SEC Form 4 · accession 0000950142-16-003846
SERVICESOURCE INTERNATIONAL, INC. · SREV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Altai Capital Management, L.P.
Director · 10% Owner · Other
Rishi Bajaj
Director · 10% Owner · Other
Altai Capital Management, LLC
Director · 10% Owner · Other
Period of report
May 31, 2016
Accepted (ET)
Jun 2, 2016 · 4:33 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001310114
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | May 31, 2016 | S | 500,000 | $3.72 | D | 11,227,000 | I | See Footnote |
| Common StockF3,F1,F2 | May 31, 2016 | J | 6,538,415 | — | D | 4,688,585 | I | See Footnote |
| Common StockF4,F1,F2 | May 31, 2016 | J | 1,478,774 | — | A | 6,167,359 | I | See Footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Altai Capital Management, L.P. ("Investment Manager") serves as investment manager of certain investment funds, including Altai Capital Master Fund, Ltd. ("ACMF") and Altai Capital Osprey, LLC ("Osprey"). The shares of ServiceSource held by ACMF and Osprey may be deemed to be beneficially owned by Investment Manager by virtue of its voting and investment power over those shares. See note 2 below.
- F2Altai Capital Management, LLC ("IMGP") serves as the general partner of Investment Manager. Mr. Bajaj is the managing principal of Investment Manager and member of IMGP as well as the sole member of the managing member of Osprey. Mr. Bajaj disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. See note 3 below.
- F3The pro rata disposition of 6,538,415 shares of ServiceSource common stock represents an in-kind liquidating redemption by investors from ACMF. No funds were received by ACMF in connection with such disposition of common stock.
- F4The acquisition of 1,478,774 shares of ServiceSource common stock represents an in-kind contribution by investors to Osprey. No funds were received or paid by Osprey in connection with such acquisition of common stock. Each contributing investor received an interest in Osprey proportionate to the amount of ServiceSource common stock contributed by such investor.
Remarks
Upon completion of the transactions reported herein, each of the Reporting Persons ceased to be a director of or 10% owner with respect to the Issuer.