VEPF MANAGEMENT, L.P. 4
4 · Ping Identity Holding Corp. · Filed Jul 10, 2020
Insider Transaction Report
Form 4
VEP Group, LLC
10% Owner
Transactions
- Gift
Common stock, $0.001 par value
2020-07-08−101,898→ 53,705,100 total(indirect: See footnotes)
Footnotes (4)
- [F1]On July 8, 2020, Vista Equity Partners Fund VI, L.P. ("VEPF VI") made a distribution-in-kind of 101,898 shares to Vista Equity Partners Fund VI GP, L.P. ("Fund VI GP") and Fund VI GP made a distribution-in-kind of 101,898 shares to Robert F. Smith, as a limited partner of Fund VI GP.
- [F2]Represents a charitable contribution of the 101,898 shares held by Robert F. Smith following the distribution-in-kind described in footnote (1).
- [F3]Includes (a) 33,188,912 shares held directly by VEPF VI, (b) 20,111,082 shares held directly by Vista Equity Partners Fund VI A, L.P. ("VEPF VI-A") and (c) 405,106 shares held directly by VEPF VI FAF, L.P. (together with VEPF VI and VEPF VI-A, the "Vista Funds"). Fund VI GP is the sole general partner of each of the Vista Funds. Fund VI GP's sole general partner is VEPF VI GP, Ltd. ("Fund VI UGP"). Robert F. Smith is the Sole Director of Fund VI UGP, as well as one of its 11 Members. VEPF Management, L.P. (the "Management Company"), is the sole management company of each of the Vista Funds. The Management Company's sole general partner is VEP Group, LLC ("VEP Group"). Robert F. Smith is the sole Managing Member of VEP Group. Consequently, Mr. Smith, Fund VI GP, Fund VI UGP, the Management Company and VEP Group may be deemed the beneficial owners of the shares held by the Vista Funds.
- [F4]Each of the Vista Funds, Fund VI GP, Fund VI UGP, the Management Company, VEP Group and Mr. Smith expressly disclaim beneficial ownership of any shares not held directly, except to the extent of its or his pecuniary interest.