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YELP INC 4

Accession 0001181431-13-045162

$YELPCIK 0001345016operating
View on SEC.govCompany Profile

Filed

Aug 14, 8:00 PM ET

Accepted

Aug 15, 9:39 PM ET

Size

43.9 KB

Accession

0001181431-13-045162

Insider Transaction Report

Form 4
Period: 2013-08-13
YELP INCYELP
Hewson Paul
10% Owner
Transactions
  • Sale

    Class A Common Stock

    2013-08-14$51.39/sh−23$1,182→ 0 total(indirect: See Footnote)
  • Conversion

    Class B Common Stock

    2013-08-13−118,515→ 2,973,428 total
    Exercise: $0.00→ Class A Common Stock (118,515 underlying)
  • Conversion

    Class B Common Stock

    2013-08-14−72,277→ 2,901,151 total
    Exercise: $0.00→ Class A Common Stock (72,277 underlying)
  • Conversion

    Class B Common Stock

    2013-08-13−35→ 863 total(indirect: See Footnote)
    Exercise: $0.00→ Class A Common Stock (35 underlying)
  • Conversion

    Class B Common Stock

    2013-08-14−23→ 840 total(indirect: See Footnote)
    Exercise: $0.00→ Class A Common Stock (23 underlying)
  • Conversion

    Class A Common Stock

    2013-08-14+23→ 23 total(indirect: See Footnote)
  • Conversion

    Class A Common Stock

    2013-08-13+118,515→ 118,515 total
  • Sale

    Class A Common Stock

    2013-08-13$51.24/sh−118,515$6,073,171→ 0 total
  • Conversion

    Class A Common Stock

    2013-08-14+72,277→ 72,277 total
  • Sale

    Class A Common Stock

    2013-08-14$51.39/sh−72,277$3,714,127→ 0 total
  • Conversion

    Class A Common Stock

    2013-08-13+35→ 35 total(indirect: See Footnote)
  • Sale

    Class A Common Stock

    2013-08-13$51.24/sh−35$1,794→ 0 total(indirect: See Footnote)
McNamee Roger
10% Owner
Transactions
  • Conversion

    Class A Common Stock

    2013-08-13+118,515→ 118,515 total
  • Sale

    Class A Common Stock

    2013-08-13$51.24/sh−118,515$6,073,171→ 0 total
  • Conversion

    Class A Common Stock

    2013-08-14+72,277→ 72,277 total
  • Sale

    Class A Common Stock

    2013-08-14$51.39/sh−72,277$3,714,127→ 0 total
  • Conversion

    Class A Common Stock

    2013-08-13+35→ 35 total(indirect: See Footnote)
  • Sale

    Class A Common Stock

    2013-08-13$51.24/sh−35$1,794→ 0 total(indirect: See Footnote)
  • Conversion

    Class A Common Stock

    2013-08-14+23→ 23 total(indirect: See Footnote)
  • Sale

    Class A Common Stock

    2013-08-14$51.39/sh−23$1,182→ 0 total(indirect: See Footnote)
  • Conversion

    Class B Common Stock

    2013-08-13−118,515→ 2,973,428 total
    Exercise: $0.00→ Class A Common Stock (118,515 underlying)
  • Conversion

    Class B Common Stock

    2013-08-14−72,277→ 2,901,151 total
    Exercise: $0.00→ Class A Common Stock (72,277 underlying)
  • Conversion

    Class B Common Stock

    2013-08-13−35→ 863 total(indirect: See Footnote)
    Exercise: $0.00→ Class A Common Stock (35 underlying)
  • Conversion

    Class B Common Stock

    2013-08-14−23→ 840 total(indirect: See Footnote)
    Exercise: $0.00→ Class A Common Stock (23 underlying)
Elevation Associates, LLC
10% Owner
Transactions
  • Conversion

    Class A Common Stock

    2013-08-14+72,277→ 72,277 total
  • Sale

    Class A Common Stock

    2013-08-14$51.39/sh−72,277$3,714,127→ 0 total
  • Sale

    Class A Common Stock

    2013-08-13$51.24/sh−35$1,794→ 0 total(indirect: See Footnote)
  • Sale

    Class A Common Stock

    2013-08-14$51.39/sh−23$1,182→ 0 total(indirect: See Footnote)
  • Conversion

    Class B Common Stock

    2013-08-14−72,277→ 2,901,151 total
    Exercise: $0.00→ Class A Common Stock (72,277 underlying)
  • Conversion

    Class B Common Stock

    2013-08-13−35→ 863 total(indirect: See Footnote)
    Exercise: $0.00→ Class A Common Stock (35 underlying)
  • Conversion

    Class B Common Stock

    2013-08-14−23→ 840 total(indirect: See Footnote)
    Exercise: $0.00→ Class A Common Stock (23 underlying)
  • Conversion

    Class A Common Stock

    2013-08-13+118,515→ 118,515 total
  • Sale

    Class A Common Stock

    2013-08-13$51.24/sh−118,515$6,073,171→ 0 total
  • Conversion

    Class A Common Stock

    2013-08-13+35→ 35 total(indirect: See Footnote)
  • Conversion

    Class A Common Stock

    2013-08-14+23→ 23 total(indirect: See Footnote)
  • Conversion

    Class B Common Stock

    2013-08-13−118,515→ 2,973,428 total
    Exercise: $0.00→ Class A Common Stock (118,515 underlying)
Elevation Employee Side Fund, LLC
10% Owner
Transactions
  • Conversion

    Class A Common Stock

    2013-08-13+118,515→ 118,515 total
  • Sale

    Class A Common Stock

    2013-08-13$51.24/sh−118,515$6,073,171→ 0 total
  • Conversion

    Class A Common Stock

    2013-08-14+72,277→ 72,277 total
  • Sale

    Class A Common Stock

    2013-08-14$51.39/sh−72,277$3,714,127→ 0 total
  • Conversion

    Class A Common Stock

    2013-08-13+35→ 35 total(indirect: See Footnote)
  • Sale

    Class A Common Stock

    2013-08-13$51.24/sh−35$1,794→ 0 total(indirect: See Footnote)
  • Conversion

    Class A Common Stock

    2013-08-14+23→ 23 total(indirect: See Footnote)
  • Sale

    Class A Common Stock

    2013-08-14$51.39/sh−23$1,182→ 0 total(indirect: See Footnote)
  • Conversion

    Class B Common Stock

    2013-08-13−118,515→ 2,973,428 total
    Exercise: $0.00→ Class A Common Stock (118,515 underlying)
  • Conversion

    Class B Common Stock

    2013-08-14−72,277→ 2,901,151 total
    Exercise: $0.00→ Class A Common Stock (72,277 underlying)
  • Conversion

    Class B Common Stock

    2013-08-13−35→ 863 total(indirect: See Footnote)
    Exercise: $0.00→ Class A Common Stock (35 underlying)
  • Conversion

    Class B Common Stock

    2013-08-14−23→ 840 total(indirect: See Footnote)
    Exercise: $0.00→ Class A Common Stock (23 underlying)
Elevation Management, LLC
10% Owner
Transactions
  • Conversion

    Class A Common Stock

    2013-08-13+118,515→ 118,515 total
  • Sale

    Class A Common Stock

    2013-08-14$51.39/sh−72,277$3,714,127→ 0 total
  • Conversion

    Class A Common Stock

    2013-08-14+23→ 23 total(indirect: See Footnote)
  • Sale

    Class A Common Stock

    2013-08-14$51.39/sh−23$1,182→ 0 total(indirect: See Footnote)
  • Conversion

    Class B Common Stock

    2013-08-13−118,515→ 2,973,428 total
    Exercise: $0.00→ Class A Common Stock (118,515 underlying)
  • Conversion

    Class B Common Stock

    2013-08-14−72,277→ 2,901,151 total
    Exercise: $0.00→ Class A Common Stock (72,277 underlying)
  • Conversion

    Class B Common Stock

    2013-08-13−35→ 863 total(indirect: See Footnote)
    Exercise: $0.00→ Class A Common Stock (35 underlying)
  • Conversion

    Class B Common Stock

    2013-08-14−23→ 840 total(indirect: See Footnote)
    Exercise: $0.00→ Class A Common Stock (23 underlying)
  • Sale

    Class A Common Stock

    2013-08-13$51.24/sh−118,515$6,073,171→ 0 total
  • Conversion

    Class A Common Stock

    2013-08-14+72,277→ 72,277 total
  • Conversion

    Class A Common Stock

    2013-08-13+35→ 35 total(indirect: See Footnote)
  • Sale

    Class A Common Stock

    2013-08-13$51.24/sh−35$1,794→ 0 total(indirect: See Footnote)
Elevation Waiver Entity,L.P.
10% Owner
Transactions
  • Conversion

    Class A Common Stock

    2013-08-13+118,515→ 118,515 total
  • Sale

    Class A Common Stock

    2013-08-13$51.24/sh−118,515$6,073,171→ 0 total
  • Conversion

    Class A Common Stock

    2013-08-14+72,277→ 72,277 total
  • Sale

    Class A Common Stock

    2013-08-14$51.39/sh−72,277$3,714,127→ 0 total
  • Conversion

    Class A Common Stock

    2013-08-13+35→ 35 total(indirect: See Footnote)
  • Sale

    Class A Common Stock

    2013-08-13$51.24/sh−35$1,794→ 0 total(indirect: See Footnote)
  • Conversion

    Class A Common Stock

    2013-08-14+23→ 23 total(indirect: See Footnote)
  • Sale

    Class A Common Stock

    2013-08-14$51.39/sh−23$1,182→ 0 total(indirect: See Footnote)
  • Conversion

    Class B Common Stock

    2013-08-13−118,515→ 2,973,428 total
    Exercise: $0.00→ Class A Common Stock (118,515 underlying)
  • Conversion

    Class B Common Stock

    2013-08-14−72,277→ 2,901,151 total
    Exercise: $0.00→ Class A Common Stock (72,277 underlying)
  • Conversion

    Class B Common Stock

    2013-08-13−35→ 863 total(indirect: See Footnote)
    Exercise: $0.00→ Class A Common Stock (35 underlying)
  • Conversion

    Class B Common Stock

    2013-08-14−23→ 840 total(indirect: See Footnote)
    Exercise: $0.00→ Class A Common Stock (23 underlying)
Elevation Partners, L.P.
10% Owner
Transactions
  • Conversion

    Class A Common Stock

    2013-08-13+118,515→ 118,515 total
  • Sale

    Class A Common Stock

    2013-08-13$51.24/sh−118,515$6,073,171→ 0 total
  • Conversion

    Class A Common Stock

    2013-08-14+72,277→ 72,277 total
  • Sale

    Class A Common Stock

    2013-08-14$51.39/sh−72,277$3,714,127→ 0 total
  • Conversion

    Class A Common Stock

    2013-08-13+35→ 35 total(indirect: See Footnote)
  • Sale

    Class A Common Stock

    2013-08-13$51.24/sh−35$1,794→ 0 total(indirect: See Footnote)
  • Conversion

    Class A Common Stock

    2013-08-14+23→ 23 total(indirect: See Footnote)
  • Sale

    Class A Common Stock

    2013-08-14$51.39/sh−23$1,182→ 0 total(indirect: See Footnote)
  • Conversion

    Class B Common Stock

    2013-08-13−118,515→ 2,973,428 total
    Exercise: $0.00→ Class A Common Stock (118,515 underlying)
  • Conversion

    Class B Common Stock

    2013-08-14−72,277→ 2,901,151 total
    Exercise: $0.00→ Class A Common Stock (72,277 underlying)
  • Conversion

    Class B Common Stock

    2013-08-13−35→ 863 total(indirect: See Footnote)
    Exercise: $0.00→ Class A Common Stock (35 underlying)
  • Conversion

    Class B Common Stock

    2013-08-14−23→ 840 total(indirect: See Footnote)
    Exercise: $0.00→ Class A Common Stock (23 underlying)
Elevation Associates, L.P.
10% Owner
Transactions
  • Conversion

    Class A Common Stock

    2013-08-13+118,515→ 118,515 total
  • Sale

    Class A Common Stock

    2013-08-13$51.24/sh−118,515$6,073,171→ 0 total
  • Conversion

    Class A Common Stock

    2013-08-14+72,277→ 72,277 total
  • Sale

    Class A Common Stock

    2013-08-14$51.39/sh−72,277$3,714,127→ 0 total
  • Conversion

    Class A Common Stock

    2013-08-13+35→ 35 total(indirect: See Footnote)
  • Sale

    Class A Common Stock

    2013-08-13$51.24/sh−35$1,794→ 0 total(indirect: See Footnote)
  • Conversion

    Class A Common Stock

    2013-08-14+23→ 23 total(indirect: See Footnote)
  • Sale

    Class A Common Stock

    2013-08-14$51.39/sh−23$1,182→ 0 total(indirect: See Footnote)
  • Conversion

    Class B Common Stock

    2013-08-13−118,515→ 2,973,428 total
    Exercise: $0.00→ Class A Common Stock (118,515 underlying)
  • Conversion

    Class B Common Stock

    2013-08-14−72,277→ 2,901,151 total
    Exercise: $0.00→ Class A Common Stock (72,277 underlying)
  • Conversion

    Class B Common Stock

    2013-08-13−35→ 863 total(indirect: See Footnote)
    Exercise: $0.00→ Class A Common Stock (35 underlying)
  • Conversion

    Class B Common Stock

    2013-08-14−23→ 840 total(indirect: See Footnote)
    Exercise: $0.00→ Class A Common Stock (23 underlying)
PEARLMAN BRET D
10% Owner
Transactions
  • Conversion

    Class A Common Stock

    2013-08-13+118,515→ 118,515 total
  • Conversion

    Class A Common Stock

    2013-08-13+35→ 35 total(indirect: See Footnote)
  • Sale

    Class A Common Stock

    2013-08-13$51.24/sh−35$1,794→ 0 total(indirect: See Footnote)
  • Conversion

    Class A Common Stock

    2013-08-14+23→ 23 total(indirect: See Footnote)
  • Sale

    Class A Common Stock

    2013-08-14$51.39/sh−23$1,182→ 0 total(indirect: See Footnote)
  • Conversion

    Class B Common Stock

    2013-08-13−118,515→ 2,973,428 total
    Exercise: $0.00→ Class A Common Stock (118,515 underlying)
  • Sale

    Class A Common Stock

    2013-08-13$51.24/sh−118,515$6,073,171→ 0 total
  • Conversion

    Class A Common Stock

    2013-08-14+72,277→ 72,277 total
  • Sale

    Class A Common Stock

    2013-08-14$51.39/sh−72,277$3,714,127→ 0 total
  • Conversion

    Class B Common Stock

    2013-08-14−72,277→ 2,901,151 total
    Exercise: $0.00→ Class A Common Stock (72,277 underlying)
  • Conversion

    Class B Common Stock

    2013-08-13−35→ 863 total(indirect: See Footnote)
    Exercise: $0.00→ Class A Common Stock (35 underlying)
  • Conversion

    Class B Common Stock

    2013-08-14−23→ 840 total(indirect: See Footnote)
    Exercise: $0.00→ Class A Common Stock (23 underlying)
Footnotes (11)
  • [F1]This Form 4 is filed on behalf of a group consisting of Elevation Partners, L.P. ("Elevation Partners"), Elevation Associates, L.P. ("Elevation GP"), Elevation Associates, LLC ("Elevation LLC"), Elevation Employee Side Fund, LLC ("Side Fund"), Elevation Management, LLC ("Elevation Management"), Elevation Waiver Entity, L.P. ("Waiver Entity"), Mr. Paul Hewson, Mr. Bret Pearlman and Mr. Roger McNamee. Elevation GP is the sole general partner of Elevation Partners, and Elevation LLC is the sole general partner of Elevation GP and Waiver Entity. Elevation Management is the sole managing member of Side Fund. Messrs. Hewson, Perlman and McNamee are managers of each of Elevation LLC and Elevation Management as is Mr. Fred Anderson, who is filing a Form 4 separately.
  • [F10]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $51 to $51.72, inclusive. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote 10 to this Form 4.
  • [F11]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $51 to $51.99, inclusive. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote 11 to this Form 4.
  • [F2]As the sole general partner of Elevation Partners, Elevation GP may be deemed to be the indirect beneficial owner of shares beneficially owned by Elevation Partners. However, Elevation GP disclaims beneficial ownership of such shares, except to the extent of its pecuniary interest. As the sole general partner of Elevation GP and Waiver Entity, Elevation LLC may be deemed to be the indirect beneficial owner of such shares beneficially owned by Elevation GP and Waiver Entity. However, Elevation LLC disclaims beneficial ownership of such shares, except to the extent of its pecuniary interest.
  • [F3]As the sole managing member of Side Fund, Elevation Management may be deemed to be the indirect beneficial owner of such shares beneficially owned by Side Fund. However, Elevation Management disclaims beneficial ownership of such shares, except to the extent of its pecuniary interest.
  • [F4]As managers of each of Elevation LLC and Elevation Management, Messrs. Hewson, Pearlman and McNamee may be deemed to be the indirect beneficial owner of shares beneficially owned by such entities. However, each of Messrs. Hewson, Pearlman and McNamee disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest.
  • [F5]Each share of Class A Common Stock is issued upon conversion of one share of Class B Common Stock. Such conversion will become effective immediately prior to the delivery of shares of Class A Common Stock for the sales reported herein.
  • [F6]Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock and has no expiration date. All Class A and Class B Common Stock will convert automatically into Common Stock on the earlier of (i) the date on which the number of outstanding shares of Class B Common Stock represents less than 10% of the aggregate combined number of outstanding shares of Class A Common Stock and Class B Common Stock and (ii) seven years following the effective date of the issuer's initial public offering.
  • [F7]In addition, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock (i) upon such date as is specified by the affirmative vote or written consent of the holders of at least 66 2/3% of the outstanding shares of Class B common stock, (ii) upon any transfer, whether or not for value (subject to certain exceptions), or (iii) in the event of the death or disability (as defined in the amended and restated certificate of incorporation of the issuer) of the reporting person.
  • [F8]These securities are directly owned by Elevation Partners. Elevation GP, as the sole general partner of Elevation Partners, Elevation LLC, as the sole general partner of Elevation GP, and Messrs. Hewson, Pearlman and McNamee, as managers of Elevation LLC, may be deemed to have indirect beneficial ownership of these shares. See Footnotes 1-4.
  • [F9]These securities are directly owned by Side Fund. Elevation Management, as the sole managing member of the Side Fund, and Messrs. Hewson, Pearlman and McNamee, as managers of Elevation Management, may be deemed to have indirect beneficial ownership of these shares. See Footnotes 1-4.

Documents

1 file

Issuer

YELP INC

CIK 0001345016

→
Entity typeoperating
IncorporatedDE

Related Parties

1
  • filerCIK 0001345016

Filing Metadata

Form type
4
Filed
Aug 14, 8:00 PM ET
Accepted
Aug 15, 9:39 PM ET
Size
43.9 KB
View on SEC.gov