SEC Form 4 · accession 0000905148-19-000389
GTY Technology Holdings Inc. · GTYH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
Feb 19, 2019
Accepted (ET)
Feb 22, 2019 · 4:12 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001682325
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A ordinary shares, par value $0.0001 per shareF1,F2,F3,F4 | Feb 19, 2019 | J | 2,111,409 | — | D | 388,591 | I | See footnotes |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrants (right to buy)F3,F4,F5 | $11.50 | holding | — | — | — | — | — | Common Stock | 833,333 | 833,333 | I |
Explanation of responses
- F1In connection with the consummation of the Issuer's initial business combination on February 19, 2019 ("Closing"), these Class A ordinary shares ("Shares") were redeemed by the Issuer for cash at a price of $10.29361779 per Share.
- F2Upon Closing, the remaining Shares were exchanged, on a one-for-one basis, into shares of common stock, par value $0.0001 per share ("Common Stock").
- F3These shares are held directly for the account of Light Street Mercury Master Fund, L.P. ("Mercury"), and indirectly by Light Street Capital Management, LLC ("LSCM") and Glen Thomas Kacher ("Mr. Kacher").
- F4LSCM serves as investment adviser and general partner to Mercury. Mr. Kacher is the Chief Investment Officer and Founder of LSCM. Each of LSCM, Mr. Kacher, and Mercury disclaims beneficial ownership of the Shares reported herein except to the extent of its or his pecuniary interest therein, and the inclusion of such Shares in this report shall not be deemed an admission of beneficial ownership of all of the reported Shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
- F5Upon Closing, each warrant to purchase one Share held by the Reporting Persons became exercisable to purchase one share of Common Stock commencing 30 days following the completion of the business combination, or on March 21, 2019. The warrants expire five years after the completion of the business combination (February 19, 2024), or earlier upon redemption or liquidation.