SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
(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. 1)
ALTIRIS, INC.
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(Name of Issuer)
Common Stock, par value $0.0001 per share
(Title of Class of Securities)
02148M 10 0
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(CUSIP Number)
Carla S. Newell
c/o Technology Crossover Ventures
528 Ramona Street
Palo Alto, California 94301
(650) 614-8200
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
COPY TO:
Eleanor Cornish, Esq.
c/o Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP
610 Lincoln Street Waltham, MA 02451
(781) 795-3554
July 31, 2002
(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 which is the subject of this Schedule 13D, and is filing this
statement because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following
box [ ].
(Continued on following pages)
(1) Name of Reporting Person
TCV IV, L.P.
See item 2 for identification of the General Partner
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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
AF, OO
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(5) Check Box if Disclosure of Legal Proceedings
is Required Pursuant to Items 2(d) or 2(e) [ ]
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(6) Citizenship or Place of Organization
DELAWARE
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(7) Sole Voting Power
Number of 5,376,196 SHARES OF COMMON STOCK(A)
Shares ---------------------------------------------------------
Beneficially (8) Shared Voting Power
Owned by -0- SHARES OF COMMON STOCK
Each ---------------------------------------------------------
Reporting (9) Sole Dispositive Power
Person With 5,376,196 SHARES OF COMMON STOCK (A)
---------------------------------------------------------
(10) Shared Dispositive Power
-0- SHARES OF COMMON STOCK
---------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
5,376,196 SHARES OF COMMON STOCK (A)
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(12) Check Box if Aggregate Amount in Row (11) Excludes Certain
Shares [X]
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(13) Percent of Class Represented by Amount in Row (11)
27.16%
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(14) Type of Reporting Person
PN
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(A) Please see Item 5.
(1) Name of Reporting Person
TCV IV Strategic Partners, L.P.
See item 2 for identification of the General Partner
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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
AF, OO
----------------------------------------------------------------------
(5) Check Box if Disclosure of Legal Proceedings
is Required Pursuant to Items 2(d) or 2(e) [ ]
----------------------------------------------------------------------
(6) Citizenship or Place of Organization
DELAWARE
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(7) Sole Voting Power
Number of 200,471 SHARES OF COMMON STOCK(A)
Shares ---------------------------------------------------------
Beneficially (8) Shared Voting Power
Owned by -0- SHARES OF COMMON STOCK
Each ---------------------------------------------------------
Reporting (9) Sole Dispositive Power
Person With 200,471 SHARES OF COMMON STOCK(A)
---------------------------------------------------------
(10) Shared Dispositive Power
-0- SHARES OF COMMON STOCK
---------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
200,471 SHARES OF COMMON STOCK(A)
----------------------------------------------------------------------
(12) Check Box if Aggregate Amount in Row (11) Excludes Certain
Shares [X]
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(13) Percent of Class Represented by Amount in Row (11)
1.01%
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(14) Type of Reporting Person
PN
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(A) Please see Item 5.
(1) Name of Reporting Person
Technology Crossover Management IV, L.L.C.
See item 2 for identification of the Managing Members
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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
----------------------------------------------------------------------
(4) Source of Funds
AF, OO
----------------------------------------------------------------------
(5) Check Box if Disclosure of Legal Proceedings
is Required Pursuant to Items 2(d) or 2(e) [ ]
----------------------------------------------------------------------
(6) Citizenship or Place of Organization
DELAWARE
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(7) Sole Voting Power
Number of 5,576,667 SHARES OF COMMON STOCK (A)
Shares ---------------------------------------------------------
Beneficially (8) Shared Voting Power
Owned by -0- SHARES OF COMMON STOCK
Each ---------------------------------------------------------
Reporting (9) Sole Dispositive Power
Person With 5,576,667 SHARES OF COMMON STOCK (A)
---------------------------------------------------------
(10) Shared Dispositive Power
-0- SHARES OF COMMON STOCK
---------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
5,576,667 SHARES OF COMMON STOCK(A)
----------------------------------------------------------------------
(12) Check Box if Aggregate Amount in Row (11) Excludes Certain
Shares [ ]
----------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
28.17%
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(14) Type of Reporting Person
OO
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(A) Please see Item 5.
(1) Name of Reporting Person
JAY C. HOAG
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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
AF, OO
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(5) Check Box if Disclosure of Legal Proceedings
is Required Pursuant to Items 2(d) or 2(e) [ ]
----------------------------------------------------------------------
(6) Citizenship or Place of Organization
UNITED STATES CITIZEN
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(7) Sole Voting Power
Number of -0- SHARES OF COMMON STOCK
Shares ---------------------------------------------------------
Beneficially (8) Shared Voting Power
Owned by 5,576,667 SHARES OF COMMON STOCK (A)
Each ---------------------------------------------------------
Reporting (9) Sole Dispositive Power
Person With 5,576,667 SHARES OF COMMON STOCK (A)
---------------------------------------------------------
(10) Shared Dispositive Power
-0- SHARES OF COMMON STOCK
---------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
5,576,667 SHARES OF COMMON STOCK (A)
----------------------------------------------------------------------
(12) Check Box if Aggregate Amount in Row (11) Excludes Certain
Shares [ ]
----------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
28.17%
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(14) Type of Reporting Person
IN
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(A) Please see Item 5.
(1) Name of Reporting Person
RICHARD H. KIMBALL
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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
AF, OO
----------------------------------------------------------------------
(5) Check Box if Disclosure of Legal Proceedings
is Required Pursuant to Items 2(d) or 2(e) [ ]
----------------------------------------------------------------------
(6) Citizenship or Place of Organization
UNITED STATES CITIZEN
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(7) Sole Voting Power
Number of -0- SHARES OF COMMON STOCK
Shares ---------------------------------------------------------
Beneficially (8) Shared Voting Power
Owned by 5,576,667 SHARES OF COMMON STOCK (A)
Each ---------------------------------------------------------
Reporting (9) Sole Dispositive Power
Person With 5,576,667 SHARES OF COMMON STOCK (A)
---------------------------------------------------------
(10) Shared Dispositive Power
-0- SHARES OF COMMON STOCK
---------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
5,576,667 SHARES OF COMMON STOCK (A)
----------------------------------------------------------------------
(12) Check Box if Aggregate Amount in Row (11) Excludes Certain
Shares [ ]
----------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
28.17%
----------------------------------------------------------------------
(14) Type of Reporting Person
IN
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(A) Please see Item 5.
ITEM 1. SECURITY AND ISSUER.
This statement relates to shares of common stock, par value $0.0001 per share
(the "Common Stock"), of Altiris, Inc., a Delaware corporation ("Altiris" or the
"Company"). The Company's principal executive offices are located at 588 West
400 South Lindon, Utah 84042.
ITEM 2. IDENTITY AND BACKGROUND.
(a)-(c), (f). This statement is being filed by (1) TCV IV, L.P., a Delaware
limited partnership ("TCV IV"), (2) TCV IV Strategic Partners, L.P., a Delaware
limited partnership ("Strategic Partners IV"), (3) Technology Crossover
Management IV, L.L.C., a Delaware limited liability company ("Management IV"),
(4) Jay C. Hoag ("Mr. Hoag") and (5) Richard H. Kimball ("Mr. Kimball"). TCV IV,
Strategic Partners IV, Management IV, Mr. Hoag and Mr. Kimball are sometimes
collectively referred to herein as the "Reporting Persons." The agreement among
the Reporting Persons relating to the joint filing of this statement is attached
as Exhibit 1 hereto.
TCV IV, Strategic Partners IV and Management IV are each principally engaged in
the business of investing in securities of privately and publicly held
companies. Management IV is the sole general partner of TCV IV and Strategic
Partners IV. The address of the principal business and office of each of TCV IV,
Strategic Partners IV and Management IV is 528 Ramona Street, Palo Alto,
California 94301.
Mr. Hoag and Mr. Kimball are the managing members of Management IV. Mr. Hoag and
Mr. Kimball are each United States citizens, and the present principal
occupation of each is a venture capital investor. The business address of each
of Mr. Hoag and Mr. Kimball is 528 Ramona Street, Palo Alto, California 94301.
(d), (e). During the last five years, none of TCV IV, Strategic Partners IV,
Management IV, Mr. Hoag or Mr. Kimball has (1) been convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors) or (2) been a
party to a civil proceeding of a judicial or administrative body of competent
jurisdiction and as a result of such proceeding was or is subject to a judgment,
decree or final order enjoining future violations of, or prohibiting or
mandating activities subject to, federal or state securities laws or finding any
violation with respect to such laws.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
TCV IV and Strategic Partners IV purchased the following shares of the Company's
Common Stock in the open market (the "Market Shares"):
Name of Investor Date Shares Acquired Price per Share
---------------------- ------ --------------- ---------------
TCV IV 7/29/02 120,506 $5.8346
Strategic Partners IV 7/29/02 4,494 $5.8346
TCV IV 7/30/02 12,533 $6.1494
Strategic Partners IV 7/30/02 467 $6.1494
TCV IV 7/31/02 83,873 $6.1749
Strategic Partners IV 7/31/02 3,127 $6.1749
TCV IV 8/1/02 96,405 $6.0250
Strategic Partners IV 8/1/02 3,595 $6.0250
TCV IV 8/2/02 78,088 $5.9971
Strategic Partners IV 8/2/02 2,912 $5.9971
The source of funds for the acquisition of the Market Shares by TCV IV and
Strategic Partners IV was capital contributions from their respective partners.
ITEM 4. PURPOSE OF TRANSACTION.
The Reporting Persons acquired the Market Shares for investment purposes.
Depending on the factors discussed herein, the Reporting Persons may, from time
to time, acquire additional shares of Common Stock and/or retain and/or sell all
or a portion of the Market Shares in the open market or in privately negotiated
transactions. Any actions the Reporting Persons might undertake will be
dependent upon the Reporting Persons' review of numerous factors, including,
among other things, the price levels of the Common Stock; general market and
economic conditions; ongoing evaluation of the Company's business, financial
condition, operations and prospects; the relative attractiveness of alternative
business and investment opportunities; and other future developments.
Except as set forth above and as set forth in the Reporting Persons' initial
statement on Schedule 13D with respect to the Company's securities, filed May
24, 2002 (which is incorporated by reference herein), the Reporting Persons have
no present plans or intentions which would result in or relate to any of the
transactions described in subparagraphs (a) through (j) of Item 4 of Schedule
13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a), (b). As of the close of business on August 2, 2002, TCV IV and Strategic
Partners IV owned directly the 5,576,667 shares as follows:
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Name of Investor Number of Total Shares Percentage of Outstanding Shares (a)
-------------------------------------------------------------------------------------------------
TCV IV 5,376,196 27.16%
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Strategic Partners IV 200,471 1.01%
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(a) all percentages in this table are based on the 19,795,933 shares of Common
Stock of the Company outstanding, as reported on the Company's 424(b)4 filed
with the Securities and Exchange Commission on May 23, 2002.
Each of TCV IV and Strategic Partners IV (together the "TCV IV Funds") has the
sole power to dispose or direct the disposition of the Market Shares. Each of
the TCV IV Funds has the sole power to direct the vote of its respective Market
Shares. Management IV, as the sole general partner of TCV IV and Strategic
Partners IV, may also be deemed to have the sole power to dispose or direct the
disposition of the Market Shares and direct the vote of the Market Shares.
Management IV disclaims beneficial ownership of such securities except to the
extent of its pecuniary interest therein.
Messrs. Hoag and Kimball are the managing members of Management IV. Under the
operating agreement of Management IV, each of Messrs. Hoag and Kimball have the
independent power to cause the funds managed by Management IV to buy and sell
securities of publicly traded portfolio companies; however, in general, they
must act by unanimous consent with respect to all other matters, including
directing the voting of such securities. As a result, each of Messrs. Hoag and
Kimball may be deemed to each have the sole power to dispose or direct the
disposition of the Market Shares held by TCV IV Funds and the shared power to
direct the vote of the Market Shares held by TCV IV Funds. Messrs. Hoag and
Kimball disclaim beneficial ownership of the securities owned by TCV IV Funds
except to the extent of their pecuniary interest therein.
The Reporting Persons may be deemed to be acting as a group in relation to their
respective holdings in the Company but do not affirm the existence of any such
group.
Except as set forth in this Item 5(a) - (b), each of the Reporting Persons
disclaims beneficial ownership of any Common Stock owned beneficially or of
record by any other Reporting Person.
(c). Except as set forth herein, none of the Reporting Persons has effected any
transaction in the Common Stock during the past 60 days.
(d). Not applicable.
(e). Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER.
Except as set forth herein and as set forth in the Reporting Persons' initial
statement on Schedule 13D with respect to the Company's securities, filed May
24, 2002 (which is incorporated by reference herein), none of the Reporting
Persons has any contracts, arrangements, understandings or relationships (legal
or otherwise) with any person with respect to any securities of Company,
including but not limited to any contracts, arrangements, understandings or
relationships concerning the transfer or voting of such securities, finder's
fees, joint ventures, loan or option arrangements, puts or calls, guarantees of
profits, division of profits or losses, or the giving or withholding of proxies.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit 1 Joint Filing Agreement (incorporated by reference from Exhibit 1 to
the Schedule 13D relating to the common stock of Altiris, Inc. filed
on May 24, 2002)
Exhibit 2 Statement Appointing Designated Filer and Authorized Signatories
dated November 5, 2001 (incorporated by reference from Exhibit A to
the Schedule 13D/A relating to the common stock of Digital Generation
Systems, Inc. filed on March 21, 2002)
SIGNATURE
After reasonable inquiry and to the best of each of the undersigned's knowledge
and belief, each of the undersigned certifies that the information set forth in
this statement is true, complete and correct.
Dated: August 2, 2002
TCV IV, L.P.
By: /s/ Carla S. Newell
-----------------------------------------
Name: Carla S. Newell
Its: Authorized Signatory
TCV IV STRATEGIC PARTNERS, L.P.
By: /s/ Carla S. Newell
-----------------------------------------
Name: Carla S. Newell
Its: Authorized Signatory
TECHNOLOGY CROSSOVER MANAGEMENT IV, L.L.C.
By: /s/ Carla S. Newell
-----------------------------------------
Name: Carla S. Newell
Its: Authorized Signatory
JAY C. HOAG
/s/ Carla S. Newell
--------------------------------------------
By: Carla S. Newell, Authorized Signatory
RICHARD H. KIMBALL
/s/ Carla S. Newell
--------------------------------------------
By: Carla S. Newell, Authorized Signatory
EXHIBIT INDEX
Exhibit 1 Joint Filing Agreement (incorporated by reference from Exhibit 1
to the Schedule 13D relating to the common stock of Altiris, Inc.
filed on May 24, 2002)
Exhibit 2 Statement Appointing Designated Filer and Authorized Signatories
dated November 5, 2001 (incorporated by reference from Exhibit A
to the Schedule 13D/A relating to the common stock of Digital
Generation Systems, Inc. filed on March 21, 2002)