Schedule 13G Amendment No. 1

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

(Rule 13d-102)

 

 

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. 1)

 

 

 

PlanetOut Inc.

(Name of Issuer)

 

Common Stock

(Title of Class of Securities)

 

 

727058 10 9

                                (CUSIP Number)                                

 

December 31, 2005

(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)

 

1   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. 727058 10 9    13G    Page 2 of 18 pages

 

  1.  

Name of Reporting Person

I.R.S. Identification No. of Above Persons (Entities Only)

 

            Mayfield X, L.P., a Delaware Limited Partnership

    
  2.  

Check the Appropriate Box if a Member of a Group

(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

 

                -0-

  6.    Shared Voting Power

 

                914,847

  7.    Sole Dispositive Power

 

                -0-

  8.    Shared Dispositive Power

 

                914,847

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            914,847

    
10.  

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  

¨

 

11.  

Percent of Class Represented by Amount in Row (9)

 

            5.3%

    
12.  

Type of Reporting Person

 

            PN

    

 

 

CUSIP No. 727058 10 9    13G    Page 3 of 18 pages

 

  1.  

Name of Reporting Person

I.R.S. Identification No. of Above Persons (Entities Only)

 

            Mayfield X Management, L.L.C., a Delaware Limited Liability Company

   
  2.  

Check the Appropriate Box if a Member of a Group

(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

 

                -0-

  6.    Shared Voting Power

 

                1,129,330 (includes options to purchase 16,362 shares exercisable within 60 days

                of the date hereof.)

  7.    Sole Dispositive Power

 

                -0-

  8.    Shared Dispositive Power

 

                1,129,330 (includes options to purchase 16,362 shares exercisable within 60 days

                of the date hereof.)

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

             1,129,330 (includes options to purchase 16,362 shares exercisable within 60 days of the

            date hereof.)

    
10.  

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  

¨

 

11.  

Percent of Class Represented by Amount in Row (9)

 

            6.6%

    
12.  

Type of Reporting Person

 

            OO

    

 

 

CUSIP No. 727058 10 9    13G    Page 4 of 18 pages

 

  1.  

Name of Reporting Person

I.R.S. Identification No. of Above Persons (Entities Only)

 

            Mayfield X Annex, L.P., a Delaware Limited Partnership

    
  2.  

Check the Appropriate Box if a Member of a Group

(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

 

                -0-

  6.    Shared Voting Power

 

                53,439

  7.    Sole Dispositive Power

 

                -0-

  8.    Shared Dispositive Power

 

                53,439

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            53,439

    
10.  

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  

¨

 

11.  

Percent of Class Represented by Amount in Row (9)

 

            0.3%

    
12.  

Type of Reporting Person

 

            PN

    

 

 

CUSIP No. 727058 10 9    13G    Page 5 of 18 pages

 

  1.  

Name of Reporting Person

I.R.S. Identification No. of Above Persons (Entities Only)

 

            Mayfield Associates Fund V, L.P., a Delaware Limited Partnership

    
  2.  

Check the Appropriate Box if a Member of a Group

(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

 

                -0-

  6.    Shared Voting Power

 

                35,230

  7.    Sole Dispositive Power

 

                -0-

  8.    Shared Dispositive Power

 

                35,230

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            35,230

    
10.  

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  

¨

 

11.  

Percent of Class Represented by Amount in Row (9)

 

            0.2%

    
12.  

Type of Reporting Person

 

            PN

    

 

 

CUSIP No. 727058 10 9    13G    Page 6 of 18 pages

 

  1.  

Name of Reporting Person

I.R.S. Identification No. of Above Persons (Entities Only)

 

            Mayfield Principals Fund, L.L.C., a Delaware Limited Liability Company

    
  2.  

Check the Appropriate Box if a Member of a Group

(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

 

                -0-

  6.    Shared Voting Power

 

                109,452

  7.    Sole Dispositive Power

 

                -0-

  8.    Shared Dispositive Power

 

                109,452

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            109,452

    
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%

    
12.  

Type of Reporting Person

 

            OO

    

 

 

CUSIP No. 727058 10 9    13G    Page 7 of 18 pages

 

  1.  

Name of Reporting Person

I.R.S. Identification No. of Above Persons (Entities Only)

 

            Yogen K. Dalal

    
  2.  

Check the Appropriate Box if a Member of a Group

(a)  ¨

(b)  x

    
  3.  

SEC Use Only

 

    
  4.  

Citizenship or Place of Organization

 

            U.S.

    

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

With

  

  5.    Sole Voting Power

 

                -0-

  6.    Shared Voting Power

 

                1,129,330 (includes options to purchase 16,362 shares exercisable at the direction of

                Mayfield X Management, L.L.C. within 60 days of the date hereof.)

  7.    Sole Dispositive Power

 

                -0-

  8.    Shared Dispositive Power

 

                1,129,330 (includes options to purchase 16,362 shares exercisable at the direction of

                Mayfield X Management, L.L.C. within 60 days of the date hereof.)

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            1,129,330 (includes options to purchase 16,362 shares exercisable at the direction of

            Mayfield X Management, L.L.C. within 60 days of the date hereof.)

    
10.  

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  

¨

 

11.  

Percent of Class Represented by Amount in Row (9)

 

            6.6%

    
12.  

Type of Reporting Person

 

            IN

    

 

 

CUSIP No. 727058 10 9    13G    Page 8 of 18 pages

 

  1.  

Name of Reporting Person

I.R.S. Identification No. of Above Persons (Entities Only)

 

            Kevin A. Fong

   
  2.  

Check the Appropriate Box if a Member of a Group

(a)  ¨

(b)  x

    
  3.  

SEC Use Only

 

    
  4.  

Citizenship or Place of Organization

 

            U.S.

    

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

With

  

  5.    Sole Voting Power

 

                -0-

  6.    Shared Voting Power

 

                1,129,330 (includes options to purchase 16,362 shares exercisable at the direction of

                Mayfield X Management, L.L.C. within 60 days of the date hereof.)

  7.    Sole Dispositive Power

 

                -0-

  8.    Shared Dispositive Power

 

                1,129,330 (includes options to purchase 16,362 shares exercisable at the direction of

                Mayfield X Management, L.L.C. within 60 days of the date hereof.)

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            1,129,330 (includes options to purchase 16,362 shares exercisable at the direction of

            Mayfield X Management, L.L.C. within 60 days of the date hereof.)

    
10.  

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  

¨

 

11.  

Percent of Class Represented by Amount in Row (9)

 

            6.6%

    
12.  

Type of Reporting Person

 

            IN

    

 

 

CUSIP No. 727058 10 9    13G    Page 9 of 18 pages

 

  1.  

Name of Reporting Person

I.R.S. Identification No. of Above Persons (Entities Only)

 

            William D. Unger

   
  2.  

Check the Appropriate Box if a Member of a Group

(a)  ¨

(b)  x

    
  3.  

SEC Use Only

 

    
  4.  

Citizenship or Place of Organization

 

            U.S.

    

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

With

  

  5.    Sole Voting Power

 

                -0-

  6.    Shared Voting Power

 

                1,129,330 (includes options to purchase 16,362 shares exercisable at the direction of

                Mayfield X Management, L.L.C. within 60 days of the date hereof.)

  7.    Sole Dispositive Power

 

                -0-

  8.    Shared Dispositive Power

 

                1,129,330 (includes options to purchase 16,362 shares exercisable at the direction of

                Mayfield X Management, L.L.C. within 60 days of the date hereof.)

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            1,129,330 (includes options to purchase 16,362 shares exercisable at the direction of

            Mayfield X Management, L.L.C. within 60 days of the date hereof.)

    
10.  

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  

¨

 

11.  

Percent of Class Represented by Amount in Row (9)

 

            6.6%

    
12.  

Type of Reporting Person

 

            IN

    

 

 

CUSIP No. 727058 10 9    13G    Page 10 of 18 pages

 

  1.  

Name of Reporting Person

I.R.S. Identification No. of Above Persons (Entities Only)

 

            Wendell G. Van Auken, III

   
  2.  

Check the Appropriate Box if a Member of a Group

(a)  ¨

(b)  x

    
  3.  

SEC Use Only

 

    
  4.  

Citizenship or Place of Organization

 

            U.S.

    

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

With

  

  5.    Sole Voting Power

 

                -0-

  6.    Shared Voting Power

 

                1,129,330 (includes options to purchase 16,362 shares exercisable at the direction of

                Mayfield X Management, L.L.C. within 60 days of the date hereof.)

  7.    Sole Dispositive Power

 

                -0-

  8.    Shared Dispositive Power

 

                1,129,330 (includes options to purchase 16,362 shares exercisable at the direction of

                Mayfield X Management, L.L.C. within 60 days of the date hereof.)

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            1,129,330 (includes options to purchase 16,362 shares exercisable at the direction of

            Mayfield X Management, L.L.C. within 60 days of the date hereof.)

    
10.  

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  

¨

 

11.  

Percent of Class Represented by Amount in Row (9)

 

            6.6%

    
12.  

Type of Reporting Person

 

            IN

    

 

 

CUSIP No. 727058 10 9    13G    Page 11 of 18 pages

 

  1.  

Name of Reporting Person

I.R.S. Identification No. of Above Persons (Entities Only)

 

            A. Grant Heidrich, III

   
  2.  

Check the Appropriate Box if a Member of a Group

(a)  ¨

(b)  x

    
  3.  

SEC Use Only

 

    
  4.  

Citizenship or Place of Organization

 

            U.S.

    

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

With

  

  5.    Sole Voting Power

 

                -0-

  6.    Shared Voting Power

 

                1,129,330 (includes options to purchase 16,362 shares exercisable at the direction of

                Mayfield X Management, L.L.C. within 60 days of the date hereof.)

  7.    Sole Dispositive Power

 

                -0-

  8.    Shared Dispositive Power

 

                1,129,330 (includes options to purchase 16,362 shares exercisable at the direction of

                Mayfield X Management, L.L.C. within 60 days of the date hereof.)

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            1,129,330 (includes options to purchase 16,362 shares exercisable at the direction of

            Mayfield X Management, L.L.C. within 60 days of the date hereof.)

    
10.  

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  

¨

 

11.  

Percent of Class Represented by Amount in Row (9)

 

            6.6%

    
12.  

Type of Reporting Person

 

            IN

    

 

 

CUSIP No. 727058 10 9    13G    Page 12 of 18 pages

 

  1.  

Name of Reporting Person

I.R.S. Identification No. of Above Persons (Entities Only)

 

            Allen L. Morgan

   
  2.  

Check the Appropriate Box if a Member of a Group

(a)  ¨

(b)  x

    
  3.  

SEC Use Only

 

    
  4.  

Citizenship or Place of Organization

 

            U.S.

    

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

With

  

  5.    Sole Voting Power

 

                15,773 (represents options to purchase shares exercisable within 60 days of the date

                hereof.)

  6.    Shared Voting Power

 

                1,129,330 (includes options to purchase 16,362 shares exercisable at the direction of

                Mayfield X Management, L.L.C. within 60 days of the date hereof.)

  7.    Sole Dispositive Power

 

                15,773 (represents options to purchase shares exercisable within 60 days of the date

                hereof.)

  8.    Shared Dispositive Power

 

                1,129,330 (includes options to purchase 16,362 shares exercisable at the direction of

                Mayfield X Management, L.L.C. within 60 days of the date hereof.)

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            1,145,103 (includes options to purchase 32,135 shares exercisable within 60 days of the

            date hereof.)

    
10.  

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares

 

            Excludes options to purchase 454 shares which will vest in equal installments on

            April 17, 2006 and May 17, 2006.

  

x

 

11.  

Percent of Class Represented by Amount in Row (9)

 

            6.6%

    
12.  

Type of Reporting Person

 

            IN

    

 

 

Item 1.

  

(a)

    Name of Issuer:          
         PlanetOut Inc.          
   

(b)

    Address of Issuer’s Principal Executive Offices:          
        

1355 Sansome Street

San Francisco, CA 94111

          

Item 2.

  

(a)

    Name of Persons Filing:          
        

Mayfield X, L.P.

Mayfield X Management, L.L.C.

Mayfield X Annex, L.P.

Mayfield Associates Fund V, L.P.

Mayfield Principals Fund, L.L.C.

Yogen K. Dalal

Kevin A. Fong

William D. Unger

Wendell G. Van Auken, III

A. Grant Heidrich, III

Allen L. Morgan

          
   

(b)

    Address of Principal Business Office:          
        

c/o Mayfield Fund

2800 Sand Hill Road, Suite 250

Menlo Park, CA 94025

          
   

(c)

    Citizenship:          
        

Mayfield X, L.P., Mayfield X Annex, L.P. and Mayfield Associates Fund V, L.P. are Delaware limited partnerships.

Mayfield X Management, L.L.C. and Mayfield Principals Fund, L.L.C. are Delaware limited liability companies.

The individuals listed in Item 2(a) are U.S. citizens.

          
   

(d)

    Title of Class of Securities:          
         Common Stock          
   

(e)

    CUSIP Number:          
         727058 10 9          

Item 3.

   If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:     
    Not applicable     

Item 4.

    Ownership.          
     The information regarding ownership as set forth in Items 5-9 of Pages 2-12 hereto, is hereby incorporated by reference.          
     For a summary of total ownership by all Reporting Persons, see Exhibit 3 hereto.          

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.  ¨     

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 or Control Person.
     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.          

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 10, 2006

 

MAYFIELD X, L.P.

A Delaware Limited Partnership

By:

  

Mayfield X Management, L.L.C.

   

Its General Partner

By:

  

/s/ James T. Beck

   

James T. Beck, Authorized Signatory

MAYFIELD X MANAGEMENT, L.L.C.,

A Delaware Limited Liability Company

By:

  

/s/ James T. Beck

   

James T. Beck, Authorized Signatory

MAYFIELD X ANNEX, L.P.

A Delaware Limited Partnership

By:

  

Mayfield X Annex Management, L.L.C.

   

Its General Partner

By:

  

/s/ James T. Beck

   

James T. Beck, Authorized Signatory

MAYFIELD ASSOCIATES FUND V, L.P.

A Delaware Limited Partnership

By:

  

Mayfield X Management, L.L.C.

   

Its General Partner

By:

  

/s/ James T. Beck

   

James T. Beck, Authorized Signatory

MAYFIELD PRINCIPALS FUND, L.L.C.

A Delaware Limited Liability Company

By:

  

Mayfield X Management, L.L.C.

   

Its Managing Director

By:

  

/s/ James T. Beck

   

James T. Beck, Authorized Signatory

YOGEN K. DALAL

By:

  

/s/ James T. Beck

   

James T. Beck, Attorney In Fact

KEVIN A. FONG

By:

  

/s/ James T. Beck

   

James T. Beck, Attorney In Fact

WILLIAM D. UNGER

By:

  

/s/ James T. Beck

   

James T. Beck, Attorney In Fact

WENDELL G. VAN AUKEN, III

By:

  

/s/ James T. Beck

   

James T. Beck, Attorney In Fact

A. GRANT HEIDRICH, III

By:

  

/s/ James T. Beck

   

James T. Beck, Attorney In Fact

ALLEN L. MORGAN

By:

  

/s/ James T. Beck

   

James T. Beck, Attorney In Fact

EXHIBIT INDEX

 

Exhibit 1 -    “JOINT FILING AGREEMENT” is hereby incorporated by reference to Exhibit 1 to the Statement on Schedule 13G dated February 14, 2005.
Exhibit 2 -    “POWERS OF ATTORNEY” are hereby incorporated by reference to Exhibit 2 to the Statement on Schedule 13G dated February 14, 2005.
Exhibit 3 -    OWNERSHIP SUMMARY