SEC Form 4 · accession 0001144204-18-048861
On Deck Capital, Inc. · ONDK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Hartwig
Director
Period of report
Sep 6, 2018
Accepted (ET)
Sep 10, 2018 · 4:29 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001420811
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Sep 6, 2018 | J | 1,608,855 | $0.00 | D | 3,790,903 | I | See footnote |
| Common StockF3 | holding | — | — | — | 286,596 | I | See footnote | |
| Common Stock | holding | — | — | — | 63,313 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Sapphire Ventures Fund I, L.P. ("Sapphire Ventures LP") made a pro-rata distribution for no consideration of Common Stock of On Deck Capital, Inc. (the "Issuer") to its general partner and limited partner on September 6, 2018. The limited partner received 1,608,855 shares in the distribution. Sapphire Ventures (GPE) I, L.L.C. ("Sapphire GP"), the general partner of Sapphire Ventures LP, received 286,596 shares in the distribution (a change of form of beneficial ownership without a change of pecuniary interest exempt from reporting under Rule 16a-13). The total number of shares distributed was 1,895,451 shares.
- F2The reported shares are held of record by Sapphire Ventures LP. The Reporting Person is a managing member of Sapphire GP and may be deemed to have an indirect pecuniary interest in such shares through his interest in Sapphire GP. His exact pecuniary interest therein is not readily determinable because it is subject to several variables, including without limitation, the rates of return of Sapphire Ventures LP overall with respect to its indirect investment in the Issuer. The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of his pecuniary interest therein.
- F3The reported shares are held of record by Sapphire GP (see footnote 1). The Reporting Person is a managing member of Sapphire GP and may be deemed to have an indirect pecuniary interest in such shares through his interest in the Sapphire GP. His exact pecuniary interest therein is not readily determinable because it is subject to several variables, including without limitation, the rates of return of Sapphire Ventures LP overall with respect to its indirect investment in the Issuer. The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of his pecuniary interest therein.