SEC Form 4 · accession 0001179110-17-003560
Bats Global Markets, Inc. · BATS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alan Freudenstein
Director
Period of report
Feb 28, 2017
Accepted (ET)
Mar 2, 2017 · 10:19 am 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 |
|---|---|---|---|---|---|---|---|---|
| Non-voting Common StockF1,F2 | Feb 28, 2017 | D | 2,007,900 | — | D | 0 | I | By Credit Suisse NEXT Investors, LLC |
| Voting Common StockF1,F2 | Feb 28, 2017 | D | 3,668,741 | — | D | 0 | I | By Credit Suisse NEXT Investors, LLC |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1As of the effective time (the "Effective Time") of the transactions contemplated by the Agreement and Plan of Merger by and among the Issuer, CBOE Holdings, Inc. ("CBOE"), CBOE Corporation and CBOE V, LLC, dated as of September 25, 2016 (the "Merger Agreement"), each outstanding share of common stock of the Issuer ("Common Stock") was canceled and converted into the right to receive (i) 0.3201 of a share of common stock of CBOE, par value $0.01 per share ("CBOE Common Stock") and $10.00 in cash, (ii) an amount of cash, without interest, equal to the sum of (a) $10 and (b) the product obtained by multiplying 0.3201 by the volume-weighted average price of shares of CBOE Common Stock for the period of the ten consecutive trading days ending on the second full trading day prior to the Effective Time (the "Closing VWAP"), or (iii) a number of shares of CBOE Common Stock equal to the sum of (a)0.3201 and (b) the quotient obtained by dividing $10 by the Closing VWAP (the "Exchange Ratio").
- F2The shares listed above are held of record by Credit Suisse NEXT Investors, LLC. Mr. Freudenstein is an affiliate of this entity. This filing shall not be deemed to be an admission that Mr. Freudenstein is the beneficial owner of any of the securities reported herein, and Mr. Freudenstein disclaims beneficial ownership with respect to all shares beneficially owned by Credit Suisse NEXT Investors, LLC, except to the extent of his pecuniary interests therein. Credit Suisse NEXT Investors, LLC's investment adviser is Credit Suisse Asset Management, LLC, whose ultimate parent is Credit Suisse Group A.G.