SEC Form 4 · accession 0001477932-16-012853
INSTRUCTURE INC · INST
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
ZIONS SBIC LLC
10% Owner
Kent Madsen
10% Owner
E. Nicholaus Efstratis
10% Owner
EPIC VENTURE FUND IV, LLC
10% Owner
Period of report
Oct 4, 2016
Accepted (ET)
Oct 6, 2016 · 7:27 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001355754
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF5,F1 | Oct 4, 2016 | S$0 | 3,677 | — | D | 2,286,928 | D | |
| Common StockF6,F2 | Oct 4, 2016 | S$0 | 1,657 | — | D | 1,030,568 | I | By Zions SBIC LLC |
| Common StockF7,F3 | Oct 4, 2016 | S$0 | 54 | — | D | 33,496 | I | By Kent I. Madsen |
| Common StockF8,F4 | Oct 4, 2016 | S$0 | 54 | — | D | 33,496 | I | By NKE Investments, LLC |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Epic Management Partners, LLC (EMP) is the investment manager of Epic Venture Fund IV, LLC (EVF IV) and has sole voting and investment power with regard to the shares held directly by EVF IV. E. Nicholaus Efstratis (Mr. Efstratis) and Kent I. Madsen (Mr. Madsen) are the managers of EMP and, therefore, may be deemed to share voting and investment power with regard to the shares held by EVF IV. Each of such individuals disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein. The inclusion of these securities shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or any other purpose.
- F2ZWMC IV, L.L.C. (ZWMC) is the investment manager of Zions SBIC LLC (Zions SBIC) and has sole voting and investment power with regard to the shares held directly by Zions SBIC. Mr. Efstratis and Mr. Madsen are the managers of ZWMC and, therefore, may be deemed to share voting and investment power with regard to the shares held by Zions SBIC. Each of such individuals disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein. The inclusion of these securities shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or any other purpose.
- F3These shares are owned directly by Mr. Madsen.
- F4Mr. Efstratis has voting and dispositive power with respect to the shares held by NKE Investments, LLC (NKE Investments).
- F5EVF IV sold 1,214 shares of Common Stock of the Issuer at $25.21 per share on October 4, 2016 and 2,463 shares of Common Stock of the Issuer at $25.01 on October 6, 2016.
- F6Zions SBIC sold 547 shares of Common Stock of the Issuer at $25.21 per share on October 4, 2016 and 1,110 shares of Common Stock of the Issuer at $25.01 on October 6, 2016.
- F7Mr. Madsen sold 18 shares of Common Stock of the Issuer at $25.21 per share on October 4, 2016 and 36 shares of Common Stock of the Issuer at $25.01 on October 6, 2016.
- F8NKE Investments sold 18 shares of Common Stock of the Issuer at $25.21 per share on October 4, 2016 and 36 shares of Common Stock of the Issuer at $25.01 on October 6, 2016.