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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
GLENHILL ADVISORS LLC 600 FIFTH AVENUE, 11TH FLOOR NEW YORK, NY 10020 |
X | |||
KREVLIN GLENN J 600 FIFTH AVENUE 11TH FLOOR NEW YORK, NY 10020 |
X | |||
GLENHILL CAPITAL ADVISORS, LLC 600 FIFTH AVENUE 11TH FLOOR NEW YORK, NY 10020 |
X | |||
GLENHILL CAPITAL MANAGEMENT LLC 600 FIFTH AVENUE 11TH FLOOR NEW YORK, NY 10020 |
X | |||
Glenhill Capital Overseas Master Fund, L.P. 600 FIFTH AVENUE 11TH FLOOR NEW YORK, NY 10020 |
X |
/s/ Glenn J. Krevlin | 07/06/2016 | |
**Signature of Reporting Person | Date | |
/s/ Glenn J. Krevlin, Managing Member, Glenhill Advisors, LLC | 07/06/2016 | |
**Signature of Reporting Person | Date | |
/s/ Glenn J. Krevlin, Managing Member, Glenhill Advisors, LLC, Managing Member, Glenhill Capital Management, LLC | 07/06/2016 | |
**Signature of Reporting Person | Date | |
/s/ Glenn J. Krevlin, President, Krevlin Managment, Inc, Managing Member, Glenhill Capital Advisors, LLC | 07/06/2016 | |
**Signature of Reporting Person | Date | |
/s/ Glenn J. Krevlin, Managing Member, Glenhill Advisors, LLC, Managing Member, Glenhill Capital Management, LLC, Sole Shareholder, Glenhill Capital Overseas GP, Ltd., General Partner, Glenhill Capital Overseas Master Fund, LP | 07/06/2016 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Of the total securities reported in this Form 4, following the reported transactions Glenhill Capital Overseas Master Fund, LP directly owns 1,387,283 shares, Glenhill Concentrated Long Master Fund, LLC directly owns 233,016 shares, and Glenhill Long Fund, LP directly owns 386,335 shares. The Reporting Persons disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest therein. |
(2) | The securities reported in this Form 4 do not include shares held in third party accounts for the benefit of third parties, which are managed by one or more of the Reporting Persons and for which such Reporting Persons have investment power and receive management fees and performance-related fees (the "Managed Accounts"). Pursuant to Rule 16a-1(a)(1)-(2) of the Securities Exchange Act of 1934, as amended, the Reporting Persons are not the beneficial owner (and disclaim beneficial ownership) of such securities and have no pecuniary interest therein. On the date of this filing, there are 517,518 shares of common stock of the issuer held in such Managed Accounts. |
(3) | Mr. Krevlin is managing member and control person of Glenhill Advisors, LLC, and is sole shareholder of Krevlin Management, Inc., which is managing member of Glenhill Capital Advisors, LLC, which is the investment manager of Glenhill Capital Overseas Master Fund, LP, Glenhill Concentrated Long Master Fund, LLC, and Glenhill Long Fund, LP, which collectively own the reported securities (see Footnote 1). Glenhill Advisors, LLC is the managing member of Glenhill Capital Management, LLC, which is the managing member of Glenhill Concentrated Long Master Fund, LLC and Glenhill Long GP, LLC, and is sole shareholder of Glenhill Capital Overseas GP, Ltd., which is the general partner of Glenhill Capital Overseas Master Fund, LP. Glenhill Long GP, LLC is the general partner of Glenhill Long Fund LP. |