SEC Form 4 · accession 0001209191-16-122176

Bats Global Markets, Inc. · BATS

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

Reporting owners

TA ASSOCIATES, L.P.

10% Owner

TA ATLANTIC & PACIFIC VI LP

10% Owner

TA XI, L.P.

10% Owner

TA INVESTORS IV, L.P.

10% Owner

Period of report

May 18, 2016

Accepted (ET)

May 20, 2016 · 4:27 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
Voting Common Stock^F3,F4	May 18, 2016	C	2,205,445	—	A	2,772,935	I	By TA XI L.P.
Voting Common Stock^F3,F4	May 18, 2016	C	1,519,951	—	A	1,911,055	I	By TA Atlantic and Pacific VI L.P.
Voting Common Stock^F3,F4	May 18, 2016	C	74,475	—	A	93,640	I	By TA Investors IV L.P.
Voting Common Stock^F4,F5	holding	—	—		—	3,401,365	I	By TA XI L.P.
Voting Common Stock^F4,F5	holding	—	—		—	2,344,184	I	TA Atlantic and Pacific VI L.P.
Voting Common Stock^F4,F5	holding	—	—		—	114,910	I	By TA Investors IV L.P.

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	D/I
Non-Voting Common Stock^F4,F6	—	May 18, 2016	C	2,205,445	D	—	—	Voting Common Stock	2,205,445	I
Non-Voting Common Stock^F4,F6	—	May 18, 2016	C	1,519,951	D	—	—	Voting Common Stock	1,519,951	I
Non-Voting Common Stock^F4,F6	—	May 18, 2016	C	74,475	D	—	—	Voting Common Stock	74,475	I

Explanation of responses

F1Transaction exempt from Section 16(b) of the Securities Exchange Act of 1934 (the "Act") pursuant to Rule 16b-6(b) promulgated under the Act.
F2On May 18, 2016, each of the TA Associates Funds converted all of its shares of the issuer's Non-Voting Common Stock into shares of the issuer's Common Stock on a one-for-one basis.
F3Not applicable.
F4TA Associates, L.P. is either the direct or indirect general partner of TA XI L.P., TA Atlantic and Pacific VI L.P. and TA Investors IV L.P. (collectively, the "TA Associates Funds") and has investment and voting control over the shares held by the TA Associates Funds. TA Associates, L.P. disclaims beneficial ownership of the shares held by the TA Associates Funds except to the extent of its pecuniary interest, if any, therein.
F5The shares are held directly by BGM Holdings, L.P. BGM Holdings, L.P. is 50% owned and controlled by the TA Associates Funds, which may be deemed to share voting and dispositive power over 11,720,921 shares held by BGM Holdings, L.P. The TA Associates Funds disclaim beneficial ownership of the shares held by BGM Holdings, L.P. except to the extent of their respective pecuniary interest, if any, therein.
F6As previously reported, as provided in the issuer's certificate of incorporation, each share of Non-Voting Common Stock is convertible into one share of Common Stock following a "qualified transfer." A "qualified transfer" means a sale or other transfer of Non-Voting Common Stock by a holder of such shares (i) in a public offering, (ii) in certain private offerings, (iii) to a transferor that owns or controls more than 50% of the Common Stock of the issuer or (iv) to the issuer. The Non-Voting Common Stock has no expiration date.