Page 6 of 8 SEC Filing
| Item 1. | Security and Issuer |
| This Amendment No. 1 to Schedule 13D (“Amendment No. 1”) relates to the Common Stock, par value $0.001 per share (the “Common Stock”), of SciQuest, Inc., a Delaware corporation (the “Company”), which has its principal executive offices at 3020 Carrington Mill Blvd., Suite 100, Morrisville, NC 27560. This Amendment No. 1 amends and supplements, as set forth below, the information contained in items 1, 3, 5 and 6 of the Schedule 13D filed by the Reporting Persons with respect to the Company on November 23, 2015 (the “Schedule 13D”). All capitalized terms used herein but not defined herein have the meanings set forth in the Schedule 13D. Except as amended by this Amendment No. 1, all information contained in the Schedule 13D is, after reasonable inquiry and to the best of the Reporting Persons’ knowledge and belief, complete and correct as of the date of this Amendment No. 1. | |
| Item 3. | Source and Amount of Funds or Other Consideration |
| Item 3 of the Schedule 13D is hereby amended to read in its The total purchase price for the 1,757,724 shares of Common |
| Item 5. | Interest in Securities of the Issuer |
| Item 5 of the Schedule 13D is hereby amended to read in its entirety as follows: | |
| The information concerning percentages of ownership set forth below is based on 27,850,978 shares of Common Stock outstanding as of January 31, 2016 as reported in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2015. | |
| Discovery Equity Partners beneficially owns 1,757,724 shares of Common Stock as of February 26, 2016, which represents 6.3% of the outstanding Common Stock. | |
| Discovery Group beneficially owns 1,757,724 shares of Common Stock as of February 26, 2016, which represents 6.3% of the outstanding Common Stock. | |
| Mr. Donoghue beneficially owns 1,757,724 shares of Common Stock as of February 26, 2016, which represents 6.3% of the outstanding Common Stock. | |
| Mr. Murphy beneficially owns 1,757,724 shares of Common Stock as of February 26, 2016, which represents 6.3% of the outstanding Common Stock. | |
| Discovery Group is the sole general partner of Discovery Equity Partners. Messrs. Donoghue and Murphy are the sole managing members of Discovery Group. As a consequence, Discovery Group and Messrs. Donoghue and Murphy may be deemed to share beneficial ownership of all of the shares of Common Stock owned by Discovery Equity Partners. | |
| The transactions in Common Stock effected by the Reporting Persons during the past 60 days are set out in Exhibit 1 hereto. |
| No person other than Discovery Equity Partners is known to any Reporting Person to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, any of the shares of Common Stock reported herein. | |
| Item 6. | Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer |
| Item 6 of the Schedule
There are no contracts, | |
| Item 7. | Material to Be Filed as Exhibits |
| Exhibit 1: List of transactions effected by the Reporting Persons in the Company’s Common Stock during the 60-day period preceding this filing. | |
| Exhibit 2: Joint Filing Agreement dated as of February 29, 2016, by and among Discovery Equity Partners; Discovery Group; Daniel J. Donoghue; and Michael R. Murphy. | |
| Exhibit 3: Power of Attorney of Daniel J. Donoghue, dated as of April 28, 2008. | |
| Exhibit 4: Power of Attorney of Michael R. Murphy, dated as of April 28, 2008. |
