SEC Form 4 · accession 0000899243-17-011826
Virtu KCG Holdings LLC · KCG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John A McCarthy
Officer — General Counsel
Period of report
May 2, 2017
Accepted (ET)
May 4, 2017 · 4:19 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001569391
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock, par value $0.01 per shareF1 | May 2, 2017 | X | 40,829 | — | A | 61,829 | D | |
| Class A Common Stock, par value $0.01 per share | May 2, 2017 | S | 26,951 | $19.94 | D | 34,878 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Class A Warrants (right to buy) | $11.70 | May 2, 2017 | X | 13,610 | D | Jul 1, 2013 | Jul 1, 2017 | Class A Common Stock | 13,610 | 0 | D |
| Class A Warrants (right to buy) | $13.16 | May 2, 2017 | X | 13,610 | D | Jul 1, 2013 | Jul 1, 2018 | Class A Common Stock | 13,610 | 0 | D |
| Class A Warrants (right to buy) | $14.63 | May 2, 2017 | X | 13,609 | D | Jul 1, 2013 | Jul 1, 2019 | Class A Common Stock | 13,609 | 0 | D |
Explanation of responses
- F1On May 2, 2017, the reporting person exercised (i) a warrant to purchase 13,610 shares of KCG common stock for $11.70 a share, (ii) a warrant to purchase 13,610 shares of KCG common stock for $13.16 a share and (iii) a warrant to purchase 13,609 shares of KCG common stock for $14.63 a share. The reporting person paid the exercise price of each on a cashless basis, resulting in KCG's withholding of 26,951 of the warrant shares to pay the exercise price and issuing to the reporting person the remaining 13,878 shares. KCG also paid $41.48 to the reporting person in lieu of a fractional share.