SEC Form 4 · accession 0001144204-18-049693
CISION LTD. · CISN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Canyon Holdings (Cayman), L.P.
Director · 10% Owner
GTCR INVESTMENT X AIV LTD.
Director · 10% Owner
CANYON PARTNERS, LTD.
Director · 10% Owner
Period of report
Sep 17, 2018
Accepted (ET)
Sep 17, 2018 · 5:16 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001701040
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Ordinary SharesF1,F2,F3 | Sep 17, 2018 | S | 11,044,991 | $15.44 | D | 57,147,221 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents ordinary shares of Cision Ltd. (the "Issuer") sold by Canyon Holdings (Cayman), L.P. ("Canyon Holdings") pursuant to the offering of ordinary shares of the Issuer on Form S-3 as contemplated by that certain underwriting agreement, dated September 12, 2018, among the Issuer, Canyon Holdings and the other selling shareholders named therein, and Deutsche Bank Securities Inc., Citigroup Global Markets Inc. and Goldman Sachs & Co. LLC as representatives of the several underwriters named therein. The selling price of such shares was $15.44 per share, which represents the price to public less the underwriting discount and commission.
- F2Canyon Holdings is the direct beneficial owner of the securities reported in Table I. Canyon Partners, Ltd. ("Canyon Partners") is the general partner of Canyon Holdings and GTCR Investment X AIV Ltd. ("GTCR AIV") is the sole shareholder of Canyon Partners. Canyon Holdings and GTCR AIV are each managed by a ten-member board of directors (respectively, the "Canyon Board of Directors" and the "AIV Board of Directors").
- F3Canyon Partners, GTCR AIV and the individual members of each of the Canyon Board of Directors and the AIV Board of Directors disclaim beneficial ownership of the securities reported in Table I except to the extent of his, her or its pecuniary interest therein, and this report shall not be deemed an admission that any such person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.