SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)
ACCRUE SOFTWARE, INC.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
00437W102
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(CUSIP Number)
December 31, 2001
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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 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).
SCHEDULE 13G
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CUSIP NO. 00437W102 PAGE 2 OF 12 PAGES
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Vertex Technology Fund Ltd ("VTF")
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(See Instructions) (b) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Singapore
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5 SOLE VOTING POWER
NUMBER --
OF ----------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 1,705,000 shares(1)
OWNED ----------------------------------------------------------
BY 7 SOLE DISPOSITIVE POWER
EACH --
REPORTING ----------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 1,705,000(1)
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,705,000 shares
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10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(See Instructions) [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.6*
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12 TYPE OF REPORTING PERSON (See Instructions)
CO
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(1) Vertex Management (II) Pte Ltd ("VM2") and its President, Mr. Lee Kheng
Nam, may be deemed to have the power to vote and dispose of these shares
pursuant to a power of attorney granted by the reporting person to VM2. In
addition, Vertex Venture Holdings Ltd (formerly Vertex Venture Holdings Pte
Ltd) ("VVH"), as the majority shareholder of VTF, and Singapore
Technologies Pte Ltd ("STPL"), as the majority shareholder of VVH, may also
be deemed to have the power to vote and dispose of these shares.
* Based on 30,181,922 shares outstanding as of October 31, 2001, as set forth
in the issuer's Report on Form 10-Q for the quarter ended September 29,
2001 as filed with the Securities and Exchange Commission.
SCHEDULE 13G
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CUSIP NO. 00437W102 PAGE 3 OF 12 PAGES
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Vertex Management (II) Pte Ltd ("VM2")
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(See Instructions) (b) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Singapore
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5 SOLE VOTING POWER
NUMBER --
OF ----------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 1,705,000 shares(2)
OWNED ----------------------------------------------------------
BY 7 SOLE DISPOSITIVE POWER
EACH --
REPORTING ----------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 1,705,000 shares(2)
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,705,000 shares
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10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(See Instructions) [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.6*
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12 TYPE OF REPORTING PERSON (See Instructions)
CO
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(2) All of these shares are owned directly by VTF. VM2 and its President, Mr.
Lee Kheng Nam, may be deemed to have the power to vote and dispose of these
shares pursuant to a power of attorney granted by VTF to VM2. In addition,
Vertex Venture Holdings Ltd (formerly Vertex Venture Holdings Pte Ltd)
("VVH"), as the majority shareholder of VTF, and Singapore Technologies Pte
Ltd ("STPL"), as the majority shareholder of VVH, may also be deemed to
have the power to vote and dispose of the shares held by VTF.
* Based on 30,181,922 shares outstanding as of October 31, 2001, as set forth
in the issuer's Report on Form 10-Q for the quarter ended September 29,
2001 as filed with the Securities and Exchange Commission.
SCHEDULE 13G
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CUSIP NO. 00437W102 PAGE 4 OF 12 PAGES
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Lee Kheng Nam ("Lee")
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(See Instructions) (b) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Singapore
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5 SOLE VOTING POWER
NUMBER --
OF ----------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 1,705,000 shares(3)
OWNED ----------------------------------------------------------
BY 7 SOLE DISPOSITIVE POWER
EACH --
REPORTING ----------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 1,705,000 shares(3)
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,705,000 shares
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10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(See Instructions) [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.6*
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12 TYPE OF REPORTING PERSON (See Instructions)
IN
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(3) All of these shares are owned directly by VTF. VM2 and Mr. Lee, as its
President, may be deemed to have the power to vote and dispose of the
shares held by VTF pursuant to a power of attorney granted by VTF to VM2.
In addition, Vertex Venture Holdings Ltd (formerly Vertex Venture Holdings
Pte Ltd) ("VVH"), as the majority shareholder of VTF and Singapore
Technologies Pte Ltd ("STPL"), as the majority shareholder of VVH, may also
be deemed to have the power to vote and dispose of the shares held by VTF.
* Based on 30,181,922 shares outstanding as of October 31, 2001, as set forth
in the issuer's Report on Form 10-Q for the quarter ended September 29,
2001 as filed with the Securities and Exchange Commission.
SCHEDULE 13G
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CUSIP NO. 00437W102 PAGE 5 OF 12 PAGES
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Vertex Venture Holdings Ltd
(formerly Vertex Venture Holdings Pte Ltd) ("VVH")
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(See Instructions) (b) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Singapore
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5 SOLE VOTING POWER
NUMBER --
OF ----------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 2,005,000 shares(4)
OWNED ----------------------------------------------------------
BY 7 SOLE DISPOSITIVE POWER
EACH --
REPORTING ----------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 2,005,000 shares(4)
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,005,000 shares
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10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(See Instructions) [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.6*
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12 TYPE OF REPORTING PERSON (See Instructions)
CO
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(4) Of these shares, 1,705,000 are owned directly by VTF and 300,000 are owned
directly by Vertex Investment International (I) Inc. ("VII1"). Vertex
Venture Holdings Ltd (formerly Vertex Venture Holdings Pte Ltd) ("VVH"), as
the majority shareholder of VTF and VII1, and Singapore Technologies Pte
Ltd ("STPL"), as the majority shareholder of VVH, may also be deemed to
have the power to vote and dispose of these shares. In addition, Vertex
Management (II) Pte Ltd ("VM2") and its President, Mr. Lee Kheng Nam, may
be deemed to have the power to vote and dispose of the shares held by VTF
pursuant to a power of attorney granted by VTF to VM2.
* Based on 30,181,922 shares outstanding as of October 31, 2001, as set forth
in the issuer's Report on Form 10-Q for the quarter ended September 29,
2001 as filed with the Securities and Exchange Commission.
SCHEDULE 13G
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CUSIP NO. 00437W102 PAGE 6 OF 12 PAGES
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Singapore Technologies Pte Ltd ("STPL")
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(See Instructions) (b) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Singapore
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5 SOLE VOTING POWER
NUMBER --
OF ----------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 2,005,000 shares(5)
OWNED ----------------------------------------------------------
BY 7 SOLE DISPOSITIVE POWER
EACH --
REPORTING ----------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 2,005,000 shares(5)
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,005,000 shares
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10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(See Instructions) [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.6*
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12 TYPE OF REPORTING PERSON (See Instructions)
CO
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(5) Of these shares, 1,705,000 are owned directly by VTF and 300,000 are owned
directly by Vertex Investment International (I) Inc. ("VII1"). Vertex
Venture Holdings Ltd (formerly Vertex Venture Holdings Pte Ltd) ("VVH"), as
the majority shareholder of VTF and VII1, and Singapore Technologies Pte
Ltd ("STPL"), as the majority shareholder of VVH, may also be deemed to
have the power to vote and dispose of these shares. In addition, Vertex
Management (II) Pte Ltd ("VM2") and its President, Mr. Lee Kheng Nam, may
be deemed to have the power to vote and dispose of the shares held by VTF
pursuant to a power of attorney granted by VTF to VM2.
* Based on 30,181,922 shares outstanding as of October 31, 2001, as set forth
in the issuer's Report on Form 10-Q for the quarter ended September 29,
2001 as filed with the Securities and Exchange Commission.
SCHEDULE 13G
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CUSIP NO. 00437W102 PAGE 7 OF 12 PAGES
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ITEM 1.
(a) Name of Issuer: Accrue Software, Inc.
(b) Address of Issuer's Principal Executive Offices:
48634 Milmont Drive,
Fremont, California 94538
ITEM 2.
(a) Name of Person Filing:
This Statement is filed by Vertex Technology Fund Ltd
("VTF"), Vertex Management (II) Pte Ltd ("VM2"), Mr. Lee Kheng Nam ("Lee"),
Vertex Venture Holdings Ltd (formerly Vertex Venture Holdings Pte Ltd) ("VVH")
and Singapore Technologies Ptd Ltd ("STPL"). The foregoing entities and
individual are collectively referred to as the "Reporting Persons."
VM2 has been granted a power of attorney by VTF to make all
voting and investment decisions with respect to all of the issuer's shares held
by such entities. Mr. Lee Kheng Nam is President of VM2 and makes all voting and
divestment decisions pursuant to the power of attorney granted to VM2. As a
result, VM2 and Mr. Lee Kheng Nam may be deemed to have the power to vote and
the power to dispose of shares of the issuer owned directly by VTF.
VVH is the majority shareholder of each of VTF and Vertex
Investment International (I) Inc. ("VII1"). STPL is the majority shareholder of
VVH. As a result of their positions as majority shareholders, VVH and STPL may
be deemed to control VTF and VII1 and may therefore be deemed to have the power
to vote and the power to dispose of shares of the issuer owned directly by such
entities.
(b) Address of Principal Business Office:
The address for VTF, VM2, Lee and VVH is:
77 Science Park Drive
#02-15 Cintech III
Singapore 118256
The address for STPL is:
51 Cuppage Road,
#09-01 Starhub Centre
Singapore 229469
(c) Citizenship:
VTF, VM2, VVH and STPL are each corporations organized under
the laws of Singapore. Lee is a citizen of Singapore.
SCHEDULE 13G
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CUSIP NO. 00437W102 PAGE 8 OF 12 PAGES
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(d) Title of Class of Securities:
Common Stock
(e) CUSIP Number:
00437W102
ITEM 3. Not Applicable.
ITEM 4. OWNERSHIP.
The following information with respect to the ownership of the
Common Stock of the issuer by the persons filing this statement
is provided as of December 31, 2001.
(a) Amount beneficially owned:
See Row 9 of cover page for each Reporting Person.
(b) Percent of class:
See Row 11 of cover page for each Reporting Person.
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: See Row 5
of cover page for each Reporting Person.
(ii) Shared power to vote or to direct the vote: See Row
6 of cover page for each Reporting Person.
(iii) Sole power to dispose or to direct the disposition
of: See Row 7 of cover page for each Reporting
Person.
(iv) Shared power to dispose or to direct the disposition
of: See Row 8 of cover page for each Reporting
Person.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Not applicable.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
Under certain circumstances set forth in the organizational
documents of VTF and VII1, the shareholders of such entity may be
deemed to have the right to receive dividends from, or the
proceeds from, the sale of shares of the issuer owned by such
entity.
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.
SCHEDULE 13G
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CUSIP NO. 00437W102 PAGE 9 OF 12 PAGES
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ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
ITEM 10. CERTIFICATIONS.
Not applicable
SCHEDULE 13G
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CUSIP NO. 00437W102 PAGE 10 OF 12 PAGES
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SIGNATURE
After reasonable inquiry and to the best of each of the undersigned's
respective knowledge and belief, each of the undersigned certifying that the
information set forth in this statement is true, complete and correct.
VERTEX TECHNOLOGY FUND LTD
Dated: February 8, 2002 By: /s/ Lee Kheng Nam
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Name: Lee Kheng Nam
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Title: Director
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VERTEX MANAGEMENT (II) PTE LTD
Dated: February 8, 2002 By: /s/ Lee Kheng Nam
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Name: Lee Kheng Nam
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Title: President
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LEE KHENG NAM
Dated: February 8, 2002 By: /s/ Lee Kheng Nam
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VERTEX VENTURE HOLDINGS LTD
Dated: February 8, 2002 By: /s/ Lee Kheng Nam
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Name: Lee Kheng Nam
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Title: Director
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SINGAPORE TECHNOLOGIES PTE LTD
Dated: February 8, 2002 By: /s/ Chua Su Li
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Name: Chua Su Li
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Title: Company Secretary
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SCHEDULE 13G
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CUSIP NO. 00437W102 PAGE 11 OF 12 PAGES
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EXHIBIT INDEX
Exhibit
Exhibit A: Agreement of Joint Filing
SCHEDULE 13G
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CUSIP NO. 00437W102 PAGE 12 OF 12 PAGES
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EXHIBIT A
Agreement of Joint Filing
The undersigned hereby agree that a single Schedule 13G (or any
amendment thereto) relating to the Common Stock of Accrue Software, Inc. shall
be filed on behalf of each of the undersigned and that this Agreement shall be
filed as an exhibit to such Schedule 13G.
VERTEX TECHNOLOGY FUND LTD
Dated: February 8, 2002 By: /s/ Lee Kheng Nam
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Name: Lee Kheng Nam
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Title: Director
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VERTEX MANAGEMENT (II) PTE LTD
Dated: February 8, 2002 By: /s/ Lee Kheng Nam
--------------------------------
Name: Lee Kheng Nam
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Title: President
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LEE KHENG NAM
Dated: February 8, 2002 By: /s/ Lee Kheng Nam
--------------------------------
VERTEX VENTURE HOLDINGS LTD
Dated: February 8, 2002 By: /s/ Lee Kheng Nam
--------------------------------
Name: Lee Kheng Nam
------------------------------
Title: Director
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SINGAPORE TECHNOLOGIES PTE LTD
Dated: February 8, 2002 By: /s/ Chua Su Li
--------------------------------
Name: Chua Su Li
------------------------------
Title: Company Secretary
-----------------------------