SEC Form 4 · accession 0001209191-17-053313
TACTILE SYSTEMS TECHNOLOGY INC · TCMD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Galen Partners V LP
10% Owner
Galen Partners International V LP
10% Owner
Galen Management, LLC
10% Owner
Galen Partners V, L.L.C.
10% Owner
Period of report
Sep 15, 2017
Accepted (ET)
Sep 19, 2017 · 5:01 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001027838
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3,F4 | Sep 15, 2017 | S | 2,794,500 | $31.02 | D | 907,736 | I | See footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The securities were sold to the underwriters by the Reporting Persons in connection with a secondary offering of the Issuer's common stock as follows: 2,541,397 shares by Galen Partners V, L.P. ("Galen V"), 217,018 shares by Galen Partners International V, L.P. ("Galen International V") and 36,085 shares by Galen Management, LLC ("Galen Management").
- F2Represents the price per share at which the Reporting Persons sold the shares to the underwriters in connection with the secondary offering.
- F3Galen Partners V, L.L.C. serves as the sole general partner of Galen V and Galen International V and has sole voting and investment control over the shares held by such funds and may be deemed to beneficially own the shares held by such funds. Each of the Reporting Person disclaims beneficial ownership of the shares reported herein, except to the extent of its respective pecuniary interest therein.
- F4Includes 825,520 shares held of record by Galen LP, 70,493 shares held of record by Galen International V and 11,723 shares held of record by Galen Management.