SEC Form 4 · accession 0001410384-17-000031
Q2 Holdings, Inc. · QTWO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey T Diehl
Director · 10% Owner
Period of report
Mar 1, 2017
Accepted (ET)
Mar 3, 2017 · 5:33 pm EST
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,F4,F5 | Mar 1, 2017 | S | 268,100 | $35.02 | D | 3,878,467 | I | By funds |
| Common StockF6 | holding | — | — | — | 899 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents 83,565 shares sold by Adams Street 2006 Direct Fund, L.P. (AS 2006), 94,367 shares sold by Adams Street 2007 Direct Fund, L.P. (AS 2007), 31,616 shares sold by Adams Street 2008 Direct Fund, L.P. (AS 2008), 27,345 shares sold by Adams Street 2009 Direct Fund, L.P. (AS 2009), 15,534 shares sold by Adams Street 2010 Direct Fund, L.P. (AS 2010), 12,480 shares sold by Adams Street 2011 Direct Fund LP (AS 2011), 726 shares sold by Adams Street Partnership Fund - 2007 U.S. Fund, L.P. (AS 2007 US), 931 shares sold by Adams Street Partnership Fund - 2008 U.S. Fund, L.P. (AS 2008 US), 826 shares sold by Adams Street Partnership Fund - 2009 U.S. Fund, L.P. (AS 2009 US), 581 shares sold by Adams Street Partnership Fund - 2010 U.S. Fund, L.P. (AS 2010 US), and 129 shares sold by Adams Street Partnership Fund - 2010 U.S. Fund - Series B, L.P. (AS 2010 US Series B).
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.00 to $35.375 inclusive. Reporting Person undertakes to provide to Q2 Holdings, Inc., any security holder of Q2 Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F3Represents 1,208,876 shares held by AS 2006, 1,365,157 shares held by AS 2007, 457,366 shares held by AS 2008, 395,589 shares held by AS 2009, 224,716 shares held by AS 2010, 180,537 shares held by AS 2011, 10,507 shares held by AS 2007 US, 13,476 shares held by AS 2008 US, 11,957 shares held by AS 2009 US, 8,412 shares held by AS 2010 US, and 1,874 shares held by AS 2010 US Series B.
- F4Jeffrey T. Diehl disclaims beneficial ownership of the Shares except to the extent of his pecuniary interest therein.
- F5The shares owned by each of AS 2006, AS 2007, AS 2008, AS 2009, AS 2010, AS 2011, AS 2007 US, AS 2008 US, AS 2009 US, AS 2010 US, and AS 2010 US Series B 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, the managing member of the general partner of the general partner of AS 2011, and the general partner of AS 2007 US, AS 2008 US, AS 2009 US, AS 2010 US, and AS 2010 US Series B. Jeffrey T. Diehl is a partner of Adams Street Partners, LLC (or asubsidiary thereof), and may be deemed to share voting and dispositive power over the shares held by AS 2006, AS 2007, AS 2008, AS 2009, AS 2010, AS 2011, AS 2007 US, AS 2008 US, AS 2009 US, AS 2010 US, and AS 2010 US Series B.
- F6By agreement with Adams Street 2006 Direct Fund, L.P., Adams Street 2007 Direct Fund, L.P., Adams Street 2008 Direct Fund, L.P., Adams Street 2009 Direct Fund, L.P., Adams Street 2010 Direct Fund,L.P., and Adams Street 2011 Direct Fund LP (the "Funds"), Mr. Diehl is deemed to hold the stock for the benefit of the Funds.