SEC Form 4 · accession 0000950142-15-000442

GoPro, Inc. · GPRO

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Edward A Gilhuly

Director

Period of report

Feb 18, 2015

Accepted (ET)

Feb 20, 2015 · 4:46 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001500435

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Class A Common Stock^F1	Feb 18, 2015	C	1,000,000	$0.00	A	1,000,000	I	By Sageview Capital Master, L.P.
Class A Common Stock^F2,F1	Feb 18, 2015	S	202,002	$47.0957	D	797,998	I	By Sageview Capital Master, L.P.
Class A Common Stock^F3,F1	Feb 18, 2015	S	247,998	$47.5656	D	550,000	I	By Sageview Capital Master, L.P.
Class A Common Stock^F4,F1	Feb 19, 2015	S	165,754	$45.3698	D	384,246	I	By Sageview Capital Master, L.P.
Class A Common Stock^F5,F1	Feb 19, 2015	S	84,246	$46.0953	D	300,000	I	By Sageview Capital Master, L.P.
Class A Common Stock^F6,F1	Feb 20, 2015	S	208,806	$44.7918	D	91,194	I	By Sageview Capital Master, L.P.
Class A Common Stock^F7,F1	Feb 20, 2015	S	91,194	$45.2372	D	0	I	By Sageview Capital Master, L.P.
Class A Common Stock^F8	holding	—	—		—	790	D

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Class B Common Stock^F1,F9	—	Feb 18, 2015	C	1,000,000	D	—	—	Class A Common Stock	1,000,000	4,569,417	I

Explanation of responses

F1Shares held by Sageview Capital Master, L.P. ("Sageview Master"). Sageview Capital Partners (A), L.P. ("Sageview A"), Sageview Capital Partners (B), L.P. ("Sageview B") and Sageview Partners (C) (Master), L.P. ("Sageview C") are the shareholders of Sageview Master. Sageview Capital GenPar, Ltd. ("Sageview Ltd") is the sole general partner of each of Sageview Master, Sageview A, Sageview B and Sageview C. Sageview Capital GenPar, L.P. ("Sageview GenPar") is the sole shareholder of Sageview Ltd. Sageview Capital MGP, LLC is the sole general partner of Sageview GenPar. Edward Gilhuly is a managing member and controlling person of Sageview Capital MGP, LLC. As a managing member of Sageview Capital MGP, LLC, Mr. Gilhuly may be deemed to share voting and investment power over these shares. Mr. Gilhuly disclaims beneficial ownership of the shares except to the extent of its pecuniary interest therein, if any.
F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $46.47 to $47.24, inclusive. The reporting person undertakes to provide to GoPro, Inc., any security holder of GoPro, 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 ranges set forth in footnotes (2), (3), (4), (5), (6) and (7) to this Form 4.
F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $47.25 to $48.21, inclusive.
F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.00 to $45.99, inclusive.
F5The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $46.00 to $46.43, inclusive.
F6The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $44.50 to $45.00, inclusive.
F7The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.01 to $45.81, inclusive.
F8The Reporting Person is a managing and control person of Sageview Capital LP ("Sageview Capital"). These shares were issued to Mr. Edward A. Gilhuly as part of the annual retainer for his board service. Pursuant to the terms of his arrangement with Sageview Capital and certain related entities, the right to receive such shares will be transferred immediately after vesting to Sageview Capital.
F9Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock and has no expiration date. The Class B Common Stock is also convertible into Class A Common Stock on the same basis upon any transfer, whether or not for value, except for "Permitted Transfers" as defined in the Issuer's restated certificate of incorporation in effect as of the date hereof. Each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon the date when the outstanding shares of Class B Common Stock represent less than 10% of the aggregate number of shares of Common Stock then outstanding.