4//SEC Filing
Spero Benjamin C. 4
Accession 0001209191-20-014219
CIK 0001739936other
Filed
Feb 27, 7:00 PM ET
Accepted
Feb 28, 7:48 PM ET
Size
10.3 KB
Accession
0001209191-20-014219
Insider Transaction Report
Form 4
SVMK Inc.SVMK
Spero Benjamin C.
Director
Transactions
- Sale
Common Stock
2020-02-28$17.87/sh−32,308$577,392→ 0 total(indirect: See Footnote) - Sale
Common Stock
2020-02-28$17.87/sh−12,692$226,825→ 0 total(indirect: See Footnote)
Holdings
- 80,404
Common Stock
Footnotes (6)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.53 to $18.21, inclusive. The Reporting Person undertakes 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 to this Form 4.
- [F2]Shares were held by Spectrum V Investment Managers' Fund, L.P. ("IMF"). The general partner of IMF is SEA V Management, LLC ("SEA V LLC"). The Reporting Person may be deemed to share voting and dispositive power over securities beneficially owned by SEA V LLC. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. Following this sale, no shares are held by IMF.
- [F3]32,308 shares were held by SEI V SM AIV, L.P. ("SEI V") following a pro rata distribution of 2,655,473 shares by SEI V to its partners. The general partner of SEI V is Spectrum Equity Associates V, L.P., the general partner of which is SEA V LLC. The Reporting Person may be deemed to share voting and dispositive power over securities beneficially owned by SEA V LLC. The Reporting Person disclaims beneficial ownership of the shares except to the extent of his pecuniary interest therein. Following this sale of 32,308 shares, no shares were directly held by by SEI V.
- [F4]Certain of these securities are restricted stock units, the beneficial ownership of which the Reporting Person disclaims in footnote (6) below. Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock, subject to the applicable vesting schedule and conditions.
- [F5]Also includes 23,846 shares that were received by the Reporting Person in a pro rata distribution by Spectrum Equity Associates V, L.P. to its partners that was exempt from reporting pursuant to Rule 16a-13 under the Securities Exchange Act of 1934.
- [F6]Under an agreement with Spectrum Equity, the Reporting Person is deemed to hold the RSUs included herein for the indirect benefit of: (i) SEI V SM AIV, L.P. ("SEI V"), the general partner of which is Spectrum Equity Associates V, L.P., the general partner of which is SEA V Management, LLC ("SEA V LLC"); and (ii) Spectrum V Investment Managers' Fund, LP ("IMF"), the general partner of which is SEA V LLC. Pursuant to the agreement with Spectrum Equity, upon vesting, the shares underlying the RSUs are issued to and held by Spectrum Equity Management, Inc., an affiliate of Spectrum Equity, but are included here. The Reporting Person may be deemed to share voting and dispositive power over securities beneficially owned by SEA V LLC. The Reporting Person disclaims beneficial ownership of the reported RSUs and the underlying common stock except to the extent of his pecuniary interest therein.
Documents
Issuer
SVMK Inc.
CIK 0001739936
Entity typeother
Related Parties
1- filerCIK 0001472386
Filing Metadata
- Form type
- 4
- Filed
- Feb 27, 7:00 PM ET
- Accepted
- Feb 28, 7:48 PM ET
- Size
- 10.3 KB