Filing Details

Accession Number:
0000899243-15-008446
Form Type:
4
Zero Holdings:
No
Publication Time:
2015-11-18 19:44:25
Reporting Period:
2015-11-18
Filing Date:
2015-11-18
Accepted Time:
2015-11-18 19:44:25
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1592386 Virtu Financial Inc. VIRT Security Brokers, Dealers & Flotation Companies (6211) 320420206
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1603955 Joseph Osnoss C/O Silver Lake, 2775 Sand Hill
Road, Suite 100
Menlo Park CA 94025
Yes No No 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 C Common Stock Disposition 2015-11-18 3,100,579 $0.00 0 No 4 C Indirect Held through SLP Virtu Investors, LLC
Class A Common Stock Acquisiton 2015-11-18 3,100,579 $0.00 3,100,579 No 4 C Indirect Held through SLP Virtu Investors, LLC
Class A Common Stock Disposition 2015-11-18 2,975,258 $21.65 0 No 4 S Indirect Held through SLP III EW Feeder I, L.P.
Class A Common Stock Disposition 2015-11-18 3,100,579 $21.65 0 No 4 S Indirect Held through SLP Virtu Investors, LLC
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 C Indirect Held through SLP Virtu Investors, LLC
No 4 C Indirect Held through SLP Virtu Investors, LLC
No 4 S Indirect Held through SLP III EW Feeder I, L.P.
No 4 S Indirect Held through SLP Virtu Investors, LLC
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Stock Non-voting common interest units of Virtu Financial LLC Disposition 2015-11-18 3,100,579 $0.00 3,100,579 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 No 4 C Indirect
Footnotes
  1. Shares of Class C common stock of the Issuer ("Class C Common Stock") have one vote per share but no economic rights (including rights to dividends and distributions upon liquidation) and are issued in an equal amount to the number of non-voting common interest units of Virtu Financial LLC ("Virtu Financial Units") held.
  2. Pursuant to the terms of the Exchange Agreement, effective as of April 15, 2015, by and among the Issuer, Virtu Financial LLC and the equityholders of Virtu Financial LLC (the "Exchange Agreement"), Virtu Financial Units, together with a corresponding number of shares of Class C Common Stock, may be exchanged for shares of Class A common stock of the Issuer ("Class A Common Stock"), which have one vote per share and economic rights (including rights to dividends and distributions upon liquidation), on a one-for-one basis at the discretion of the holder. The exchange rights under the Exchange Agreement do not expire.
  3. Reflects securities held directly by SLP Virtu Investors, LLC ("Investors LLC"). The managing member of Investors LLC is Silver Lake Partners III DE (AIV III), L.P., the general partner of which is Silver Lake Technology Associates III, L.P. ("Silver Lake Technology"). The general partner of Silver Lake Technology is SLTA III (GP), L.L.C, the sole member of which is Silver Lake Group, L.L.C.
  4. As managing member of Investors LLC, Silver Lake Partners III DE (AIV III), L.P. may be deemed to share voting and dispositive power with respect to securities directly held by Investors LLC. As the general partner of each of Investors LLC and Feeder I (as defined below), Silver Lake Technology may be deemed to share voting and dispositive power with respect to securities directly held by each of Investors LLC and Feeder I. As the general partner of Silver Lake Technology, SLTA III (GP), L.L.C., and its managing member, Silver Lake Group, L.L.C., may each be deemed to share voting and dispositive power with respect to securities directly held by each of Investors LLC, Feeder I and Silver Lake Technology.
  5. The Reporting Person, who serves as a director of the Issuer, also serves as a Managing Member of Silver Lake Group, L.L.C. and as a member of the investment committee of Silver Lake Technology and may be deemed to share voting and dispositive power with respect to any securities beneficially owned by Silver Lake Group, L.L.C. or Silver Lake Technology, but disclaims beneficial ownership of such securities, except to the extent of his pecuniary interest therein.
  6. Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), this filing shall not be deemed an admission that the Reporting Person is, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owner of any equity securities in excess of such Reporting Person's pecuniary interest therein.
  7. Reflects securities held directly by SLP III EW Feeder I, L.P. ("Feeder I"). The general partner of Feeder I is Silver Lake Technology. The general partner of Silver Lake Technology is SLTA III (GP), L.L.C, the sole member of which is Silver Lake Group, L.L.C.