SEC Form 4 · accession 0001209191-18-015877
Tintri, Inc. · TNTR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher J Schaepe
Director · 10% Owner
Period of report
Feb 26, 2018
Accepted (ET)
Mar 2, 2018 · 5:33 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001554875
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Note Purchase Agreement (obligations to purchase)F2,F3,F4,F1 | $7.00 | Feb 26, 2018 | E | 4,275,000 | D | — | — | Common Stock | 610,714 | 0 | I |
Explanation of responses
- F1As previously disclosed, LVP VIII and certain other parties are party to a Note Purchase Agreement, dated May 4, 2017 (as amended, the "Note Purchase Agreement"), pursuant to which Tintri, Inc. (the "Issuer") had the right to issue to LVP VIII and such other parties one or more subordinated convertible promissory notes (the "Notes"). On February 26, 2018, LVP VIII funded its respective amount under the Note Purchase Agreement and was issued a Note with a maturity date 540 days from the date of issuance. Pursuant to the terms of the Note Purchase Agreement, as the maturity date of such Note will occur prior to the date at which the Issuer would have been permitted to convert such amounts into Common Stock, such Note will not be convertible by the Issuer into Common Stock.
- F2Represents the maximum principal amount of the Note that the Issuer could issue to LVP VIII under the Note Purchase Agreement, which, under certain circumstances, the Issuer had the right to convert into shares of Common Stock at a price of $7.00 per share.
- F3Security is held by Lightspeed Venture Partners VIII, L.P. ("LVP VIII").
- F4Lightspeed Ultimate General Partner VIII, Ltd. ("LUGP VIII") is the sole general partner of Lightspeed General Partner VIII, L.P., which serves as the sole general partner of LVP VIII. Barry Eggers, Ravi Mhatre, Peter Y. Nieh and Christopher J. Schaepe, the directors of LUGP VIII, share voting and dispositive power with respect to the shares held of record by LVP VIII. The reporting person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.