offshore, Ltd.
By: /s/ John Ackerley Director |
Criterion Capital Partners Ltd.
By: /s/ John Ackerley Director |
/s/ Christopher H. Lord |
/s/ David Riley |
/s/ Tomoko Fortune |
| 15 |
| CUSIP 922475108 |
EXHIBIT A
AGREEMENT REGARDING JOINT FILING
OF STATEMENT ON SCHEDULE 13D OR 13G
The undersigned agree to file jointly with the Securities and Exchange Commission (the “SEC”) any and all statements on Schedule 13D or Schedule 13G or Forms 3, 4 or 5(and any amendments or supplements thereto) required under section 13(d) and 16(a) of the Securities Exchange Act of 1934, as amended, in connection with purchases by the undersigned of the securities of any issuer. For that purpose, the undersigned hereby constitute and appoint Criterion Capital Management, LLC, a California limited liability company, as their true and lawful agent and attorney-in-fact, with full power and authority for and on behalf of the undersigned to prepare or cause to be prepared, sign, file with the SEC and furnish to any other person all certificates, instruments, agreements and documents necessary to comply with section 13(d) and section 16(a) of the Securities Exchange Act of 1934, as amended, in connection with said purchases, and to do and perform every act necessary and proper to be done incident to the exercise of the foregoing power, as fully as the undersigned might or could do if personally present.
Dated: April 16, 2014
Criterion Capital Management, LLC
By: /s/Christopher Lord
| Criterion Horizons Master Fund GP, Ltd.
By: /s/ Phil Cater Director |
Criterion Capital Partners Master Fund GP, Ltd.
By: /s/ Phil Cater Director | Criterion Vista Master Fund GP, Ltd.
By: /s/ Phil Cater Director |
Criterion Horizons Master Fund, L.P.
By: Criterion Horizons Master Fund GP, Ltd.
By: /s/ Phil Cater Director |
Criterion Capital Partners Master Fund, L.P.
By: Criterion Capital Partners Master Fund
By: /s/ Phil Catery Director |
| 16 |
| CUSIP 922475108 |
/s/ Christopher H. Lord |
/s/David Riley |
/s/ Tomoko Fortune |
Criterion Horizons Offshore, Ltd.
By: /s/ Phil Cater Director |
Criterion Capital Partners Ltd.
By: /s/ Phil Cater Director |
