------------------------------
OMB APPROVAL
------------------------------
OMB Number 3235-0145
Expires: February 28, 2009
Estimated average burden
hours per response .......14.5
------------------------------
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
Saba Software Inc.
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, Par Value $0.0001 per share
--------------------------------------------------------------------------------
(Title of Class of Securities)
784932600
--------------------------------------------------------------------------------
(CUSIP Number)
J. Niel Armstrong
ZF Partners, L.P.
One Ferry Building, Suite 255
San Francisco, CA 94114
415-677-1557
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
October 10, 2006
--------------------------------------------------------------------------------
(Date of Event which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition that is the subject of this Schedule 13D/A, and is
filing this schedule because of ss. 240.13D/A-1(e), 240.13D/A-1(f) or
240.13D/A-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 ss. 240.13D/A-7(b)
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 disclosures provided in a prior cover page.
The information required on 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 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).
POTENTIAL PERSONS WHO ARE TO 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.
CUSIP No. 784932600 13D/A Page 2 of 6 Pages
________________________________________________________________________________
1. Name of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
ZF Partners, LP FEIN: 35-2214127
________________________________________________________________________________
2. Check the Appropriate Box If a Member of a Group (See Instructions)
(a) [X]
(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
________________________________________________________________________________
7. Sole Voting Power
NUMBER OF 0
SHARES _________________________________________________________________
BENEFICIALLY 8. Shared Voting Power
OWNED BY 1,916,540
EACH _________________________________________________________________
REPORTING 9. Sole Dispositive Power
PERSON 0
WITH _________________________________________________________________
10. Shared Dispositive Power
1,916,540
________________________________________________________________________________
11. Aggregate Amount Beneficially Owned by Each Reporting Person
1,916,540
________________________________________________________________________________
12. Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) [_]
________________________________________________________________________________
13. Percent of Class Represented by Amount in Row (11)
6.7% (1)
________________________________________________________________________________
14. Type of Reporting Person (See Instructions)
PN
________________________________________________________________________________
(1) Calculated based upon 28,583,607 shares of Common Stock outstanding as of
September 28, 2006, as reported by the Issuer on its Form 10-K/A for the period
ended August 31, 2006.
CUSIP No. 784932600 13D/A Page 3 of 6 Pages
________________________________________________________________________________
1. Name of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
ZF Ventures, L.L.C. FEIN: 37-1473537
________________________________________________________________________________
2. Check the Appropriate Box If a Member of a Group (See Instructions)
(a) [X]
(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
________________________________________________________________________________
7. Sole Voting Power
NUMBER OF 0
SHARES _________________________________________________________________
BENEFICIALLY 8. Shared Voting Power
OWNED BY 1,916,540
EACH _________________________________________________________________
REPORTING 9. Sole Dispositive Power
PERSON 0
WITH _________________________________________________________________
10. Shared Dispositive Power
1,916,540
________________________________________________________________________________
11. Aggregate Amount Beneficially Owned by Each Reporting Person
1,916,540
________________________________________________________________________________
12. Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) [_]
________________________________________________________________________________
13. Percent of Class Represented by Amount in Row (11)
6.7% (1)
________________________________________________________________________________
14. Type of Reporting Person (See Instructions)
OO
________________________________________________________________________________
(1) Calculated based upon 28,583,607 shares of Common Stock outstanding as of
September 28, 2006, as reported by the Issuer on its Form 10-K/A for the period
ended August 31, 2006.
CUSIP No. 784932600 13D/A Page 4 of 6 Pages
________________________________________________________________________________
1. Name of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
SLF Partners, LLC FEIN: 20-0183973
________________________________________________________________________________
2. Check the Appropriate Box If a Member of a Group (See Instructions)
(a) [X]
(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
________________________________________________________________________________
7. Sole Voting Power
NUMBER OF 0
SHARES _________________________________________________________________
BENEFICIALLY 8. Shared Voting Power
OWNED BY 1,916,540
EACH _________________________________________________________________
REPORTING 9. Sole Dispositive Power
PERSON 0
WITH _________________________________________________________________
10. Shared Dispositive Power
1,916,540
________________________________________________________________________________
11. Aggregate Amount Beneficially Owned by Each Reporting Person
1,916,540
________________________________________________________________________________
12. Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) [_]
________________________________________________________________________________
13. Percent of Class Represented by Amount in Row (11)
6.7% (1)
________________________________________________________________________________
14. Type of Reporting Person (See Instructions)
OO
________________________________________________________________________________
(1) Calculated based upon 28,583,607 shares of Common Stock outstanding as of
September 28, 2006, as reported by the Issuer on its Form 10-K/A for the period
ended August 31, 2006.
CUSIP No. 784932600 13D/A Page 5 of 6 Pages
This Amendment No. 3 to Schedule 13D relates to the common stock, par value
$0.001 per share ("Common Stock"), of Saba Software, Inc., a Delaware
corporation (the "Issuer"). Issuer's principal executive office is located at
2400 Bridge Parkway, Redwood Shores, California 94065-1166. Capitalized terms
used herein and not otherwise defined herein shall have the meanings ascribed
to such terms in the Schedule 13D. Items 3 and 5 of the Schedule 13D are hereby
amended as follows:
ITEM 2. Item 2 (a) - (c) is hereby amended to reflect that:
ZF Partners, LP ("Purchaser") is a Delaware limited partnership. The
general partner of the Purchaser is ZF Ventures, L.L.C., a Delaware limited
liability company ("General Partner"). The managing member of the General
Partner is SLF Partners, LLC, a Delaware limited liability company
("SLF Partners").
The following "EGI Entities" are no longer reporting persons (as ZF Ventures,
L.L.C., the General Partner, is now managed solely by the managing member)
and are removed from the filing:
EGI-Fund (02-04) Investors, L.L.C.
EGI-Managing Member (02-04), L.L.C.
SZ Investments, L.L.C.
Chai Trust Company, L.L.C.
ITEM 3. Item 3 is hereby amended by appending the following thereto:
Between June 30, 2006 and October 10, 2006, Purchaser acquired an additional
420,500 shares of Common Stock in open market purchases in a price range of
$5.0854 to $5.20 per share, at an average purchase price of $5.1944 per share,
for a total purchase price of $2,184,251. The source of all such purchases was
Purchaser's working capital.
ITEM 5. Interest in Securities of Issuer - Items 5(a) and (b) are hereby
amended and restated in their entirety as follows:
(a) and (b) To the best knowledge of each of the Reporting Persons, there were
28,583,607 shares of Common Stock outstanding as of September 28, 2006, as
reported by the Issuer on its Form 10-K/A for the period ended August 31, 2006.
Purchaser and each of the other Reporting Persons share beneficial ownership
and dispositive and voting power of 1,916,540 shares of Common Stock,
representing 6.7% of Issuer's issued and outstanding Common Stock.
CUSIP No. 784932600 13D/A Page 6 of 6 Pages
SIGNATURES
After reasonable inquiry and to the best of each of the undersigned's knowledge
and belief, the undersigned certify that the information set forth in this
statement is true, complete and correct.
DATED: October 11, 2006
-ZF PARTNERS, LP
By: ZF Ventures, L.L.C., its general partner
By: SLF Partners, LLC, managing member
By: /s/ STEVEN L. FINGERHOOD
-------------------------------------
Steven L. Fingerhood, Member
- ZF VENTURES, L.L.C.
By: SLF Partners, LLC, managing member
By: /s/ STEVEN L. FINGERHOOD
-------------------------------------
Steven L. Fingerhood, Member
-SLF PARTNERS, LLC
By: /s/ STEVEN L. FINGERHOOD
-------------------------------------
Steven L. Fingerhood, Member
The original statement shall be signed by each person on whose behalf the
statement is filed or his authorized representative. If the statement is signed
on behalf of a person by his authorized representative (other than an executive
officer or general partner of the filing person), evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement: provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL
CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001)