UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. ___)*
Liveperson, Inc.
______________________________________________________
(Name of Issuer)
Common Stock, No Par Value
______________________________________________________
(Title of Class of Securities)
538146101
____________________________________
(CUSIP Number)
Austin W. Marxe, 153 East 53rd Street, New York, NY 10022
(212) 207-6500
______________________________________________________
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
August 13, 2002
_________________________________________________________
(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 which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-I(b)(3) or (4), check the following
box _X__.
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) 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 the disclosures provided in a prior cover page.
The information required in the remainder of the 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).
SCHEDULE 13D
CUSIP No. 538146101 Page 2 of 5 Pages
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(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Special Situations Technology Fund, L.P.
F13-3937585
SST Advisers, L.L.C. F13-3937583
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) | |
(b) |X|
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(3) SEC USE ONLY
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(4) SOURCE OF FUNDS* 00
________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO 2(d)
OR 2(e) ____
_________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF (7) SOLE VOTING POWER See Marxe/Greenhouse
SHARES -------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER None
OWNED BY -------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER See Marxe/Greenhouse
REPORTING -------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER None
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(11) AGGREGATE AMOUNT BENEFICALLY OWNED BY EACH REPORTING PERSON
7,839,554
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(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
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(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
23%
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(14) TYPE OF REPORTING PERSON*
IV/IA
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SCHEDULE 13D
CUSIP No.538146101 Page 3 of 5 Pages
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(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Austin W. Marxe
David M. Greenhouse
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) | |
(b) |X|
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(3) SEC USE ONLY
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(4) SOURCE OF FUNDS* 00
________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO 2(d)
OR 2(e) ____
_________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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NUMBER OF (7) SOLE VOTING POWER 7,839,554
SHARES -------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER None
OWNED BY -------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER 7,839,554
REPORTING -------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER None
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(11) AGGREGATE AMOUNT BENEFICALLY OWNED BY EACH REPORTING PERSON
7,839,554
-----------------------------------------------------------------(12) CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
----------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
23%
---------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
IN
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Page 4 of 5 Pages
Item 1. Security and Issuer. This Schedule relates to the common stock
of Liveperson Inc. (the "Issuer"). The Issuer's principal
executive offices are located at 462 Seventh Avenue, 21st Floor,
New York NY, 10018
Item 2. Identity and Background. This Schedule is filed on behalf of (i)
Special Situations Technology Fund, L.P., a Delaware limited
partnership ("SST"); (ii) SST Advisers L.L.C., a Delaware limited
liability company ("SSTA"); (iii) Austin W. Marxe and (iv) David
Greenhouse. Each of the foregoing is hereinafter referred to,
individually, as a "Reporting Person" and, collectively, as the
"Reporting Persons."
The principal office and business address of the Reporting
Persons is 153 East 53rd Street, 55th floor, New York, NY 10022.
The principal business of SST is to invest in equity and equity
related securities. The principal business of SSTA is to act as
the general partner and investment adviser to SST. The principal
occupation of Austin W. Marxe and David Greenhouse, both of whom
are United States citizens, is to serve as officers, directors
and members or principal shareholders of the Adviser.
Neither the Fund, the Adviser, Austin W. Marxe nor David
Greenhouse, during the last 5 years, has been convicted in any
criminal proceeding or was or is subject to a judgment, decree or
final order enjoining future violations of, or prohibiting or
mandating activities subject to, Federal or state securities laws
or finding any violations with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration.
The Fund utilized available cash assets to purchase the
Securities.
Item 4. Purpose of the Transaction. The Reporting Persons have acquired
and are holding the Securities solely for investment purposes and
not with the purpose or the effect of changing or influencing
control of the Issuer. The Fund acquired the Securities in the
ordinary course of business and is holding such Securities for
the benefit of its third party investors.
Item 5. Interest in Securities of the Issuer. See pps. 2-3 of this
Schedule, setting forth the aggregate number and percentage of
the Securities beneficially owned by each Reporting Person, the
number of shares as to which there is sole or shared power to
vote, or to direct the vote, and sole or shared power to dispose
or to direct the disposition.
During the month of August 2002 SST acquired 1,079,400 common
shares and disposed of 10,000 common shares in open market
transactions.
No other trades occurred within the last 60 days.
Page 5 of 5 Pages
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer. See Item 2 and Item 4 of
this Schedule. Based on such Items. Messrs. Marxe and Greenhouse
maintain sole voting power and sole dispositive power with
respect to the Securities.
Item 7. Material to be Filed as Exhibits.
None
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.
August 23, 2002
Special Situations Technology Fund, L.P.
by: Austin Marxe, Managing Director
/s/ Austin W. Marxe
_____________________________
Special Situations Technology Fund, L.P.
by: Austin Marxe, Managing Director
/s/ Austin W. Marxe
_____________________________
SST Advisers, LLC
by: Austin Marxe, President and CEO
/s/ Austin W. Marxe
_____________________________
Austin W. Marxe
/s/ David Greenhouse
_____________________________
David Greenhouse