Servicesource International Inc. (SREV): Altai Capital Slashes Stake, Loses Board Seat

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Page 5 of 10 – SEC Filing
CUSIP No. 81763U100
SCHEDULE 13D
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Pursuant to Rule 13d-2(a) of the General Rules and Regulations under the Act, the undersigned hereby amend the Schedule 13D originally filed on June 27, 2014, as amended by Amendment No. 1 to the Schedule 13D filed on September 5, 2014, as amended by Amendment No. 2 to the Schedule 13D filed on November 17, 2014 (as so amended, the “Schedule 13D”), relating to the common stock, par value $0.0001 per share (the “Common Stock”), of ServiceSource International, Inc., a Delaware corporation (the “Company” or the “Issuer”). Except as set forth herein, the Schedule 13D is unmodified.
ITEM 1.  Security and Issuer.
No material change.
ITEM 2.  Identity and Background.
This Item 2 is hereby amended and restated in its entirety to read as follows:
(a)          This Schedule 13D is filed by: (i) Altai Capital Management, L.P., a Delaware limited partnership registered as an investment adviser with the U.S. Securities and Exchange Commission (“Investment Manager”); (ii) Altai Capital Management, LLC, a Delaware limited liability company (“IMGP”); and (iii) Mr. Rishi Bajaj.
Each of the foregoing is referred to as a “Reporting Person” and collectively as, the “Reporting Persons.”  Each of the Reporting Persons is party to a Joint Filing Agreement, which is attached hereto as Exhibit A.  Accordingly, the Reporting Persons are hereby filing this joint Schedule 13D.
This Schedule 13D relates to the Common Stock held for the account of Altai Capital Master Fund, Ltd., a Cayman Islands exempted company (“ACMF”) and Altai Capital Osprey, LLC, a Delaware limited liability company (“Osprey”). Investment Manager serves as investment manager to each of ACMF and Osprey.  Each of Investment Manager, IMGP and Mr. Bajaj may be deemed to have voting and dispositive power over the Common Stock held for the account of each of ACMF and Osprey.
Mr. Symonds and Mr. Tesoriere are no longer Reporting Persons.
(b)          The address of the principal business office of each Reporting Person is 230 West 56th Street, Apt. 53C, New York, NY 10019.
(c)          The principal business of Investment Manager is serving as the investment manager of certain investment funds, including ACMF and Osprey.  The principal business of IMGP is serving as the general partner of Investment Manager.  The principal business of Mr. Bajaj is serving as managing principal of Investment Manager, a member of IMGP and the sole member of the managing member of Osprey.

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