Promerica Capital LLC 4
4 · CarGurus, Inc. · Filed Oct 18, 2017
Insider Transaction Report
Form 4
CarGurus, Inc.CARG
Promerica Capital LLC
10% Owner
Transactions
- Conversion
Class A Common Stock
2017-10-16+4,584,007→ 4,584,007 total - Sale
Class A Common Stock
2017-10-16$14.88/sh−458,000$6,815,040→ 4,126,007 total - Conversion
Series B Convertible Preferred Stock
2017-10-16−267,481→ 0 total→ Class A Common Stock (1,604,886 underlying) - Conversion
Series A Convertible Preferred Stock
2017-10-16−262,218→ 0 total→ Class A Common Stock (1,573,309 underlying) - Conversion
Series C Convertible Preferred Stock
2017-10-16−234,302→ 0 total→ Class A Common Stock (1,405,812 underlying)
Footnotes (2)
- [F1]Each share of the Issuer's Series A Convertible Preferred Stock converted into 6.0000023 shares of the Issuer's Class A Common Stock upon the closing of the Issuer's sale of its Class A Common Stock in its firm commitment underwritten initial public offering pursuant to a registration statement on Form S-1 (File No. 333-220495) under the Securities Act of 1933, as amended (the "IPO"), and had no expiration date. Each share of the Issuer's Series B Convertible Preferred Stock converted into 6.0000015 shares of the Issuer's Class A Common Stock upon closing of the IPO and had no expiration date. Each share of the Issuer's Series C Convertible Preferred Stock converted into 6 shares of the Issuer's Class A Common Stock upon closing of the IPO and had no expiration date.
- [F2]The reporting person is the direct beneficial owner of the shares. Anastasios Parafestas, a director of the Issuer, has sole voting and investment power over the shares and is an indirect beneficial owner of the shares.