QUINSTREET, INC - Major Shareholding Notification 2011

SC 13G 1 c12786sc13g.htm SCHEDULE 13G Schedule 13G PAGEBREAK

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934 (Amendment No. )*

QuinStreet, Inc.

(Name of Issuer)

Common Stock, par value $0.001 per share

(Title of Class of Securities)

7487Q 10 0

(CUSIP Number)

December 31, 2010

(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-1(b)

o Rule 13d-1(c)

þ Rule 13d-1(d)

The remainder of this cover page shall be filled out for a reporting persons 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).

PAGEBREAK

CUSIP No. 7487Q 10 0

1	NAMES OF REPORTING PERSONS Granite Global Ventures III L.P.
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
	(a) o
	(b) þ (1)
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	Delaware, United States of America
	5	SOLE VOTING POWER
NUMBER OF		0
SHARES	6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY		1,529,469 (2)
EACH	7	SOLE DISPOSITIVE POWER
REPORTING
PERSON		0
WITH:	8	SHARED DISPOSITIVE POWER
		1,529,469 (2)
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	1,529,469 (2)
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)
	3.3%(3)
12	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
	PN

(1) This statement on Schedule 13G is filed by Granite Global Ventures III L.P., GGV III Entrepreneurs Fund L.P., Granite Global Ventures III L.L.C., Granite Global Ventures II L.P., GGV II Entrepreneurs Fund L.P., Granite Global Ventures II L.L.C., Messrs. Scott B. Bonham, Jixun Foo, Glenn Solomon, Hany M. Nada, Thomas K. Ng and Ms. Jenny Lee (collectively, the Reporting Persons). These Reporting Persons expressly disclaim status as a group for purposes of this Schedule 13G.

(2) Consists of (i) 1,493,068 shares of Common Stock held by Granite Global Ventures III L.P. and (ii) 36,401 shares of Common Stock held by GGV III Entrepreneurs Fund L.P. Granite Global Ventures III L.L.C. is the sole general partner of Granite Global Ventures III L.P. and GGV III Entrepreneurs Fund L.P. As such, Granite Global Ventures III L.L.C. possesses power to direct the voting and disposition of the shares owned by Granite Global Ventures III L.P. and GGV III Entrepreneurs Fund L.P. and may be deemed to have indirect beneficial ownership of the shares held by Granite Global Ventures III L.P. and GGV III Entrepreneurs Fund L.P. Granite Global Ventures III L.L.C. owns no securities of the Issuer directly. Messrs. Scott B. Bonham, Jixun Foo, Glenn Solomon, Hany M. Nada, Thomas K. Ng and Ms. Jenny Lee are Managing Directors of Granite Global Ventures III L.L.C. As such, Messrs. Scott B. Bonham, Jixun Foo, Glenn Solomon, Hany M. Nada, Thomas K. Ng and Ms. Jenny Lee possess power to direct the voting and disposition of the shares owned by Granite Global Ventures III L.P. and GGV III Entrepreneurs Fund L.P. and may be deemed to have indirect beneficial ownership of the shares held by Granite Global Ventures III L.P. and GGV III Entrepreneurs Fund L.P. Messrs. Scott B. Bonham, Jixun Foo, Hany M. Nada, Thomas K. Ng and Ms. Jenny Lee own no securities of the Issuer directly.

(3) This percentage is calculated based upon 46,505,993 shares of the Issuers Common Stock outstanding on its most recently filed quarterly report on Form 10-Q for the period ended December 31, 2010.

Page 2

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CUSIP No. 7487Q 10 0

1	NAMES OF REPORTING PERSONS GGV III Entrepreneurs Fund L.P.
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
	(a) o
	(b) þ (1)
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	Delaware, United States of America
	5	SOLE VOTING POWER
NUMBER OF		0
SHARES	6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY		1,529,469 (2)
EACH	7	SOLE DISPOSITIVE POWER
REPORTING
PERSON		0
WITH:	8	SHARED DISPOSITIVE POWER
		1,529,469 (2)
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	1,529,469 (2)
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)
	3.3%(3)
12	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
	PN

(1) This statement on Schedule 13G is filed by the Reporting Persons. These Reporting Persons expressly disclaim status as a group for purposes of this Schedule 13G.

(3) This percentage is calculated based upon 46,505,993 shares of the Issuers Common Stock outstanding on its most recently filed quarterly report on Form 10-Q for the period ended December 31, 2010.

Page 3

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CUSIP No. 7487Q 10 0

1	NAMES OF REPORTING PERSONS Granite Global Ventures III L.L.C.
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
	(a) o
	(b) þ (1)
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	Delaware, United States of America
	5	SOLE VOTING POWER
NUMBER OF		0
SHARES	6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY		1,529,469 (2)
EACH	7	SOLE DISPOSITIVE POWER
REPORTING
PERSON		0
WITH:	8	SHARED DISPOSITIVE POWER
		1,529,469 (2)
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	1,529,469 (2)
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)
	3.3%(3)
12	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
	OO

(1) This statement on Schedule 13G is filed by the Reporting Persons. These Reporting Persons expressly disclaim status as a group for purposes of this Schedule 13G.

(3) This percentage is calculated based upon 46,505,993 shares of the Issuers Common Stock outstanding on its most recently filed quarterly report on Form 10-Q for the period ended December 31, 2010.

Page 4

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CUSIP No. 7487Q 10 0

1	NAMES OF REPORTING PERSONS Granite Global Ventures II L.P.
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
	(a) o
	(b) þ (1)
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	Delaware, United States of America
	5	SOLE VOTING POWER
NUMBER OF		0
SHARES	6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY		1,137,506 (2)
EACH	7	SOLE DISPOSITIVE POWER
REPORTING
PERSON		0
WITH:	8	SHARED DISPOSITIVE POWER
		1,137,506 (2)
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	1,137,506 (2)
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)
	2.4%(3)
12	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
	PN

(1) This statement on Schedule 13G is filed by the Reporting Persons. These Reporting Persons expressly disclaim status as a group for purposes of this Schedule 13G.

(2) Consists of (i) 1,114,187 shares of Common Stock held by Granite Global Ventures II L.P. and (ii) 23,319 shares of Common Stock held by GGV II Entrepreneurs Fund L.P. Granite Global Ventures II L.L.C. is the sole general partner of Granite Global Ventures II L.P. and GGV II Entrepreneurs Fund L.P. As such, Granite Global Ventures II L.L.C. possesses power to direct the voting and disposition of the shares owned by Granite Global Ventures II L.P. and GGV II Entrepreneurs Fund L.P. and may be deemed to have indirect beneficial ownership of the shares held by Granite Global Ventures II L.P. and GGV II Entrepreneurs Fund L.P. Granite Global Ventures II L.L.C. owns no securities of the Issuer directly. Messrs. Scott B. Bonham, Jixun Foo, Glenn Solomon, Hany M. Nada, Thomas K. Ng and Ms. Jenny Lee are members of the Investment Committee of Granite Global Ventures II L.L.C. As such, Messrs. Scott B. Bonham, Jixun Foo, Glenn Solomon, Hany M. Nada, Thomas K. Ng and Ms. Jenny Lee possess power to direct the voting and disposition of the shares owned by Granite Global Ventures II L.P. and GGV II Entrepreneurs Fund L.P. and may be deemed to have indirect beneficial ownership of the shares held by Granite Global Ventures II L.P. and GGV II Entrepreneurs Fund L.P. Messrs. Scott B. Bonham, Jixun Foo, Hany M. Nada, Thomas K. Ng and Ms. Jenny Lee own no securities of the Issuer directly.

(3) This percentage is calculated based upon 46,505,993 shares of the Issuers Common Stock outstanding on its most recently filed quarterly report on Form 10-Q for the period ended December 31, 2010.

Page 5

PAGEBREAK

CUSIP No. 7487Q 10 0

1	NAMES OF REPORTING PERSONS GGV II Entrepreneurs Fund L.P.
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
	(a) o
	(b) þ (1)
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	Delaware, United States of America
	5	SOLE VOTING POWER
NUMBER OF		0
SHARES	6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY		1,137,506 (2)
EACH	7	SOLE DISPOSITIVE POWER
REPORTING
PERSON		0
WITH:	8	SHARED DISPOSITIVE POWER
		1,137,506 (2)
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	1,137,506 (2)
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)
	2.4%(3)
12	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
	PN

(1) This statement on Schedule 13G is filed by the Reporting Persons. These Reporting Persons expressly disclaim status as a group for purposes of this Schedule 13G.

(3) This percentage is calculated based upon 46,505,993 shares of the Issuers Common Stock outstanding on its most recently filed quarterly report on Form 10-Q for the period ended December 31, 2010.

Page 6

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CUSIP No. 7487Q 10 0

1	NAMES OF REPORTING PERSONS Granite Global Ventures II L.L.C.
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
	(a) o
	(b) þ (1)
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	Delaware, United States of America
	5	SOLE VOTING POWER
NUMBER OF		0
SHARES	6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY		1,137,506 (2)
EACH	7	SOLE DISPOSITIVE POWER
REPORTING
PERSON		0
WITH:	8	SHARED DISPOSITIVE POWER
		1,137,506 (2)
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	1,137,506 (2)
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)
	2.4%(3)
12	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
	OO

(1) This statement on Schedule 13G is filed by the Reporting Persons. These Reporting Persons expressly disclaim status as a group for purposes of this Schedule 13G.

(3) This percentage is calculated based upon 46,505,993 shares of the Issuers Common Stock outstanding on its most recently filed quarterly report on Form 10-Q for the period ended December 31, 2010.

Page 7

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CUSIP No. 7487Q 10 0

1	NAMES OF REPORTING PERSONS Scott B. Bonham
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
	(a) o
	(b) þ (1)
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	Canada
	5	SOLE VOTING POWER
NUMBER OF		0
SHARES	6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY		2,666,975 (2)
EACH	7	SOLE DISPOSITIVE POWER
REPORTING
PERSON		0
WITH:	8	SHARED DISPOSITIVE POWER
		2,666,975 (2)
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	2,666,975 (2)
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)
	5.7%(3)
12	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
	IN

(1) This statement on Schedule 13G is filed by the Reporting Persons. These Reporting Persons expressly disclaim status as a group for purposes of this Schedule 13G.

(2) Consists of (i) 1,493,068 shares of Common Stock held by Granite Global Ventures III L.P., (ii) 36,401 shares of Common Stock held by GGV III Entrepreneurs Fund L.P., (iii) 1,114,187 shares of Common Stock held by Granite Global Ventures II L.P. and (iv) 23,319 shares of Common Stock held by GGV II Entrepreneurs Fund L.P. Granite Global Ventures III L.L.C. is the sole general partner of Granite Global Ventures III L.P. and GGV III Entrepreneurs Fund L.P. As such, Granite Global Ventures III L.L.C. possesses power to direct the voting and disposition of the shares owned by Granite Global Ventures III L.P. and GGV III Entrepreneurs Fund L.P. and may be deemed to have indirect beneficial ownership of the shares held by Granite Global Ventures III L.P. and GGV III Entrepreneurs Fund L.P. Granite Global Ventures III L.L.C. owns no securities of the Issuer directly. Granite Global Ventures II L.L.C. is the sole general partner of Granite Global Ventures II L.P. and GGV II Entrepreneurs Fund L.P. As such, Granite Global Ventures II L.L.C. possesses power to direct the voting and disposition of the shares owned by Granite Global Ventures II L.P. and GGV II Entrepreneurs Fund L.P. and may be deemed to have indirect beneficial ownership of the shares held by Granite Global Ventures II L.P. and GGV II Entrepreneurs Fund L.P. Granite Global Ventures II L.L.C. owns no securities of the Issuer directly. Messrs. Scott B. Bonham, Jixun Foo, Glenn Solomon, Hany M. Nada, Thomas K. Ng and Ms. Jenny Lee are members of the Investment Committee of Granite Global Ventures II L.L.C and Managing Directors of Granite Global Ventures III L.L.C. As such, Messrs. Scott B. Bonham, Jixun Foo, Glenn Solomon, Hany M. Nada, Thomas K. Ng and Ms. Jenny Lee possess power to direct the voting and disposition of the shares owned by Granite Global Ventures III L.P., GGV III Entrepreneurs Fund L.P., Granite Global Ventures II L.P. and GGV II Entrepreneurs Fund L.P. and may be deemed to have indirect beneficial ownership of the shares held by Granite Global Ventures III L.P., GGV III Entrepreneurs Fund L.P., Granite Global Ventures II L.P. and GGV II Entrepreneurs Fund L.P. Messrs. Scott B. Bonham, Jixun Foo, Hany M. Nada, Thomas K. Ng and Ms. Jenny Lee own no securities of the Issuer directly.

(3) This percentage is calculated based upon 46,505,993 shares of the Issuers Common Stock outstanding on its most recently filed quarterly report on Form 10-Q for the period ended December 31, 2010.

Page 8

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CUSIP No. 7487Q 10 0

1	NAMES OF REPORTING PERSONS Hany M. Nada
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
	(a) o
	(b) þ (1)
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	United States of America
	5	SOLE VOTING POWER
NUMBER OF		0
SHARES	6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY		2,666,975 (2)
EACH	7	SOLE DISPOSITIVE POWER
REPORTING
PERSON		0
WITH:	8	SHARED DISPOSITIVE POWER
		2,666,975 (2)
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	2,666,975 (2)
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)
	5.7%(3)
12	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
	IN

(1) This statement on Schedule 13G is filed by the Reporting Persons. These Reporting Persons expressly disclaim status as a group for purposes of this Schedule 13G.

(3) This percentage is calculated based upon 46,505,993 shares of the Issuers Common Stock outstanding on its most recently filed quarterly report on Form 10-Q for the period ended December 31, 2010.

Page 9

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CUSIP No. 7487Q 10 0

1	NAMES OF REPORTING PERSONS Thomas K. Ng
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
	(a) o
	(b) þ (1)
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	United States of America
	5	SOLE VOTING POWER
NUMBER OF		0
SHARES	6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY		2,666,975 (2)
EACH	7	SOLE DISPOSITIVE POWER
REPORTING
PERSON		0
WITH:	8	SHARED DISPOSITIVE POWER
		2,666,975 (2)
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	2,666,975 (2)
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)
	5.7%(3)
12	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
	IN

(1) This statement on Schedule 13G is filed by the Reporting Persons. These Reporting Persons expressly disclaim status as a group for purposes of this Schedule 13G.

(3) This percentage is calculated based upon 46,505,993 shares of the Issuers Common Stock outstanding on its most recently filed quarterly report on Form 10-Q for the period ended December 31, 2010.

Page 10

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CUSIP No. 7487Q 10 0

1	NAMES OF REPORTING PERSONS Jixun Foo
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
	(a) o
	(b) þ (1)
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	Singapore
	5	SOLE VOTING POWER
NUMBER OF		0
SHARES	6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY		2,666,975 (2)
EACH	7	SOLE DISPOSITIVE POWER
REPORTING
PERSON		0
WITH:	8	SHARED DISPOSITIVE POWER
		2,666,975 (2)
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	2,666,975 (2)
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)
	5.7%(3)
12	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
	IN

(1) This statement on Schedule 13G is filed by the Reporting Persons. These Reporting Persons expressly disclaim status as a group for purposes of this Schedule 13G.

(3) This percentage is calculated based upon 46,505,993 shares of the Issuers Common Stock outstanding on its most recently filed quarterly report on Form 10-Q for the period ended December 31, 2010.

Page 11

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CUSIP No. 7487Q 10 0

1	NAMES OF REPORTING PERSONS Glenn Solomon
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
	(a) o
	(b) þ (1)
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	United States of America
	5	SOLE VOTING POWER
NUMBER OF		31,667 (2)
SHARES	6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY		2,666,975 (3)
EACH	7	SOLE DISPOSITIVE POWER
REPORTING
PERSON		31,667 (2)
WITH:	8	SHARED DISPOSITIVE POWER
		2,666,975 (3)
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	2,698,642 (3)
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)
	5.8%(4)
12	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
	IN

(1) This statement on Schedule 13G is filed by the Reporting Persons. These Reporting Persons expressly disclaim status as a group for purposes of this Schedule 13G.

(2) Represents (i) a fully vested stock option for 25,000 shares and (ii) a stock option for 20,000 shares of which 6,667 shares have vested or will vest within 60 days.

(3) Consists of (i) 1,493,068 shares of Common Stock held by Granite Global Ventures III L.P., (ii) 36,401 shares of Common Stock held by GGV III Entrepreneurs Fund L.P., (iii) 1,114,187 shares of Common Stock held by Granite Global Ventures II L.P. and (iv) 23,319 shares of Common Stock held by GGV II Entrepreneurs Fund L.P. Granite Global Ventures III L.L.C. is the sole general partner of Granite Global Ventures III L.P. and GGV III Entrepreneurs Fund L.P. As such, Granite Global Ventures III L.L.C. possesses power to direct the voting and disposition of the shares owned by Granite Global Ventures III L.P. and GGV III Entrepreneurs Fund L.P. and may be deemed to have indirect beneficial ownership of the shares held by Granite Global Ventures III L.P. and GGV III Entrepreneurs Fund L.P. Granite Global Ventures III L.L.C. owns no securities of the Issuer directly. Granite Global Ventures II L.L.C. is the sole general partner of Granite Global Ventures II L.P. and GGV II Entrepreneurs Fund L.P. As such, Granite Global Ventures II L.L.C. possesses power to direct the voting and disposition of the shares owned by Granite Global Ventures II L.P. and GGV II Entrepreneurs Fund L.P. and may be deemed to have indirect beneficial ownership of the shares held by Granite Global Ventures II L.P. and GGV II Entrepreneurs Fund L.P. Granite Global Ventures II L.L.C. owns no securities of the Issuer directly. Messrs. Scott B. Bonham, Jixun Foo, Glenn Solomon, Hany M. Nada, Thomas K. Ng and Ms. Jenny Lee are members of the Investment Committee of Granite Global Ventures II L.L.C and Managing Directors of Granite Global Ventures III L.L.C. As such, Messrs. Scott B. Bonham, Jixun Foo, Glenn Solomon, Hany M. Nada, Thomas K. Ng and Ms. Jenny Lee possess power to direct the voting and disposition of the shares owned by Granite Global Ventures III L.P., GGV III Entrepreneurs Fund L.P., Granite Global Ventures II L.P. and GGV II Entrepreneurs Fund L.P. and may be deemed to have indirect beneficial ownership of the shares held by Granite Global Ventures III L.P., GGV III Entrepreneurs Fund L.P., Granite Global Ventures II L.P. and GGV II Entrepreneurs Fund L.P. Messrs. Scott B. Bonham, Jixun Foo, Hany M. Nada, Thomas K. Ng and Ms. Jenny Lee own no securities of the Issuer directly.

(4) This percentage is calculated based upon 46,505,993 shares of the Issuers Common Stock outstanding on its most recently filed quarterly report on Form 10-Q for the period ended December 31, 2010.

Page 12

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CUSIP No. 7487Q 10 0

1	NAMES OF REPORTING PERSONS Jenny Lee
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
	(a) o
	(b) þ (1)
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	Singapore
	5	SOLE VOTING POWER
NUMBER OF		0
SHARES	6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY		2,666,975 (2)
EACH	7	SOLE DISPOSITIVE POWER
REPORTING
PERSON		0
WITH:	8	SHARED DISPOSITIVE POWER
		2,666,975 (2)
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	2,666,975 (2)
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)
	5.7%(3)
12	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
	IN

(1) This statement on Schedule 13G is filed by the Reporting Persons. These Reporting Persons expressly disclaim status as a group for purposes of this Schedule 13G.

(3) This percentage is calculated based upon 46,505,993 shares of the Issuers Common Stock outstanding on its most recently filed quarterly report on Form 10-Q for the period ended December 31, 2010.

Page 13

PAGEBREAK

CUSIP No. 7487Q 10 0

Introductory Note: This statement on Schedule 13G is filed on behalf of the Reporting Persons, in respect of shares of Common Stock, par value $0.001 per share (Common Stock) of QuinStreet, Inc. (the Issuer).

Item 1(a). Name of Issuer:

QuinStreet, Inc.

Item 1(b). Address of Issuers Principal Executive Officers:

950 Tower Lane, 6 th Floor Foster City, California 94404

Item 2(a). Name of Person(s) Filing :

Granite Global Ventures III L.P. GGV III Entrepreneurs Fund L.P. Granite Global Ventures III L.L.C. Granite Global Ventures II L.P. GGV II Entrepreneurs Fund L.P. Granite Global Ventures II L.L.C. Scott B. Bonham Hany M. Nada Thomas K. Ng Jixun Foo Glenn Solomon Jenny Lee

Item 2(b). Address of Principal Business Office:

GGV Capital 2494 Sand Hill Road, Suite 100 Menlo Park, California 94025 United States of America

Item 2(c). Citizenship or Place of Organization:

Name		Citizenship or Place of Organization
1.	Granite Global Ventures III L.P.	Delaware, United States of America
2.	GGV III Entrepreneurs Fund L.P.	Delaware, United States of America
3.	Granite Global Ventures III L.L.C.	Delaware, United States of America
4.	Granite Global Ventures II L.P.	Delaware, United States of America
5.	GGV II Entrepreneurs Fund L.P.	Delaware, United States of America
6.	Granite Global Ventures II L.L.C.	Delaware, United States of America
7.	Scott B. Bonham	Canada
8.	Hany M. Nada	United States of America
9.	Thomas K. Ng	United States of America
10.	Jixun Foo	Singapore
11.	Glenn Solomon	United States of America
12.	Jenny Lee	Singapore

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PAGEBREAK

CUSIP No. 7487Q 10 0

Item 2(d). Title of Class of Securities:

Common Stock, par value $0.001 per share, of the Issuer.

Item 2(e). CUSIP Number:

7487Q 10 0

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:

Not applicable.

Item 4(a). Amount Beneficially Owned:

Item 4(b). Percent of Class:

Item 4(c). Number of shares as to which such persons have:

The following information with respect to the ownership of Common Stock of the Issuer by the Reporting Persons filing this statement on Schedule 13G as of December 31, 2010:

	Shares Held	Sole — Voting	Shared — Voting	Sole — Dispositive	Shared Dispositive	Beneficial	Percentage of
Reporting Persons	Directly	Power	Power (1)	Power	Power (1)	Ownership (1)	Class (1, 3)
Granite Global Ventures III L.P.	1,493,068	0	1,529,469	0	1,529,469	1,529,469	3.3 %
GGV III Entrepreneurs Fund L.P.	36,401	0	1,529,469	0	1,529,469	1,529,469	3.3 %
Granite Global Ventures III L.L.C.	0	0	1,529,469	0	1,529,469	1,529,469	3.3 %
Granite Global Ventures II L.P.	1,114,187	0	1,137,506	0	1,137,506	1,137,506	2.4 %
GGV II Entrepreneurs Fund L.P.	23,319	0	1,137,506	0	1,137,506	1,137,506	2.4 %
Granite Global Ventures II L.L.C.	0	0	1,137,506	0	1,137,506	1,137,506	2.4 %
Scott B. Bonham	0	0	2,666,975	0	2,666,975	2,666,975	5.7 %
Hany M. Nada	0	0	2,666,975	0	2,666,975	2,666,975	5.7 %
Thomas K. Ng	0	0	2,666,975	0	2,666,975	2,666,975	5.7 %
Jixun Foo	0	0	2,666,975	0	2,666,975	2,666,975	5.7 %
Glenn Solomon	31,667	31,667	2,666,975	31,667	2,666,975	2,698,642	5.8 %
Jenny Lee	0	0	2,666,975	0	2,666,975	2,666,975	5.7 %

| (1) | Represents the number of shares of Common Stock currently underlying all Securities held by the Reporting Persons. | | --- | --- | | (2) | Granite Global Ventures III L.L.C. is the sole general partner of Granite Global Ventures III L.P. and GGV III Entrepreneurs Fund L.P. As such, Granite Global Ventures III L.L.C. possesses power to direct the voting and disposition of the shares owned by Granite Global Ventures III L.P. and GGV III Entrepreneurs Fund L.P. and may be deemed to have indirect beneficial ownership of the shares held by Granite Global Ventures III L.P. and GGV III Entrepreneurs Fund L.P. Granite Global Ventures III L.L.C. owns no securities of the Issuer directly. Granite Global Ventures II L.L.C. is the sole general partner of Granite Global Ventures II L.P. and GGV II Entrepreneurs Fund L.P. As such, Granite Global Ventures II L.L.C. possesses power to direct the voting and disposition of the shares owned by Granite Global Ventures II L.P. and GGV II Entrepreneurs Fund L.P. and may be deemed to have indirect beneficial ownership of the shares held by Granite Global Ventures II L.P. and GGV II Entrepreneurs Fund L.P. Granite Global Ventures II L.L.C. owns no securities of the Issuer directly. Messrs. Scott B. Bonham, Jixun Foo, Glenn Solomon, Hany M. Nada, Thomas K. Ng and Ms. Jenny Lee are members of the Investment Committee of Granite Global Ventures II L.L.C and Managing Directors of Granite Global Ventures III L.L.C. As such, Messrs. Scott B. Bonham, Jixun Foo, Glenn Solomon, Hany M. Nada, Thomas K. Ng and Ms. Jenny Lee possess power to direct the voting and disposition of the shares owned by Granite Global Ventures III L.P., GGV III Entrepreneurs Fund L.P., Granite Global Ventures II L.P. and GGV II Entrepreneurs Fund L.P. and may be deemed to have indirect beneficial ownership of the shares held by Granite Global Ventures III L.P., GGV III Entrepreneurs Fund L.P., Granite Global Ventures II L.P. and GGV II Entrepreneurs Fund L.P. Messrs. Scott B. Bonham, Jixun Foo, Hany M. Nada, Thomas K. Ng and Ms. Jenny Lee own no securities of the Issuer directly. | | (3) | This percentage is calculated based upon 46,505,993 shares of the Issuers Common Stock outstanding on its most recently filed quarterly report on Form 10-Q for the period ended December 31, 2010. |

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 Persons have ceased to be the beneficial owner of more than five percent of the class of securities, check the following: o

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PAGEBREAK

CUSIP No. 7487Q 10 0

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:

Not applicable.

ITEM 8. Identification and Classification of Members of the Group:

Not applicable.

ITEM 9. Notice of Dissolution of Group:

Not applicable.

ITEM 10. Certification:

Not applicable.

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PAGEBREAK

CUSIP No. 7487Q 10 0

SIGNATURES

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.

Dated: February 17, 2011

GRANITE GLOBAL VENTURES III L.P. GGV III ENTREPRENEURS FUND L.P. BY: GRANITE GLOBAL VENTURES III L.L.C. ITS: GENERAL PARTNER
By:	/s/ Hany M. Nada
	Hany M. Nada
	Managing Director

GRANITE GLOBAL VENTURES III L.L.C.
By:	/s/ Hany M. Nada
	Hany M. Nada
	Managing Director

GRANITE GLOBAL VENTURES II L.P. GGV II ENTREPRENEURS FUND L.P. BY: GRANITE GLOBAL VENTURES II L.L.C. ITS: GENERAL PARTNER
By:	/s/ Hany M. Nada
	Hany M. Nada
	Managing Director

GRANITE GLOBAL VENTURES II L.L.C.
By:	/s/ Hany M. Nada
	Hany M. Nada
	Managing Director

/s/ Hany M. Nada
Hany M. Nada as Attorney-in-fact for Scott B. Bonham
/s/ Hany M. Nada
/s/ Hany M. Nada
Hany M. Nada as Attorney-in-fact for Thomas K. Ng
/s/ Hany M. Nada
Hany M. Nada as Attorney-in-fact for Jixun Foo
/s/ Hany M. Nada
Hany M. Nada as Attorney-in-fact for Glenn Solomon
/s/ Hany M. Nada
Hany M. Nada as Attorney-in-fact for Jenny Lee

Exhibit(s) :

Exhibit 99.1: Joint Filing Statement

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PAGEBREAK

AGREEMENT

Pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree that only one statement containing the information required by Schedule 13G need be filed with respect to the ownership by each of the undersigned of Common Stock of QuinStreet, Inc.

Dated: February 17, 2011

GRANITE GLOBAL VENTURES III L.P. GGV III ENTREPRENEURS FUND L.P. BY: GRANITE GLOBAL VENTURES III L.L.C. ITS: GENERAL PARTNER
By:	/s/ Hany M. Nada
	Hany M. Nada
	Managing Director

GRANITE GLOBAL VENTURES III L.L.C.
By:	/s/ Hany M. Nada
	Hany M. Nada
	Managing Director

GRANITE GLOBAL VENTURES II L.P. GGV II ENTREPRENEURS FUND L.P. BY: GRANITE GLOBAL VENTURES II L.L.C. ITS: GENERAL PARTNER
By:	/s/ Hany M. Nada
	Hany M. Nada
	Managing Director

GRANITE GLOBAL VENTURES II L.L.C.
By:	/s/ Hany M. Nada
	Hany M. Nada
	Managing Director

/s/ Hany M. Nada
Hany M. Nada as Attorney-in-fact for Scott B. Bonham
/s/ Hany M. Nada
Hany M. Nada
/s/ Hany M. Nada
Hany M. Nada as Attorney-in-fact for Thomas K. Ng
/s/ Hany M. Nada
Hany M. Nada as Attorney-in-fact for Jixun Foo
/s/ Hany M. Nada
Hany M. Nada as Attorney-in-fact for Glenn Solomon
/s/ Hany M. Nada
Hany M. Nada as Attorney-in-fact for Jenny Lee

Folio Page 18 /Folio

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