SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Rule 13d-102
Under the Securities Exchange Act of 1934
(Amendment No. __)*
PlanetOut Inc.
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(Name of Issuer)
Common Stock, Par Value $0.001 Per Share
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(Title of Class of Securities)
727058109
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(CUSIP Number)
December 7, 2006
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(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)
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* 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 ("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).
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CUSIP No. 727058109
(1) Names and I.R.S. Identification Nos.(entities only) of reporting persons.
Allen & Company LLC
13-4193615
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(2) Check the appropriate box if a member of a group (see instructions)
(a)| | (b)|X|
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(3) SEC use only.
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(4) Citizenship or place of organization.
Delaware
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Number of shares beneficially owned by each reporting person with:
(5) Sole voting power: 0
(6) Shared voting power: 543,054
(7) Sole dispositive power: 0
(8) Shared dispositive power: 543,054
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(9) Aggregate amount beneficially owned by each reporting person.
543,054
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(10) Check if the aggregate amount in Row (9) excludes certain shares |_|
(see instructions).
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(11) Percent of class represented by amount in Row 9.
3.1%
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(12) Type of reporting person (see instructions).
BD
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CUSIP No. 727058109
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(1) Names and I.R.S. Identification Nos.(entities only) of reporting persons.
Allen SBH II, LLC
20-4193058
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(2) Check the appropriate box if a member of a group (see instructions)
(a)| | (b)|X|
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(3) SEC use only.
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(4) Citizenship or place of organization.
Delaware
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Number of shares beneficially owned by each reporting person with:
(5) Sole voting power: 0
(6) Shared voting power: 271,526
(7) Sole dispositive power: 0
(8) Shared dispositive power: 271,526
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(9) Aggregate amount beneficially owned by each reporting person.
271,526
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(10) Check if the aggregate amount in Row (9) excludes certain shares |_|
(see instructions).
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(11) Percent of class represented by amount in Row 9.
1.5%
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(12) Type of reporting person (see instructions).
OO
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CUSIP No. 727058109
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(1) Names and I.R.S. Identification Nos.(entities only) of reporting persons.
HAGC Partners L.P.
13-3788557
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(2) Check the appropriate box if a member of a group (see instructions)
(a)| | (b)|X|
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(3) SEC use only.
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(4) Citizenship or place of organization.
Delaware
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Number of shares beneficially owned by each reporting person with:
(5) Sole voting power: 0
(6) Shared voting power: 124,569
(7) Sole dispositive power: 0
(8) Shared dispositive power: 124,569
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(9) Aggregate amount beneficially owned by each reporting person.
124,569
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(10) Check if the aggregate amount in Row (9) excludes certain shares |_|
(see instructions).
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(11) Percent of class represented by amount in Row 9.
0.7%
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(12) Type of reporting person (see instructions).
PN
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CUSIP No. 727058109
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(1) Names and I.R.S. Identification Nos.(entities only) of reporting persons.
Allen III, Herbert A.
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(2) Check the appropriate box if a member of a group (see instructions)
(a)| | (b)|X|
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(3) SEC use only.
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(4) Citizenship or place of organization. USA
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Number of shares beneficially owned by each reporting person with:
(5) Sole voting power: 0
(6) Shared voting power: 939,149
(7) Sole dispositive power: 0
(8) Shared dispositive power: 939,149
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(9) Aggregate amount beneficially owned by each reporting person.
939,149
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(10) Check if the aggregate amount in Row (9) excludes certain shares |_|
(see instructions).
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(11) Percent of class represented by amount in Row 9.
5.3%
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(12) Type of reporting person (see instructions).
IN
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Item 1(a). Name of Issuer:
PlanetOut Inc. ("Issuer")
Item 1(b). Address of Issuer's Principal Executive Offices:
PlanetOut Inc.
1355 Sansome Street
San Francisco, CA 94111
Item 2(a). Name of Person Filing:
(i) Allen & Company LLC
(ii) Allen SBH II, LLC
(iii) HAGC Partners L.P.
(iv) Herbert A. Allen III
Item 2(b). Address or Principal Business Office or, If None, Residence:
(i) 711 Fifth Avenue, New York, NY 10022
(ii) 711 Fifth Avenue, New York, NY 10022
(iii) 711 Fifth Avenue, New York, NY 10022
(iv) 711 Fifth Avenue, New York, NY 10022
Item 2(c). Citizenship:
(i) Delaware
(ii) Delaware
(iii) Delaware
(iv) USA
Item 2(d). Title of Class of Securities:
Common Stock, Par Value $0.001 Per Share
Item 2(e). CUSIP No.: 727058109
Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 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
ss.240.13d-1(b)(1)(ii)(E);
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(f) |_| An employee benefit plan or endowment fund in accordance
with ss.240.13d-1(b)(1)(ii)(F);
(g) |_| A parent holding company or control person in accordance
with ss.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) |_| Group, in accordance with ss.240.13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Rule 13d-1(c),
check this box. |X|
Item 4. Ownership
(a) Amount beneficially owned:
939,149*
(b) Percent of class:
5.3%
(c) Number of shares as to which such person has:
(i) Sole power to direct the vote: 0
(ii) Shared power to direct the vote: 939,149*
(iii) Sole power to dispose or direct the disposition of: 0
(iv) Shared power to dispose or direct the disposition of: 939,149*
* The number of shares reported hereby excludes approximately 246,708 shares
that, to the Reporting Persons' knowledge, are held by certain officers and
employees of Allen & Company LLC, and their related parties.
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.
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Herbert A. Allen III, as President of Allen & Company LLC, as President of Allen
SBH II, LLC and as President of the general partner of HAGC Partners, L.P. may
be deemed to be a member of a group with such entities and to beneficially own
the shares held directly by each of such entities. Mr. Allen and such entities
disclaim that Mr. Allen and such entities constitute a group for purposes of
Rule 13d-5 of the Securities Exchange Act of 1934, as amended (the "Exchange
Act"). Further, Mr. Allen disclaims beneficial ownership of the shares of the
Issuer's common stock held by such entities except to the extent of his
pecuniary interest therein. The Reporting Persons have entered into a Joint
Filing Agreement, a copy of which is filed with this Schedule 13G as Exhibit 1,
pursuant to which the Reporting Persons have agreed to file this Schedule 13G
jointly in accordance with the provisions of Rule 13d-1(k) of the Exchange Act.
Item 9. Notice of Dissolution of Group.
Not applicable
Item 10. Certifications
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not
held for the purpose of or with the effect of changing or influencing
the control of the issuer of the securities and were not acquired and
are not held in connection with or as a participant in any transaction
having that purpose or effect.
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.
Allen & Company LLC
Date: December 18, 2006 /s/ Kim M. Wieland
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Name: Kim M. Wieland
Title: Chief Financial Officer
Allen SBH II, LLC
Date: December 18, 2006 /s/ Kim M. Wieland
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Name: Kim M. Wieland
Title: Chief Financial Officer
HAGC Partners L.P,
Date: December 18, 2006 /s/ Herbert A. Allen
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Name: Herbert A. Allen
Title: President of GP
Date: December 18, 2006 /s/ Herbert A. Allen III
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Name: Herbert A. Allen III
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SCHEDULE 13G
CUSIP NO. 727058109
Exhibit 1
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k) under the Securities Exchange Act of
1934, as amended, the undersigned agree to the joint filing on behalf of each of
them of a statement on Schedule 13G (including amendments thereto) with respect
to 880,548 shares of Common Stock of PlanetOut Inc. and further agree that this
Joint Filing Agreement shall be included as an exhibit to such joint filings.
The undersigned further agree that each party hereto is responsible for
the timely filing of such Schedule 13G and any amendments thereto, and for the
completeness and accuracy of the information concerning such party contained
therein; provided, however, that no party is responsible for the completeness or
accuracy of the information concerning any other party making the filing, unless
such party knows or has reason to believe that such information is inaccurate.
IN WITNESS WHEREOF, the parties have executed this Joint Filing
Agreement on December 18, 2006.
Allen & Company LLC
/s/ Kim M. Wieland
Name: Kim M. Wieland
Title: Chief Financial Officer
Allen SBH II, LLC
/s/ Kim M. Wieland
Name: Kim M. Wieland
Title: Chief Financial Officer
HAGC Partners L.P,
/s/ Herbert A. Allen
Name: Herbert A. Allen
Title: President of GP
/s/ Herbert A. Allen III
Name: Herbert A. Allen III
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