SEC Form 4 · accession 0001012975-16-001488
Bats Global Markets, Inc. · BATS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
BGM Holding, L.P.
10% Owner
Period of report
Aug 31, 2016
Accepted (ET)
Aug 31, 2016 · 4:15 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001659228
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2,F1 | Aug 31, 2016 | J | 11,720,921 | — | D | 0 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On August 31, 2016, in connection with the liquidation of BGM Holding, L.P. ("BGM"), BGM distributed the reported securities to its limited partners, Spectrum Equity Investors VI, L.P. ("SEI VI"), BGM Spectrum Aggregator LLC ("Aggregator"), TA XI, L.P., TA Atlantic and Pacific VI, L.P. and TA Investors IV, L.P., in accordance with BGM's Amended and Restated Limited Partnership Agreement. The Aggregator then distributed the shares it received from BGM to Spectrum VI Co-Investment Fund, L.P. ("Co-Investment Fund") and Spectrum VI Investment Managers Fund, L.P. ("IMF"). All distributions discussed in this footnote were pro rata and not for consideration. SEI VI, Co-Investment Fund, IMF, TA XI, L.P., TA Atlantic and Pacific VI, L.P. and TA Investors IV, L.P. have entered into lock-up agreements relating to the reported securities on substantially the same terms as the lock-up agreement previously entered into by BGM in connection with the initial public offering of the reported securities.
- F2The amount of shares set forth in this Form 4 reflect a 1-for-2.91 stock split that was consummated immediately before the completion of the Issuer's initial public offering.