Vector Capital Discloses Stake in LivePerson

TL;DR

**Vector Capital just filed a 13D on LivePerson (LPSN) - watch this space.**

AI Summary

On March 6, 2024, Alexander R. Slusky and Vector Capital Management, L.P. filed an SC 13D, indicating a change in their beneficial ownership of LivePerson, Inc. (LPSN). The filing details their holdings and intentions regarding the company's securities.

Why It Matters

This filing signals potential activist investor interest in LivePerson, Inc., which could lead to changes in company strategy or management.

Risk Assessment

Risk Level: medium — SC 13D filings often precede significant corporate actions or changes in strategy, introducing uncertainty.

Key Players & Entities

• Alexander R. Slusky (person) — Filer and beneficial owner
• Vector Capital Management, L.P. (company) — Filer and beneficial owner
• LivePerson, Inc. (company) — Subject company
• Paul Hastings LLP (company) — Legal counsel

FAQ

Key Financial Figures

• $0.001 — me of Issuer) Common Stock, par value $0.001 par value per share (Title of Class o
• $32,459,957 — ions for an aggregate purchase price of $32,459,957. The source of funds for these purchase

Filing Documents

• d682843dsc13d.htm (SC 13D) — 95KB
• d682843dex991.htm (EX-99.1) — 4KB
• 0001193125-24-060888.txt ( ) — 101KB

From the Filing

SC 13D 1 d682843dsc13d.htm SC 13D SC 13D UNITED STATES SECURITIES & EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. )* LivePerson, Inc. (Name of Issuer) Common Stock, par value $0.001 par value per share (Title of Class of Securities) 538146101 (CUSIP Number) Alexander R. Slusky Vector Capital Management, L.P. One Market Street Steuart Tower, 23 rd Floor San Francisco, CA 94105 (415) 293-5000 Copy to: Paul Hastings LLP 101 California Street, Forty-Eighth Floor San Francisco, CA 94111 (415) 856-7000 Attention: Steve Camahort and Dana Kromm (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) February 28, 2024 (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 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 13d-7(b) for other parties to whom copies are to be sent. * The remainder of this cover page shall be filled out for a reporting persons 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 on the remainder of this cover page shall not be deemed to be filed for 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.: 538146101 1. NAME OF REPORTING PERSON Vector Capital VI, 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 Cayman Islands NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7. SOLE VOTING POWER 0 8. SHARED VOTING POWER 10,899,456 9. SOLE DISPOSITIVE POWER 0 10. SHARED DISPOSITIVE POWER 10,899,456 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,899,456 12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 12.37% 14. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN CUSIP No.: 538146101 1. NAME OF REPORTING PERSON Vector Capital Management, 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) 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 NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7. SOLE VOTING POWER 0 8. SHARED VOTING POWER 10,899,456 9. SOLE DISPOSITIVE POWER 0 10. SHARED DISPOSITIVE POWER 10,899,456 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,899,456 12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 12.37% 14. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO, IA - 3 - CUSIP No.: 538146101 1. NAME OF REPORTING PERSON Vector Capital, L.L.C. 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 NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7. SOLE VOTING POWER 0 8. SHARED VOTING POWER 10,899,456 9. SOLE DISPOSITIVE POWER 0 10. SHARED DISPOSITIVE POWER 10,899,456 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,899,456 12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 12.37% 14. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO, HC - 4 - CUSIP No.: 538146101 1. NAME OF REPORTING PERSON Alexander R. Slusky 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 NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7. SOLE VOTING POWER

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View this SC 13D filing on SEC EDGAR