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sc13g
 
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No.    )*
Grand Canyon Education, Inc.
 
(Name of Issuer)
Common Stock, $0.01 par value
 
(Title of Class of Securities)
38526M 106
 
(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:
  o   Rule 13d-l(b)
 
  o   Rule 13d-l(c)
 
  þ   Rule 13d-l(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 the disclosures provided in a prior cover page.
The information required in 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.
  
38526M 106 
 13G Page  
2 
   of   
8 

 

           
1   NAMES OF REPORTING PERSONS.

Endeavour Capital Fund IV, L.P.
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   þ
  (b)   o
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Delaware
       
  5   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
BY OWNED BY   8,524,824
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    8,524,824
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  8,524,824
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS).
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  18.75% *
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  PN
*   Based on 45,465,160 shares of Grand Canyon Education, Inc. common stock, par value $0.01 per share, outstanding as of December 31, 2008.

 

                     
CUSIP No.
  
38526M 106 
 13G Page  
3 
   of   
8 

 

           
1   NAMES OF REPORTING PERSONS.

Endeavour Associates Fund IV, L.P.
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   þ
  (b)   o
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Delaware
       
  5   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
BY OWNED BY   522,115
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    522,115
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  522,115
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS).
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  1.15%*
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  PN
*   Based on 45,465,160 shares of Grand Canyon Education, Inc. common stock, par value $0.01 per share, outstanding as of December 31, 2008.

 

                     
CUSIP No.
  
38526M 106 
 13G Page  
4 
   of   
8 

 

           
1   NAMES OF REPORTING PERSONS.

Endeavour Capital Parallel Fund IV, L.P.
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   þ
  (b)   o
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Delaware
       
  5   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
BY OWNED BY   965,199
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    965,199
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  965,199
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS).
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  2.12% *
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  PN
*   Based on 45,465,160 shares of Grand Canyon Education, Inc. common stock, par value $0.01 per share, outstanding as of December 31, 2008.

 

                     
CUSIP No.
  
38526M 106 
 13G Page  
5 
   of   
8 

 

           
1   NAMES OF REPORTING PERSONS.

Endeavour Capital IV, LLC
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   þ
  (b)   o
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Delaware
       
  5   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
BY OWNED BY   10,012,138 *
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    10,012,138 *
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  10,012,138 *
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS).
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  22.02% **
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  OO (Limited Liability Company)
*   Endeavour Capital IV, LLC is the general partner of Endeavour Capital Fund IV, L.P., Endeavour Associates Fund IV, L.P. and Endeavour Capital Parallel Fund IV, L.P. Endeavour Capital IV, LLC disclaims beneficial ownership of these shares except to the extent of its pecuniary interest therein.
 
**   Based on 45,465,160 shares of Grand Canyon Education, Inc. common stock, par value $0.01 per share, outstanding as of December 31, 2008.

 

Item 1. (a) Name of Issuer:
Grand Canyon Education, Inc.
(b) Address of Issuer’s Principal Executive Offices:
3300 West Camelback Road
Phoenix, Arizona 85017
Item 2. (a) Name of Person Filing:
Endeavour Capital Fund IV, L.P.
Endeavour Associates Fund IV, L.P.
Endeavour Capital Parallel Fund IV, L.P.
Endeavour Capital IV, LLC
(b) Address of Principal Business Office or, if none, Residence:
920 SW Sixth Avenue, Suite 1400
Portland, Oregon 97204
(c) Citizenship:
         
Endeavour Capital Fund IV, L.P.
   Delaware
Endeavour Associates Fund IV, L.P.
   Delaware
Endeavour Capital Parallel Fund IV, L.P.
   Delaware
Endeavour Capital IV, LLC
   Delaware
(d) Title of Class of Securities:
Common stock, $0.01 par value per share
(e) CUSIP:
38526M 106
Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person is filing as a:
Not applicable.
Item 4. Ownership.
(a) Amount beneficially owned:
         
Endeavour Capital Fund IV, L.P.
     8,524,824  
Endeavour Associates Fund IV, L.P.
     522,115  
Endeavour Capital Parallel Fund IV, L.P.
     965,199  
Endeavour Capital IV, LLC
     10,012,138  
(b) Percent of class:*
         
Endeavour Capital Fund IV, L.P.
     18.75 %
Endeavour Associates Fund IV, L.P.
     1.15 %
Endeavour Capital Parallel Fund IV, L.P.
     2.12 %
Endeavour Capital IV, LLC
     21.02 %
 
*   Based on 45,465,160 shares of Grand Canyon Education, Inc. common stock, par value $0.01 per share, outstanding as of December 31, 2008.

 

 

(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
         
Endeavour Capital Fund IV, L.P.
     0  
Endeavour Associates Fund IV, L.P.
     0  
Endeavour Capital Parallel Fund IV, L.P.
     0  
Endeavour Capital IV, LLC
     0  
(ii) Shared power to vote or to direct the vote
         
Endeavour Capital Fund IV, L.P.
     8,524,824  
Endeavour Associates Fund IV, L.P.
     522,115  
Endeavour Capital Parallel Fund IV, L.P.
     965,199  
Endeavour Capital IV, LLC
     10,012,138  
(iii) Sole power to dispose or to direct the disposition of
         
Endeavour Capital Fund IV, L.P.
     0  
Endeavour Associates Fund IV, L.P.
     0  
Endeavour Capital Parallel Fund IV, L.P.
     0  
Endeavour Capital IV, LLC
     0  
(iv) Shared power to dispose or to direct the disposition of
         
Endeavour Capital Fund IV, L.P.
     8,524,824  
Endeavour Associates Fund IV, L.P.
     522,115  
Endeavour Capital Parallel Fund IV, L.P.
     965,199  
Endeavour Capital IV, LLC
     10,012,138  
Endeavour Capital IV, LLC is the general partner of Endeavour Capital Fund IV, L.P., Endeavour Associates Fund IV, L.P. and Endeavour Capital Parallel Fund IV, L.P. Endeavour Capital IV, LLC disclaims beneficial ownership of these shares except to the extent of its pecuniary interest therein.
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.
This Schedule 13G is filed pursuant to Rule 13d-1(d). For the agreement of the group members to a joint filing, see below.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certifications.
Not applicable.

 

 

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.
Agreement for Joint Filing
     Endeavour Capital Fund IV, L.P., Endeavour Associates Fund IV, L.P. and Endeavour Capital Parallel Fund IV, L.P. hereby agree that Endeavour Capital IV, LLC shall file with the Securities and Exchange Commission a joint schedule 13G on behalf of the above-named parties concerning their beneficial ownership of Grand Canyon Education, Inc.
         
    Date: February 13, 2009  
 
        
    ENDEAVOUR CAPITAL FUND IV, L.P.
 
        
 
  By:   Endeavour Capital IV, LLC
 
  Its:   General Partner
 
        
 
  By:   /s/ D. Mark Dorman
 
  Name:  
 
 D. Mark Dorman
 
  Its:   Principal
 
        
    ENDEAVOUR ASSOCIATES FUND IV, L.P.
 
        
 
  By:   Endeavour Capital IV, LLC
 
  Its:   General Partner
 
        
 
  By:   /s/ D. Mark Dorman
 
       
 
  Name:   D. Mark Dorman
 
  Its:   Principal
 
        
    ENDEAVOUR CAPITAL PARALLEL FUND IV, L.P.
 
        
 
  By:   Endeavour Capital IV, LLC
 
  Its:   General Partner
 
        
 
  By:   /s/ D. Mark Dorman
 
       
 
  Name:   D. Mark Dorman
 
  Its:   Principal
 
        
    ENDEAVOUR CAPITAL IV, LLC
 
        
 
  By:   /s/ D. Mark Dorman
 
       
 
  Name:   D. Mark Dorman
 
  Its:   Principal