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Dropbox (DBX)

Filed: 14 Feb 20, 1:40pm

 

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

(Rule13d-102)

Information to be Included in Statements Filed Pursuant to §240.13d-1(b), (c) and (d) and

Amendments Thereto Filed Pursuant to §240.13d-2

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

 

 

Dropbox, Inc.

(Name of Issuer)

Class A common stock, par value $0.00001 per share

(Title of Class of Securities)

26210C 10 4

(CUSIP Number)

December 31, 2019

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this schedule is filed:

☐ Rule13d-1(b)

☐ Rule13d-1(c)

☒ Rule13d-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. 26210C 10 4  SCHEDULE 13G  Page 2 of 8 Pages

 

  1   

  NAME OF REPORTING PERSON

 

  SEQUOIA CAPITAL XII, L.P. (“SC XII”)

  2   

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☐

 

  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

 

  38,089,573

 7    

  SOLE DISPOSITIVE POWER

 

  0

 8    

  SHARED DISPOSITIVE POWER

 

  38,089,573

  9   

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  38,089,573

10   

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

11   

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  13.0%1

12   

  TYPE OF REPORTING PERSON

 

  PN

 

1 

Based on a total of 253,940,063 shares outstanding as of November 4, 2019, as reported in the Issuer’s Quarterly Report on Form10-Q filed with the Securities and Exchange Commission on November 8, 2019.


CUSIP No. 26210C 10 4  SCHEDULE 13G  Page 3 of 8 Pages

 

  1   

  NAME OF REPORTING PERSON

 

  SEQUOIA CAPITAL XII PRINCIPALS FUND, LLC (“SC XII PF”)

  2   

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☐

 

  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

 

  4,070,903

 7    

  SOLE DISPOSITIVE POWER

 

  0

 8    

  SHARED DISPOSITIVE POWER

 

  4,070,903

  9   

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  4,070,903

10   

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

11   

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  1.6%1

12   

  TYPE OF REPORTING PERSON

 

  OO

 

1 

Based on a total of 253,940,063 shares outstanding as of November 4, 2019, as reported in the Issuer’s Quarterly Report on Form10-Q filed with the Securities and Exchange Commission on November 8, 2019.


CUSIP No. 26210C 10 4  SCHEDULE 13G  Page 4 of 8 Pages

 

  1   

  NAME OF REPORTING PERSON

 

  SEQUOIA TECHNOLOGY PARTNERS XII, L.P. (“STP XII”)

  2   

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☐

 

  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

 

  1,425,245

 7    

  SOLE DISPOSITIVE POWER

 

  0

 8    

  SHARED DISPOSITIVE POWER

 

  1,425,245

  9   

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  1,425,245

10   

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

11   

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  0.6%1

12   

  TYPE OF REPORTING PERSON

 

  PN

 

1 

Based on a total of 253,940,063 shares outstanding as of November 4, 2019, as reported in the Issuer’s Quarterly Report on Form10-Q filed with the Securities and Exchange Commission on November 8, 2019.


CUSIP No. 26210C 10 4  SCHEDULE 13G  Page 5 of 8 Pages

 

  1   

  NAME OF REPORTING PERSON

 

  SC XII MANAGEMENT, LLC (“SC XII LLC”)

  2   

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☐

 

  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

 

43,585,721 shares of which 38,089,573 shares of Class B common stock are directly held by SC XII, 4,070,903 shares of Class B common stock are directly held by SC XII PF and 1,425,245 shares of Class B common stock are directly held by STP XII. SC XII LLC is the General Partner of each of SC XII and STP XII, and the Managing Member of SC XII PF.

 7    

  SOLE DISPOSITIVE POWER

 

  0

 8    

  SHARED DISPOSITIVE POWER

 

43,585,721 shares of which 38,089,573 shares of Class B common stock are directly held by SC XII, 4,070,903 shares of Class B common stock are directly held by SC XII PF and 1,425,245 shares of Class B common stock are directly held by STP XII. SC XII LLC is the General Partner of each of SC XII and STP XII, and the Managing Member of SC XII PF.

  9   

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  43,585,721

10   

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

11   

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  14.7%1

12   

  TYPE OF REPORTING PERSON

 

  OO

 

1 

Based on a total of 253,940,063 shares outstanding as of November 4, 2019, as reported in the Issuer’s Quarterly Report on Form10-Q filed with the Securities and Exchange Commission on November 8, 2019.


CUSIP No. 26210C 10 4  SCHEDULE 13G  Page 6 of 8 Pages

 

ITEM 1.

(a) Name of Issuer:

Dropbox, Inc., a Delaware corporation (“Issuer”)

(b) Address of Issuer’s Principal Executive Offices:

333 Brannan Street

San Francisco, CA 94107

ITEM 2.

(a) Name of Persons Filing:

Sequoia Capital XII, L.P.

Sequoia Capital XII Principals Fund, LLC

Sequoia Technology Partners XII, L.P.

SC XII Management, LLC

The General Partner of each of SC XII and STP XII, and the Managing Member of SC XII PF is SC XII LLC.

(b) Address of Principal Business Office or, if none, Residence:

2800 Sand Hill Road, Suite 101

Menlo Park, CA 94025

(c) Citizenship:

SC XII, SC XII PF, STP XII, SC XII LLC: Delaware

(d) CUSIP Number:

26210C 10 4

ITEM 3.

If this statement is filed pursuant to§§240.13d-1(b) or240.13d-2(b) or (c), check whether the person filing is a:

NOT APPLICABLE

 

ITEM 4.

OWNERSHIP

SEE ROWS 5 THROUGH 11 OF COVER PAGES

 

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  ☐.


CUSIP No. 26210C 10 4  SCHEDULE 13G  Page 7 of 8 Pages

 

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. 26210C 10 4  SCHEDULE 13G  Page 8 of 8 Pages

 

SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

Dated: February 14, 2020

 

Sequoia Capital XII, L.P.

Sequoia Technology Partners XII, L.P.

By: SC XII Management, LLC
 General Partner of each
By: 

/s/ Douglas Leone

 Douglas Leone, Managing Member
Sequoia Capital XII Principals Fund, LLC
By: SC XII Management, LLC
 its Managing Member
By: 

/s/ Douglas Leone

 Douglas Leone, Managing Member
SC XII Management, LLC
By: 

/s/ Douglas Leone

 Douglas Leone, Managing Member