SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1 (b), (c) AND
(d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2 (b)
(Amendment No. ______________)*
Shopify Inc.
(Name of Issuer)
Class A subordinate voting shares
(Title of Class of Securities)
82509L107
(CUSIP Number)
December 31, 2015
(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) |
| 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 disclosures provided in a prior cover page.
The information required on 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).
Page 1 of 11 Pages
Exhibit Index Contained on Page 10
| CUSIP NO. 82509L107 | 13 G | Page 2 of 11 |
| 1 |
NAME OF REPORTING PERSONS FirstMark Capital I, L.P. (“FMC I”) | ||
| 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 ORGANIZATION Delaware | ||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 |
SOLE VOTING POWER
7,921,775 shares, except that (i) FirstMark Capital I GP, LLC (“FMC I GP”), the general partner of FMC I, may be deemed to have sole power to vote these shares and (ii) each of Richard Heitzmann (“RH”) and Amish Jani (“AJ”) is a manager of FMC I GP and may be deemed to have shared power to vote these shares. | |
| 6 |
SHARED VOTING POWER See response to row 5.
| ||
| 7 |
SOLE DISPOSITIVE
POWER 7,921,775 shares, except that (i) FMC I GP, the general partner of FMC I, may be deemed to have sole power to dispose of these shares and (ii) each of RH and AJ is a manager of FMC I GP and may be deemed to have shared power to dispose of these shares.
| ||
| 8 |
SHARED DISPOSITIVE POWER
See response to row 7.
| ||
| 9 | AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,921,775 | ||
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) ¨ | ||
| 11 | PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 10.4% | ||
| 12 | TYPE
OF REPORTING PERSON (See Instructions) PN | ||
| CUSIP NO. 82509L107 | 13 G | Page 3 of 11 |
| 1 | NAME OF REPORTING PERSONS
FirstMark Capital I GP, 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 ORGANIZATION Delaware | ||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 |
SOLE VOTING POWER
7,921,775 shares, all of which are directly owned by FMC I. FMC I GP, the general partner of FMC I, may be deemed to have sole power to vote these shares, and each of RH and AJ is a manager of FMC I GP and may be deemed to have shared power to vote these shares.
| |
| 6 |
SHARED VOTING POWER See response to row 5.
| ||
| 7 |
SOLE DISPOSITIVE POWER 7,921,775 shares, all of which are directly owned by FMC I. FMC I GP, the general partner of FMC I, may be deemed to have sole power to dispose of these shares, and each of RH and AJ is a manager of FMC I GP and may be deemed to have shared power to dispose of these shares.
| ||
| 8 |
SHARED DISPOSITIVE POWER See response to row 7.
| ||
| 9 | AGGREGATE AMOUNT BENEFICIALLY
OWNED BY EACH REPORTING PERSON 7,921,775 | ||
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) ¨ | ||
| 11 | PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9) 10.4% | ||
| 12 | TYPE
OF REPORTING PERSON (See Instructions) OO | ||
| CUSIP NO. 82509L107 | 13 G | Page 4 of 11 |
| 1 |
NAME OF REPORTING PERSONS
Amish Jani | ||
| 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 ORGANIZATION United States | ||
|
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5 |
SOLE VOTING POWER
0 shares
| |
| 6 |
SHARED VOTING POWER
7,921,775 shares, all of which are directly owned by FMC I. FMC I GP, the general partner of FMC I, may be deemed to have sole power to vote these shares, and each of RH and AJ is a manager of FMC I GP and may be deemed to have shared power to vote these shares.
| ||
| 7 |
SOLE DISPOSITIVE POWER
0 shares
| ||
| 8 |
SHARED DISPOSITIVE POWER 7,921,775 shares, all of which are directly owned by FMC I. FMC I GP, the general partner of FMC I, may be deemed to have sole power to dispose of these shares, and each of RH and AJ is a manager of FMC I GP and may be deemed to have shared power to dispose of these shares.
| ||
| 9 | AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,921,775 | ||
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) ¨ | ||
| 11 | PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 10.4% | ||
| 12 | TYPE OF REPORTING PERSON (See Instructions) IN | ||
| CUSIP NO. 82509L107 | 13 G | Page 5 of 11 |
| 1 |
NAME OF REPORTING PERSONS
Richard Heitzmann | ||
| 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 ORGANIZATION United States | ||
| NUMBER OF | 5 |
SOLE VOTING POWER
0 shares
| |
| SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
6 |
SHARED VOTING POWER
7,921,775 shares, all of which are directly owned by FMC I. FMC I GP, the general partner of FMC I, may be deemed to have sole power to vote these shares, and each of RH and AJ is a manager of FMC I GP and may be deemed to have shared power to vote these shares.
| |
| 7 |
SOLE DISPOSITIVE
POWER 0 shares
| ||
| 8 |
SHARED DISPOSITIVE POWER 7,921,775 shares, all of which are directly owned by FMC I. FMC I GP, the general partner of FMC I, may be deemed to have sole power to dispose of these shares, and each of RH and AJ is a manager of FMC I GP and may be deemed to have shared power to dispose of these shares.
| ||
| 9 | AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,921,775 | ||
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) ¨ | ||
| 11 | PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 10.4% | ||
| 12 | TYPE
OF REPORTING PERSON (See Instructions) IN | ||
| CUSIP NO. 82509L107 | 13 G | Page 6 of 11 |
| ITEM 1(A). | NAME OF ISSUER | |||
| Shopify, Inc. | ||||
| ITEM 1(B). | ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES | |||
| 150 Elgin St. | ||||
| 8th Floor | ||||
| Ottawa, Ontario, Canada K2P 1L4 | ||||
| ITEM 2(A). | NAME OF PERSONS FILING | |||
| FMC I, FMC I GP, AJ and RH. The foregoing entities and individuals are collectively referred to as the “Reporting Persons.” | ||||
| FMC I GP is the general partner of FMC I and may be deemed to have sole power to vote and sole power to dispose of shares of the issuer owned directly by FMC I. RH and AJ are managers of FMC I GP and may be deemed to have shared power to vote and shared power to dispose of shares of the issuer owned directly by FMC I. | ||||
| ITEM 2(B). | ADDRESS OF PRINCIPAL BUSINESS OFFICE | |||
| The address for each of the Reporting Persons is: | ||||
| 100 5th Ave., 3rd Floor | ||||
| New York, NY 10011 | ||||
| ITEM 2(C) | CITIZENSHIP | |||
| FMC I is a Delaware limited partnership. FMC I GP is a Delaware limited liability company. AJ and RH are U.S. citizens. | ||||
| ITEM 2(D) AND (E). | TITLE OF CLASS OF SECURITIES AND CUSIP NUMBER |
| Class A subordinate voting shares | |
| CUSIP # 82509L107 |
| ITEM 3. | Not Applicable. | |||
| ITEM 4. | OWNERSHIP | |||
| Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. | ||||
| (a) | Amount beneficially owned: | |||
| See Row 9 of cover page for each Reporting Person. | ||||
| (b) | Percent of Class: | |||
| See Row 11 of cover page for each Reporting Person. | ||||
| CUSIP NO. 82509L107 | 13 G | Page 7 of 11 |
| (c) | Number of shares as to which such person has: | |||
| (i) | Sole power to vote or to direct the vote: | |||
| See Row 5 of cover page for each Reporting Person. | ||||
| (ii) | Shared power to vote or to direct the vote: | |||
| See Row 6 of cover page for each Reporting Person. | ||||
| (iii) | Sole power to dispose or to direct the disposition of: | |||
| See Row 7 of cover page for each Reporting Person. | ||||
| (iv) | Shared power to dispose or to direct the disposition of: | |||
| See Row 8 of cover page for each Reporting Person. | ||||
| 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. | ||||
| CUSIP NO. 82509L107 | 13 G | Page 8 of 11 |
SIGNATURES
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.
Date: February 12, 2016
| FirstMark Capital I, L.P. | /s/ Amish Jani |
| By FirstMark Capital I GP, LLC | Signature |
| Its General Partner | |
| Amish Jani | |
| Manager | |
| /s/ Richard Heitzmann | |
| Signature | |
| Richard Heitzmann | |
| Manager | |
| FirstMark Capital I GP, LLC | /s/ Amish Jani |
| Signature | |
| Amish Jani | |
| Manager | |
| /s/ Richard Heitzmann | |
| Signature | |
| Richard Heitzmann | |
| Manager | |
| Amish Jani | /s/ Amish Jani |
| Amish Jani | |
| Richard Heitzmann | /s/ Richard Heitzmann |
| Richard Heitzmann |
| CUSIP NO. 82509L107 | 13 G | Page 9 of 11 |
The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature.
NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for
other parties for whom copies are to be sent.
Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)
| CUSIP NO. 82509L107 | 13 G | Page 10 of 11 |
EXHIBIT INDEX
| Found on Sequentially | |
| Exhibit | Numbered Page |
| Exhibit A: Agreement of Joint Filing | 11 |
| CUSIP NO. 82509L107 | 13 G | Page 11 of 11 |
exhibit A
Agreement of Joint Filing
The undersigned hereby agree that a single Schedule 13G (or any amendment thereto) relating to the Class A subordinate voting shares of Shopify, Inc. shall be filed on behalf of each of the undersigned and that this Agreement shall be filed as an exhibit to such Schedule 13G.
Date: February 12, 2016
| FirstMark Capital I, L.P. | /s/ Amish Jani |
| By FirstMark Capital I GP, LLC | Signature |
| Its General Partner | |
| Amish Jani | |
| Manager | |
| /s/ Richard Heitzmann | |
| Signature | |
| Richard Heitzmann | |
| Manager | |
| FirstMark Capital I GP, LLC | /s/ Amish Jani |
| Signature | |
| Amish Jani | |
| Manager | |
| /s/ Richard Heitzmann | |
| Signature | |
| Richard Heitzmann | |
| Manager | |
| Amish Jani | /s/ Amish Jani |
| Amish Jani | |
| Richard Heitzmann | /s/ Richard Heitzmann |
| Richard Heitzmann |