SEC Form 4 · accession 0001179110-18-007852
Virtu Financial, Inc. · VIRT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Virtu Employee Holdco LLC
Director · 10% Owner · Other
Period of report
Feb 18, 2018
Accepted (ET)
Jun 1, 2018 · 6:19 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001592386
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class C Common StockF1 | May 24, 2018 | D | 696,373 | — | D | 8,973,368 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-voting common interest units of Virtu Financial LLCF2 | — | May 24, 2018 | D | 696,373 | D | — | — | Class A Common Stock | 696,373 | 8,973,368 | D |
Explanation of responses
- F1The Company purchased common units of Virtu Financial LLC held by the reporting person on behalf of one or more current or former employees pursuant to the Company's authorized share repurchase program previously announced on February 8, 2018, and the corresponding shares of Class C Common Stock were repurchased for nominal consideration.
- F2Pursuant to the terms of the Exchange Agreement, effective as of April 15, 2015, by and among the Issuer, Virtu Financial LLC and the equityholders of Virtu Financial LLC (the "Exchange Agreement"), common units of Virtu Financial LLC, together with a corresponding number of shares of Class C Common Stock, may be exchanged for shares of Class A Common Stock, which have one vote per share and economic rights (including rights to dividends and distributions upon liquidation), on a one-for-one basis at the discretion of the holder. The exchange rights under the Exchange Agreement do not expire.