SEC Form 4 · accession 0001283643-17-000002
Elevate Credit, Inc. · ELVT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Jay C Hoag
10% Owner · Other
Jon Q Reynolds Jr.
10% Owner · Other
John Drew
10% Owner · Other
Rick Kimball
10% Owner · Other
TCV V LP
10% Owner · Other
TECHNOLOGY CROSSOVER MANAGEMENT V LLC
10% Owner · Other
TCV Member Fund, L.P.
10% Owner · Other
John C. Rosenberg
10% Owner · Other
Period of report
Apr 10, 2017
Accepted (ET)
Apr 12, 2017 · 6:16 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001651094
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F4 | Apr 10, 2017 | C | 37,055 | — | A | 37,055 | I | TCV V, L.P. |
| Common StockF2,F4 | Apr 10, 2017 | C | 920,537 | — | A | 957,593 | I | TCV V, L.P. |
| Common StockF2,F4 | Apr 10, 2017 | C | 4,931,037 | — | A | 5,888,631 | I | TCV V, L.P. |
| Common StockF4 | Apr 10, 2017 | P | 78,494 | $6.50 | A | 5,967,123 | I | TCV V, L.P. |
| Common StockF1,F5 | Apr 10, 2017 | C | 715 | — | A | 715 | I | TCV Member Fund, L.P. |
| Common StockF3,F5 | Apr 10, 2017 | C | 17,695 | — | A | 18,410 | I | TCV Member Fund, L.P. |
| Common StockF3,F5 | Apr 10, 2017 | C | 98,370 | — | A | 116,780 | I | TCV Member Fund, L.P. |
| Common StockF5 | Apr 10, 2017 | P | 1,506 | $6.50 | A | 118,286 | I | TCV Member Fund, L.P. |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series A Preferred StockF4,F2,F1 | — | Apr 10, 2017 | C | 368,215 | D | — | — | Common Stock | 920,537 | 0 | I |
| Series A Preferred StockF5,F2,F1 | — | Apr 10, 2017 | C | 7,078 | D | — | — | Common Stock | 17,695 | 0 | I |
| Series B Preferred StockF4,F3,F1 | — | Apr 10, 2017 | C | 1,972,415 | D | — | — | Common Stock | 4,931,037 | 0 | I |
| Series B Preferred StockF5,F3,F1 | — | Apr 10, 2017 | C | 39,348 | D | — | — | Common Stock | 98,370 | 0 | I |
Explanation of responses
- F1Reflects a 2.5-for-1 forward stock split which became effective on April 10, 2017.
- F2The Series A preferred stock converted into issuer common stock on a 1-for-1 basis and has no expiration date.
- F3The Series B preferred stock converted into issuer common stock on a 1-for-1 basis and has no expiration date.
- F4These securities are directly held by TCV V, L.P. ("TCV V"). Jay C. Hoag, Richard H. Kimball, John L. Drew, and Jon Q. Reynolds are Class A Members (collectively, the "TCM V Members") and John C. Rosenberg is an Assignee of Technology Crossover Management V, L.L.C. ("TCM V") which is the general partner of TCV V. The TCM V Members, Mr. Rosenberg and TCM V may be deemed to beneficially own the securities held by TCV V, but each of the TCM V Members, Mr. Rosenberg and TCM V disclaim beneficial ownership of such securities except to the extent of their pecuniary interest therein.
- F5These securities are directly held by TCV Member Fund, L.P. ("TCV Member Fund"). The TCM V Members are Members and Mr. Rosenberg is an Assignee of TCM V, which is a general partner of TCV Member Fund. The TCM V Members and Mr. Rosenberg are also limited partners of TCV Member Fund. The TCM V Members, Mr. Rosenberg and TCM V may be deemed to beneficially own the securities held by TCV Member Fund, but each of the TCM V Members, Mr. Rosenberg and TCM V disclaim beneficial ownership of such securities except to the extent of their pecuniary interest therein.