CUSIP NO. 403307101 13G Page 1 of 25 Pages
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )
GuruNet Corporation
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(Name of Issuer)
Common Stock, $0.001 Par Value
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(Title of Class of Securities)
403307101
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(CUSIP Number)
December 31, 2004
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(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)
*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. 403307101 13G Page 2 of 25 Pages
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Highland Capital Partners V Limited Partnership
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(A) |_|
(B) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF ------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 265,798 shares
EACH ------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 0 shares
------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
265,798 shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
265,798 shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW
(9) EXCLUDES CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.8%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
CUSIP NO. 403307101 13G Page 3 of 25 Pages
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Highland Capital Partners V-B Limited Partnership
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(A) |_|
(B) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF ------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 68,521 shares
EACH ------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 0 shares
------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
68,521 shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
68,521 shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW
(9) EXCLUDES CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.5%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
CUSIP NO. 403307101 13G Page 4 of 25 Pages
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Highland Entrepreneurs' Fund V Limited Partnership
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(A) |_|
(B) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF ------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 42,167 shares
EACH ------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 0 shares
------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
42,167 shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
42,167 shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW
(9) EXCLUDES CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.9%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
CUSIP NO. 403307101 13G Page 5 of 25 Pages
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
HEF V Limited Partnership
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(A) |_|
(B) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF ------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 42,167 shares
EACH ------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 0 shares
------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
42,167 shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
42,167 shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW
(9) EXCLUDES CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.9%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
CUSIP NO. 403307101 13G Page 6 of 25 Pages
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Highland Management Partners V Limited Partnership
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(A) |_|
(B) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF ------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 334,319 shares
EACH ------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 0 shares
------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
334,319 shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
334,319 shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW
(9) EXCLUDES CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.3%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
CUSIP NO. 403307101 13G Page 7 of 25 Pages
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Highland Management Partners V, Inc.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(A) |_|
(B) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF ------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 376,486 shares
EACH ------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 0 shares
------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
376,486 shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
376,486 shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW
(9) EXCLUDES CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.2%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
CUSIP NO. 403307101 13G Page 8 of 25 Pages
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Robert F. Higgins
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(A) |_|
(B) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF ------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 376,486 shares
EACH ------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 0 shares
------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
376,486 shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
376,486 shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW
(9) EXCLUDES CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.2%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
CUSIP NO. 403307101 13G Page 9 of 25 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Paul A. Maeder
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(A) |_|
(B) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF ------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 376,486 shares
EACH ------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 0 shares
------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
376,486 shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
376,486 shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW
(9) EXCLUDES CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.2%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
CUSIP NO. 403307101 13G Page 10 of 25 Pages
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Daniel J. Nova
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(A) |_|
(B) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF ------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 376,486 shares
EACH ------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 0 shares
------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
376,486 shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
376,486 shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW
(9) EXCLUDES CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.2%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
CUSIP NO. 403307101 13G Page 11 of 25 Pages
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Sean M. Dalton
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(A) |_|
(B) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF ------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 376,486 shares
EACH ------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 0 shares
------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
376,486 shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
376,486 shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW
(9) EXCLUDES CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.2%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
CUSIP NO. 403307101 13G Page 12 of 25 Pages
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Josaphat K. Tango
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(A) |_|
(B) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF ------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 376,486 shares
EACH ------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 0 shares
------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
376,486 shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
376,486 shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW
(9) EXCLUDES CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.2%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
CUSIP NO. 403307101 13G Page 13 of 25 Pages
SCHEDULE 13G
NOTE: This Statement on Schedule 13G is being filed on behalf of: (i) Highland
Capital Partners V Limited Partnership, a Delaware limited partnership
("Highland Capital V"); (ii) Highland Capital Partners V-B Limited Partnership,
a Delaware limited partnership ("Highland Capital V-B"); (iii) Highland
Entrepreneurs' Fund V Limited Partnership, a Delaware limited partnership
("Highland Entrepreneurs' Fund" and together with Highland Capital V and
Highland Capital V-B, the "Highland Investing Entities"); (iv) HEF V Limited
Partnership, a Delaware limited partnership and general partner of Highland
Entrepreneurs' Fund ("HEF V"); (v) Highland Management Partners V Limited
Partnership, a Delaware limited partnership and general partner of Highland
Capital V and Highland Capital V-B ("HMP V"); (vi) Highland Management
Partners V, Inc., a Delaware corporation ("Highland Management") and general
partner of both HEF V and HMP V; (vii) Robert F. Higgins ("Higgins"), a senior
managing director of Highland Management and a limited partner of each of HMP V
and HEF V; (viii) Paul A. Maeder ("Maeder"), a senior managing director of
Highland Management and a limited partner of each of HMP V and HEF V;
(ix) Daniel J. Nova ("Nova"), a senior managing director of Highland Management
and a limited partner of each of HMP V and HEF V; (x) Sean M. Dalton ("Dalton"),
a managing director of Highland Management and a limited partner of each of
HMP V and HEF V; and (xi) Josaphat K. Tango ("Tango" and together with Higgins,
Maeder, Nova and Dalton, the "Managing Directors"), a managing director of
Highland Management and a limited partner of each of HMP V and HEF V. Highland
Management, as the general partner of the general partners of the Highland
Investing Entities, may be deemed to have beneficial ownership of the shares
held by the Highland Investing Entities. Each Managing Director of Highland
Management has shared power over all investment decisions of Highland Management
and therefore may be deemed to share beneficial ownership of the shares held by
Highland Management by virtue of their status as controlling persons of Highland
Management. Each Managing Director of Highland Management disclaims beneficial
ownership of the shares held by the Highland Investing Entities, except to the
extent of each such Managing Director's pecuniary interest therein. Each of
Highland Management, HMP V and HEF V disclaims beneficial ownership of the
shares held by the Highland Investing Entities, except to the extent of each
such entity's pecuniary interest therein
Item 1(a). Name of Issuer: GuruNet Corporation
Item 1(b). Address of Issuer's Principal Executive Offices: Jerusalem
Technology Park Building 98 Jerusalem 91481 Israel
Item 2(A) Item 2(B) Item 2(C)
----------- ----------- -----------
Citizenship or
Name of Person Filing Address Place of Organization
----------------------- --------- -----------------------
Highland Capital 92 Hayden Avenue Delaware
Partners V Limited Lexington, MA 02421
Partnership
Highland Capital 92 Hayden Avenue Delaware
Partners V-B Limited Lexington, MA 02421
Partnership
CUSIP NO. 403307101 13G Page 14 of 25 Pages
Highland Entrepreneurs' 92 Hayden Avenue Delaware
Fund V Limited Lexington, MA 02421
Partnership
HEF V Limited Partnership 92 Hayden Avenue Delaware
Lexington, MA 02421
Highland Management 92 Hayden Avenue Delaware
Partners V Limited Lexington, MA 02421
Partnership
Highland Management 92 Hayden Avenue Delaware
Partners V, Inc. Lexington, MA 02421
Robert F. Higgins c/o Highland Capital United States
Partners LLC
92 Hayden Avenue
Lexington, MA 02421
Paul A. Maeder c/o Highland Capital United States
Partners LLC
92 Hayden Avenue
Lexington, MA 02421
Daniel J. Nova c/o Highland Capital United States
Partners LLC
92 Hayden Avenue
Lexington, MA 02421
Sean M. Dalton c/o Highland Capital United States
Partners LLC
92 Hayden Avenue
Lexington, MA 02421
Josaphat K. Tango c/o Highland Capital United States
Partners LLC
92 Hayden Avenue
Lexington, MA 02421
Item 2(d). Title of Class of Securities: Common Stock, $0.001 par value.
Item 2(e). CUSIP Number: 403307101
CUSIP NO. 403307101 13G Page 15 of 25 Pages
Item 3. If this statement is file pursuant to rules 13d-1(b), or 13d-2(b) or
(c), Check whether the person filing is a:
Not applicable.
Item 4. Ownership.
(a) Amount Beneficially Owned: As of February 10, 2005 each of the
following is the owner of record of the number of shares of
Common Stock, $0.001 of GuruNet Corporation set forth next to his
or its name:
Highland Capital V: 265,798 Shares
Highland Capital V-B: 68,521 Shares
Highland Entrepreneurs' Fund: 42,167 Shares
HEF V: 0 Shares
HMP V: 0 Shares
Highland Management: 0 Shares
Mr. Higgins: 0 Shares
Mr. Maeder: 0 Shares
Mr. Nova: 0 Shares
Mr. Dalton: 0 Shares
Mr. Tango: 0 Shares
Highland Capital V is the record owner of and beneficially owns
265,798 shares (the "HCV Shares") of Common Stock. Highland Capital V
has the power to vote or direct the disposition of all of the HCV
Shares. Such power is exercised through Highland Management as the
sole general partner of HMP V as the sole general partner of Highland
Capital V.
Highland Capital V-B is the record owner of and beneficially owns
68,521 shares (the "HCV-B Shares" and together with the HCV Shares,
the "HC Shares") of Common Stock. Highland Capital V-B has the power
to vote or direct the disposition of all of the HCV-B Shares. Such
power is exercised through Highland Management as the sole general
partner of HMP V as the sole general partner of Highland Capital V-B.
Highland Entrepreneurs' Fund is the record owner of and beneficially
owns 42,167 shares (the "HEF Shares" and together with the HC Shares,
the "Shares") of Common Stock. Highland Entrepreneurs' Fund has the
power to vote or direct the disposition of all of the HEF Shares. Such
power is exercised through Highland Management as the sole general
partner of HEF V as the sole general partner of Highland
Entrepreneurs' Fund.
HMP V, as the general partner of Highland Capital V and Highland
Capital V-B, may be deemed to own the HC Shares beneficially and HEF
V, as the general partner of Highland Entrepreneurs' Fund, may be
deemed to own the HEF Shares beneficially. Each of HMP V and HEF V
disclaims beneficial ownership of the shares held by the Highland
Investing Entities, except to the extent of each such entity's
pecuniary interest therein.
CUSIP NO. 403307101 13G Page 16 of 25 Pages
Highland Management, as the general partner of HMP V and HEF V, may be
deemed to own the Shares beneficially. The Managing Directors have the
power over all investment decisions of Highland Management and
therefore may be deemed to share beneficial ownership of the Shares by
virtue of their status as controlling persons of Highland Management.
Highland Management and each of the Managing Directors disclaims
beneficial ownership of the Shares, except to the extent of each such
entity's pecuniary interest therein.
(b) Percent of Class:
Highland Capital V: 5.8%
Highland Capital V-B: 1.5%
Highland Entrepreneurs' Fund: 0.9%
HEF V: 0.9%
HMP V: 7.3%
Highland Management: 8.2%
Mr. Higgins: 8.2%
Mr. Maeder: 8.2%
Mr. Nova: 8.2%
Mr. Dalton: 8.2%
Mr. Tango: 8.2%
The foregoing percentages are calculated based on the 4,568,051 shares
of Common Stock reported to be outstanding after the closing of the
offering in the Prospectus of GuruNet Corporation filed pursuant to
Rule 424(b)(3) of the U.S. Securities Act of 1933 on October 13, 2004
(as adjusted pursuant to Rule 13d-3(d)(1)).
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
Highland Capital V: 0 Shares
Highland Capital V-B: 0 Shares
Highland Entrepreneurs' Fund: 0 Shares
HEF V: 0 Shares
HMP V: 0 Shares
Highland Management: 0 Shares
Mr. Higgins: 0 Shares
Mr. Maeder: 0 Shares
Mr. Nova: 0 Shares
Mr. Dalton: 0 Shares
Mr. Tango: 0 Shares
(ii) shared power to vote or to direct the vote:
Highland Capital V: 265,798 Shares
Highland Capital V-B: 68,521 Shares
CUSIP NO. 403307101 13G Page 17 of 25 Pages
Highland Entrepreneurs' Fund: 42,167 Shares
HEF V: 42,167 Shares
HMP V: 334,319 Shares
Highland Management: 376,486 Shares
Mr. Higgins: 376,486 Shares
Mr. Maeder: 376,486 Shares
Mr. Nova: 376,486 Shares
Mr. Dalton: 376,486 Shares
Mr. Tango: 376,486 Shares
(iii) sole power to dispose or to direct the disposition of:
Highland Capital V: 0 Shares
Highland Capital V-B: 0 Shares
Highland Entrepreneurs' Fund: 0 Shares
HEF V: 0 Shares
HMP V: 0 Shares
Highland Management: 0 Shares
Mr. Higgins: 0 Shares
Mr. Maeder: 0 Shares
Mr. Nova: 0 Shares
Mr. Dalton: 0 Shares
Mr. Tango: 0 Shares
(iv) shared power to dispose or to direct the disposition of:
Highland Capital V: 265,798 Shares
Highland Capital V-B: 68,521 Shares
Highland Entrepreneurs' Fund: 42,167 Shares
HEF V: 42,167 Shares
HMP V: 334,319 Shares
Highland Management: 376,486 Shares
Mr. Higgins: 376,486 Shares
Mr. Maeder: 376,486 Shares
Mr. Nova: 376,486 Shares
Mr. Dalton: 376,486 Shares
Mr. Tango: 376,486 Shares
Each of Highland Capital V, Highland Capital V-B, Highland
Entrepreneurs' Fund, HEF V, HMP V, Highland Management and the
Managing Directors expressly disclaims beneficial ownership of any
shares of the Common Stock of GuruNet Corporation, except any shares
except to the extent of his or its pecuniary interest therein and any
shares held directly of record.
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable.
CUSIP NO. 403307101 13G Page 18 of 25 Pages
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.
Not applicable.
Item 8. Identification and Classification of Members of the Group.
Not applicable. Each of Highland Capital V, Highland Capital V-B,
Highland Entrepreneurs' Fund, HEF V, HMP V, Highland Management and
the Managing Directors expressly disclaim membership in a "group" as
used in Rule 13d-1(b)(ii)(J) of the Act.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
Not applicable.
CUSIP NO. 403307101 13G Page 19 of 25 Pages
SIGNATURE
After reasonable inquiry and to the best of his or its knowledge and
belief, each of the undersigned certifies that the information set forth in this
statement is true, complete and correct. We also hereby agree to file this
statement jointly pursuant to the agreement set forth as Exhibit 1.
Dated: February 10, 2005
HIGHLAND CAPITAL PARTNERS V LIMITED PARTNERSHIP
By: Highland Management Partners V Limited
Partnership, its general partner
By: Highland Management Partners V, Inc., its
general partner
By: /s/ Robert F. Higgins
---------------------
Robert F. Higgins
Managing Director
HIGHLAND CAPITAL PARTNERS V-B LIMITED PARTNERSHIP
By: Highland Management Partners V Limited
Partnership, its general partner
By: Highland Management Partners V, Inc., its
general partner
By: /s/ Robert F. Higgins
---------------------
Robert F. Higgins
Managing Director
CUSIP NO. 403307101 13G Page 20 of 25 Pages
HIGHLAND ENTREPRENEURS' FUND V LIMITED PARTNERSHIP
By: HEF V Limited Partnership, its general
partner
By: Highland Management Partners V, Inc., its
general partner
By: /s/ Robert F. Higgins
---------------------
Robert F. Higgins
Managing Director
HEF V LIMITED PARTNERSHIP
By: Highland Management Partners V, Inc., its
general partner
By: /s/ Robert F. Higgins
---------------------
Robert F. Higgins
Managing Director
HIGHLAND MANAGEMENT PARTNERS V LIMITED PARTNERSHIP
By: Highland Management Partners V, Inc., its
general partner
By: /s/ Robert F. Higgins
---------------------
Robert F. Higgins
Managing Director
HIGHLAND MANAGEMENT PARTNERS V, INC.
By: /s/ Robert F. Higgins
---------------------
Robert F. Higgins
Managing Director
CUSIP NO. 403307101 13G Page 21 of 25 Pages
/s/ Robert F. Higgins
---------------------
Robert F. Higgins
/s/ Paul A. Maeder
---------------------
Paul A. Maeder
/s/ Daniel J. Nova
---------------------
Daniel J. Nova
/s/ Sean M. Dalton
---------------------
Sean M. Dalton
/s/ Josaphat K. Tango
---------------------
Josaphat K. Tango
CUSIP NO. 403307101 13G Page 22 of 25 Pages
Index of Exhibits
Exhibit 1 - Agreement
CUSIP NO. 403307101 13G Page 23 of 25 Pages
Exhibit 1
AGREEMENT
Pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, the
undersigned hereby agree that only one statement containing the information
required by Schedule 13G need be filed with respect to the ownership by each of
the undersigned of shares of Common Stock of GuruNet Corporation.
Dated: February 10, 2005
HIGHLAND CAPITAL PARTNERS V LIMITED PARTNERSHIP
By: Highland Management Partners V Limited
Partnership, its general partner
By: Highland Management Partners V, Inc., its
general partner
By: /s/ Robert F. Higgins
---------------------
Robert F. Higgins
Managing Director
HIGHLAND CAPITAL PARTNERS V-B LIMITED PARTNERSHIP
By: Highland Management Partners V Limited
Partnership, its general partner
By: Highland Management Partners V, Inc., its
general partner
By: /s/ Robert F. Higgins
---------------------
Robert F. Higgins
Managing Director
CUSIP NO. 403307101 13G Page 24 of 25 Pages
HIGHLAND ENTREPRENEURS' FUND V LIMITED PARTNERSHIP
By: HEF V Limited Partnership, its general
partner
By: Highland Management Partners V, Inc., its
general partner
By: /s/ Robert F. Higgins
---------------------
Robert F. Higgins
Managing Director
HEF V LIMITED PARTNERSHIP
By: Highland Management Partners V, Inc., its
general partner
By: /s/ Robert F. Higgins
---------------------
Robert F. Higgins
Managing Director
HIGHLAND MANAGEMENT PARTNERS V LIMITED PARTNERSHIP
By: Highland Management Partners V, Inc., its
general partner
By: /s/ Robert F. Higgins
---------------------
Robert F. Higgins
Managing Director
HIGHLAND MANAGEMENT PARTNERS V, INC.
By: /s/ Robert F. Higgins
---------------------
Robert F. Higgins
Managing Director
CUSIP NO. 403307101 13G Page 25 of 25 Pages
/s/ Robert F. Higgins
---------------------
Robert F. Higgins
/s/ Paul A. Maeder
---------------------
Paul A. Maeder
/s/ Daniel J. Nova
---------------------
Daniel J. Nova
/s/ Sean M. Dalton
---------------------
Sean M. Dalton
/s/ Josaphat K. Tango
---------------------
Josaphat K. Tango