Filing Details

Accession Number:
0001209191-10-051613
Form Type:
4
Zero Holdings:
No
Publication Time:
2010-10-26 15:26:45
Reporting Period:
2010-10-22
Filing Date:
2010-10-26
Accepted Time:
2010-10-26 15:26:45
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1496623 Netspend Holdings Inc. NTSP Finance Services (6199) 202306550
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1327010 R Alexander Castaldi C/O Jll Partners, Inc.
450 Lexington Avenue, 31St Floor
New York NY 10017
Yes No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class B Common Stock, Par Value $0.001 Per Share Disposition 2010-10-22 4,110,396 $10.29 6,379,070 No 4 S Indirect By Skylight Holdings I, LLC
Common Stock, Par Value $0.001 Per Share Disposition 2010-10-22 16,906,100 $0.00 0 No 4 J Indirect By Skylight Holdings I, LLC
Class B Common Stock, Par Value $0.001 Per Share Disposition 2010-10-22 6,379,070 $0.00 0 No 4 J Indirect By Skylight Holdings I, LLC
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect By Skylight Holdings I, LLC
No 4 J Indirect By Skylight Holdings I, LLC
No 4 J Indirect By Skylight Holdings I, LLC
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock, Par Value $0.001 Per Share 21,839,225 Indirect See Footnote
Footnotes
  1. 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.
  2. Skylight Holdings is controlled by JLL Partners Fund IV, L.P. and JLL Partners Fund V, L.P. (the "JLL Funds"). Mr. Castaldi is an affiliate of the JLL Funds. Mr. Castaldi 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.
  3. 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").
  4. 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.
  5. 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. Castaldi may be deemed to be the indirect beneficial owner of 21,839,225 shares of Common Stock of the Company. Mr. Castaldi 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.