UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
ART TECHNOLOGY GROUP, INC.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
CUSIP NO. 458727 20 3
--------------------------------------------------------------------------------
(CUSIP Number)
James H. Dennedy Richard S. Rofe
Mitchell-Wright Technology Group, LLC Mitchell-Wright Technology Group, LLC
8060 Montgomery Road, Suite 205 185 Great Neck Road, Suite 460
Cincinnati, OH 45236 Great Neck, NY 11020
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(513) 792-5100 (516) 466-5258
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--------------------------------------------------------------------------------
Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications
September 9, 2004
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(Date of Event Which Requires
Filing of This Statement)
If the person filing has previously filed a statement on Schedule 13G to
report the acquisition that is the subject of this Schedule 13D, and is filing
this schedule because of ss. 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 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 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).
SCHEDULE 13D
CUSIP NO. 458727 20 3 PAGE 2 OF 23 PAGES
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(1) Names of Reporting Persons.
S.S. or Identification Nos. of above persons (entities only).
SSH Partners I, LLP
--------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group (See Instructions) (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
Delaware
--------------------------------------------------------------------------------
Number of Shares Beneficially Owned by Each (7) Sole Voting Power
Reporting Person with:
125,000
----------------------------------
(8) Shared Voting Power
0
----------------------------------
(9) Sole Dispositive Power
125,000
----------------------------------
(10) Shared Dispositive Power
0
--------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
125,000
--------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) //
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
0.2%
--------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions)
PN
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SCHEDULE 13D
CUSIP NO. 458727 20 3 PAGE 3 OF 23 PAGES
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(1) Names of Reporting Persons.
S.S. or Identification Nos. of above persons (entities only).
Mitchell-Wright Technology Group, LLC 41-2142179
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(2) Check the Appropriate Box if a Member (a) /x/
of a Group (See Instructions) (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
Delaware
--------------------------------------------------------------------------------
Number of Shares Beneficially Owned by Each (7) Sole Voting Power
Reporting Person with:
125,000
----------------------------------
(8) Shared Voting Power
0
----------------------------------
(9) Sole Dispositive Power
125,000
----------------------------------
(10) Shared Dispositive Power
0
--------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
125,000
--------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) //
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
0.2%
--------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions)
OO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
SCHEDULE 13D
CUSIP NO. 458727 20 3 PAGE 4 OF 23 PAGES
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(1) Names of Reporting Persons.
S.S. or Identification Nos. of above persons (entities only).
Mitchell-Wright, LLC
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(2) Check the Appropriate Box if a Member (a) /x/
of a Group (See Instructions) (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
Delaware
--------------------------------------------------------------------------------
Number of Shares Beneficially Owned by Each (7) Sole Voting Power
Reporting Person with:
125,000
---------------------------------
(8) Shared Voting Power
0
---------------------------------
(9) Sole Dispositive Power
125,000
---------------------------------
(10) Shared Dispositive Power
0
--------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
125,000
--------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) //
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
0.2%
--------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions)
OO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SCHEDULE 13D
CUSIP NO. 458727 20 3 PAGE 5 OF 23 PAGES
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(1) Names of Reporting Persons.
S.S. or Identification Nos. of above persons (entities only).
James Dennedy
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(2) Check the Appropriate Box if a Member (a) /x/
of a Group (See Instructions) (b) //
--------------------------------------------------------------------------------
(3) Sec Use Only
--------------------------------------------------------------------------------
(4) Source of Funds (see instructions)
PF/AF
--------------------------------------------------------------------------------
(5) Check if disclosure of legal proceedings is required pursuant to
Items 2(d) or 2(e).
--------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
USA
--------------------------------------------------------------------------------
Number of Shares Beneficially Owned by Each (7) Sole Voting Power
Reporting Person with:
145,000
----------------------------------
(8) Shared Voting Power
0
----------------------------------
(9) Sole Dispositive Power
145,000
----------------------------------
(10) Shared Dispositive Power
0
--------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
145,000
--------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) //
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
0.2%
--------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions)
IN
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SCHEDULE 13D
CUSIP NO. 458727 20 3 PAGE 6 OF 23 PAGES
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(1) Names of Reporting Persons.
S.S. or Identification Nos. of above persons (entities only).
Arcadia Partners, L.P.
--------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group (See Instructions) (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
Delaware
--------------------------------------------------------------------------------
Number of Shares Beneficially Owned by Each (7) Sole Voting Power
Reporting Person with:
36,744
----------------------------------
(8) Shared Voting Power
0
----------------------------------
(9) Sole Dispositive Power
36,744
----------------------------------
(10) Shared Dispositive Power
0
--------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
36,744
--------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) //
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
0.0%
--------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions)
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
SCHEDULE 13D
CUSIP NO. 458727 20 3 PAGE 7 OF 23 PAGES
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(1) Names of Reporting Persons.
S.S. or Identification Nos. of above persons (entities only).
Arcadia Capital Management, LLC
--------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group (See Instructions) (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
Delaware
--------------------------------------------------------------------------------
Number of Shares Beneficially Owned by Each (7) Sole Voting Power
Reporting Person with:
36,744
----------------------------------
(8) Shared Voting Power
0
----------------------------------
(9) Sole Dispositive Power
36,744
----------------------------------
(10) Shared Dispositive Power
0
--------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
36,744
--------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) //
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
0.0%
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(14) Type of Reporting Person (See Instructions)
OO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SCHEDULE 13D
CUSIP NO. 458727 20 3 PAGE 8 OF 23 PAGES
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(1) Names of Reporting Persons.
S.S. or Identification Nos. of above persons (entities only).
Richard Rofe
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(2) Check the Appropriate Box if a Member (a) /x/
of a Group (See Instructions) (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
USA
--------------------------------------------------------------------------------
Number of Shares Beneficially Owned by Each (7) Sole Voting Power
Reporting Person with:
172,244
----------------------------------
(8) Shared Voting Power
0
----------------------------------
(9) Sole Dispositive Power
172,244
----------------------------------
(10) Shared Dispositive Power
0
--------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
172,244
--------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) //
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
0.2%
--------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions)
IN
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SCHEDULE 13D
CUSIP NO. 458727 20 3 PAGE 9 OF 23 PAGES
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(1) Names of Reporting Persons.
S.S. or Identification Nos. of above persons (entities only).
Parche, LLC 20-0870632
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(2) Check the Appropriate Box if a Member (a) /x/
of a Group (See Instructions) (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
Delaware
--------------------------------------------------------------------------------
Number of Shares Beneficially Owned by Each (7) Sole Voting Power
Reporting Person with:
0
----------------------------------
(8) Shared Voting Power
620,776
----------------------------------
(9) Sole Dispositive Power
----------------------------------
(10) Shared Dispositive Power
620,776
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
620,776
--------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) //
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
0.8%
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(14) Type of Reporting Person (See Instructions)
OO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SCHEDULE 13D
CUSIP NO. 458727 20 3 PAGE 10 OF 23 PAGES
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(1) Names of Reporting Persons.
S.S. or Identification Nos. of above persons (entities only).
Starboard Value & Opportunity Fund, LLC
--------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group (See Instructions) (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
Delaware
--------------------------------------------------------------------------------
Number of Shares Beneficially Owned by Each (7) Sole Voting Power
Reporting Person with:
0
----------------------------------
(8) Shared Voting Power
3,259,080
----------------------------------
(9) Sole Dispositive Power
0
----------------------------------
(10) Shared Dispositive Power
3,259,080
--------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
3,259,080
--------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) //
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
4.4%
--------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions)
OO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SCHEDULE 13D
CUSIP NO. 458727 20 3 PAGE 11 OF 23 PAGES
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(1) Names of Reporting Persons.
S.S. or Identification Nos. of above persons (entities only).
Admiral Advisors, LLC
--------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group (See Instructions) (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
Delaware
--------------------------------------------------------------------------------
Number of Shares Beneficially Owned by Each (7) Sole Voting Power
Reporting Person with:
0
----------------------------------
(8) Shared Voting Power
3,879,856
----------------------------------
(9) Sole Dispositive Power
0
----------------------------------
(10) Shared Dispositive Power
3,879,856
--------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
3,879,856
--------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) //
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
5.3%
--------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions)
OO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SCHEDULE 13D
CUSIP NO. 458727 20 3 PAGE 12 OF 23 PAGES
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(1) Names of Reporting Persons.
S.S. or Identification Nos. of above persons (entities only).
Ramius Capital Group, LLC
--------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group (See Instructions) (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
Delaware
--------------------------------------------------------------------------------
Number of Shares Beneficially Owned by Each (7) Sole Voting Power
Reporting Person with:
0
----------------------------------
(8) Shared Voting Power
3,879,856
----------------------------------
(9) Sole Dispositive Power
0
----------------------------------
(10) Shared Dispositive Power
3,879,856
--------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
3,879,856
--------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) //
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
5.3%
--------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions)
OO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SCHEDULE 13D
CUSIP NO. 458727 20 3 PAGE 13 OF 23 PAGES
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(1) Names of Reporting Persons.
S.S. or Identification Nos. of above persons (entities only).
C4S & Co., LLC
--------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group (See Instructions) (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
Delaware
--------------------------------------------------------------------------------
Number of Shares Beneficially Owned by Each (7) Sole Voting Power
Reporting Person with:
0
----------------------------------
(8) Shared Voting Power
3,879,856
----------------------------------
(9) Sole Dispositive Power
0
----------------------------------
(10) Shared Dispositive Power
3,879,856
--------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
3,879,856
--------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) //
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
5.3%
--------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions)
OO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SCHEDULE 13D
CUSIP NO. 458727 20 3 PAGE 14 OF 23 PAGES
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(1) Names of Reporting Persons.
S.S. or Identification Nos. of above persons (entities only).
Peter A. Cohen
--------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group (See Instructions) (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
USA
--------------------------------------------------------------------------------
Number of Shares Beneficially Owned by Each (7) Sole Voting Power
Reporting Person with:
0
----------------------------------
(8) Shared Voting Power
3,879,856
----------------------------------
(9) Sole Dispositive Power
0
----------------------------------
(10) Shared Dispositive Power
3,879,856
--------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
3,879,856
--------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) //
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
5.3%
--------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions)
IN
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SCHEDULE 13D
CUSIP NO. 458727 20 3 PAGE 15 OF 23 PAGES
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(1) Names of Reporting Persons.
S.S. or Identification Nos. of above persons (entities only).
Morgan B. Stark
--------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group (See Instructions) (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
USA
--------------------------------------------------------------------------------
Number of Shares Beneficially Owned by Each (7) Sole Voting Power
Reporting Person with:
0
----------------------------------
(8) Shared Voting Power
3,879,856
----------------------------------
(9) Sole Dispositive Power
0
----------------------------------
(10) Shared Dispositive Power
3,879,856
--------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
3,879,856
--------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) //
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
5.3%
--------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions)
IN
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SCHEDULE 13D
CUSIP NO. 458727 20 3 PAGE 16 OF 23 PAGES
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(1) Names of Reporting Persons.
S.S. or Identification Nos. of above persons (entities only).
Jeffrey M. Solomon
--------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group (See Instructions) (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
USA
--------------------------------------------------------------------------------
Number of Shares Beneficially Owned by Each (7) Sole Voting Power
Reporting Person with:
0
-----------------------------------
(8) Shared Voting Power
3,879,856
-----------------------------------
(9) Sole Dispositive Power
0
-----------------------------------
(10) Shared Dispositive Power
3,879,856
--------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
3,879,856
--------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (
See Instructions) //
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
5.3%
--------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions)
IN
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SCHEDULE 13D
CUSIP NO. 458727 20 3 PAGE 17 OF 23 PAGES
--------------------------------------------------------------------------------
(1) Names of Reporting Persons.
S.S. or Identification Nos. of above persons (entities only).
Thomas W. Strauss
--------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group (See Instructions) (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
USA
--------------------------------------------------------------------------------
Number of Shares Beneficially Owned by Each (7) Sole Voting Power
Reporting Person with:
0
----------------------------------
(8) Shared Voting Power
3,879,856
----------------------------------
(9) Sole Dispositive Power
0
----------------------------------
(10) Shared Dispositive Power
3,879,856
--------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
3,879,856
--------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) //
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
5.3%
--------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions)
IN
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
ITEM 1. SECURITY AND ISSUER
This Amendment No. 1 to Schedule 13D relates to shares of the Common Stock, par
value $0.01 per share ("Common Stock"), of Art Technology Group, Inc. (the
"Issuer" or the "Company") and is being filed on behalf of the undersigned to
amend the Schedule 13D which was originally filed on August 24, 2004 (the
"Schedule 13D"). Unless otherwise indicated, all capitalized terms used herein
but not defined herein shall have the same meanings as set forth in the Schedule
13D.
ITEM 2. IDENTITY AND BACKGROUND
This Amendment No. 1 to Schedule 13D is filed by a group consisting of SSH
Partners I, LP, Mitchell-Wright Technology Group, LLC, Mitchell-Wright, LLC,
James Dennedy, Arcadia Partners, L.P., Arcadia Capital Management, LLC, Richard
Rofe, Parche, LLC, Starboard Value & Opportunity Fund, LLC, Admiral Advisors,
LLC, Ramius Capital Group, LLC, C4S & Co., LLC, Peter A. Cohen, Morgan B. Stark,
Jeffrey M. Solomon, and Thomas W. Strauss (collectively, the "Reporting
Persons").
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The additional shares of Common Stock purchased by the Reporting Persons since
the filing of the Schedule 13D, as described in Item 5 below, were made in open
market transactions. All such purchases of Common Stock by each of the Reporting
Persons were funded by working capital, which may, at any given time, include
margin loans made by brokerage firms in the ordinary course of business. The
amount of funds expended for such purchases was $15,655 by Parche, LLC, and
$82,191 by Starboard Value & Opportunity Fund, LLC.
ITEM 4. PURPOSE OF THE TRANSACTION
On September 9, 2004, representatives of Mitchell-Wright Technology Group, LLC
("MWTG"), on behalf of the Reporting Persons, met with three members of the
board of directors of the Company, Paul Shorthose, David Elsbree and Phyllis
Swersky, to discuss MWTG's proposals that the Company (i) should commit to more
significant cost synergies in connection with the Company's proposed merger with
Primus Knowledge Solutions, Inc. ("PKSI")and (ii) enact changes in the Company's
corporate governance, as outlined in MWTG's letter to Robert Burke dated August
18, 2004, a copy of which was attached to the Schedule 13D.
MWTG was pleased to explain to these board members its concerns regarding the
proposed merger with PKSI and to present its proposals to address such concerns.
However, absent an adequate response from the Company on the elements of MWTG's
proposals, the Reporting Persons cannot support the proposed merger with PKSI.
MWTG is committed to working with the Company to develop a mutually acceptable
solution that commits to lower overall operating costs and makes improvements to
the Company's corporate governance to make the Company more accountable to the
shareholders.
MWTG will continue to evaluate the proposed merger with PKSI and the Company's
business, financial condition, operating results, capital structure, management,
stock market performance, future prospects, competitive outlook and other
relevant factors. If, based on such evaluation, MWTG concludes that the proposed
merger is not in the best interests of the stockholders of the Company, MWTG may
determine to solicit proxies against the proposed merger at the special meeting
of stockholders called by the board of directors for that purpose.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a), (b)
The aggregate number of shares of Common Stock to which this Schedule 13D
relates is 4,197,100 shares, representing 5.7% of the 73,828,622 shares of
Common Stock reported by the Company to be issued and outstanding as of June 30,
2004, in its Form 10-Q filed with the Securities and Exchange Commission on
August 9, 2004. The Reporting Persons beneficially own those shares as follows:
As of the date hereof, SSH Partners I, LP beneficial owns an aggregate of
125,000 shares of Common Stock, representing approximately 0.2% of the issued
and outstanding shares of Common Stock. In addition, by virtue of the
relationships described under Item 2 of the Schedule 13D, each of
Mitchell-Wright Capital Group, LLC, Mitchell-Wright, LLC and James Dennedy may
be deemed to have an indirect beneficial ownership of all the shares of Common
Stock beneficially owned by SSH Partners I, LP.
As of the date hereof, Mr. Dennedy beneficial owns an aggregate of 145,000
shares of Common Stock, representing approximately 0.2% of the shares of Common
Stock presently outstanding. Included in this amount are 20,000 shares of Common
Stock owned directly by Mr. Dennedy and the 125,000 shares of Common Stock owned
by SSH Partners I, LP, in which Mr. Dennedy may be deemed to have an indirect
beneficial ownership interest as described above. Mr. Dennedy has sole voting
and dispositive power with respect to the 20,000 shares of Common Stock owned
directly by him and the 125,000 shares of Common Stock owned by SSH Partners I,
LP.
Mr. Dennedy, Mitchell-Wright, LLC and Mitchell-Wright Technology Group, LLC each
disclaim beneficial ownership of the shares of the Issuer's Common Stock held of
record by SSH Partners I, LP, and the filing of this Schedule 13D shall not be
construed as an admission that any such person is the beneficial owner of any
such securities.
As of the date hereof, Arcadia Partners, LP beneficial owns an aggregate of
36,744 shares of Common Stock, representing less than 0.1% of the shares of
Common Stock presently outstanding. In addition, by virtue of the relationships
described under Item 2 of this Schedule 13D, each of Arcadia Capital Management,
LLC and Richard Rofe may be deemed to have an indirect beneficial ownership of
all the shares of Common Stock beneficially owned by Arcadia Partners, LP.
As of the date hereof, Mr. Rofe beneficial owns an aggregate of 172,244 shares
of Common Stock, representing approximately 0.2% of the shares of Common Stock
presently outstanding. Included in this amount are 135,500 shares of Common
Stock owned directly by Mr. Rofe and the 36,744 shares of Common Stock owned by
Arcadia Partners, LP, in which Mr. Rofe may be deemed to have an indirect
beneficial ownership interest as described above. Mr. Rofe has sole voting and
dispositive power with respect to both the 135,500 shares of Common Stock owned
directly by him and the 36,744 shares of Common Stock owned by Arcadia Partners,
LP by virtue of his authority to vote and dispose of such shares of Common
Stock.
Mr. Rofe and Arcadia Capital Management, LLC each disclaim beneficial ownership
of the shares of the Issuer's Common Stock held of record by Arcadia Partners,
LP, and the filing of this Schedule 13D shall not be construed as an admission
that any such person is the beneficial owner of any such securities.
As of the date hereof, Parche, LLC beneficially owns an aggregate of 620,776
shares of Common Stock, representing approximately 0.8% of the shares of Common
Stock presently outstanding. In addition, by virtue of the relationships
described under Item 2 of this Schedule 13D, each of Admiral Advisors, LLC,
Ramius Capital Group, LLC, C4S & Co., Peter A. Cohen, Morgan B. Stark, Jeffrey
M. Solomon and Thomas W. Strauss may be deemed to have an indirect beneficial
ownership of all the shares of Common Stock beneficially owned by Parche, LLC.
As of the date hereof, Starboard Value & Opportunity Fund, LLC beneficially owns
an aggregate of 3,259,080 shares of Common Stock, representing approximately
4.4% of the outstanding shares of Common Stock. In addition, by virtue of the
relationships described under Item 2 of this Schedule 13D, each of Admiral
Advisors, LLC, Ramius Capital Group, LLC, C4S & Co., LLC, Peter A. Cohen, Morgan
B. Stark, Jeffrey M. Solomon and Thomas W. Strauss may be deemed to have an
indirect beneficial ownership of all the shares of Common Stock beneficially
owned by Starboard Value & Opportunity Fund, LLC.
Each of Messrs. Cohen, Stark, Solomon and Strauss shares voting and dispositive
power with respect to both the 620,776 shares of Common Stock owned by Parche,
LLC and the 3,259,080 shares of Common Stock owned by Starboard Value &
Opportunity Fund, LLC by virtue of their status as joint managing members of C4S
& Co., LLC, the Managing Member of Ramius Capital Group, LLC, which in turn is
the Managing Member of Admiral Advisors, LLC, which is the Managing Member of
both Parche, LLC and Starboard Value & Opportunity Fund, LLC.
Messrs. Cohen, Stark, Solomon, and Strauss, C4S & Co., LLC, Ramius Capital
Group, LLC and Admiral Advisors, LLC each disclaim beneficial ownership of the
shares of the Issuer's Common Stock held of record by Parche, LLC and Starboard
Value & Opportunity Fund, LLC, and the filing of this Schedule 13D shall not be
construed as an admission that any such person is the beneficial owner of any
such securities.
To the best knowledge of the Reporting Persons, none of the persons or entities
listed in Item 2 beneficially owns any other shares of the Company. Each of the
Reporting Persons disclaims beneficial ownership of shares of Common Stock
solely as a result of Rule 13d-5(b)(1) under the Securities Exchange Act of
1934, as amended.
(c) Information with respect to all transactions in the shares of Common Stock
which were effected since the most recent filing on Schedule 13D by each of the
Reporting Persons is set forth on Schedule I annexed hereto and incorporated
herein by reference.
(d) Not applicable
(e) Not applicable
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER
MWTG, Parche, LLC, and Starboard Value and Opportunity Fund, LLC have an
agreement pursuant to which MWTG provides advice and services with respect to
the parties' investments in the Common Stock of the Issuer, among other matters.
Under such agreement, the parties agree to coordinate the acquisition and
disposition of Common Stock of the Issuer with MWTG and to cooperate with
respect to proxy votes and related matters (however, each of the parties to the
agreement retains the sole discretion over acquisitions and dispositions of, and
voting authority over, the shares of Common Stock that it holds). For such
services, MWTG receives an amount equal to a percentage of the profits realized
by such parties on their investment in the Issuer. The parties have also agreed
to share expenses incurred by the group. A written agreement between the parties
with respect to the foregoing has not yet been formalized.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
None.
--------------------------------------------------------------------------------
SIGNATURE
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.
September 10, 2004 SSH Partners I, LP
By: Mitchell-Wright Technology Group, LLC, its
General Partner
/s/ James Dennedy
------------------------------------------------
By: James Dennedy
Managing Member
September 10, 2004 Mitchell-Wright Technology Group, LLC
By: Mitchell-Wright, LLC, its Managing Member
/s/ James Dennedy
------------------------------------------------
By: James Dennedy
Managing Member
September 10, 2004 Mitchell-Wright, LLC
/s/ James Dennedy
------------------------------------------------
By: James Dennedy
Managing Member
September 10, 2004 /s/ James Dennedy
------------------------------------------------
James Dennedy
September 10, 2004 Arcadia Partners, L.P.
By: Arcadia Capital Management, LLC, its
General Partner
/s/ Richard Rofe
-----------------------------------------------
By: Richard Rofe
Member
September 10, 2004 Arcadia Capital Management, LLC
/s/ Richard Rofe
-----------------------------------------------
-----------------------------------------------
By: Richard Rofe
Member
September 10, 2004 /s/ Richard Rofe
-----------------------------------------------
Richard Rofe
September 10, 2004 Parche, LLC
By: Admiral Advisors, LLC, its managing member
/s/ Jeffrey M. Solomon
-----------------------------------------------
By: Jeffrey M. Solomon
Authorized Signatory
September 10, 2004 Starboard Value & Opportunity Fund, LLC
By: Admiral Advisors, LLC, its managing member
/s/ Jeffrey M. Solomon
-----------------------------------------------
By: Jeffrey M. Solomon
Authorized Signatory
September 10, 2004 Ramius Capital Group, LLC
By: C4S & Co., LLC, its Managing Member
/s/ Jeffrey M. Solomon
-----------------------------------------------
By: Jeffrey M. Solomon
Authorized Signatory
September 10, 2004 C4S & Co., LLC
/s/ Jeffrey M. Solomon
-----------------------------------------------
By: Jeffrey M. Solomon
Authorized Signatory
September 10, 2004 /s/ Peter A. Cohen
-----------------------------------------------
Peter A. Cohen
September 10, 2004 /s/ Morgan B. Stark
-----------------------------------------------
Morgan B. Stark
September 10, 2004 /s/ Jeffrey M. Solomon
-----------------------------------------------
Jeffrey M. Solomon
September 10, 2004 /s/ Thomas W. Strauss
-----------------------------------------------
Thomas W. Strauss
SCHEDULE I
This schedule sets forth information with respect to each purchase and sale of
Common Stock which was effectuated by a Reporting Person since the filing of the
Schedule 13D. All transactions were effectuated in the open market through a
broker.
Parche, LLC
-----------
Number of Shares
Date Purchased/(Sold) Price Per Share(1)
---- ---------------- ------------------
8/24/2004 1,439 $ 0.99
8/31/2004 2,068 $ 0.97
9/1/2004 8,816 $ 0.94
9/2/2004 4,000 $ 0.95
Starboard Value and Opportunity Fund, LLC
-----------------------------------------
Number of Shares
Date Purchased/(Sold) Price Per Share(1)
---- ---------------- ------------------
8/24/2004 7,556 $ 0.99
8/31/2004 10,857 $ 0.97
9/1/2004 46,284 $ 0.94
9/2/2004 21,000 $ 0.95
(1) Excludes commissions and other execution-related costs.