SEC Form 4 · accession 0001406576-18-000002
Elevate Credit, Inc. · ELVT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Jay C Hoag
Director · 10% Owner · Other
Jon Q Reynolds Jr.
Director · 10% Owner · Other
John Drew
Director · 10% Owner · Other
Rick Kimball
Director · 10% Owner · Other
TCV MANAGEMENT 2004 LLC
Director · 10% Owner · Other
John C. Rosenberg
Director · 10% Owner · Other
Period of report
May 18, 2018
Accepted (ET)
May 22, 2018 · 7:40 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,F2 | May 19, 2018 | M | 13,369 | — | A | 19,479 | D | |
| Common StockF3 | holding | — | — | — | 5,967,123 | I | TCV V, L.P. | |
| Common StockF4 | holding | — | — | — | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Unit (RSU)F5,F2,F1 | — | May 18, 2018 | A | 13,064 | A | — | — | Common Stock | 13,064 | 13,064 | D |
| Restricted Stock Unit (RSU)F6,F2,F1 | — | May 19, 2018 | M | 13,369 | D | — | — | Common Stock | 13,369 | 26,738 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") represents a contingent right to receive one share of the issuer's common stock.
- F2Held of record by John C. Rosenberg for the benefit of TCV Management 2004, L.L.C. ("TCM"). Jay C. Hoag, Jon Q. Reynolds, Jr., Richard H. Kimball and John L. Drew (the "TCM Members") are members of TCM. Mr. Rosenberg and the TCM Members each disclaims beneficial ownership of such RSUs and the underlying shares of the issuer's common stock except to the extent of their pecuniary interest therein.
- F3These securities are directly held by TCV V, L.P. ("TCV V"). The TCM V Members are 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.
- F4These 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.
- F5The RSUs will vest upon the earlier of the one (1) year anniversary of May 18, 2018 or the next annual shareholder meeting.
- F6The RSUs were granted on May 19, 2017. One-third (1/3) of the applicable RSUs vest on each anniversary of May 19, 2017 such that the RSUs shall be fully vested on May 19, 2020.
Remarks
All Reporting Persons may be part of a 13(g) group.