SEC Form 4 · accession 0000914760-15-000281
Q2 Holdings, Inc. · QTWO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
ADAMS STREET PARTNERS LLC
10% Owner
Period of report
Sep 30, 2015
Accepted (ET)
Oct 2, 2015 · 4:27 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001410384
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2,F3 | Sep 30, 2015 | S | 1,167,701 | $25.50 | D | 6,821,548 | I | By funds |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents 368,350 shares sold by Adams Street 2006 Direct Fund, L.P., 415,969 shares sold by Adams Street 2007 Direct Fund, L.P., 139,362 shares sold by Adams Street 2008 Direct Fund, L.P., 120,538 shares sold by Adams Street 2009 Direct Fund, L.P., 68,472 shares sold by Adams Street 2010 Direct Fund, L.P., and 55,010 shares sold by Adams Street 2011 Direct Fund LP, in each case as selling stockholders in connection with the issuer's follow-on public offering.
- F2Represents 2,151,851 shares held by Adams Street 2006 Direct Fund, L.P., or AS 2006, 2,430,033 shares held by Adams Street 2007 Direct Fund, L.P., or AS 2007, 814,130 shares held by Adams Street 2008 Direct Fund, L.P., or AS 2008, 704,165 shares held by Adams Street 2009 Direct Fund, L.P., or AS 2009, 400,005 shares held by Adams Street 2010 Direct Fund, L.P., or AS 2010, and 321,364 shares held by Adams Street 2011 Direct Fund LP, or AS 2011. (Continued in Footnote 3)
- F3The shares owned by each of AS 2006, AS 2007, AS 2008, AS 2009, AS 2010 and AS 2011 may be deemed to be beneficially owned by Adams Street Partners, LLC, the managing member of the general partner of each of AS 2006, AS 2007, AS 2008, AS 2009 and AS 2010 and the managing member of the general partner of the general partner of AS 2011. David Brett, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray, Sachin Tulyani, Craig D. Waslin, and David S. Welsh, each of whom is a partner of Adams Street Partners, LLC (or a subsidiary thereof), may be deemed to have shared voting and investment power over the shares. Adams Street Partners, LLC and David Brett, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray, Sachin Tulyani, Craig D. Waslin, and David S. Welsh disclaim beneficial ownership of the shares except to the extent of their pecuniary interest therein.