SEC Form 4 · accession 0001179110-16-026386
Q2 Holdings, Inc. · QTWO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Michael Maurice Brown
Director
Period of report
Jun 9, 2016
Accepted (ET)
Jun 13, 2016 · 12:53 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 StockF1 | Jun 9, 2016 | A | 1,799 | $0.00 | A | 7,184 | D | |
| Common StockF2,F3 | holding | — | — | — | 2,162,769 | I | See footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F4 | $27.86 | Jun 9, 2016 | A | 4,486 | A | — | Jun 9, 2023 | Common Stock | 4,486 | 4,486 | D |
Explanation of responses
- F1Represents shares of common stock that are issuable pursuant to a Restricted Stock Unit ("RSU") award. This RSU grant vests in equal quarterly installments over three years beginning September 9, 2016.
- F2The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.
- F3Consists of 2,141,358 shares held by Battery Ventures IX, L.P. ("Battery Ventures IX") and 21,411 shares held by Battery Investment Partners IX, LLC ("BIP IX"). Battery Partners IX, LLC ("BP IX") is the sole general partner of Battery Ventures IX and the sole managing member of BIP IX. BP IX's investment adviser is Battery Management Corp. (together with BP IX, the "Battery Companies"). The Reporting Person is a managing member and officer of the Battery Companies and may be deemed to share voting and dispositive power over the shares held by Battery Ventures IX and BIP IX.
- F4This option grant vests in equal monthly installments over 36 months beginning July 9, 2016.