SC 13G/A 1 sc13ga1_powerdsine.txt AMENDMENT NO. 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Information Statement Pursuant to Rules 13d-1 and 13d-2 Under the Securities Exchange Act of 1934 (Amendment No. 1)* POWERDSINE LTD. (Name of Issuer) ORDINARY SHARES, PAR VALUE NIS 0.01 PER SHARE (Title of Class of Securities) M41415106 (CUSIP Number) JANUARY 9, 2007 (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) [_] Rule 13d-1(c) [X] Rule 13d-1(d) *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). CUSIP NO. M41415106 SCHEDULE 13G Page 2 of 18 -------------------------------------------------------------------------------- NAME OF REPORTING PERSON 1. I.R.S. IDENTIFICATION NO. OF ABOVE PERSON General Atlantic LLC (formerly known as General Atlantic Partners, LLC) -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [X] -------------------------------------------------------------------------------- 3. SEC USE ONLY -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware -------------------------------------------------------------------------------- 5. SOLE VOTING POWER NUMBER OF -0- ------------------------------------------------ SHARES 6. SHARED VOTING POWER BENEFICIALLY OWNED -0- ------------------------------------------------ BY EACH REPORTING 7. SOLE DISPOSITIVE POWER PERSON -0- ------------------------------------------------ WITH 8. SHARED DISPOSITIVE POWER -0- -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0- -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [_] -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.00% -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON OO -------------------------------------------------------------------------------- CUSIP NO. M41415106 SCHEDULE 13G Page 3 of 18 -------------------------------------------------------------------------------- NAME OF REPORTING PERSON 1. I.R.S. IDENTIFICATION NO. OF ABOVE PERSON GAP (Bermuda) Limited -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [X] -------------------------------------------------------------------------------- 3. SEC USE ONLY -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Bermuda -------------------------------------------------------------------------------- 5. SOLE VOTING POWER NUMBER OF -0- ------------------------------------------------ SHARES 6. SHARED VOTING POWER BENEFICIALLY OWNED -0- ------------------------------------------------ BY EACH REPORTING 7. SOLE DISPOSITIVE POWER PERSON -0- ------------------------------------------------ WITH 8. SHARED DISPOSITIVE POWER -0- -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0- -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [_] -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.00% -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON CO -------------------------------------------------------------------------------- CUSIP NO. M41415106 SCHEDULE 13G Page 4 of 18 -------------------------------------------------------------------------------- NAME OF REPORTING PERSON 1. I.R.S. IDENTIFICATION NO. OF ABOVE PERSON General Atlantic Partners 78, L.P. -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [X] -------------------------------------------------------------------------------- 3. SEC USE ONLY -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware -------------------------------------------------------------------------------- 5. SOLE VOTING POWER NUMBER OF -0- ------------------------------------------------ SHARES 6. SHARED VOTING POWER BENEFICIALLY OWNED -0- ------------------------------------------------ BY EACH REPORTING 7. SOLE DISPOSITIVE POWER PERSON -0- ------------------------------------------------ WITH 8. SHARED DISPOSITIVE POWER -0- -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0- -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [_] -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.00% -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON PN -------------------------------------------------------------------------------- CUSIP NO. M41415106 SCHEDULE 13G Page 5 of 18 -------------------------------------------------------------------------------- NAME OF REPORTING PERSON 1. I.R.S. IDENTIFICATION NO. OF ABOVE PERSON General Atlantic Parnters (Bermuda), L.P. -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [X] -------------------------------------------------------------------------------- 3. SEC USE ONLY -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Bermuda -------------------------------------------------------------------------------- 5. SOLE VOTING POWER NUMBER OF -0- ------------------------------------------------ SHARES 6. SHARED VOTING POWER BENEFICIALLY OWNED -0- ------------------------------------------------ BY EACH REPORTING 7. SOLE DISPOSITIVE POWER PERSON -0- ------------------------------------------------ WITH 8. SHARED DISPOSITIVE POWER -0- -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0- -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [_] -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.00% -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON PN -------------------------------------------------------------------------------- CUSIP NO. M41415106 SCHEDULE 13G Page 6 of 18 -------------------------------------------------------------------------------- NAME OF REPORTING PERSON 1. I.R.S. IDENTIFICATION NO. OF ABOVE PERSON GapStar, LLC -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [X] -------------------------------------------------------------------------------- 3. SEC USE ONLY -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware -------------------------------------------------------------------------------- 5. SOLE VOTING POWER NUMBER OF -0- ------------------------------------------------ SHARES 6. SHARED VOTING POWER BENEFICIALLY OWNED -0- ------------------------------------------------ BY EACH REPORTING 7. SOLE DISPOSITIVE POWER PERSON -0- ------------------------------------------------ WITH 8. SHARED DISPOSITIVE POWER -0- -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0- -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [_] -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.00% -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON OO -------------------------------------------------------------------------------- CUSIP NO. M41415106 SCHEDULE 13G Page 7 of 18 -------------------------------------------------------------------------------- NAME OF REPORTING PERSON 1. I.R.S. IDENTIFICATION NO. OF ABOVE PERSON GAP-W International, L.P. -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [X] -------------------------------------------------------------------------------- 3. SEC USE ONLY -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Bermuda -------------------------------------------------------------------------------- 5. SOLE VOTING POWER NUMBER OF -0- ------------------------------------------------ SHARES 6. SHARED VOTING POWER BENEFICIALLY OWNED -0- ------------------------------------------------ BY EACH REPORTING 7. SOLE DISPOSITIVE POWER PERSON -0- ------------------------------------------------ WITH 8. SHARED DISPOSITIVE POWER -0- -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0- -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [_] -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.00% -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON PN -------------------------------------------------------------------------------- CUSIP NO. M41415106 SCHEDULE 13G Page 8 of 18 -------------------------------------------------------------------------------- NAME OF REPORTING PERSON 1. I.R.S. IDENTIFICATION NO. OF ABOVE PERSON GAPCO GmbH & Co. KG -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [X] -------------------------------------------------------------------------------- 3. SEC USE ONLY -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Germany -------------------------------------------------------------------------------- 5. SOLE VOTING POWER NUMBER OF -0- ------------------------------------------------ SHARES 6. SHARED VOTING POWER BENEFICIALLY OWNED -0- ------------------------------------------------ BY EACH REPORTING 7. SOLE DISPOSITIVE POWER PERSON -0- ------------------------------------------------ WITH 8. SHARED DISPOSITIVE POWER -0- -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0- -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [_] -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.00% -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON PN -------------------------------------------------------------------------------- CUSIP NO. M41415106 SCHEDULE 13G Page 9 of 18 -------------------------------------------------------------------------------- NAME OF REPORTING PERSON 1. I.R.S. IDENTIFICATION NO. OF ABOVE PERSON GAPCO Management GmbH -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [X] -------------------------------------------------------------------------------- 3. SEC USE ONLY -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Germany -------------------------------------------------------------------------------- 5. SOLE VOTING POWER NUMBER OF -0- ------------------------------------------------ SHARES 6. SHARED VOTING POWER BENEFICIALLY OWNED -0- ------------------------------------------------ BY EACH REPORTING 7. SOLE DISPOSITIVE POWER PERSON -0- ------------------------------------------------ WITH 8. SHARED DISPOSITIVE POWER -0- -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0- -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [_] -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.00% -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON CO -------------------------------------------------------------------------------- CUSIP NO. M41415106 SCHEDULE 13G Page 10 of 18 -------------------------------------------------------------------------------- NAME OF REPORTING PERSON 1. I.R.S. IDENTIFICATION NO. OF ABOVE PERSON GAP Coinvestments III, LLC -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [X] -------------------------------------------------------------------------------- 3. SEC USE ONLY -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware -------------------------------------------------------------------------------- 5. SOLE VOTING POWER NUMBER OF -0- ------------------------------------------------ SHARES 6. SHARED VOTING POWER BENEFICIALLY OWNED -0- ------------------------------------------------ BY EACH REPORTING 7. SOLE DISPOSITIVE POWER PERSON -0- ------------------------------------------------ WITH 8. SHARED DISPOSITIVE POWER -0- -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0- -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [_] -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.00% -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON OO -------------------------------------------------------------------------------- CUSIP NO. M41415106 SCHEDULE 13G Page 11 of 18 -------------------------------------------------------------------------------- NAME OF REPORTING PERSON 1. I.R.S. IDENTIFICATION NO. OF ABOVE PERSON GAP Coinvestments IV, LLC -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [X] -------------------------------------------------------------------------------- 3. SEC USE ONLY -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware -------------------------------------------------------------------------------- 5. SOLE VOTING POWER NUMBER OF -0- ------------------------------------------------ SHARES 6. SHARED VOTING POWER BENEFICIALLY OWNED -0- ------------------------------------------------ BY EACH REPORTING 7. SOLE DISPOSITIVE POWER PERSON -0- ------------------------------------------------ WITH 8. SHARED DISPOSITIVE POWER -0- -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0- -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [_] -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.00% -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON OO -------------------------------------------------------------------------------- CUSIP NO. M41415106 SCHEDULE 13G Page 12 of 18 Pursuant to Rule 13d-2(b) of Regulation 13D of the General Rules and Regulations under the Act, the undersigned hereby amend their Schedule 13G Statement dated February 14, 2005 relating to the ordinary shares, par value NIS 0.01 per share (the "Ordinary Shares"), of PowerDsine Ltd. ITEM 1. No material change. ITEM 2. (a) Name of Person Filing: General Atlantic LLC (formerly known as General Atlantic Partners, LLC) ("GA") GAP (Bermuda) Limited ("GA GenPar") General Atlantic Partners 78, L.P. ("GAP 78") General Atlantic Partners (Bermuda), L.P. ("GAP Bermuda") GapStar, LLC ("GapStar") GAP-W International, L.P. ("GAP-W") GAPCO GmbH & Co. KG ("KG") GAPCO Management GmbH ("GmbH") GAP Coinvestments III, LLC ("GAPCO III") GAP Coinvestments, IV, LLC ("GAPCO IV" and together with GA, GA GenPar, GAP 78, GAP Bermuda, GapStar, GAP-W, KG, GmbH, GAPCO III, the "Reporting Persons") (b) No material change. (c) Citizenship: GA -- Delaware GA GenPar -- Bermuda GAP 78 -- Delaware GAP Bermuda -- Bermuda GapStar -- Delaware GAP-W -- Bermuda KG -- Germany GmbH -- Germany GAPCO III -- Delaware GAPCO IV -- Delaware (d) No material change. CUSIP NO. M41415106 SCHEDULE 13G Page 13 of 18 (e) No material change. ITEM 3. Not applicable. ITEM 4. OWNERSHIP. For each Reporting Person: (a) Amount beneficially owned: 0 (b) Percent of class: 0.0% (c) Number of Shares as to which such person has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of: 0 ITEM 5. OWNERSHIP OF FIVE 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 five percent of the class of securities, check the following [X]. ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON Not applicable. ITEM 7. IDENTIFICATION AND CLASSIFICATION OF SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY Not applicable. CUSIP NO. M41415106 SCHEDULE 13G Page 14 of 18 ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP See Exhibit 99.1 attached hereto. ITEM 9. NOTICE OF DISSOLUTION OF GROUP Not applicable. ITEM 10. CERTIFICATION Not applicable. CUSIP NO. M41415106 SCHEDULE 13G Page 15 of 18 SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct. Dated as of January 29, 2007 GENERAL ATLANTIC LLC By: /s/ Matthew Nimetz --------------------------------------- Name: Matthew Nimetz Title: Managing Director GAP (BERMUDA) LIMITED By: /s/ Matthew Nimetz --------------------------------------- Name: Matthew Nimetz Title: Vice President GENERAL ATLANTIC PARTNERS 78, L.P. By: General Atlantic LLC, its General Partner By: /s/ Matthew Nimetz ---------------------------------- Name: Matthew Nimetz Title: Managing Director GENERAL ATLANTIC PARTNERS (BERMUDA), L.P. By: GAP (Bermuda) Limited, its General Partner By: /s/ Matthew Nimetz ---------------------------------- Name: Matthew Nimetz Title: Vice President CUSIP NO. M41415106 SCHEDULE 13G Page 16 of 18 GAPSTAR, LLC By: General Atlantic LLC, its Sole Member By: /s/ Matthew Nimetz --------------------------------------- Name: Matthew Nimetz Title: Managing Director GAP-W INTERNATIONAL, L.P. By: GAP (Bermuda) Limited, its General Partner By: /s/ Matthew Nimetz ---------------------------------- Name: Matthew Nimetz Title: Vice President GAPCO GMBH & CO. KG By: GAPCO Management GmbH, its General Partner By: /s/ Matthew Nimetz --------------------------------- Name: Matthew Nimetz Title: Managing Director GAPCO MANAGEMENT GMBH By: /s/ Matthew Nimetz --------------------------------------- Name: Matthew Nimetz Title: Managing Director CUSIP NO. M41415106 SCHEDULE 13G Page 17 of 18 GAP COINVESTMENTS III, LLC By: /s/ Matthew Nimetz --------------------------------------- Name: Matthew Nimetz Title: A Managing Member GAP COINVESTMENTS IV, LLC By: /s/ Matthew Nimetz --------------------------------------- Name: Matthew Nimetz Title: A Managing Member CUSIP NO. M41415106 SCHEDULE 13G Page 18 of 18 EXHIBIT INDEX ------------- Exhibit 99.1 Identity of Members of Group Exhibit 99.2 Joint Filing Agreement, as required by Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended.