February 17 2009 SG-13A DOC

Note: PDF provided as a courtesy

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

_____________

SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)

K12 Inc.
_____________________________________________________________________________________________________
(Name of Issuer)

 

Common Stock, $0.0001 par value
_____________________________________________________________________________________________________
(Title of Class of Securities)

 

48273U102
__________________________________________________________________________
(CUSIP Number)

 

December 31, 2008
__________________________________________________________________________
(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.   48273U102

1.

Names of Reporting Persons

Mollusk Holdings, LLC

2.

Check the appropriate box if a member of a group

(a) ¨
(b) ¨

3.

SEC use only

4.

Citizenship or place of organization

California



NUMBER OF

5.

Sole voting power

1,928,863

SHARES
BENEFICIALLY
OWNED BY

6.

Shared voting power

0

EACH
REPORTING
PERSON

7.

Sole dispositive power

1,928,863

WITH

 

8.

Shared dispositive power

0

9.

Aggregate amount beneficially owned by each reporting person

1,928,863

10.

Check box if the aggregate amount in row (9) excludes certain shares ¨

11.

Percent of class represented by amount in row (9)

6.7% (1)

12.

Type of Reporting Person

OO (Limited Liability Company)

(1) Based on 28,822,198 shares of the issuer's Common Stock outstanding as of December 31, 2008, as reported in the issuer's Quarterly Report on Form 10-Q for the quarterly period ended December 31, 2008, filed on February 9, 2009.

(Page 2 of 10 Pages)


CUSIP No.   48273U102

1.

Names of Reporting Persons

Cephalopod Corporation

2.

Check the appropriate box if a member of a group

(a) ¨
(b) ¨

3.

SEC use only

4.

Citizenship or place of organization

California



NUMBER OF

5.

Sole voting power

1,928,863 (1)

SHARES
BENEFICIALLY
OWNED BY

6.

Shared voting power

0

EACH
REPORTING
PERSON

7.

Sole dispositive power

1,928,863 (1)

WITH

 

8.

Shared dispositive power

0

9.

Aggregate amount beneficially owned by each reporting person

1,928,863 (1)

10.

Check box if the aggregate amount in row (9) excludes certain shares ¨

11.

Percent of class represented by amount in row (9)

6.7% (2)

12.

Type of Reporting Person

CO

(1) Consists of 1,928,863 outstanding shares of Common Stock held by the reporting person as of December 31, 2008, all of which are held indirectly by the reporting person through Mollusk Holdings, LLC.

(2) Based on 28,822,198 shares of the issuer's Common Stock outstanding as of December 31, 2008, as reported in the issuer's Quarterly Report on Form 10-Q for the quarterly period ended December 31, 2008, filed on February 9, 2009.

(Page 3 of 10 Pages)


CUSIP No.   48273U102

1.

Names of Reporting Persons

Lawrence Investments, LLC

2.

Check the appropriate box if a member of a group

(a) ¨
(b) ¨

3.

SEC use only

4.

Citizenship or place of organization

California



NUMBER OF

5.

Sole voting power

1,928,863 (1)

SHARES
BENEFICIALLY
OWNED BY

6.

Shared voting power

0

EACH
REPORTING
PERSON

7.

Sole dispositive power

1,928,863 (1)

WITH

 

8.

Shared dispositive power

0

9.

Aggregate amount beneficially owned by each reporting person

1,928,863 (1)

10.

Check box if the aggregate amount in row (9) excludes certain shares ¨

11.

Percent of class represented by amount in row (9)

6.7% (2)

12.

Type of Reporting Person

OO (Limited Liability Company)

(1) Consists of 1,928,863 outstanding shares of Common Stock held by the reporting person as of December 31, 2008, all of which are held indirectly by the reporting person through Mollusk Holdings, LLC.

(2) Based on 28,822,198 shares of the issuer's Common Stock outstanding as of December 31, 2008, as reported in the issuer's Quarterly Report on Form 10-Q for the quarterly period ended December 31, 2008, filed on February 9, 2009.

(Page 4 of 10 Pages)


CUSIP No.   48273U102

1.

Names of Reporting Persons

Lawrence J. Ellison

2.

Check the appropriate box if a member of a group (a) ¨

(b) ¨

3.

SEC use only

4.

Citizenship or place of organization

U.S.A.



NUMBER OF

5.

Sole voting power

1,928,863 (1)

SHARES
BENEFICIALLY
OWNED BY

6.

Shared voting power

0

EACH
REPORTING
PERSON

7.

Sole dispositive power

1,928,863 (1)

WITH

 

8.

Shared dispositive power

0

9.

Aggregate amount beneficially owned by each reporting person

1,928,863 (1)

10.

Check box if the aggregate amount in row (9) excludes certain shares ¨

11.

Percent of class represented by amount in row (9)

6.7% (2)

12.

Type of Reporting Person

IN

(1) Consists of 1,928,863 outstanding shares of Common Stock held by the reporting person as of December 31, 2008, all of which are held indirectly by the reporting person through Mollusk Holdings, LLC.

(2) Based on 28,822,198 shares of the issuer's Common Stock outstanding as of December 31, 2008, as reported in the issuer's Quarterly Report on Form 10-Q for the quarterly period ended December 31, 2008, filed on February 9, 2009.

(Page 5 of 10 Pages)


Item 1.

(a) Name of Issuer:

K12 Inc.

(b) Address of Issuer's Principal Executive Offices:

2300 Corporate Park Drive
Herndon, VA 20171

Item 2.

(a) Name of Person Filing:

This statement is being filed jointly by: (1) Mollusk Holdings, LLC, a California limited liability company ("Mollusk"); (2) Cephalopod Corporation, a California corporation ("Cephalopod"); (3) Lawrence Investments, LLC, a California limited liability company ("Lawrence Investments"); and (4) Lawrence J. Ellison, a natural person whose principal occupation is Chief Executive Officer of Oracle Corporation. Mollusk, Cephalopod, Lawrence Investments and Lawrence J. Ellison will be collectively identified hereinafter as the "Reporting Persons." This Schedule 13G relates solely to, and is being filed for, the investment by Mollusk, Cephalopod, Lawrence Investments, and Lawrence J. Ellison and does not relate to any investment by Oracle Corporation or by Lawrence J. Ellison in his capacity as Chief Executive Officer of Oracle Corporation. This Statement is based upon the direct and indirect beneficial ownership of shares of the Issuer by Lawrence J. Ellison, Mollusk, Cephalopod, and Lawrence Investments.

(b) Address of Principal Business Office or, if None, Residence:

The address of Lawrence J. Ellison is 500 Oracle Parkway, Redwood Shores, CA 94065. The address and principal place of business of Mollusk, Cephalopod, and Lawrence Investments is 101 Ygnacio Valley Road, Suite 310, Walnut Creek, CA 94596.

(c) Citizenship:

Lawrence J. Ellison is a citizen of the United States of America. Each of the other Reporting Persons is an entity organized under the laws of California.

(d) Title of Class of Securities:

Common Stock, par value $0.0001 per share.

(e) CUSIP Number:

48273U102

(Page 6 of 10 Pages)


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 Rule 13d-1(b)(1)(ii)(E);

(f) ¨ An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);

(g) ¨ A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);

(h) ¨ A savings association 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) ¨ A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J);

(k) ¨ Group, in accordance with Rule 13d-1(b)(1)(ii)(K).

Not applicable.

Item 4. Ownership.

(a) Amount beneficially owned:

Mollusk, Cephalopod, Lawrence Investments, Lawrence J. Ellison:

1,928,863 (1)(2)

(b) Percent of class:

Mollusk, Cephalopod, Lawrence Investments, Lawrence J. Ellison: 6.7% (3)

(c) Number of shares as to which such person has:

(i) Sole power to vote or to direct the vote:

Mollusk, Cephalopod, Lawrence Investments, Lawrence J. Ellison: 1,928,863 (1)(2)

(ii) Shared power to vote or to direct the vote:

n/a

(Page 7 of 10 Pages)


(iii) Sole power to dispose or to direct the disposition of:

Mollusk, Cephalopod, Lawrence Investments, Lawrence J. Ellison: 1,928,863 (1)(2)

(iv) shared power to dispose or to direct the disposition of:

n/a

(1) Of the total amount of shares shown, 1,928,863 outstanding shares of the Issuer's Common Stock are held directly by Mollusk.

(2) Cephalopod and Lawrence Investments together control Mollusk, and may be deemed to have voting and investment power over the shares of the Issuer held directly by Mollusk. Lawrence J. Ellison controls both Cephalopod and Lawrence Investments, and may be deemed to have voting and investment power over the shares of the Issuer held directly or indirectly by those entities.

(3) Calculations are based on 28,822,198 shares of the issuer's Common Stock outstanding as of December 31, 2008, as reported in the issuer's Quarterly Report on Form 10-Q for the quarterly period ended December 31, 2008, filed on February 9, 2009.

Item 5. Ownership of Five Percent or Less of a Class.

Not applicable.

Item 6. Ownership of More than Five 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.

See Exhibit 99.1.

Item 9. Notice of Dissolution of Group.

Not applicable.

Item 10. Certification.

Not applicable.

(Page 8 of 10 Pages)


Signature

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.

Date: February 17, 2009

 

Mollusk Holdings, LLC

By: Cephalopod Corporation, Member

By: /s/ Philip B. Simon

Name: Philip B. Simon

Its: President

 

 

Cephalopod Corporation

By: /s/ Philip B. Simon

Name: Philip B. Simon

Its: President

 

 

Lawrence Investments, LLC

By: /s/ Philip B. Simon

Name: Philip B. Simon

Its: Member

 

Lawrence J. Ellison

/s/ Philip B. Simon

by Philip B. Simon, his attorney in fact

 

 

 

(Page 9 of 10 Pages)


EXHIBITS

99.1 Joint Filing Agreement (incorporated by reference to Exhibit 99.1 to the Schedule 13G filed by Mollusk, Cephalopod, Lawrence Investments and Lawrence J. Ellison in regard to K12 Inc. on February 14, 2008).

99.2 Limited Power of Attorney of Lawrence J. Ellison for Filings with the Securities and Exchange Commission (incorporated by reference to Exhibit 99.2 to the Schedule 13G filed by Mollusk, Cephalopod, Lawrence Investments and Lawrence J. Ellison in regard to Leapfrog Enterprises, Inc. on February 14, 2006).

 

 

(Page 10 of 10 Pages)