4//SEC Filing
TACTILE SYSTEMS TECHNOLOGY INC 4
Accession 0001209191-16-135573
$TCMDCIK 0001027838operating
Filed
Aug 3, 8:00 PM ET
Accepted
Aug 4, 6:37 PM ET
Size
18.9 KB
Accession
0001209191-16-135573
Insider Transaction Report
Form 4
Galen Management, LLC
10% Owner
Transactions
- Conversion
Common Stock
2016-08-02+2,001,296→ 4,743,633 total(indirect: See footnote) - Conversion
Series A Preferred Stock
2016-08-02−1,942,336→ 0 total→ Common Stock (1,942,336 underlying) - Conversion
Series B Preferred Stock
2016-08-02−1,156,467→ 0 total→ Common Stock (1,156,467 underlying) - Conversion
Common Stock
2016-08-02+2,742,337→ 2,742,337 total(indirect: See footnote)
Holdings
- 62,055(indirect: See footnote)
Common Stock
Galen Partners V, L.L.C.
10% Owner
Transactions
- Conversion
Common Stock
2016-08-02+2,001,296→ 4,743,633 total(indirect: See footnote) - Conversion
Series B Preferred Stock
2016-08-02−1,156,467→ 0 total→ Common Stock (1,156,467 underlying) - Conversion
Common Stock
2016-08-02+2,742,337→ 2,742,337 total(indirect: See footnote) - Conversion
Series A Preferred Stock
2016-08-02−1,942,336→ 0 total→ Common Stock (1,942,336 underlying)
Holdings
- 62,055(indirect: See footnote)
Common Stock
Galen Partners V LP
10% Owner
Transactions
- Conversion
Common Stock
2016-08-02+2,742,337→ 2,742,337 total(indirect: See footnote) - Conversion
Common Stock
2016-08-02+2,001,296→ 4,743,633 total(indirect: See footnote) - Conversion
Series A Preferred Stock
2016-08-02−1,942,336→ 0 total→ Common Stock (1,942,336 underlying) - Conversion
Series B Preferred Stock
2016-08-02−1,156,467→ 0 total→ Common Stock (1,156,467 underlying)
Holdings
- 62,055(indirect: See footnote)
Common Stock
Galen Partners International V LP
10% Owner
Transactions
- Conversion
Common Stock
2016-08-02+2,742,337→ 2,742,337 total(indirect: See footnote) - Conversion
Common Stock
2016-08-02+2,001,296→ 4,743,633 total(indirect: See footnote) - Conversion
Series A Preferred Stock
2016-08-02−1,942,336→ 0 total→ Common Stock (1,942,336 underlying) - Conversion
Series B Preferred Stock
2016-08-02−1,156,467→ 0 total→ Common Stock (1,156,467 underlying)
Holdings
- 62,055(indirect: See footnote)
Common Stock
Footnotes (7)
- [F1]Each share of Series A Preferred Stock was convertible at any time at the option of the holder, and converted automatically into shares of the Issuer's Common Stock on a one for 1.027 basis in connection with the closing of the Issuer's initial public offering. In addition, the holder was entitled to receive additional shares of common stock equal to the original purchase price per share ($4.2301) divided by the price to the public of the shares of common stock issued in the Issuer's initial public offering.
- [F2]Includes 2,526,585 shares held of record by Galen Partners V, L.P. ("Galen V"), and 215,752 shares held of record by Galen Partners International V, L.P. ("Galen International V").
- [F3]Galen Partners V, L.L.C. serves as the sole general partner of Galen V and Galen International V and has sole voting and investment control over the shares held by such funds and may be deemed to beneficially own the shares held by such funds. Each of the Reporting Person disclaims beneficial ownership of the shares reported herein, except to the extent of its respective pecuniary interest therein.
- [F4]Each share of Series B Preferred Stock was convertible at any time at the option of the holder, and converted automatically into shares of the Issuer's Common Stock on a one-for one basis in connection with the closing of the Issuer's initial public offering. In addition, the holder was entitled to receive additional shares of common stock equal to the original purchase price per share ($3.8048) divided by the price to the public of the shares of common stock issued in the Issuer's initial public offering and these shares accrued a dividend that was payable-in-kind in shares of the Issuer's common stock.
- [F5]Includes 4,370,430 shares held of record by Galen V and 373,203 shares held of record by Galen International V.
- [F6]The shares are held of record by Galen Management, LLC ("Galen Management").
- [F7]The securities did not have an expiration date. The securities converted automatically into shares of the Issuer's Common Stock in connection with the closing of the Issuer's initial public offering.
Documents
Issuer
TACTILE SYSTEMS TECHNOLOGY INC
CIK 0001027838
Entity typeoperating
IncorporatedMN
Related Parties
1- filerCIK 0001027838
Filing Metadata
- Form type
- 4
- Filed
- Aug 3, 8:00 PM ET
- Accepted
- Aug 4, 6:37 PM ET
- Size
- 18.9 KB