<SEC-DOCUMENT>0001181431-12-012983.txt : 20120229
<SEC-HEADER>0001181431-12-012983.hdr.sgml : 20120229
<ACCEPTANCE-DATETIME>20120229165122
ACCESSION NUMBER: 0001181431-12-012983
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20120227
FILED AS OF DATE: 20120229
DATE AS OF CHANGE: 20120229
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: CANAAN EQUITY II ENTREPRENEURS LLC
CENTRAL INDEX KEY: 0001102081
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35187
FILM NUMBER: 12653490
BUSINESS ADDRESS:
STREET 1: 105 ROWAYTON AVE
CITY: ROWAYTON
STATE: CT
ZIP: 06853
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: CANAAN EQUITY II LP
CENTRAL INDEX KEY: 0001097958
STATE OF INCORPORATION: DE
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35187
FILM NUMBER: 12653489
BUSINESS ADDRESS:
STREET 1: 105 ROWAYTON AVENUE
CITY: ROWAYTON
STATE: CT
ZIP: 06853
BUSINESS PHONE: 2038550400
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: ACTIVE NETWORK INC
CENTRAL INDEX KEY: 0001163932
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372]
IRS NUMBER: 330884962
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 10182 TELESIS COURT
STREET 2: SUITE 300
CITY: SAN DIEGO
STATE: CA
ZIP: 92121
BUSINESS PHONE: 858-964-3800
MAIL ADDRESS:
STREET 1: 10182 TELESIS COURT
STREET 2: STE 300
CITY: SAN DIEGO
STATE: CA
ZIP: 92121
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: GREEN L STEPHEN
CENTRAL INDEX KEY: 0001012837
STATE OF INCORPORATION: CT
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35187
FILM NUMBER: 12653492
MAIL ADDRESS:
STREET 1: C/O CANAAN PARTNERS
STREET 2: 285 RIVERSIDE AVENUE, SUITE 250
CITY: WESTFORD
STATE: CT
ZIP: 06880
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: CANAAN EQUITY III ENTREPRENEURS LLC
CENTRAL INDEX KEY: 0001134395
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35187
FILM NUMBER: 12653486
BUSINESS ADDRESS:
STREET 1: C/S CANAAN PARTNERS
STREET 2: 285 RIVERSIDE AVENUE, SUITE 250
CITY: WESTFORD
STATE: CT
ZIP: 06880
BUSINESS PHONE: 203-855-0400
MAIL ADDRESS:
STREET 1: C/S CANAAN PARTNERS
STREET 2: 285 RIVERSIDE AVENUE, SUITE 250
CITY: WESTFORD
STATE: CT
ZIP: 06880
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: CANAAN EQUITY III LP
CENTRAL INDEX KEY: 0001135736
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35187
FILM NUMBER: 12653485
BUSINESS ADDRESS:
STREET 1: 285 RIVERSIDE AVENUE
STREET 2: SUITE 250
CITY: WESTFORD
STATE: CT
ZIP: 06880
BUSINESS PHONE: 2038550400
MAIL ADDRESS:
STREET 1: 285 RIVERSIDE AVENUE
STREET 2: SUITE 250
CITY: WESTFORD
STATE: CT
ZIP: 06880
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Canaan Equity Partners II LLC
CENTRAL INDEX KEY: 0001318074
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35187
FILM NUMBER: 12653491
BUSINESS ADDRESS:
STREET 1: 105 ROWAYTON AVE
CITY: ROWAYTON
STATE: CT
ZIP: 06853
BUSINESS PHONE: 203-855-0400
MAIL ADDRESS:
STREET 1: 105 ROWAYTON AVE
CITY: ROWAYTON
STATE: CT
ZIP: 06853
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Canaan Equity II, L.P. (QP)
CENTRAL INDEX KEY: 0001318075
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35187
FILM NUMBER: 12653488
BUSINESS ADDRESS:
STREET 1: 105 ROWAYTON AVE
CITY: ROWAYTON
STATE: CT
ZIP: 06853
BUSINESS PHONE: 203-855-0400
MAIL ADDRESS:
STREET 1: 105 ROWAYTON AVE
CITY: ROWAYTON
STATE: CT
ZIP: 06853
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Canaan Equity Partners III LLC
CENTRAL INDEX KEY: 0001318077
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35187
FILM NUMBER: 12653487
BUSINESS ADDRESS:
STREET 1: C/O CANAAN PARTNERS
STREET 2: 285 RIVERSIDE AVENUE, SUITE 250
CITY: WESTFORD
STATE: CT
ZIP: 06880
BUSINESS PHONE: 203-855-0400
MAIL ADDRESS:
STREET 1: C/O CANAAN PARTNERS
STREET 2: 285 RIVERSIDE AVENUE, SUITE 250
CITY: WESTFORD
STATE: CT
ZIP: 06880
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Canaan VII L P
CENTRAL INDEX KEY: 0001327625
STATE OF INCORPORATION: DE
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35187
FILM NUMBER: 12653483
BUSINESS ADDRESS:
STREET 1: C/O CANAAN MANAGEMENT INC
STREET 2: 105 ROWAYTON AVE
CITY: ROWAYTON
STATE: CT
ZIP: 06853
BUSINESS PHONE: 2038550400
MAIL ADDRESS:
STREET 1: C/O CANAAN MANAGEMENT INC
STREET 2: 105 ROWAYTON AVE
CITY: ROWAYTON
STATE: CT
ZIP: 06853
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Canaan Partners VII LLC
CENTRAL INDEX KEY: 0001514133
STATE OF INCORPORATION: CT
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35187
FILM NUMBER: 12653484
BUSINESS ADDRESS:
STREET 1: 285 RIVERSIDE AVENUE
STREET 2: STE. 250
CITY: WESTPORT
STATE: CT
ZIP: 06880
BUSINESS PHONE: 2038550400
MAIL ADDRESS:
STREET 1: 285 RIVERSIDE AVENUE
STREET 2: STE. 250
CITY: WESTPORT
STATE: CT
ZIP: 06880
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd335891.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>
<schemaVersion>X0304</schemaVersion>
<documentType>4</documentType>
<periodOfReport>2012-02-27</periodOfReport>
<notSubjectToSection16>0</notSubjectToSection16>
<issuer>
<issuerCik>0001163932</issuerCik>
<issuerName>ACTIVE NETWORK INC</issuerName>
<issuerTradingSymbol>ACTV</issuerTradingSymbol>
</issuer>
<reportingOwner>
<reportingOwnerId>
<rptOwnerCik>0001012837</rptOwnerCik>
<rptOwnerName>GREEN L STEPHEN</rptOwnerName>
</reportingOwnerId>
<reportingOwnerAddress>
<rptOwnerStreet1>C/O CANAAN PARTNERS</rptOwnerStreet1>
<rptOwnerStreet2>285 RIVERSIDE AVENUE, SUITE 250</rptOwnerStreet2>
<rptOwnerCity>WESTPORT</rptOwnerCity>
<rptOwnerState>CT</rptOwnerState>
<rptOwnerZipCode>06880</rptOwnerZipCode>
<rptOwnerStateDescription></rptOwnerStateDescription>
</reportingOwnerAddress>
<reportingOwnerRelationship>
<isDirector>1</isDirector>
<isOfficer>0</isOfficer>
<isTenPercentOwner>1</isTenPercentOwner>
<isOther>0</isOther>
</reportingOwnerRelationship>
</reportingOwner>
<reportingOwner>
<reportingOwnerId>
<rptOwnerCik>0001318074</rptOwnerCik>
<rptOwnerName>Canaan Equity Partners II LLC</rptOwnerName>
</reportingOwnerId>
<reportingOwnerAddress>
<rptOwnerStreet1>C/O CANAAN PARTNERS</rptOwnerStreet1>
<rptOwnerStreet2>285 RIVERSIDE AVENUE, SUITE 250</rptOwnerStreet2>
<rptOwnerCity>WESTPORT</rptOwnerCity>
<rptOwnerState>CT</rptOwnerState>
<rptOwnerZipCode>06880</rptOwnerZipCode>
<rptOwnerStateDescription></rptOwnerStateDescription>
</reportingOwnerAddress>
<reportingOwnerRelationship>
<isDirector>0</isDirector>
<isOfficer>0</isOfficer>
<isTenPercentOwner>1</isTenPercentOwner>
<isOther>0</isOther>
</reportingOwnerRelationship>
</reportingOwner>
<reportingOwner>
<reportingOwnerId>
<rptOwnerCik>0001102081</rptOwnerCik>
<rptOwnerName>CANAAN EQUITY II ENTREPRENEURS LLC</rptOwnerName>
</reportingOwnerId>
<reportingOwnerAddress>
<rptOwnerStreet1>C/O CANAAN PARTNERS</rptOwnerStreet1>
<rptOwnerStreet2>285 RIVERSIDE AVENUE, SUITE 250</rptOwnerStreet2>
<rptOwnerCity>WESTPORT</rptOwnerCity>
<rptOwnerState>CT</rptOwnerState>
<rptOwnerZipCode>06880</rptOwnerZipCode>
<rptOwnerStateDescription></rptOwnerStateDescription>
</reportingOwnerAddress>
<reportingOwnerRelationship>
<isDirector>0</isDirector>
<isOfficer>0</isOfficer>
<isTenPercentOwner>1</isTenPercentOwner>
<isOther>0</isOther>
</reportingOwnerRelationship>
</reportingOwner>
<reportingOwner>
<reportingOwnerId>
<rptOwnerCik>0001097958</rptOwnerCik>
<rptOwnerName>CANAAN EQUITY II LP</rptOwnerName>
</reportingOwnerId>
<reportingOwnerAddress>
<rptOwnerStreet1>285 RIVERSIDE AVENUE, SUITE 250</rptOwnerStreet1>
<rptOwnerStreet2></rptOwnerStreet2>
<rptOwnerCity>WESTPORT</rptOwnerCity>
<rptOwnerState>CT</rptOwnerState>
<rptOwnerZipCode>06880</rptOwnerZipCode>
<rptOwnerStateDescription></rptOwnerStateDescription>
</reportingOwnerAddress>
<reportingOwnerRelationship>
<isDirector>0</isDirector>
<isOfficer>0</isOfficer>
<isTenPercentOwner>1</isTenPercentOwner>
<isOther>0</isOther>
</reportingOwnerRelationship>
</reportingOwner>
<reportingOwner>
<reportingOwnerId>
<rptOwnerCik>0001318075</rptOwnerCik>
<rptOwnerName>Canaan Equity II, L.P. (QP)</rptOwnerName>
</reportingOwnerId>
<reportingOwnerAddress>
<rptOwnerStreet1>C/O CANAAN PARTNERS</rptOwnerStreet1>
<rptOwnerStreet2>285 RIVERSIDE AVENUE, SUITE 250</rptOwnerStreet2>
<rptOwnerCity>WESTPORT</rptOwnerCity>
<rptOwnerState>CT</rptOwnerState>
<rptOwnerZipCode>06880</rptOwnerZipCode>
<rptOwnerStateDescription></rptOwnerStateDescription>
</reportingOwnerAddress>
<reportingOwnerRelationship>
<isDirector>0</isDirector>
<isOfficer>0</isOfficer>
<isTenPercentOwner>1</isTenPercentOwner>
<isOther>0</isOther>
</reportingOwnerRelationship>
</reportingOwner>
<reportingOwner>
<reportingOwnerId>
<rptOwnerCik>0001318077</rptOwnerCik>
<rptOwnerName>Canaan Equity Partners III LLC</rptOwnerName>
</reportingOwnerId>
<reportingOwnerAddress>
<rptOwnerStreet1>C/O CANAAN PARTNERS</rptOwnerStreet1>
<rptOwnerStreet2>285 RIVERSIDE AVENUE, SUITE 250</rptOwnerStreet2>
<rptOwnerCity>WESTPORT</rptOwnerCity>
<rptOwnerState>CT</rptOwnerState>
<rptOwnerZipCode>06880</rptOwnerZipCode>
<rptOwnerStateDescription></rptOwnerStateDescription>
</reportingOwnerAddress>
<reportingOwnerRelationship>
<isDirector>0</isDirector>
<isOfficer>0</isOfficer>
<isTenPercentOwner>1</isTenPercentOwner>
<isOther>0</isOther>
</reportingOwnerRelationship>
</reportingOwner>
<reportingOwner>
<reportingOwnerId>
<rptOwnerCik>0001134395</rptOwnerCik>
<rptOwnerName>CANAAN EQUITY III ENTREPRENEURS LLC</rptOwnerName>
</reportingOwnerId>
<reportingOwnerAddress>
<rptOwnerStreet1>C/O CANAAN PARTNERS</rptOwnerStreet1>
<rptOwnerStreet2>285 RIVERSIDE AVENUE, SUITE 250</rptOwnerStreet2>
<rptOwnerCity>WESTPORT</rptOwnerCity>
<rptOwnerState>CT</rptOwnerState>
<rptOwnerZipCode>06880</rptOwnerZipCode>
<rptOwnerStateDescription></rptOwnerStateDescription>
</reportingOwnerAddress>
<reportingOwnerRelationship>
<isDirector>0</isDirector>
<isOfficer>0</isOfficer>
<isTenPercentOwner>1</isTenPercentOwner>
<isOther>0</isOther>
</reportingOwnerRelationship>
</reportingOwner>
<reportingOwner>
<reportingOwnerId>
<rptOwnerCik>0001135736</rptOwnerCik>
<rptOwnerName>CANAAN EQUITY III LP</rptOwnerName>
</reportingOwnerId>
<reportingOwnerAddress>
<rptOwnerStreet1>C/O/ CANAAN PARTNERS</rptOwnerStreet1>
<rptOwnerStreet2>285 RIVERSIDE AVENUE, SUITE 250</rptOwnerStreet2>
<rptOwnerCity>WESTPORT</rptOwnerCity>
<rptOwnerState>CT</rptOwnerState>
<rptOwnerZipCode>06880</rptOwnerZipCode>
<rptOwnerStateDescription></rptOwnerStateDescription>
</reportingOwnerAddress>
<reportingOwnerRelationship>
<isDirector>0</isDirector>
<isOfficer>0</isOfficer>
<isTenPercentOwner>1</isTenPercentOwner>
<isOther>0</isOther>
</reportingOwnerRelationship>
</reportingOwner>
<reportingOwner>
<reportingOwnerId>
<rptOwnerCik>0001514133</rptOwnerCik>
<rptOwnerName>Canaan Partners VII LLC</rptOwnerName>
</reportingOwnerId>
<reportingOwnerAddress>
<rptOwnerStreet1>C/O CANAAN PARTNERS</rptOwnerStreet1>
<rptOwnerStreet2>285 RIVERSIDE AVENUE, SUITE 250</rptOwnerStreet2>
<rptOwnerCity>WESTPORT</rptOwnerCity>
<rptOwnerState>CT</rptOwnerState>
<rptOwnerZipCode>06880</rptOwnerZipCode>
<rptOwnerStateDescription></rptOwnerStateDescription>
</reportingOwnerAddress>
<reportingOwnerRelationship>
<isDirector>0</isDirector>
<isOfficer>0</isOfficer>
<isTenPercentOwner>1</isTenPercentOwner>
<isOther>0</isOther>
</reportingOwnerRelationship>
</reportingOwner>
<reportingOwner>
<reportingOwnerId>
<rptOwnerCik>0001327625</rptOwnerCik>
<rptOwnerName>Canaan VII L P</rptOwnerName>
</reportingOwnerId>
<reportingOwnerAddress>
<rptOwnerStreet1>C/O CANAAN PARTNERS</rptOwnerStreet1>
<rptOwnerStreet2>285 RIVERSIDE AVENUE, SUITE 250</rptOwnerStreet2>
<rptOwnerCity>WESTPORT</rptOwnerCity>
<rptOwnerState>CT</rptOwnerState>
<rptOwnerZipCode>06880</rptOwnerZipCode>
<rptOwnerStateDescription></rptOwnerStateDescription>
</reportingOwnerAddress>
<reportingOwnerRelationship>
<isDirector>0</isDirector>
<isOfficer>0</isOfficer>
<isTenPercentOwner>1</isTenPercentOwner>
<isOther>0</isOther>
</reportingOwnerRelationship>
</reportingOwner>
<nonDerivativeTable>
<nonDerivativeTransaction>
<securityTitle>
<value>Common Stock</value>
</securityTitle>
<transactionDate>
<value>2012-02-27</value>
</transactionDate>
<transactionCoding>
<transactionFormType>4</transactionFormType>
<transactionCode>S</transactionCode>
<equitySwapInvolved>0</equitySwapInvolved>
</transactionCoding>
<transactionAmounts>
<transactionShares>
<value>78400</value>
<footnoteId id="F1"/>
</transactionShares>
<transactionPricePerShare>
<value>15.8511</value>
<footnoteId id="F2"/>
</transactionPricePerShare>
<transactionAcquiredDisposedCode>
<value>D</value>
</transactionAcquiredDisposedCode>
</transactionAmounts>
<postTransactionAmounts>
<sharesOwnedFollowingTransaction>
<value>5483271</value>
<footnoteId id="F3"/>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature>
<directOrIndirectOwnership>
<value>I</value>
</directOrIndirectOwnership>
<natureOfOwnership>
<value>See footnotes</value>
<footnoteId id="F4"/>
<footnoteId id="F5"/>
<footnoteId id="F6"/>
</natureOfOwnership>
</ownershipNature>
</nonDerivativeTransaction>
<nonDerivativeTransaction>
<securityTitle>
<value>Common Stock</value>
</securityTitle>
<transactionDate>
<value>2012-02-28</value>
</transactionDate>
<transactionCoding>
<transactionFormType>4</transactionFormType>
<transactionCode>S</transactionCode>
<equitySwapInvolved>0</equitySwapInvolved>
</transactionCoding>
<transactionAmounts>
<transactionShares>
<value>62300</value>
<footnoteId id="F7"/>
</transactionShares>
<transactionPricePerShare>
<value>16.0017</value>
<footnoteId id="F8"/>
</transactionPricePerShare>
<transactionAcquiredDisposedCode>
<value>D</value>
</transactionAcquiredDisposedCode>
</transactionAmounts>
<postTransactionAmounts>
<sharesOwnedFollowingTransaction>
<value>5420971</value>
<footnoteId id="F9"/>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature>
<directOrIndirectOwnership>
<value>I</value>
</directOrIndirectOwnership>
<natureOfOwnership>
<value>See foonotes</value>
<footnoteId id="F4"/>
<footnoteId id="F5"/>
<footnoteId id="F6"/>
</natureOfOwnership>
</ownershipNature>
</nonDerivativeTransaction>
<nonDerivativeHolding>
<securityTitle>
<value>Common Stock</value>
</securityTitle>
<postTransactionAmounts>
<sharesOwnedFollowingTransaction>
<value>23546</value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature>
<directOrIndirectOwnership>
<value>D</value>
</directOrIndirectOwnership>
</ownershipNature>
</nonDerivativeHolding>
</nonDerivativeTable>
<footnotes>
<footnote id="F1">Consists of 78,400 shares held by Canaan VII L.P., a limited partnership of which Canaan Partners VII LLC is the general partner.</footnote>
<footnote id="F2">The prices reported for this transaction range from $15.82 to $15.92; the reporting persons hereby agree to provide, upon request by the staff of the Securities and Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.</footnote>
<footnote id="F3">Consists of 100,156 shares held by Canaan Equity II Entrepreneurs LLC, 1,261,595 shares held by Canaan Equity II L.P., 564,346 shares held by Canaan Equity II L.P. (QP), 63,260 shares held by Canaan Equity III Entrepreneurs LLC, 1,693,993 shares held by Canaan Equity III L.P. and 1,799,921 shares held by Canaan VII L.P.</footnote>
<footnote id="F4">Mr. Green, John V. Balen, Deepak Kamra, Gregory Kopchinsky, Guy M. Russo, Eric A. Young (the "Canaan II Individuals"), Charmers Landing LLC ("Charmers"), Stonehenge LLC ("Stonehenge") and Waubeeka LLC ("Waubeeka") are managers of Canaan Equity Partners II LLC which is (a) the sole Manager of Canaan Equity II Entrepreneurs LLC and (b) the sole General Partner of each of Canaan Equity II L.P and Canaan Equity II L.P. (QP). The sole managers of Charmers, Stonehenge and Waubeeka are Mr. Green, Mr. Kopchinsky and Mr. Russo, respectively. Such individuals may be deemed to have shared voting, investment and dispositive power with respect to shares held of record by Canaan Equity II Entrepreneurs LLC, Canaan Equity II, L.P., and Canaan Equity II, L.P. (QP), but disclaim beneficial ownership of all shares except to the extent of any pecuniary interest therein.</footnote>
<footnote id="F5">Mr. Green, John V. Balen, Deepak Kamra, Gregory Kopchinsky, Seth A. Rudnick, Guy M. Russo, and Eric A. Young are Managers of Canaan Equity Partners III LLC which is (a) the sole Manager of Canaan Equity III Entrepreneurs LLC and (b) the sole General Partner of Canaan Equity III L.P. Such individuals may be deemed to have shared voting, investment and dispositive power with respect to shares held of record by Canaan Equity III, L.P. and Canaan Equity III Entrepreneurs LLC, but disclaim beneficial ownership of all shares except to the extent of any pecuniary interest therein.</footnote>
<footnote id="F6">Brenton K. Ahrens, John V. Balen, Maha S. Ibrahim, Deepak Kamra, Gregory Kopchinsky, Seth A. Rudnick, Guy M. Russo, Eric A. Young, Wende Hutton and Stephen Bloch are Managers of Canaan Partners VII LLC which is the sole General Partner of Canaan VII L.P. Such individuals may be deemed to have shared voting, investment and dispositive power with respect to shares held of record by Canaan VII L.P., but disclaim beneficial ownership of all shares except to the extent of any pecuniary interest therein. Mr. Green is not a member or manager of Canaan Partners VII LLC and does not have a pecuniary interest in the shares held by Canaan VII L.P.</footnote>
<footnote id="F7">Consists of 62,300 shares held by Canaan VII L.P., a limited partnership of which Canaan Partners VII LLC is the general partner.</footnote>
<footnote id="F8">The prices reported for this transaction range from $16.00 to $16.09; the reporting persons hereby agree to provide, upon request by the staff of the Securities and Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.</footnote>
<footnote id="F9">Consists of 100,156 shares held by Canaan Equity II Entrepreneurs LLC, 1,261,595 shares held by Canaan Equity II L.P., 564,346 shares held by Canaan Equity II L.P. (QP), 63,260 shares held by Canaan Equity III Entrepreneurs LLC, 1,693,993 shares held by Canaan Equity III L.P. and 1,737,621 shares held by Canaan VII L.P.</footnote>
</footnotes>
<remarks>This filing is the first of three Form 4s filed by the joint filers. Multiple forms are required because there are more than ten joint filers.</remarks>
<ownerSignature>
<signatureName>/s/ Jaime Slocum, Attorney-in-fact for each of the Reporting Persons</signatureName>
<signatureDate>2012-02-29</signatureDate>
</ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>