Filing Details
- Accession Number:
- 0001193125-16-634474
- Form Type:
- 13G Filing
- Publication Date:
- 2016-06-28 14:21:54
- Filed By:
- Vadon Mark C
- Company:
- Blue Nile Inc (NASDAQ:NILE)
- Filing Date:
- 2016-06-28
- SEC Url:
- 13G Filing
Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| Mark Vadon | 580,509 | 580,509 | 580,509 | 5.0% | ||
| Lake Tana | 387,000 | 387,000 | 387,000 | 3.3% | ||
| MVHF | 100,309 | 100,309 | 100,309 | 0.9% |
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )*
Blue Nile, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
09578R103
(CUSIP Number)
June 24, 2016
(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)
x Rule 13d-1(c)
¨ Rule 13d-1(d)
| * | The remainder of this cover page shall be filled out for a reporting persons 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. 09578R103 |
| 1. | Names of Reporting Persons
Mark Vadon | |||||
| 2. | Check the Appropriate Box if a Member of a Group (see instructions) (a) ¨ (b) ¨
| |||||
| 3. | SEC USE ONLY
| |||||
| 4. | Citizenship or Place of Organization
United States | |||||
| Number of Shares Beneficially Owned by Each Reporting Person With:
| 5. | Sole Voting Power
580,509(1) | ||||
| 6. | Shared Voting Power
Not applicable. | |||||
| 7. | Sole Dispositive Power
580,509(1) | |||||
| 8. | Shared Dispositive Power
Not applicable. | |||||
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person
580,509 shares(1) | |||||
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (see instructions) ¨
| |||||
| 11. | Percent of Class Represented by Amount in Row 9
5.0%(2) | |||||
| 12. | Type of Reporting Person (see instructions)
IN | |||||
| (1) | Includes (1) 93,200 shares of Common Stock held by Mr. Vadon, (2) 387,000 shares of Common Stock held by Lake Tana LLC, with respect to which Mr. Vadon holds sole voting and dispositive power, and (3) 100,309 shares of Common Stock held by MVHF, LLC, with respect to which Mr. Vadon holds sole voting and dispositive power. |
| (2) | The percentages reported in this Schedule 13G are based upon 11,608,967 shares of Common Stock outstanding as of May 4, 2016 according to the Form 10-Q filed by the issuer with the Securities and Exchange Commission on May 10, 2016. All of the other numbers and percentages reported in this Schedule 13G are as of 9:00 a.m. (PT) on the date of filing. |
| CUSIP No. 09578R103 |
| 1. | Names of Reporting Persons
Lake Tana LLC | |||||
| 2. | Check the Appropriate Box if a Member of a Group (see instructions) (a) ¨ (b) ¨
| |||||
| 3. | SEC USE ONLY
| |||||
| 4. | Citizenship or Place of Organization
Washington | |||||
| Number of Shares Beneficially Owned by Each Reporting Person With:
| 5. | Sole Voting Power
387,000 | ||||
| 6. | Shared Voting Power
Not applicable. | |||||
| 7. | Sole Dispositive Power
387,000 | |||||
| 8. | Shared Dispositive Power
Not applicable. | |||||
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person
387,000 shares | |||||
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (see instructions) ¨
| |||||
| 11. | Percent of Class Represented by Amount in Row 9
3.3%(2) | |||||
| 12. | Type of Reporting Person (see instructions)
OO | |||||
| CUSIP No. 09578R103 |
| 1. | Names of Reporting Persons
MVHF, LLC | |||||
| 2. | Check the Appropriate Box if a Member of a Group (see instructions) (a) ¨ (b) ¨
| |||||
| 3. | SEC USE ONLY
| |||||
| 4. | Citizenship or Place of Organization
Washington | |||||
| Number of Shares Beneficially Owned by Each Reporting Person With:
| 5. | Sole Voting Power
100,309 | ||||
| 6. | Shared Voting Power
Not applicable. | |||||
| 7. | Sole Dispositive Power
100,309 | |||||
| 8. | Shared Dispositive Power
Not applicable. | |||||
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person
100,309 shares | |||||
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (see instructions) ¨
| |||||
| 11. | Percent of Class Represented by Amount in Row 9
0.9%(2) | |||||
| 12. | Type of Reporting Person (see instructions)
OO | |||||
| Item 1(a). | Name of Issuer: Blue Nile, Inc. | |
| Item 1(b). | Address of Issuers Principal Executive Offices: 411 First Avenue South, Suite 700, Seattle, Washington, 98104 | |
| Item 2(a). | Name of Person Filing:
(i) Mark Vadon
(ii) Lake Tana LLC
(iii) MVHF, LLC | |
| Item 2(b). | Address of Principal Business Office or, if none, Residence: The address and principal business office of the Reporting Person is:
1201 Western Ave., Suite 406 Seattle, WA 98101 | |
| Item 2(c). | Citizenship: Mr. Vadon is a United States citizen. Lake Tana LLC and MVHF, LLC are organized under the laws of the State of Washington. | |
| Item 2(d). | Title of Class of Securities: Common Stock | |
| Item 2(e). | CUSIP Number: 09578R103 | |
| Item 3. | If this statement is filed pursuant to §§240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a: | |
| (a) | ¨ | Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o); | ||||||
| (b) | ¨ | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); | ||||||
| (c) | ¨ | Insurance company as defined in section 3(a)19) of the Act (15 U.S.C. 78c); | ||||||
| (d) | ¨ | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); | ||||||
| (e) | ¨ | An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); | ||||||
| (f) | ¨ | An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); | ||||||
| (g) | ¨ | A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); | ||||||
| (h) | ¨ | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); | ||||||
| (i) | ¨ | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); | ||||||
| (j) | ¨ | A non-U.S. institution in accordance with §240.13d1(b)(1)(ii)(J); | ||||||
| (k) | ¨ | Group, in accordance with §240.13d1(b)(1)(ii)(K). | ||||||
| If filing as a non-U.S. institution in accordance with §240.13d1(b)(1)(ii)(J), please specify the type of institution: | ||||||||
| Item 4. | Ownership |
Provide the following information regarding the aggregate number and percentage of the class of securities of the Issuer identified in Item 1.
| (a) | Amount Beneficially Owned: 580,509 shares(1) | |||||
| (b) | Percent of Class: 5.0%(2) | |||||
| (c) | Number of shares as to which the person has: | |||||
| (i) | Sole power to vote or to direct the vote: | |||||
| (1) Mr. Vadon: 580,509 shares(1) | ||||||
| (2) Lake Tana LLC: 387,000 shares | ||||||
| (3) MVHF, LLC: 100,309 shares | ||||||
| (ii) | Shared power to vote or to direct the vote: | |||||
| Not applicable. | ||||||
| (iii) | Sole power to dispose or to direct the disposition of: | |||
| (1) Mr. Vadon: 580,509 shares(1) | ||||
| (2) Lake Tana LLC: 387,000 shares | ||||
| (3) MVHF, LLC: 100,309 shares | ||||
| (iv) | Shared power to dispose or to direct the disposition of: | |||
| Not applicable. | ||||
| Item 5. | Ownership of 5 Percent or Less of a Class |
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following ¨.
| Item 6. | Ownership of More than 5 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 or Control Person. |
Not applicable.
| Item 8. | Identification and Classification of Members of the Group |
Not applicable.
| Item 9. | Notice of Dissolution of a Group |
Not applicable.
| Item 10. | Certification |
Not applicable.
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.
| /s/ Mark Vadon |
| Mark Vadon |
| June 28, 2016 |
| Date |
| Lake Tana LLC |
| /s/ Mark Vadon |
| Mark Vadon, Manager |
| June 28, 2016 |
| Date |
| MVHF, LLC |
| /s/ Mark Vadon |
| Mark Vadon, Manager |
| June 28, 2016 |
| Date |