LNKD Linkedin Corp. Class A

As filed with the Securities and Exchange Commission on February 12, 2016

Registration No. 333-     

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM S-8

 

REGISTRATION STATEMENT

Under

The Securities Act of 1933

 

 

LinkedIn Corporation

(Exact name of Registrant as specified in its charter)

 

 

 

2029 Stierlin Court
Mountain View, California 94043

(Address of principal executive offices, including zip code)

 

 

LinkedIn Corporation 2011 Equity Incentive Plan

(amended and restated as of June 3, 2015)

(Full title of the plan)

 

 

Michael J. Callahan, Esq. Lora D. Blum, Esq.
LinkedIn Corporation
2029 Stierlin Court
Mountain View, California 94043
(650) 687-3600
(Name, address and telephone number, including area code, of agent for service)

 

 

Copies to:
Katharine A. Martin, Esq. Lisa L. Stimmell, Esq. Wilson Sonsini Goodrich & Rosati Professional Corporation 650 Page Mill Road Palo Alto, California 94304 (650) 493-9300

 

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.  See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer	x	Accelerated filer o
Non-accelerated filer	o (do not check if a smaller reporting company)	Smaller reporting company o

 

CALCULATION OF REGISTRATION FEE
Title of Securities to be Registered		Amount to be Registered (1)		Proposed Maximum Offering Price Per Share			Proposed Maximum Aggregate Offering Price			Amount of Registration Fee
Class A common stock, $0.0001 par value per share, to be issued under the LinkedIn Corporation 2011 Equity Incentive Plan (amended and restated as of June 3, 2015) (the “2011 Plan”)		6,602,445	(2)	$	101.51	(3)	$	670,214,191.95		$	67,490.57
TOTAL:		6,602,445		N/A			$	670,214,191.95		$	67,490.57

(1)            Pursuant to Rule 416(a) of the Securities Act of 1933, as amended, this Registration Statement shall also cover any additional shares of the Registrant’s Class A common stock that become issuable under the 2011 Plan by reason of any stock dividend, stock split, recapitalization or other similar transaction effected without receipt of consideration that increases the number of the Registrant’s outstanding shares of Class A common stock.

(2)            Reflects an automatic increase to the number of shares of the Registrant’s Class A common stock reserved for issuance pursuant to future awards under the 2011 Plan, which annual increase is provided for in the 2011 Plan.

(3)            Estimated in accordance with Rule 457(c) and (h) of the Securities Act solely for the purpose of calculating the registration fee on the basis of $101.51 per share, which is the average of the high and low prices of the Registrant’s Class A common stock, as reported on the New York Stock Exchange, on February 11, 2016.

 

 

 

PART II

 

INFORMATION REQUIRED IN REGISTRATION STATEMENT

 

Item 3.  Incorporation of Documents by Reference.

 

LinkedIn Corporation (the “Registrant”) hereby incorporates by reference into this Registration Statement the following documents previously filed with the Securities and Exchange Commission (the “Commission”):

 

(a) The Registrant’s Annual Report on Form 10-K for the fiscal year ended December 31, 2015, filed with the Commission on February 12, 2016;

 

(b) All other reports filed pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) since the end of the fiscal year covered by the Registrant’s Annual Report referred to in (a) above; and

 

(c) The description of the Registrant’s Class A common stock contained in the Registrant’s Registration Statement on Form 8-A (File No. 001-35168) filed with the Commission on May 9, 2011, pursuant to Section 12(b) of the Exchange Act, including any amendment or report filed for the purpose of updating such description.

 

All documents filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act on or after the date of this Registration Statement and prior to the filing of a post-effective amendment to this Registration Statement that indicates that all securities offered have been sold or that deregisters all securities then remaining unsold shall be deemed to be incorporated by reference in this Registration Statement and to be part hereof from the date of filing of such documents; provided, however, that documents or information deemed to have been furnished and not filed in accordance with the rules of the Commission shall not be deemed incorporated by reference into this Registration Statement.  Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any subsequently filed document which also is deemed to be incorporated by reference herein modifies or supersedes such statement.  Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.

 

Item 4.  Description of Securities.

 

Not applicable.

 

Item 5.  Interests of Named Experts and Counsel.

 

Not applicable.

 

Item 6.  Indemnification of Directors and Officers.

 

Section 145 of the General Corporation Law of the State of Delaware authorizes a corporation’s board of directors to grant, and authorizes a court to award, indemnity to officers, directors and other corporate agents under certain circumstances.

 

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As permitted by Section 102(b)(7) of the General Corporation Law of the State of Delaware, the Registrant’s Amended and Restated Certificate of Incorporation, as currently in effect, provides that the Registrant will indemnify its directors and officers, and may indemnify its employees and other agents, to the fullest extent permitted by the General Corporation Law of the State of Delaware.  If the General Corporation Law of the State of Delaware is amended to authorize corporate action further eliminating or limiting the personal liability of a director, then the liability of the Registrant’s directors will be eliminated or limited to the fullest extent permitted by General Corporation Law of the State of Delaware, as so amended.

 

In addition, as permitted by Section 145 of the General Corporation Law of the State of Delaware, the Amended and Restated Bylaws of the Registrant, as currently in effect, provide that:

 

·                  The Registrant shall indemnify its directors and officers for serving the Registrant in those capacities or for serving other business enterprises at the registrant’s request, to the fullest extent permitted by the General Corporation Law of the State of Delaware.  The General Corporation Law of the State of Delaware provides that a corporation may indemnify such person if such person acted in good faith and in a manner such person reasonably believed to be in or not opposed to the best interests of the Registrant and, with respect to any criminal proceeding, had no reasonable cause to believe such person’s conduct was unlawful.

 

·                  The Registrant will, as applicable, and may, in its discretion, indemnify employees and agents in those circumstances where indemnification is required or permitted, respectively, by applicable law.

 

·                  The Registrant is required to advance expenses, as incurred, to its directors and officers in connection with defending a proceeding, except that such director or officer shall undertake to repay such advances if it is ultimately determined that such person is not entitled to indemnification.

 

·                  The Registrant will not be obligated pursuant to the bylaws to indemnify a person with respect to proceedings initiated by that person, except with respect to proceedings authorized by the Registrant’s board of directors or brought to enforce a right to indemnification.

 

·                  The rights conferred in the bylaws are not exclusive, and the Registrant is authorized to enter into indemnification agreements with its directors, officers, employees and agents and to obtain insurance to indemnify such persons.

 

·                  The Registrant may not retroactively amend the bylaw provisions to reduce its indemnification obligations to directors, officers, employees and agents.

 

In addition, the Registrant’s practice is to enter into separate indemnification agreements with each of its directors and officers that require the Registrant to indemnify its directors and officers, to the maximum extent permitted by applicable law, and also provide for certain procedural protections.

 

The indemnification obligations described above may be sufficiently broad to permit the indemnification of the Registrant’s directors and officers for liabilities (including reimbursement for expenses incurred) arising under the Securities Act of 1933, as amended (the “Securities Act”).

 

Item 7.  Exemption from Registration Claimed.

 

Not applicable.

 

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Item 8.  Exhibits.

 

Exhibit				Incorporated by Reference
Number		Exhibit Description		Form		File No.		Exhibit		Filing Date
4.1*		Form of LinkedIn Corporation’s Class A Common Stock Certificate		S-1/A		333-171903		4.1		May 9, 2011
5.1		Opinion of Wilson Sonsini Goodrich & Rosati, Professional Corporation
10.1		LinkedIn Corporation 2011 Equity Incentive Plan (amended and restated as of June 3, 2015)		8-K		001-35168		10.1		June 4, 2015
23.1		Consent of Deloitte & Touche LLP, Independent Registered Public Accounting Firm
23.2		Consent of Wilson Sonsini Goodrich & Rosati, Professional Corporation (contained in Exhibit 5.1 hereto)
24.1		Power of Attorney (contained on signature page hereto)

 

*                   Incorporated by reference to the exhibit filed with the Registrant’s Registration Statement on Form S-1, as amended (Registration No. 333-171903), as declared effective on May 18, 2011.

 

Item 9.  Undertakings.

 

A.  The undersigned Registrant hereby undertakes:

 

(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:

 

(i) To include any prospectus required by Section 10(a)(3) of the Securities Act;

 

(ii) To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement.  Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20% change in the maximum aggregate offering price set forth in the “Calculation of Registration Fee” table in the effective registration statement;

 

(iii) To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement.

 

Provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in this registration statement.

 

(2) That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

 

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(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.

 

B. The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the registrant’s annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan’s annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

 

C. Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable.  In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Act of 1933, as amended, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Mountain View, State of California, on the 12th day of February, 2016.

 

	LINKEDIN CORPORATION
	By:	/s/ Jeffrey Weiner
		Jeffrey Weiner
		Chief Executive Officer

 

POWER OF ATTORNEY

 

KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Steven Sordello and Michael Callahan, jointly and severally, as his or her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign the Registration Statement on Form S-8 of LinkedIn Corporation, and any or all amendments (including post-effective amendments) thereto, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents full power and authority to do and perform each and every act and thing requisite or necessary to be done in and about the premises hereby ratifying and confirming all that said attorneys-in-fact and agents, or his, her or their substitute or substitutes, may lawfully do or cause to be done by virtue hereof.

 

Pursuant to the requirements of the Securities Act of 1933, this Registration Statement on Form S-8 has been signed by the following persons in the capacities and on the dates indicated.

 

Signature		Title		Date
/s/ Jeffrey Weiner		Chief Executive Officer and Director		February 12, 2016
Jeffrey Weiner		(principal executive officer)
		Senior Vice President and		February 12, 2016
/s/ Steven Sordello		Chief Financial Officer
Steven Sordello		(principal financial officer)
		Vice President, Corporate Controller		February 12, 2016
/s/ Susan Taylor		and Chief Accounting Officer
Susan Taylor		(principal accounting officer)
/s/ A. George “Skip” Battle		Director		February 12, 2016
A. George “Skip” Battle
/s/ Reid Hoffman		Chair of the Board of Directors		February 12, 2016
Reid Hoffman
/s/ Leslie Kilgore		Director		February 12, 2016
Leslie Kilgore
/s/ Stanley Meresman		Director		February 12, 2016
Stanley Meresman
/s/ Michael Moritz		Director		February 12, 2016
Michael Moritz
/s/ David Sze		Director		February 12, 2016
David Sze

 

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INDEX TO EXHIBITS

 

Exhibit				Incorporated by Reference
Number		Exhibit Description		Form		File No.		Exhibit		Filing Date
4.1*		Form of LinkedIn Corporation’s Class A Common Stock Certificate		S-1/A		333-171903		4.1		May 9, 2011
5.1		Opinion of Wilson Sonsini Goodrich & Rosati, Professional Corporation
10.1		LinkedIn Corporation 2011 Equity Incentive Plan (amended and restated as of June 3, 2015)		8-K		001-35168		10.1		June 4, 2015
23.1		Consent of Deloitte & Touche LLP, Independent Registered Public Accounting Firm
23.2		Consent of Wilson Sonsini Goodrich & Rosati, Professional Corporation (contained in Exhibit 5.1 hereto)
24.1		Power of Attorney (contained on signature page hereto)

 

*                   Incorporated by reference to the exhibit filed with the Registrant’s Registration Statement on Form S-1, as amended (Registration No. 333-171903), as declared effective on May 18, 2011.

 

EXHIBIT 5.1

 

February 11, 2016

 

LinkedIn Corporation

2029 Stierlin Court
Mountain View, California 94043

 

Re:       Registration Statement on Form S-8

 

Ladies and Gentlemen:

 

We have examined the Registration Statement on Form S-8 (the “Registration Statement”) to be filed by LinkedIn Corporation, a Delaware corporation, with the Securities and Exchange Commission on or about February 12, 2016, in connection with the registration under the Securities Act of 1933, as amended (the “Securities Act”), of an aggregate of up to 6,602,445 shares of Class A common stock, $0.0001 par value per share, of LinkedIn Corporation (the “Shares”) that are to be issued pursuant to the LinkedIn Corporation 2011 Equity Incentive Plan (amended and restated June 3, 2015) (the “Plan”). As your legal counsel, we have examined the proceedings taken and are familiar with the actions proposed to be taken by you in connection with the issuance and sale of the Shares under the Plan and pursuant to the agreements related thereto.

 

On the basis of the foregoing, and in reliance thereon, we are of the opinion that the Shares, when issued and sold in the manner referred to in the Plan and pursuant to the agreements that accompany the Plan, will be legally and validly issued, fully paid, and nonassessable.

 

We consent to the use of this opinion as an exhibit to the Registration Statement and further consent to the use of our name wherever appearing in the Registration Statement and any amendments thereto.

 

Very truly yours,

 

/s/ Wilson Sonsini Goodrich & Rosati, Professional Corporation

 

WILSON SONSINI GOODRICH & ROSATI
Professional Corporation

 

EXHIBIT 23.1

 

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

 

We consent to the incorporation by reference in this Registration Statement on Form S-8 of our reports dated February 11, 2016, relating to the consolidated financial statements of LinkedIn Corporation and its subsidiaries (collectively, the “Company”), and the effectiveness of the Company’s internal control over financial reporting appearing in the Annual Report on Form 10-K of LinkedIn Corporation for the year ended December 31, 2015.

 

/s/ DELOITTE & TOUCHE LLP

 

San Jose, California
February 11, 2016