4//SEC Filing
SLP Aurora Co-Invest, L.P. 4
Accession 0000899243-20-014183
CIK 0001739942other
Filed
May 25, 8:00 PM ET
Accepted
May 26, 4:42 PM ET
Size
10.5 KB
Accession
0000899243-20-014183
Insider Transaction Report
Form 4
SLP Aurora Co-Invest, L.P.
Director10% Owner
Transactions
- Award
Common Stock
2020-05-21+35,793→ 160,347 total(indirect: See footnotes)
Holdings
- 36,726,460(indirect: Held through SLP Aurora Co-Invest, L.P.)
Common Stock
SLP Denali Co-Invest GP, L.L.C.
Director10% Owner
Transactions
- Award
Common Stock
2020-05-21+35,793→ 160,347 total(indirect: See footnotes)
Holdings
- 36,726,460(indirect: Held through SLP Aurora Co-Invest, L.P.)
Common Stock
Footnotes (4)
- [F1]Represents 11,931 restricted stock units awarded to each of Kenneth Y. Hao, Michael J. Bingle and Michael Widmann, directors of the Issuer and executives of Silver Lake Group, L.L.C. ("SLG"), pursuant to the annual equity grant under the Issuer's non-employee director compensation policy that entitles the holder to receive one share of the Issuer's common stock per restricted unit upon vesting. The restricted stock units vest 100% on the one-year anniversary of the grant date, subject to the director's continued service through such date.
- [F2]Represents restricted stock units or shares of common stock held by Kenneth Y. Hao, Michael J. Bingle and Michael Widmann, directors of the Issuer and executives of SLG, and Jason White, a former director of the Issuer and an executive of SLG, as part of the Issuer's non-employee director compensation policy, for the benefit of one or more of the Reporting Persons and/or certain of their affiliates or certain of the funds they manage ("Silver Lake"). Pursuant to Silver Lake's policies with respect to director compensation, upon the sale of these securities, the proceeds from each sale will be expected to be remitted to Silver Lake and/or its limited partners.
- [F3]These securities are directly held by SLP Aurora Co-Invest, L.P. ("SLP Aurora"). The general partner of SLP Aurora is SLP Denali Co-Invest GP, L.L.C. ("SLP Denali GP"). The managing member of SLP Denali GP is Silver Lake Technology Associates III, L.P. ("SLTA III"), and the general partner of SLTA III is SLTA III (GP), L.L.C. ("SLTA III GP"). SLG is the managing member of SLTA III GP.
- [F4]Messrs. Bingle, Hao and Widmann serve as directors of the Issuer and are executives of SLG. Each of SLP Aurora, SLP Denali GP, SLTA III, SLTA III GP, SLG and certain of their affiliates may be deemed to be directors by deputization of the Issuer. This filing shall not be deemed an admission that for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise, that the Reporting Persons are the beneficial owners of any equity securities in excess of their respective pecuniary interests, and each Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein, if any.
Documents
Issuer
SolarWinds Corp
CIK 0001739942
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001755410
Filing Metadata
- Form type
- 4
- Filed
- May 25, 8:00 PM ET
- Accepted
- May 26, 4:42 PM ET
- Size
- 10.5 KB