Spencer James 4

Accession 0000895345-20-000049

CIK 0001758730other

View on SEC.gov Company Profile

Filed

Feb 3, 7:00 PM ET

Accepted

Feb 4, 5:36 PM ET

Size

27.2 KB

Accession

0000895345-20-000049

Insider Transaction Report

Form 4

Period: 2020-01-31

Tradeweb Markets Inc.TW

Spencer James

Chief Technology Officer

Transactions

Exercise/Conversion
Class A common stock
2020-02-04$20.59/sh+5,104$105,091→ 63,437 total
Exercise/Conversion
Non-voting common units of Tradeweb Markets LLC
2020-01-31−35,367→ 0 total
→ Class A common stock (35,367 underlying)
Sale
Class A common stock
2020-01-31$45.05/sh−35,367$1,593,393→ 73,374 total
Tax Payment
Class A common stock
2020-02-03$46.18/sh−16,106$743,775→ 57,268 total
Sale
Class A common stock
2020-02-04$47.00/sh−5,104$239,899→ 58,333 total
Exercise/Conversion
Stock Option (Right to Buy)
2020-02-04−5,104→ 302,579 total
Exercise: $20.59Exp: 2028-10-26→ Class A common stock (5,104 underlying)
Award
Class A common stock
2020-02-03+1,065→ 58,333 total
Exercise/Conversion
Class A common stock
2020-02-03$20.59/sh+2,300$47,357→ 60,633 total
Sale
Class A common stock
2020-02-03$47.02/sh−2,300$108,156→ 58,333 total
Exercise/Conversion
Class A common stock
2020-01-31+35,367→ 108,741 total
Other
Class D common stock
2020-01-31−35,367→ 0 total
→ Class A common stock (35,367 underlying)
Exercise/Conversion
Stock Option (Right to Buy)
2020-02-03−2,300→ 307,683 total
Exercise: $20.59Exp: 2028-10-26→ Class A common stock (2,300 underlying)

Footnotes (13)

[F1]This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 13, 2019.
[F10]Pursuant to the terms of the limited liability company agreement for Tradeweb Markets LLC, LLC Units may be exchanged for shares of Class A Common Stock or Class B common stock of the issuer, in each case, on a one-for-one basis at the discretion of the holder. Upon such an exchange, a corresponding number of shares of Class D common stock of the issuer ("Class D Common Stock") (or shares of the issuer's Class C common stock ("Class C Common Stock"), in the event the reporting person exchanged their shares of Class D Common Stock as described in footnote 11 to this Form 4) will be canceled. These exchange rights do not expire.
[F11]Shares of Class D Common Stock have ten votes per share but no economic rights (including rights to dividends or, other than their par value, any distribution upon liquidation) and are issued in an equal amount to the number of LLC Units held. Shares of Class D Common Stock are exchangeable for shares of Class C Common Stock, which have one vote per share but no economic rights (other than their par value upon liquidation), on a one-for-one basis at the discretion of the holder. These exchange rights do not expire.
[F12]Reflects the cancellation for no consideration of a number of shares of Class D Common Stock in connection with the exchange by the reporting person of an equal number of LLC Units for Class A Common Stock.
[F13]This option is fully vested and exercisable as of the date hereof.
[F2]Represents shares of the issuer's Class A common stock ("Class A Common Stock") that were obtained in exchange for an equal number of non-voting common units of Tradeweb Markets LLC, a subsidiary of the issuer (the "LLC Units"). The LLC Units may be exchanged for an equal number of shares of Class A Common Stock, as described in footnote 10 to this Form 4.
[F3]This amount includes 31,663 unvested restricted stock units ("RSUs") in respect of Class A Common Stock which are scheduled to vest on January 1, 2021, subject to the reporting person's continued employment through the vesting date. This amount also includes 35,711 vested RSUs which were settled on February 3, 2020.
[F4]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.00 to $45.23, inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes 4, 8 and 9 to this Form 4.
[F5]Represents shares withheld by the issuer to satisfy the tax withholding obligation associated with the settlement of RSUs in respect of Class A Common Stock held by the reporting person.
[F6]This amount includes 31,663 unvested RSUs in respect of Class A Common Stock which are scheduled to vest on January 1, 2021, subject to the reporting person's continued employment through the vesting date.
[F7]Represents shares of Class A Common Stock acquired in connection with the settlement of certain dividend equivalent rights (the "DERs"). The DERs were granted in connection with previously awarded RSUs, and settled in shares of Class A Common Stock in connection with the settlement of the RSUs to which they relate.
[F8]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $47.00 to $47.05, inclusive.
[F9]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $47.00 to $47.02, inclusive.

Documents

1 file

4
form4.xmlPrimary

Issuer

Tradeweb Markets Inc.

CIK 0001758730

→

Entity typeother

Related Parties

filerCIK 0001771296

Filing Metadata

Form type: 4
Filed: Feb 3, 7:00 PM ET
Accepted: Feb 4, 5:36 PM ET
Size: 27.2 KB

View on SEC.gov