SEC Form 4 · accession 0001019687-16-005904
Diligent Corp · DIL.NZ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Apr 14, 2016 | J | 5,896,973 | $4.90 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series A Preferred StockF2 | $4.90 | Apr 14, 2016 | J | 20,000,000 | D | — | — | Common Stock | 20,000,000 | 0 | D |
Explanation of responses
- F1On February 12, 2016 the Issuer entered into a Merger Agreement (the "Merger Agreement") among the Issuer and certain affiliates of Insight Venture Partners ("Insight"). At the closing of the Merger Agreement on April 14, 2016 all shares of the Issuer's Series A Preferred Stock were converted into Common Stock and shareholders of the Issuer's Common Stock received US$4.90 in exchange for each share of Common Stock.
- F2N/A
Remarks
This Form 4 is being filed jointly by (1) Spring Street Partners, L.P., a limited partnership organized under the Illinois Revised Uniform Limited Partnership Act of 1986 ("Spring Street") and (ii) West Broadway Advisors, L.L.C., a limited liability company formed under the Delaware Limited Liability Company Act (each individually, a "Reporting Person" or collectively, the "Reporting Persons"). The Reporting Person may be deemed to be a director of the Issuer by virtue of David J. Liptak serving as its representative on the Issuer's board of directors. David Liptak is the sole member and manager of West Broadway Advisors, L.L.C.