0001571049-16-018454.txt : 20160926 0001571049-16-018454.hdr.sgml : 20160926 20160926161158 ACCESSION NUMBER: 0001571049-16-018454 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 5 FILED AS OF DATE: 20160926 DATE AS OF CHANGE: 20160926 GROUP MEMBERS: DANIEL J. DONOGHUE GROUP MEMBERS: DISCOVERY EQUITY PARTNERS, L.P. GROUP MEMBERS: MICHAEL R. MURPHY SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Amber Road, Inc. CENTRAL INDEX KEY: 0001314223 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 222590301 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-88326 FILM NUMBER: 161902393 BUSINESS ADDRESS: STREET 1: 1 MEADOWLANDS PLAZA CITY: EAST RUTHERFORD STATE: NJ ZIP: 07073 BUSINESS PHONE: 201-935-8588 MAIL ADDRESS: STREET 1: 1 MEADOWLANDS PLAZA CITY: EAST RUTHERFORD STATE: NJ ZIP: 07073 FORMER COMPANY: FORMER CONFORMED NAME: Amber Road, Inc DATE OF NAME CHANGE: 20130710 FORMER COMPANY: FORMER CONFORMED NAME: Management Dynamics Inc/NJ DATE OF NAME CHANGE: 20050112 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Discovery Group I, LLC CENTRAL INDEX KEY: 0001312548 IRS NUMBER: 300075077 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 300 S WACKER DRIVE SUITE 600 CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: (312) 265-9600 MAIL ADDRESS: STREET 1: 300 S WACKER DRIVE SUITE 600 CITY: CHICAGO STATE: IL ZIP: 60606 SC 13D/A 1 t1600604_sc13da.htm SCHEDULE 13D (AMENDMENT NO. 5)

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13D

(Rule 13d-101)

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO § 240.13d-1(a) AND AMENDMENTS THERETO FILED

PURSUANT TO § 240.13d-2(a)

 

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 5)*

 

Amber Road, Inc.

 

(Name of Issuer)

 

Common Stock, par value $0.001 per share

 

(Title of Class of Securities)

 

02318Y108

 

(CUSIP Number)

 

Michael R. Murphy

Discovery Group I, LLC

300 South Wacker Drive

Suite 600

Chicago, Illinois 60606

Telephone Number: (312) 265-9600

 

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

 

September 23, 2016

 

(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 that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ¨

 

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 to whom copies are to be sent.

 

*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).

 

 

 

  

 

 

CUSIP No. 02318Y108

 

  1.

Names of Reporting Persons.

Discovery Equity Partners, L.P.

 
  2. Check the Appropriate Box if a Member of a Group (See Instructions)
    (a)  ¨
    (b)  ¨
 
  3. SEC Use Only
 
  4.

Source of Funds (See Instructions)

WC

 
  5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)    ¨
 
  6. Citizenship or Place of Organization
Illinois

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With		 7.

Sole Voting Power

None.

 
8.

Shared Voting Power

1,193,641

 
9.

Sole Dispositive Power

None.

 
10.

Shared Dispositive Power

1,193,641

 

  11.

Aggregate Amount Beneficially Owned by Each Reporting Person

1,193,641

 
  12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   ¨
 
  13.

Percent of Class Represented by Amount in Row (11)

4.5%

 
  14.

Type of Reporting Person (See Instructions)

PN

 

  

 

 

CUSIP No.  02318Y108

 

  1.

Names of Reporting Persons.

Discovery Group I, LLC

 
  2. Check the Appropriate Box if a Member of a Group (See Instructions)
    (a)  ¨
    (b)  ¨
 
  3. SEC Use Only
 
  4.

Source of Funds (See Instructions)

AF

 
  5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)    ¨
 
  6.

Citizenship or Place of Organization

Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With		 7.

Sole Voting Power

None.

 
8.

Shared Voting Power

1,193,641

 
9.

Sole Dispositive Power

None.

 
10.

Shared Dispositive Power

1,193,641

 

  11. Aggregate Amount Beneficially Owned by Each Reporting Person
1,193,641
 
  12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   ¨
 
  13. Percent of Class Represented by Amount in Row (11)
4.5%
 
  14. Type of Reporting Person (See Instructions)
IA

 

  

 

 

CUSIP No. 02318Y108

 

  1.

Names of Reporting Persons.

Daniel J. Donoghue

 
  2. Check the Appropriate Box if a Member of a Group (See Instructions)
    (a)  ¨
    (b)  ¨
 
  3. SEC Use Only
 
  4.

Source of Funds (See Instructions)

AF

 
  5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)    ¨
 
  6.

Citizenship or Place of Organization

United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With		 7.

Sole Voting Power

None.

 
8.

Shared Voting Power

1,193,641

 
9.

Sole Dispositive Power

None.

 
10.

Shared Dispositive Power

1,193,641

 

  11.

Aggregate Amount Beneficially Owned by Each Reporting Person

1,193,641

 
  12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   ¨
 
  13.

Percent of Class Represented by Amount in Row (11)

4.5%

 
  14.

Type of Reporting Person (See Instructions)

IN

 

  

 

 

CUSIP No. 02318Y108

 

  1.

Names of Reporting Persons.

Michael R. Murphy

 
  2. Check the Appropriate Box if a Member of a Group (See Instructions)
    (a)  ¨
    (b)  ¨
 
  3. SEC Use Only
 
  4.

Source of Funds (See Instructions)

AF

 
  5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)    ¨
 
  6.

Citizenship or Place of Organization

United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With		 7.

Sole Voting Power

None.

 
8.

Shared Voting Power

1,193,641

 
9.

Sole Dispositive Power

None.

 
10.

Shared Dispositive Power

1,193,641

 

  11.

Aggregate Amount Beneficially Owned by Each Reporting Person

1,193,641

 
  12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   ¨
 
  13.

Percent of Class Represented by Amount in Row (11)

4.5%

 
  14.

Type of Reporting Person (See Instructions)

IN

 

  

 

 

Item 1. Security and Issuer
   
  This Amendment No. 5 to Schedule 13D (“Amendment No. 5”) relates to the Common Stock, par value $0.001 per share (the “Common Stock”), of Amber Road, Inc., a Delaware corporation (the “Company”), which has its principal executive offices at One Meadowlands Plaza, East Rutherford, NJ 07073. This Amendment No. 5 amends and supplements, as set forth below, the information contained in items 1, 3, 5 and 6 of the Schedule 13D filed by the Reporting Persons with respect to the Company on July 2, 2015, as amended by Amendment No. 1 thereto filed by the Reporting Persons with respect to the Company on July 30, 2015, as amended by Amendment No. 2 thereto filed by the Reporting Persons with respect to the Company on August 19, 2016, as amended by Amendment No. 3 thereto filed by the Reporting Persons with respect to the Company on August 26, 2016, and as amended by Amendment No. 4 thereto filed by the Reporting Persons with respect to the Company on September 6, 2016 (as so amended, the “Schedule 13D”). All capitalized terms used herein but not defined herein have the meanings set forth in the Schedule 13D. Except as amended by this Amendment No. 5, all information contained in the Schedule 13D is, after reasonable inquiry and to the best of the Reporting Persons’ knowledge and belief, complete and correct as of the date of this Amendment No. 5.
   
Item 3. Source and Amount of Funds or Other Consideration
   
 

Item 3 of the Schedule 13D is hereby amended to read in its entirety as follows:

 

The total purchase price for the 1,193,641 shares of Common Stock beneficially owned by the Reporting Persons as of September 23, 2016 was approximately $7,650,658. The source of such funds was the assets of Discovery Equity Partners, including proceeds of margin loans under margin loan facilities maintained in the ordinary course of business by the Discovery Equity Partners with a broker on customary terms and conditions. Discovery Equity Partners is the legal owner of all of the Common Stock beneficially owned by Discovery Group and Messrs. Donoghue and Murphy.

   
Item 5. Interest in Securities of the Issuer
   
 

Item 5 of the Schedule 13D is hereby amended to read in its entirety as follows:

 

The information concerning percentages of ownership set forth below is based on 26,460,677 shares of Common Stock outstanding as of July 31, 2016 in the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2016.

 

Discovery Equity Partners beneficially owns 1,193,641 shares of Common Stock as of September 23, 2016, which represents 4.5% of the outstanding Common Stock.

 

Discovery Group beneficially owns 1,193,641 shares of Common Stock as of September 23, 2016, which represents 4.5% of the outstanding Common Stock.

 

Mr. Donoghue beneficially owns 1,193,641 shares of Common Stock as of September 23, 2016, which represents 4.5% of the outstanding Common Stock.

 

Mr. Murphy beneficially owns 1,193,641 shares of Common Stock as of September 23, 2016, which represents 4.5% of the outstanding Common Stock..

 

  

 

 

 

Discovery Group is the sole general partner of Discovery Equity Partners.  Messrs. Donoghue and Murphy are the sole managing members of Discovery Group.  As a consequence, Discovery Group and Messrs. Donoghue and Murphy may be deemed to share beneficial ownership of all of the shares of Common Stock owned by Discovery Equity Partners.

 

The transactions in Common Stock effected by the Reporting Persons since those reported in the Schedule 13D filed by the Reporting Persons on September 6, 2016 are set out in Exhibit 1 hereto.

 

The Reporting Persons ceased to be beneficial owners of more than five percent of the Common Stock on September 23, 2016.

 

No person other than Discovery Equity Partners is known to any Reporting Person to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, any of the shares of Common Stock reported herein.

   
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
   
 

Item 6 of the Schedule 13D is hereby amended to read in its entirety as follows:

 

There are no contracts, arrangements, understandings or relationships (legal or otherwise) between or among any of the Reporting Persons and any other person with respect to any securities of the Company other than the governing documents of Discovery Group and Discovery Equity Partners, the margin loan facilities referred to under Item 3 above, the Joint Filing Agreements of the Reporting Persons with respect to the Schedule 13D that were included as exhibits thereto, the Joint Filing Agreement of the Reporting Persons with respect to this Amendment No. 5 included as Exhibit 2 to this Amendment No. 5, and the Powers of Attorney granted by Messrs. Donoghue and Murphy with respect to reports under Section 13 of the Securities Exchange Act of 1934, as amended, which Powers of Attorney are included as Exhibit 3 and Exhibit 4, respectively, to this Amendment No. 5.

 

Item 7. Material to Be Filed as Exhibits

 

 

Exhibit 1:            List of transactions effected by the Reporting Persons in the Company’s Common Stock since those reported in the Schedule 13D filed by the Reporting Persons on September 6, 2016.

 

Exhibit 2:            Joint Filing Agreement dated as of September 26, 2016, by and among Discovery Equity Partners; Discovery Group; Daniel J. Donoghue; and Michael R. Murphy.

 

Exhibit 3:            Power of Attorney of Daniel J. Donoghue, dated as of April 28, 2008.

 

Exhibit 4:            Power of Attorney of Michael R. Murphy, dated as of April 28, 2008.

 

  

 

 

Signature

 

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.

 

  September 26, 2016
 

Date

 

 

DISCOVERY GROUP I, LLC,

for itself and as general partner of

DISCOVERY EQUITY PARTNERS, L.P.

 

By: Michael R. Murphy*

  Signature
   
  Michael R. Murphy, Managing Member
  Name/Title
   
  Daniel J. Donoghue*
  Signature
   
  Daniel J. Donoghue
  Name/Title
   
  Michael R. Murphy*
  Signature
   
  Michael R. Murphy
  Name/Title
   
  *By: /s/ Mark Buckley
 

Mark Buckley

Attorney-in-Fact for Daniel J. Donoghue

Attorney-in-Fact for Michael R. Murphy

 

  

 

 

Exhibit Index

 

Exhibit 1   List of transactions effected by the Reporting Persons in the Company’s Common Stock since those reported in the Schedule 13D filed by the Reporting Persons on September 6, 2016.
     
Exhibit 2  

Joint Filing Agreement dated as of September 26, 2016, by and among

Discovery Equity Partners; Discovery Group; Daniel J. Donoghue; and Michael R. Murphy.

     
Exhibit 3   Power of Attorney of Daniel J. Donoghue, dated as of April 28, 2008.
     
Exhibit 4   Power of Attorney of Michael R. Murphy, dated as of April 28, 2008.

 

  

 EX-1 2 t1600604_ex1.htm EXHIBIT 1

 

 

EXHIBIT 1

 

TRANSACTIONS DURING PAST 60 DAYS

 

The Reporting Persons engaged in the following transactions in shares of Common Stock of the Company since those reported in the Schedule 13D filed by the Reporting Persons on September 6, 2016. Such transactions involved the sale of shares on the New York Stock Exchange. Certain of the prices reported below reflect the weighted average sale price of the shares of Common Stock sold on the relevant date. The Reporting Persons hereby undertake to provide upon request to the SEC staff full information regarding the number of shares and prices at which each transaction was effected.

 

Date  Type  Price   Shares 
9/6/2016  Sale  $10.93951   32216 
9/7/2016  Sale  $10.88432   34998 
9/8/2016  Sale  $10.78203   16759 
9/9/2016  Sale  $10.22794   33570 
9/12/2016  Sale  $10.11455   29566 
9/13/2016  Sale  $10.01006   300 
9/14/2016  Sale  $10.0000    1000 
9/22/2016  Sale  $9.51917   13809 
9/22/2016  Sale  $9.52748   7000 
9/23/2016  Sale  $9.5700   100000 
9/23/2016  Sale  $9.51849   14700 
9/23/2016  Sale  $9.532410   32696 

 

 

1 This transaction was executed in multiple trades at prices ranging from $10.85 – 11.02.

2 This transaction was executed in multiple trades at prices ranging from $10.73 – 10.955.

3 This transaction was executed in multiple trades at prices ranging from $10.70 – 10.92.

4 This transaction was executed in multiple trades at prices ranging from $10.06 – 10.61.

5 This transaction was executed in multiple trades at prices ranging from $10.00 – 10.22.

6 This transaction was executed in multiple trades at prices ranging from $10.00 – 10.02.

7 This transaction was executed in multiple trades at prices ranging from $9.50 – 9.61.

8 This transaction was executed in multiple trades at prices ranging from $9.50 – 9.59.

9 This transaction was executed in multiple trades at prices ranging from $9.50 – 9.70.

10 This transaction was executed in multiple trades at prices ranging from $9.50 – 9.70.

 

  
 EX-2 3 t1600604_ex2.htm EXHIBIT 2

 

 

EXHIBIT 2

 

JOINT FILING AGREEMENT

 

The undersigned hereby agree to the joint filing of the Amendment No. 5 to Schedule 13D to which this Agreement is attached.

 

Dated:  September 26, 2016

 

  DISCOVERY GROUP I, LLC,
  for itself and as general partner of
  DISCOVERY EQUITY PARTNERS, L.P.
     
  By Michael R. Murphy*
    Michael R. Murphy
    Managing Member
     
     
  Daniel J. Donoghue*
  Daniel J. Donoghue
   
  Michael R. Murphy*
  Michael R. Murphy
     
  *By: /s/ Mark Buckley
    Mark Buckley
    Attorney-in-Fact for Daniel J. Donoghue
    Attorney-in-Fact for Michael R. Murphy

  

  

 

 EX-3 4 t1600604_ex3.htm EXHIBIT 3

 

 

EXHIBIT 3

 

POWER OF ATTORNEY

 

The undersigned, Daniel J. Donoghue, hereby appoints Mark Buckley his true and lawful attorney-in-fact and agent, with full power to execute and file with the United States Securities and Exchange Commission and any stock exchange or similar authority, for and on his behalf in any and all capacities, any and all reports required to be filed pursuant to Section 13 of the Securities Exchange Act of 1934 and the rules thereunder on Schedule 13D or 13G, any and all amendments to such reports, with all exhibits, and any other forms or documents as may be necessary in connection with the filing of such reports with the United States Securities and Exchange Commission and any stock exchange or similar authority, granting unto said attorney full power and authority to do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete, as fully as the undersigned might or could do in person.

 

This Power of Attorney shall remain in full force and effect until revoked by the undersigned in a signed writing delivered to the foregoing attorney-in-fact and agent.

 

IN WITNESS WHEREOF the undersigned has caused this Power of Attorney to be executed this 28th day of April, 2008.

 

  /s/ Daniel J. Donoghue
  Daniel J. Donoghue

 

STATE OF ILLINOIS )  
  ) SS.  
COUNTY OF COOK )  

 

I, Kareema M. Cruz, a Notary Public in and for the County of Cook, State of Illinois, DO HEREBY CERTIFY that Daniel J. Donoghue, who is personally known to me to be the same person whose name is subscribed to the foregoing instrument, appeared before me this day in person and acknowledged that he signed and delivered the said instrument as his own free and voluntary act, for the uses and purposes therein set forth.

 

Given under my hand and notarial seal, this 28th day of April, 2008.

 

  /s/ Kareema M. Cruz
  Notary Public

 

  
 EX-4 5 t1600604_ex4.htm EXHIBIT 4

 

 

EXHIBIT 4

 

POWER OF ATTORNEY

 

The undersigned, Michael R. Murphy, hereby appoints Mark Buckley his true and lawful attorney-in-fact and agent, with full power to execute and file with the United States Securities and Exchange Commission and any stock exchange or similar authority, for and on his behalf in any and all capacities, any and all reports required to be filed pursuant to Section 13 of the Securities Exchange Act of 1934 and the rules thereunder on Schedule 13D or 13G, any and all amendments to such reports, with all exhibits, and any other forms or documents as may be necessary in connection with the filing of such reports with the United States Securities and Exchange Commission and any stock exchange or similar authority, granting unto said attorney full power and authority to do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete, as fully as the undersigned might or could do in person.

 

This Power of Attorney shall remain in full force and effect until revoked by the undersigned in a signed writing delivered to the foregoing attorney-in-fact and agent.

 

IN WITNESS WHEREOF the undersigned has caused this Power of Attorney to be executed this 28th day of April, 2008.

 

  /s/ Michael R. Murphy
  Michael R. Murphy

 

STATE OF ILLINOIS )  
  ) SS.  
COUNTY OF COOK )  

 

I, Kareema M. Cruz, a Notary Public in and for the County of Cook, State of Illinois, DO HEREBY CERTIFY that Michael R. Murphy, who is personally known to me to be the same person whose name is subscribed to the foregoing instrument, appeared before me this day in person and acknowledged that he signed and delivered the said instrument as his own free and voluntary act, for the uses and purposes therein set forth.

 

Given under my hand and notarial seal, this 28th day of April, 2008.

 

  /s/ Kareema M. Cruz
  Notary Public