Filing Details

Accession Number:
0000899243-16-028912
Form Type:
4
Zero Holdings:
No
Publication Time:
2016-09-13 19:20:18
Reporting Period:
2016-09-09
Filing Date:
2016-09-13
Accepted Time:
2016-09-13 19:20:18
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1211759 Connecture Inc CNXR Services-Prepackaged Software (7372) 000000000
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1344015 Ezra Perlman C/O Francisco Partners Management, L.p.
One Letterman Drive, Building C -Ste 410
San Francisco CA 94129
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 Acquisiton 2016-09-09 53,173 $1.63 3,605,052 No 4 P Indirect See Footnotes
Common Stock Acquisiton 2016-09-12 600 $1.65 3,605,652 No 4 P Indirect See Footnotes
Common Stock Acquisiton 2016-09-13 18,370 $1.69 3,624,022 No 4 P Indirect See Footnotes
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect See Footnotes
No 4 P Indirect See Footnotes
No 4 P Indirect See Footnotes
Footnotes
  1. The price reported in Column 4 is a weighted average price. These shares were acquired in multiple transactions at prices ranging from $1.63 to $1.65, inclusive. The Reporting Person undertakes to provide upon request by the Commission staff, the Issuer, or a security holder of the Issuer full information regarding the number of shares purchased or sold at each separate price.
  2. These securities are directly held by Francisco Partners IV, L.P. ("FP IV") and Francisco Partners IV-A, L.P. ("FP IV-A"). As of the date of this filing, FP IV holds 2,414,050 shares of common stock of Connecture, Inc. (the "Issuer"), having a par value of $0.001 per share (the "Common Stock"), and FP IV-A holds 1,209,972 shares of Common Stock.
  3. As of the date of this filing, FP IV holds 33,306 shares of Series A Convertible Preferred Stock, par value $0.001 per share (the "Preferred Stock"), of the Issuer, and FP IV-A holds 16,694 shares of Preferred Stock. The number of shares of Common Stock deliverable upon conversion of each share of Preferred Stock is equal to approximately 224.9556 shares, subject to customary anti-dilution adjustments, paid-in-kind dividends through June 30, 2016 and other adjustments. The Preferred Stock is convertible at any time and has no expiration date. The Issuer may mandatorily convert the Preferred Stock into Common Stock after May 2, 2018, if certain conditions are met.
  4. The general partner of both FP IV and FP IV-A is Francisco Partners GP IV, L.P. ("FP GP"). The general partner of FP GP is Francisco Partners GP IV Management Limited ("FP GP Management"). Mr. Perlman, an officer of an affiliate of Francisco Partners Management, L.P. ("Francisco Partners"), is a member of the board of directors of the Issuer. FP IV, FP IV-A, FP GP and FP GP Management are affiliates of Francisco Partners and have each filed a separate Form 4 reporting the acquisition of securities of the Issuer that each may be deemed to beneficially own. Mr. Perlman disclaims beneficial ownership of any securities of the Issuer that may be deemed to be beneficially owned by affiliates of Francisco Partners, including FP IV, FP IV-A, FP GP and FP GP Management, except to the extent of his pecuniary interest therein.
  5. The price reported in Column 4 is a weighted average price. These shares were acquired in multiple transactions at prices ranging from $1.65 to $1.70, inclusive. The Reporting Person undertakes to provide upon request by the Commission staff, the Issuer, or a security holder of the Issuer full information regarding the number of shares purchased or sold at each separate price.