SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

 

SCHEDULE 13D

(Rule 13d-101)

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 7)*

 

 

Appian Corporation

(Name of Issuer)

Class A Common Stock, $0.001 par value per share

(Title of Class of Securities)

03782L101

(CUSIP Number)

Abdiel Capital

410 Park Avenue, Suite 930

New York, NY 10022

Attn: Colin T. Moran

Tel: (646) 496-9202

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

October 25, 2017

(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 which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 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 Rule 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).

 

 

 

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CUSIP No. 03782L101		Page 2 of 9 Pages

 

1.		NAME OF REPORTING PERSONS   Abdiel Qualified Master Fund, LP   I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) (VOLUNTARY)
2.		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)  ☐        (b)  ☐
3.		SEC USE ONLY
4.		SOURCE OF FUNDS   WC
5.		CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)   ☐
6.		CITIZENSHIP OR PLACE OF ORGANIZATION   Cayman Islands
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH				7.		SOLE VOTING POWER   0
				8.		SHARED VOTING POWER   3,707,352
				9.		SOLE DISPOSITIVE POWER   0
				10.		SHARED DISPOSITIVE POWER   3,707,352
11.		AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   3,707,352
12.		CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES   ☐
13.		PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)   51.5%(1)(2)
14.		TYPE OF REPORTING PERSON   PN

 

(1)	Based on 7,198,341 shares of Class A common stock outstanding as of July 31, 2017, as reported in Appian Corporation’s (the “Issuer”) Quarterly Report on Form 10-Q for the period ended June 30, 2017, filed with the SEC on August 3, 2017.

(2)	Represents approximately 0.7% of the total voting power of all outstanding shares of Class A and Class B common stock.

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CUSIP No. 03782L101		Page 3 of 9 Pages

 

1.		NAME OF REPORTING PERSONS   Abdiel Capital, LP   I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) (VOLUNTARY)
2.		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)  ☐        (b)  ☐
3.		SEC USE ONLY
4.		SOURCE OF FUNDS   WC
5.		CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 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   0
				8.		SHARED VOTING POWER   136,418
				9.		SOLE DISPOSITIVE POWER   0
				10.		SHARED DISPOSITIVE POWER   136,418
11.		AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   136,418
12.		CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES   ☐
13.		PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)   1.9%(1)(2)
14.		TYPE OF REPORTING PERSON   PN

 

(1)	Based on 7,198,341 shares of Class A common stock outstanding as of July 31, 2017, as reported in the Issuer’s Quarterly Report on Form 10-Q for the period ended June 30, 2017, filed with the SEC on August 3, 2017.

(2)	Represents approximately 0.03% of the total voting power of all outstanding shares of Class A and Class B common stock.

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CUSIP No. 03782L101		Page 4 of 9 Pages

 

1.		NAME OF REPORTING PERSONS   Abdiel Capital Management, LLC   I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) (VOLUNTARY)
2.		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)  ☐        (b)  ☐
3.		SEC USE ONLY
4.		SOURCE OF FUNDS   AF
5.		CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 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   0
				8.		SHARED VOTING POWER   3,843,770(1)
				9.		SOLE DISPOSITIVE POWER   0
				10.		SHARED DISPOSITIVE POWER   3,843,770(1)
11.		AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   3,843,770(1)
12.		CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES   ☐
13.		PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)   53.4%(2)(3)
14.		TYPE OF REPORTING PERSON   OO

 

(1)	Consists of 3,707,352 shares of Class A common stock held by Abdiel Qualified Master Fund, LP and 136,418 shares of Class A common stock held by Abdiel Capital, LP.

(2)	Based on 7,198,341 shares of Class A common stock outstanding as of July 31, 2017, as reported in the Issuer’s Quarterly Report on Form 10-Q for the period ended June 30, 2017, filed with the SEC on August 3, 2017.

(3)	Represents approximately 0.7% of the total voting power of all outstanding shares of Class A and Class B common stock.

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CUSIP No. 03782L101		Page 5 of 9 Pages

 

1.		NAME OF REPORTING PERSONS   Abdiel Capital Advisors, LP   I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) (VOLUNTARY)
2.		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)  ☐        (b)  ☐
3.		SEC USE ONLY
4.		SOURCE OF FUNDS   AF
5.		CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 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   0
				8.		SHARED VOTING POWER   3,843,770(1)
				9.		SOLE DISPOSITIVE POWER   0
				10.		SHARED DISPOSITIVE POWER   3,843,770(1)
11.		AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   3,843,770(1)
12.		CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES   ☐
13.		PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)   53.4%(2)(3)
14.		TYPE OF REPORTING PERSON   PN, IA

 

(1)	Consists of 3,707,352 shares of Class A common stock held by Abdiel Qualified Master Fund, LP and 136,418 shares of Class A common stock held by Abdiel Capital, LP.

(2)	Based on 7,198,341 shares of Class A common stock outstanding as of July 31, 2017, as reported in the Issuer’s Quarterly Report on Form 10-Q for the period ended June 30, 2017, filed with the SEC on August 3, 2017.

(3)	Represents approximately 0.7% of the total voting power of all outstanding shares of Class A and Class B common stock.

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CUSIP No. 03782L101		Page 6 of 9 Pages

 

1.		NAME OF REPORTING PERSONS   Colin T. Moran   I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) (VOLUNTARY)
2.		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)  ☐        (b)  ☐
3.		SEC USE ONLY
4.		SOURCE OF FUNDS   AF
5.		CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)   ☐
6.		CITIZENSHIP OR PLACE OF ORGANIZATION   United States
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH				7.		SOLE VOTING POWER   0
				8.		SHARED VOTING POWER   3,843,770(1)
				9.		SOLE DISPOSITIVE POWER   0
				10.		SHARED DISPOSITIVE POWER   3,843,770(1)
11.		AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   3,843,770(1)
12.		CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES   ☐
13.		PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)   53.4%(2)(3)
14.		TYPE OF REPORTING PERSON   IN

 

(1)	Consists of 3,707,352 shares of Class A common stock held by Abdiel Qualified Master Fund, LP and 136,418 shares of Class A common stock held by Abdiel Capital, LP.

(2)	Based on 7,198,341 shares of Class A common stock outstanding as of July 31, 2017, as reported in the Issuer’s Quarterly Report on Form 10-Q for the period ended June 30, 2017, filed with the SEC on August 3, 2017.

(3)	Represents approximately 0.7% of the total voting power of all outstanding shares of Class A and Class B common stock.

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CUSIP No. 03782L101		Page 7 of 9 Pages

 

AMENDMENT NO. 7 TO SCHEDULE 13D

This Amendment No. 7 (“Amendment No. 7”) amends and supplements the Schedule 13D filed on June 12, 2017 (the “Original Schedule 13D”) as amended by Amendment No. 1 thereto on June 27, 2017 (“Amendment No. 1”), Amendment No. 2 thereto on June 29, 2017 (“Amendment No. 2”), Amendment No. 3 thereto on July 3, 2017 (“Amendment No. 3”), Amendment No. 4 thereto on July 7, 2017, Amendment No. 5 thereto on July 12, 2017 (“Amendment No. 5”) and Amendment No. 6 thereto on July 31, 2017 (“Amendment No. 6” and, together with the Original Schedule 13D, Amendment No. 1, Amendment No. 2, Amendment No. 3, Amendment No. 4 and Amendment No. 5, the “Schedule 13D”), relating to the shares of Class A common stock, $0.001 par value per share (the “Common Stock”), of Appian Corporation (the “Issuer”). Each Item below amends and supplements the information disclosed under the corresponding Item of the Schedule 13D. Except as specifically provided herein, this Amendment No. 7 does not modify any of the information previously reported in the Schedule 13D. Capitalized terms used but not defined in this Amendment No. 7 shall have the same meanings herein as are ascribed to such terms in the Schedule 13D.

 

Item 3.

Source and Amount of Funds or Other Consideration.

Item 3 of the Schedule 13D is hereby supplemented by adding the following:

In a series of transactions completed through October 25, 2017, the Reporting Persons acquired an aggregate amount of 116,771 shares of the Common Stock for the accounts of Abdiel Qualified Master Fund, LP and Abdiel Capital, LP for aggregate consideration of approximately $2.5 million (including commissions). The source of funds used to acquire the 116,771 shares of Common Stock was the working capital of Abdiel Qualified Master Fund, LP and Abdiel Capital, LP.

 

Item 5.

Interest in Securities of the Issuer.

Item 5 of the Schedule 13D is hereby amended by amending and restating paragraphs (a) and (b) thereof as follows:

(a) The information requested by this paragraph is incorporated herein by reference to the information provided on the cover pages to this Amendment No. 7.

(b) The information requested by this paragraph is incorporated herein by reference to the information provided on the cover pages to this Amendment No. 7 and Item 2(c) of the Schedule 13D.

Item 5(c) of the Schedule 13D is hereby supplemented by adding the following:

(c) Information with respect to all transactions in the Common Stock which were effected during the past sixty days is set forth on Exhibit I attached hereto and incorporated herein by reference.

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CUSIP No. 03782L101		Page 8 of 9 Pages

 

Item 7.

Material to be Filed as Exhibits.

Item 7 of the Schedule 13D is hereby amended by amending and restating it as follows:

Exhibit A – Joint Filing Agreement (filed as Exhibit A to the Schedule 13D on June 12, 2017)

Exhibit B – Information with respect to Transactions Effected During the Past Sixty Days (filed as Exhibit B to the Schedule 13D on June 12, 2017)

Exhibit C – Information with respect to Transactions Effected Since the Filing of the Schedule 13D (filed as Exhibit C to Amendment No. 1 on June 27, 2017)

Exhibit D – Information with respect to Transactions Effected Since the Filing of Amendment No. 1 (filed as Exhibit D to Amendment No. 2 on June 29, 2017)

Exhibit E – Information with respect to Transactions Effected Since the Filing of Amendment No. 2 (filed as Exhibit E to Amendment No. 3 on July 3, 2017)

Exhibit F – Information with respect to Transactions Effected Since the Filing of Amendment No. 3 (filed as Exhibit F to Amendment No. 4 on July 7, 2017)

Exhibit G – Information with respect to Transactions Effected Since the Filing of Amendment No. 4 (filed as Exhibit G to Amendment No. 5 on July 12, 2017)

Exhibit H – Information with respect to Transactions Effected Since the Filing of Amendment No. 5 (filed as Exhibit H to Amendment No. 6 on July 31, 2017)

Exhibit I – Information with respect to Transactions Effected During the Past Sixty Days*

 

*	Filed herewith

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CUSIP No. 03782L101		Page 9 of 9 Pages

 

SIGNATURES

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

Dated: October 26, 2017

 

 

 

 

 

EXHIBIT I

Information with respect to Transactions Effected During the Past Sixty Days

All of the below transactions in the Common Stock were traded in the ordinary course over The NASDAQ Global Market.

Abdiel Capital Advisors, LP serves as the investment manager of Abdiel Qualified Master Fund, LP and effected the below transactions.

 

Transaction Date		Transaction Type		Amount of Securities					Price Per Share
9/25/2017		Purchase				26,454					$22.14	(1)
9/26/2017		Purchase				185					$22.31	(2)
10/23/2017		Purchase				22,718					$22.24	(3)
10/24/2017		Purchase				30					$22.08
10/25/2017		Purchase				40,569					$22.22	(4)
Abdiel Capital Advisors, LP serves as the investment manager of Abdiel Capital, LP and effected the below transactions.
Transaction Date		Transaction Type		Amount of Securities					Price Per Share
9/25/2017		Purchase				2,146					$22.14	(1)
9/26/2017		Purchase				15					$22.31	(2)
10/23/2017		Purchase				725					$22.24	(3)
10/24/2017		Purchase				4					$22.08
10/25/2017		Purchase				1,487					$22.22	(4)

 

(1)

The price reported for the Common Stock is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $22.02 to $22.20. The Reporting Person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

(2)

The price reported for the Common Stock is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $22.27 to $22.35. The Reporting Person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

(3)

The price reported for the Common Stock is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $22.10 to $22.25. The Reporting Person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

(4)

The price reported for the Common Stock is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $22.13 to $22.25. The Reporting Person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.