SEC Form 4 · accession 0001012975-16-001603

Bats Global Markets, Inc. · BATS

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Christopher Mitchell

Director

Period of report

Nov 21, 2016

Accepted (ET)

Nov 23, 2016 · 4:09 pm EST

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 Stock^F1,F2,F3	Nov 21, 2016	S	4,493	$31.2078	D	9,630	I	By Spectrum VI Investment Managers' Fund, L.P.
Common Stock^F1,F2,F3	Nov 21, 2016	S	727	$31.2078	D	1,559	I	By Spectrum VI Co-Investment Fund, L.P.
Common Stock^F1,F2,F3	Nov 21, 2016	S	1,859,633	$31.2078	D	3,984,419	I	By Spectrum Equity Investors VI, L.P.
Common Stock^F4,F3	Nov 22, 2016	S	214	$31.2007	D	9,416	I	By Spectrum VI Investment Managers' Fund, L.P.
Common Stock^F4,F3	Nov 22, 2016	S	35	$31.2007	D	1,524	I	By Spectrum VI Co-Investment Fund, L.P.
Common Stock^F4,F3	Nov 22, 2016	S	88,384	$31.2007	D	3,896,035	I	By Spectrum Equity Investors VI, L.P.

Table II — derivative securities

No Table II lines on this filing.

Explanation of responses

F1The price reflected is the weighted-average sale price for shares purchased. The range of sale prices for the transactions reported was $31.18 to $31.26 per share. The reporting person undertakes to provide, upon request by the SEC staff, full information regarding the number of shares purchased at each separate price.
F2On August 31, 2016, in connection with the liquidation of BGM Holding, L.P. ("BGM"), BGM distributed all of the Issuer's shares that it held to its limited partners, including Spectrum Equity Investors VI, L.P. ("SEI VI") and BGM Spectrum Aggregator LLC ("Aggregator"), 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"). SEI VI, Co-Investment Fund and IMF received 5,844,052 shares, 2,286 shares and 14,123 shares, respectively, in the distribution. The Reporting Person did not report the distribution in reliance on the exemption from reporting provided by Rule 16a-13 under the Securities Exchange Act of 1934.
F3The general partner of SEI VI is Spectrum Equity Associates VI, L.P., the general partner of which is SEA VI Management, LLC ("SEA VI LLC"). The general partner of IMF and Co-Investment Fund is SEA VI LLC. The Reporting Person may be deemed to share voting and dispositive power over securities beneficiallly owned by SEA VI LLC. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest.
F4The price reflected is the weighted-average sale price for shares purchased. The range of sale prices for the transactions reported was $31.20 to $31.22 per share. The reporting person undertakes to provide, upon request by the SEC staff, full information regarding the number of shares purchased at each separate price.