Filing Details

Accession Number:
0001209191-16-140658
Form Type:
4
Zero Holdings:
No
Publication Time:
2016-09-08 19:16:52
Reporting Period:
2016-09-06
Filing Date:
2016-09-08
Accepted Time:
2016-09-08 19:16:52
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1313275 Brightcove Inc BCOV Services-Computer Processing & Data Preparation (7374) 201579162
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1634037 Chet Kapoor C/O Brightcove Inc.
290 Congress Street, 4Th Floor
Boston MA 02210
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
Common Stock Disposition 2016-09-06 104,925 $13.08 1,132,702 No 4 S Indirect See Footnote
Common Stock Disposition 2016-09-06 45,075 $13.08 442,298 No 4 S Indirect See Footnote
Common Stock Disposition 2016-09-07 52,463 $12.98 1,080,239 No 4 S Indirect See Footnote
Common Stock Disposition 2016-09-07 22,537 $12.98 419,761 No 4 S Indirect See Footnote
Common Stock Disposition 2016-09-08 50,645 $12.86 1,029,594 No 4 S Indirect See Footnote
Common Stock Disposition 2016-09-08 21,755 $12.86 398,006 No 4 S Indirect See Footnote
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect See Footnote
No 4 S Indirect See Footnote
No 4 S Indirect See Footnote
No 4 S Indirect See Footnote
No 4 S Indirect See Footnote
No 4 S Indirect See Footnote
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 4,487 Direct
Footnotes
  1. This transaction was executed in multiple trades at prices ranging from $12.86 to $13.39. The price reported above in Column 4 of Table I reflects the weighted average purchase price. The reporting persons hereby undertake to provide upon request to the SEC staff, the issuer or a security holder of the issuer complete information regarding the number of shares and prices at which each of the individual transactions was effected.
  2. The securities are held by Tenzing Global Investors Fund I LP, a Delaware limited partnership ("Fund I"). Tenzing Global Management LLC, a Delaware limited liability company ("Tenzing Global Management"), is an investment advisor and Tenzing Global Investors LLC, a Delaware limited liability company ("Tenzing Global Investors"), serves as the general partner of Fund I. Chet Kapoor is a managing partner of each of Tenzing Global Management and Tenzing Global Investors and the portfolio manager of Fund I, and may be deemed to share voting and investment power over the shares held of record by Fund I. Mr. Kapoor disclaims beneficial ownership of all shares held by the foregoing entities except to the extent of his pecuniary interest therein.
  3. The securities are held by accounts managed by Tenzing Global Management on a discretionary basis (the "Parallel Account"). Chet Kapoor is the portfolio manager of the Parallel Account and may be deemed to share voting and investment power over the shares held of record by the Parallel Account. Mr. Kapoor disclaims beneficial ownership of all shares held by the Parallel Account except to the extent of his pecuniary interest therein.
  4. This transaction was executed in multiple trades at prices ranging from $12.84 to $13.08. The price reported above in Column 4 of Table I reflects the weighted average purchase price. The reporting persons hereby undertake to provide upon request to the SEC staff, the issuer or a security holder of the issuer complete information regarding the number of shares and prices at which each of the individual transactions was effected.
  5. This transaction was executed in multiple trades at prices ranging from $12.75 to $13.05. The price reported above in Column 4 of Table I reflects the weighted average purchase price. The reporting persons hereby undertake to provide upon request to the SEC staff, the issuer or a security holder of the issuer complete information regarding the number of shares and prices at which each of the individual transactions was effected.
  6. These shares were acquired pursuant to a restricted stock unit award under the Brightcove Inc. 2012 Stock Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of Brightcove Inc. common stock. The restricted stock units vest in full on May 18, 2017. The Reporting Person will assign to Tenzing Global Investors Fund I LP and other accounts managed on a discretionary basis any shares issuable pursuant to this award or any proceeds from the sale thereof.