FORM 4
[ X ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

SEQUOIA CAPITAL X
2. Issuer Name and Ticker or Trading Symbol

Isilon Systems, Inc. [ ISLN ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      __ X __ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

C/O SEQUOIA CAPITAL, 3000 SAND HILL RD, BLDG 4-250
3. Date of Earliest Transaction (MM/DD/YYYY)

12/17/2010
(Street)

MENLO PARK, CA 94025
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

___ Form filed by One Reporting Person
_ X _ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   12/17/2010   12/17/2010   U    11651603   D $33.85   0   I   See footnote   (1)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Explanation of Responses:
( 1)  Represents 9,291,352 shares held by Sequoia Capital X, 999,345 shares held by Sequoia Capital X Principals Fund and 1,360,906 shares held by Sequoia Technology Partners X. SC X Management, LLC is the sole general partner of Sequoia Capital X and Sequoia Technology Partners X LP, and the managing member of Sequoia Capital X Principals Fund. As a result, SC X Management LLC may be deemed to share voting and dispositive power with respect to the shares of Common Stock held by Sequoia Capital X, Sequoia Technology Partners X LP and Sequoia Capital X Principals Fund. SC X Management LLC disclaims beneficial ownership of such securities except to the extent of its pecuniary interest therein.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
SEQUOIA CAPITAL X
C/O SEQUOIA CAPITAL
3000 SAND HILL RD, BLDG 4-250
MENLO PARK, CA 94025

X

SC X MANAGEMENT LLC
C/O SEQUOIA CAPITAL
3000 SAND HILL RD, BLDG 4-250
MENLO PARK, CA 94025

X

SEQUOIA CAPITAL X PRINCIPALS FUND LLC
C/O SEQUOIA CAPITAL
3000 SAND HILL RD, BLDG 4-250
MENLO PARK, CA 94025

X

SEQUOIA TECHNOLOGY PARTNERS X LP
C/O SEQUOIA CAPITAL
3000 SAND HILL RD, BLDG 4-250
MENLO PARK, CA 94025

X


Signatures
By Sequoia Capital X, By SC X Management, LLC, its General Partner By Douglas M Leone, its Managing Member, By Melinda Dunn as attorney-in-fact 12/21/2010
** Signature of Reporting Person Date

By Sequoia Capital X Principals Fund LLC, By SC X Management, LLC, its General Partner By Douglas M Leone, its Managing Member, By Melinda Dunn as attorney-in-fact 12/21/2010
** Signature of Reporting Person Date

By Sequoia Technology Partners X LP, By SC X Management, LLC, its General Partner By Douglas M Leone, its Managing Member, By Melinda Dunn as attorney-in-fact 12/21/2010
** Signature of Reporting Person Date

By SC X Management, LLC, By Douglas M Leone, its Managing Member, By Melinda Dunn as attorney-in-fact 12/21/2010
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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