4//SEC Filing
Hill Path D Fund LP 4
Accession 0000921895-22-001441
CIK 0001525769other
Filed
May 1, 8:00 PM ET
Accepted
May 2, 8:30 PM ET
Size
29.6 KB
Accession
0000921895-22-001441
Insider Transaction Report
Form 4
HP D GP LLC
Other
Transactions
- PurchaseSwap
Cash-Settled Total Return Swap
2022-04-29$45.91/sh+80,707$3,705,000→ 80,707 total(indirect: By Hill Path D Fund LP)Exp: 2029-04-09→ Common Stock (80,707 underlying) - PurchaseSwap
Cash-Settled Total Return Swap
2022-05-02$45.69/sh+59,579$2,721,873→ 59,579 total(indirect: By Hill Path Capital Partners II LP)Exp: 2029-04-09→ Common Stock (59,579 underlying) - PurchaseSwap
Cash-Settled Total Return Swap
2022-04-28$46.60/sh+86,271$4,019,996→ 86,271 total(indirect: By Hill Path Capital Partners II LP)Exp: 2029-04-09→ Common Stock (86,271 underlying) - PurchaseSwap
Cash-Settled Total Return Swap
2022-04-28$46.60/sh+86,271$4,019,996→ 86,271 total(indirect: By Hill Path D Fund LP)Exp: 2029-04-09→ Common Stock (86,271 underlying) - PurchaseSwap
Cash-Settled Total Return Swap
2022-04-29$45.91/sh+80,708$3,705,046→ 80,708 total(indirect: By Hill Path Capital Partners II LP)Exp: 2029-04-09→ Common Stock (80,708 underlying) - PurchaseSwap
Cash-Settled Total Return Swap
2022-05-02$45.69/sh+92,366$4,219,750→ 92,366 total(indirect: By Hill Path D Fund LP)Exp: 2029-04-09→ Common Stock (92,366 underlying)
Holdings
- 2,095,246(indirect: By Hill Path Capital Partners LP)
Common Stock
- 2,869,527(indirect: By Hill Path Capital Partners II LP)
Common Stock
- 53,231(indirect: By Hill Path Capital Co-Investment Partners LP)
Common Stock
Hill Path D Fund LP
Other
Transactions
- PurchaseSwap
Cash-Settled Total Return Swap
2022-05-02$45.69/sh+92,366$4,219,750→ 92,366 total(indirect: By Hill Path D Fund LP)Exp: 2029-04-09→ Common Stock (92,366 underlying) - PurchaseSwap
Cash-Settled Total Return Swap
2022-04-28$46.60/sh+86,271$4,019,996→ 86,271 total(indirect: By Hill Path D Fund LP)Exp: 2029-04-09→ Common Stock (86,271 underlying) - PurchaseSwap
Cash-Settled Total Return Swap
2022-04-28$46.60/sh+86,271$4,019,996→ 86,271 total(indirect: By Hill Path Capital Partners II LP)Exp: 2029-04-09→ Common Stock (86,271 underlying) - PurchaseSwap
Cash-Settled Total Return Swap
2022-04-29$45.91/sh+80,708$3,705,046→ 80,708 total(indirect: By Hill Path Capital Partners II LP)Exp: 2029-04-09→ Common Stock (80,708 underlying) - PurchaseSwap
Cash-Settled Total Return Swap
2022-05-02$45.69/sh+59,579$2,721,873→ 59,579 total(indirect: By Hill Path Capital Partners II LP)Exp: 2029-04-09→ Common Stock (59,579 underlying) - PurchaseSwap
Cash-Settled Total Return Swap
2022-04-29$45.91/sh+80,707$3,705,000→ 80,707 total(indirect: By Hill Path D Fund LP)Exp: 2029-04-09→ Common Stock (80,707 underlying)
Holdings
- 2,095,246(indirect: By Hill Path Capital Partners LP)
Common Stock
- 2,869,527(indirect: By Hill Path Capital Partners II LP)
Common Stock
- 53,231(indirect: By Hill Path Capital Co-Investment Partners LP)
Common Stock
Footnotes (9)
- [F1]This Form 4 is filed jointly by Hill Path Capital Partners LP ("Hill Path Capital"), Hill Path Capital Partners II LP ("Hill Path Capital II"), Hill Path Co-Investment Partners LP ("Hill Path Co-Investment"), Hill Path D Fund LP ("Hill Path D Fund"), Hill Path Capital Partners GP LLC ("Hill Path GP"), Hill Path Capital Partners II GP LLC ("Hill Path GP II"), HP D GP LLC ("HP D GP"), Hill Path Investment Holdings LLC ("Hill Path Investment Holdings"), Hill Path Investment Holdings II LLC ("Hill Path Investment Holdings II"), Hill Path Capital LP ("Hill Path"), Hill Path Holdings LLC ("Hill Path Holdings") and Scott Ross ("Mr. Ross," and collectively with the aforementioned entities, the "Reporting Persons").
- [F2]To enable the Reporting Persons to gain access to the Securities and Exchange Commission's electronic filing system (which only accepts a maximum of 10 joint filers per report), this report is the second of two identical reports relating to the same transactions being filed with the Securities and Exchange Commission. Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that collectively beneficially own more than 10% of the Issuer's outstanding shares of Common Stock (the "Common Stock"). Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- [F3]Shares of Common Stock owned directly by Hill Path Capital. Hill Path GP, as the general partner of Hill Path Capital, may be deemed to beneficially own the shares of Common Stock owned directly by Hill Path Capital. Hill Path Investment Holdings, as the managing member of Hill Path GP, may be deemed to beneficially own the shares of Common Stock owned directly by Hill Path Capital. Hill Path, as the investment manager of Hill Path Capital, may be deemed to beneficially own the shares of Common Stock owned directly by Hill Path Capital. Hill Path Holdings, as the general partner of Hill Path, may be deemed to beneficially own the shares of Common Stock owned directly by Hill Path Capital. Mr. Ross, as the managing partner of each of Hill Path Investment Holdings, Hill Path and Hill Path Holdings, may be deemed to beneficially own the shares of Common Stock owned directly by Hill Path Capital.
- [F4]Shares of Common Stock owned directly by Hill Path Capital II. Hill Path GP II, as the general partner of Hill Path Capital II, may be deemed to beneficially own the shares of Common Stock owned directly by Hill Path Capital II. Hill Path Investment Holdings II, as the managing member of Hill Path GP II, may be deemed to beneficially own the shares of Common Stock owned directly by Hill Path Capital II. Hill Path, as the investment manager of Hill Path Capital II, may be deemed to beneficially own the shares of Common Stock owned directly by Hill Path Capital II. Hill Path Holdings, as the general partner of Hill Path, may be deemed to beneficially own the shares of Common Stock owned directly by Hill Path Capital II. Mr. Ross, as the managing partner of each of Hill Path Investment Holdings II, Hill Path and Hill Path Holdings, may be deemed to beneficially own the shares of Common Stock owned directly by Hill Path Capital II.
- [F5]Shares of Common Stock owned directly by Hill Path Co-Investment. Hill Path GP, as the general partner of Hill Path Co-Investment, may be deemed to beneficially own the shares of Common Stock owned directly by Hill Path Co-Investment. Hill Path Investment Holdings, as the managing member of Hill Path GP, may be deemed to beneficially own the shares of Common Stock owned directly by Hill Path Co-Investment. Hill Path, as the investment manager of Hill Path Co-Investment, may be deemed to beneficially own the shares of Common Stock owned directly by Hill Path Co-Investment. Hill Path Holdings, as the general partner of Hill Path, may be deemed to beneficially own the shares of Common Stock owned directly by Hill Path Co-Investment. Mr. Ross, as the managing partner of each of Hill Path Investment Holdings, Hill Path and Hill Path Holdings, may be deemed to beneficially own the shares of Common Stock owned directly by Hill Path Co-Investment.
- [F6]Securities owned directly by Hill Path Capital II. Hill Path GP II, as the general partner of Hill Path Capital II, may be deemed to beneficially own the securities owned directly by Hill Path Capital II. Hill Path Investment Holdings II, as the managing member of Hill Path GP II, may be deemed to beneficially own the securities owned directly by Hill Path Capital II. Hill Path, as the investment manager of Hill Path Capital II, may be deemed to beneficially own the securities owned directly by Hill Path Capital II. Hill Path Holdings, as the general partner of Hill Path, may be deemed to beneficially own the securities owned directly by Hill Path Capital II. Mr. Ross, as the managing partner of each of Hill Path Investment Holdings II, Hill Path and Hill Path Holdings, may be deemed to beneficially own the securities owned directly by Hill Path Capital II.
- [F7]To date, Hill Path Capital II and Hill Path D Fund (collectively, the "Hill Funds") have entered into cash-settled total return swap agreements with an unaffiliated third party financial institution as the counterparty (collectively, the "Swaps") that establish economic exposure to an aggregate of 1,116,491 notional shares of Common Stock and an aggregate of 421,579 notional shares of Common Stock, respectively. To date, the Swaps provide the Hill Funds with economic exposure to an aggregate of 1,538,070 notional shares of Common Stock (the "Subject Shares") and provide the Hill Funds with economic results that are comparable to the economic results of ownership but do not provide the Hill Funds with the power to vote or direct the voting or dispose of or direct the disposition of the Subject Shares. The transactions reported herein were effected in compliance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
- [F8]The termination date of the Swaps will be automatically extended by thirty-six months unless the counterparty elects not to so extend the termination date at least one year prior thereto.
- [F9]Securities owned directly by Hill Path D Fund. HP D GP, as the general partner of Hill Path D Fund, may be deemed to beneficially own the securities owned directly by Hill Path D Fund. Hill Path Investment Holdings II, as the managing member of HP D GP, may be deemed to beneficially own the securities owned directly by Hill Path D Fund. Hill Path, as the investment manager of Hill Path D Fund, may be deemed to beneficially own the securities owned directly by Hill Path D Fund. Hill Path Holdings, as the general partner of Hill Path, may be deemed to beneficially own the securities owned directly by Hill Path D Fund. Mr. Ross, as the managing partner of each of Hill Path Investment Holdings II, Hill Path and Hill Path Holdings, may be deemed to beneficially own the securities owned directly by Hill Path D Fund.
Documents
Issuer
Dave & Buster's Entertainment, Inc.
CIK 0001525769
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001839267
Filing Metadata
- Form type
- 4
- Filed
- May 1, 8:00 PM ET
- Accepted
- May 2, 8:30 PM ET
- Size
- 29.6 KB