SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
SPRENG R DAVID

(Last) (First) (Middle)
C/O CRESCENDO VENTURES
480 COWPER STREET, SUITE 300

(Street)
PALO ALTO CA 94301

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
COMPELLENT TECHNOLOGIES INC [ CML ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/09/2008
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 06/09/2008 S 272,018 D $12 3,891,309(1) I By Crescendo IV, L.P.(2)
Common Stock 06/09/2008 S 16,369 D $12 234,437(1) I By Crescendo IV AG & Co. Beteiligungs KG(3)
Common Stock 06/09/2008 S 7,610 D $12 75,809(1) I By Crescendo IV Entrepreneurs Fund, L.P.(4)
Common Stock 06/09/2008 S 3,403 D $12 29,250(1) I By Crescendo IV Entrepreneurs Fund A, L.P.(5)
Common Stock 06/09/2008 S 91 D $12.11 3,891,218(1) I By Crescendo IV, L.P.(2)
Common Stock 06/09/2008 S 6 D $12.11 234,431(1) I By Crescendo IV AG & Co. Beteiligungs KG(3)
Common Stock 06/09/2008 S 2 D $12.11 75,807(1) I By Crescendo IV Entrepreneurs Fund, L.P.(4)
Common Stock 06/09/2008 S 1 D $12.11 29,249(1) I By Crescendo IV Entrepreneurs Fund A, L.P.(5)
Common Stock 06/09/2008 S 454 D $12.2 3,890,764(1) I By Crescendo IV, L.P.(2)
Common Stock 06/09/2008 S 27 D $12.2 234,404(1) I By Crescendo IV AG & Co. Beteiligungs KG(3)
Common Stock 06/09/2008 S 13 D $12.2 75,794(1) I By Crescendo IV Entrepreneurs Fund, L.P.(4)
Common Stock 06/09/2008 S 6 D $12.2 29,243(1) I By Crescendo IV Entrepreneurs Fund A, L.P.(5)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. R. David Spreng is the managing general partner of Crescendo Ventures IV, LLP ("Crescendo LLP") and Crescendo German Investments IV, LLC ("Crescendo GI"). Crescendo LLP is the general partner Crescendo IV, L.P. ("Crescendo IV"), Crescendo IV Enterpreneurs Fund, L.P. ("Crescendo EF") and Crescendo IV Entrepreneurs Fund A, L.P. ("Crescendo EFA") and Crescendo GI is the general partner of Crescendo IV AG & Co. Beteiligungs KG ("Crescendo KG"). Mr. Spreng disclaims beneficial ownership of these securities except to the extent of his pecuniary interest, and this report shall not be deemed to be an admission that Mr. Spreng is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
2. Consists of shares owned by Crescendo IV. Crescendo LLP, as the general partner of Crescendo IV, may be deemed to beneficially own the shares owned by Crescendo IV. Mr. Spreng disclaims beneficial ownership of the shares owned by Crescendo IV except to the extent of his pecuniary interest.
3. Consists of shares owned by Crescendo KG. Crescendo GI, as the general partner of Crescendo KG, may be deemed to beneficially own the shares owned by Crescendo KG. Mr. Spreng disclaims beneficial ownership of the shares owned by Crescendo KG except to the extent of his pecuniary interest.
4. Consists of shares owned by Crescendo EF. Crescendo LLP, as the general partner of Crescendo EF, may be deemed to beneficially own the shares owned by Crescendo EF. Mr. Spreng disclaims beneficial ownership of the shares owned by Crescendo EF except to the extent of his pecuniary interest.
5. Consists of shares owned by Crescendo EFA. Crescendo LLP, as the general partner of Crescendo EFA, may be deemed to beneficially own the shares owned by Crescendo EFA. Mr. Spreng disclaims beneficial ownership of the shares owned by Crescendo EF except to the extent of his pecuniary interest.
Remarks:
/s/ R. David Spreng, General Partner 06/10/2008
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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