4//SEC Filing
Rodriguez Frank J 4
Accession 0001209191-10-051614
CIK 0001496623other
Filed
Oct 25, 8:00 PM ET
Accepted
Oct 26, 3:27 PM ET
Size
12.1 KB
Accession
0001209191-10-051614
Insider Transaction Report
Form 4
Rodriguez Frank J
Director10% Owner
Transactions
- Sale
Class B Common Stock, par value $0.001 per share
2010-10-22$10.29/sh−4,110,396$42,275,423→ 6,379,070 total(indirect: By LLC) - Other
Class B Common Stock, par value $0.001 per share
2010-10-22−6,379,070→ 0 total(indirect: By LLC) - Other
Common Stock, par value $0.001 per share
2010-10-22−16,906,100→ 0 total(indirect: By LLC)
Holdings
- 21,839,225(indirect: See Footnote)
Common Stock, par value $0.001 per share
Footnotes (5)
- [F1]These shares of class B common stock, par value $0.001 per share (the "Class B Common Stock"), of NetSpend Holdings, Inc. (the "Company") were sold by Skylight Holdings I, LLC ("Skylight Holdings") in the initial public offering of the Company (the "IPO") and in connection with the exercise of an over-allotment option by the underwriters in the Company's IPO. The Class B Common Stock automatically converted to common stock, par value $0.001 per share (the "Common Stock"), of the Company upon such sale.
- [F2]Skylight Holdings is controlled by JLL Partners Fund IV, L.P. and JLL Partners Fund V, L.P. (the "JLL Funds"). Mr. Rodriguez is an affiliate of the JLL Funds. Mr. Rodriguez disclaims beneficial ownership of the Common Stock of the Company and the Class B Common Stock of the Company except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that he is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
- [F3]These shares of Common Stock of the Company were distributed to the members of Skylight Holdings in connection with the liquidation and dissolution of Skylight Holdings (the "Liquidating Distribution").
- [F4]These shares of Class B Common Stock of the Company were distributed to the members of Skylight in the Liquidating Distribution and automatically converted into Common Stock upon such distribution.
- [F5]These shares of Common Stock of the Company were distributed to JLL Partners Fund IV, L.P. and JLL Partners Fund V, L.P. in the Liquidating Distribution. Of these shares, 6,379,070 shares were shares of Class B Common Stock that automatically converted into Common Stock upon distribution to JLL Partners Fund IV, L.P. and JLL Partners Fund V, L.P. After the Liquidating Distribution, the JLL Funds are the beneficial owners of 21,839,225 shares of Common Stock of the Company and no shares of Class B Common Stock of the Company. Mr. Rodriguez may be deemed to be the indirect beneficial owner of 21,839,225 shares of Common Stock of the Company. Mr. Rodriguez disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that he is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
Documents
Issuer
NetSpend Holdings, Inc.
CIK 0001496623
Entity typeother
Related Parties
1- filerCIK 0001503241
Filing Metadata
- Form type
- 4
- Filed
- Oct 25, 8:00 PM ET
- Accepted
- Oct 26, 3:27 PM ET
- Size
- 12.1 KB