4//SEC Filing
CLEARFIELD CAPITAL MANAGEMENT LP 4
Accession 0000902664-22-003005
CIK 0001073349other
Filed
May 16, 8:00 PM ET
Accepted
May 17, 12:27 PM ET
Size
12.4 KB
Accession
0000902664-22-003005
Insider Transaction Report
Form 4
Hilal Philip J.
DirectorOther
Transactions
- Disposition to Issuer
Common Stock, par value $0.001 ("Common Stock")
2022-05-13$57.00/sh−925,000$52,725,000→ 0 total(indirect: See footnote) - OtherSwap
Cash Settled Share Forward (obligation to sell)
2022-05-13−1→ 0 total(indirect: See footnote)From: 2022-02-18Exp: 2032-02-20→ Common Stock (924,900 underlying) - Disposition to Issuer
Common Stock
2022-05-13$57.00/sh−10,000$570,000→ 0 total
Transactions
- Disposition to Issuer
Common Stock, par value $0.001 ("Common Stock")
2022-05-13$57.00/sh−925,000$52,725,000→ 0 total(indirect: See footnote) - Disposition to Issuer
Common Stock
2022-05-13$57.00/sh−10,000$570,000→ 0 total - OtherSwap
Cash Settled Share Forward (obligation to sell)
2022-05-13−1→ 0 total(indirect: See footnote)From: 2022-02-18Exp: 2032-02-20→ Common Stock (924,900 underlying)
Footnotes (3)
- [F1]On May 13, 2022, Project RB Merger Sub, Inc., a Delaware corporation ("Merger Sub") and a wholly owned subsidiary of Bottomline Intermediate Holdings III, LLC (formerly known as Project RB Parent, LLC), a Delaware limited liability company ("Parent"), completed its merger (the "Merger") with and into Bottomline Technologies, Inc., a Delaware corporation (the "Company"), pursuant to the terms of the Agreement and Plan of Merger, dated December 16, 2021, by and among Parent, Merger Sub and the Company. The Company was the surviving corporation in the Merger and, as a result, is now a wholly owned subsidiary of Parent. Parent and Merger Sub are affiliates of Thoma Bravo Fund XV, L.P., managed by Thoma Bravo, L.P. As of the effective time of the Merger, each share of common stock of the Company outstanding immediately prior to the effective time of the Merger was converted into the right to receive $57.00 in cash, subject to applicable withholding taxes.
- [F2]This Form 4 is filed by Clearfield Capital Management LP ("Clearfield") and Philip J. Hilal ("Mr. Hilal") with respect to the securities previously held by a certain fund or funds to which Clearfield serves as investment manager. Mr. Hilal is the Chief Investment Officer of Clearfield and the managing member of Clearfield Capital Management GP LLC, the general partner of Clearfield.
- [F3]The cash-settled forward agreement settled pursuant to its terms at a settlement price of $57.00.
Documents
Issuer
BOTTOMLINE TECHNOLOGIES INC
CIK 0001073349
Entity typeother
Related Parties
1- filerCIK 0001643569
Filing Metadata
- Form type
- 4
- Filed
- May 16, 8:00 PM ET
- Accepted
- May 17, 12:27 PM ET
- Size
- 12.4 KB