SEC Form 4 · accession 0001209191-16-108212
2U, Inc. · TWOU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy M Haley
Director
Period of report
Mar 10, 2016
Accepted (ET)
Mar 14, 2016 · 6:21 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001459417
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Mar 10, 2016 | J | 1,000,000 | $0.00 | D | 4,213,598 | I | By Redpoint Ventures III, L.P. |
| Common StockF2,F3 | Mar 10, 2016 | J | 38,961 | $0.00 | D | 164,165 | I | By Redpoint Associates III, LLC |
| Common StockF2 | Mar 10, 2016 | J | 307,000 | $0.00 | A | 307,000 | I | By Redpoint Ventures III, LLC |
| Common StockF2 | Mar 10, 2016 | J | 307,000 | $0.00 | D | 0 | I | By Redpoint Ventures III, LLC |
| Common StockF6 | Mar 10, 2016 | J | 38,765 | $0.00 | A | 97,593 | I | By Family Trust |
| Common StockF7 | Mar 10, 2016 | J | 8,814 | $0.00 | A | 24,237 | I | By Partnership |
| Common Stock | holding | — | — | — | 9,900 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents a pro-rata in-kind distribution of Common Stock of the Issuer by Redpoint Ventures III, L.P. ("RV III LP") effected following the close of the trading market on March 10, 2016 without consideration to its limited partners and its general partner, Redpoint Ventures III, LLC ("RV III LLC").
- F2RV III LLC serves as the general partner of RV III LP. The reporting person is a manager of RV III LLC and a manager of RA III. The reporting person disclaims beneficial ownership of the securities reported herein, except to the extent of his pecuniary interest therein.
- F3Represents a pro-rata in-kind distribution of Common Stock of the Issuer by Redpoint Associates III, LLC ("RA III") effected following the close of the trading market on March 10, 2016 without consideration to its members.
- F4Represents a change in the form of ownership from indirect to direct by virtue of the receipt of shares in the pro-rata in-kind distribution of Common Stock of the Issuer by RV III LP described in footnote (1) above.
- F5Represents a pro-rata in-kind distribution of Common Stock of the Issuer by RV III LLC effected following the close of the trading market on March 10, 2016 without consideration to its members.
- F6Represents a change in the form of ownership from one form of indirect to another by virtue of the receipt of shares of Common Stock of the Issuer in the pro-rata in-kind distributions described in footnotes (3) and (5) above. The shares are held by the Haley-McGourty Family Trust U/D/T 9/27/96 (the "Family Trust"). The Reporting Person is a trustee of the Family Trust. The Reporting Person disclaims beneficial ownership of the shares held by the Family Trust except to the extent of his proportionate pecuniary interest therein.
- F7Represents a change in the form of ownership from one form of indirect to another by virtue of the receipt of shares of Common Stock of the Issuer in the pro-rata in-kind distribution described in footnote (5) above. The shares are held by Haley-McGourty Partners (the "Partnership"). The Reporting Person is a general partner of the Partnership. The Reporting Person disclaims beneficial ownership of the shares held by the Partnership except to the extent of his proportionate pecuniary interest therein.