Filing Details

Accession Number:
0000899243-16-028915
Form Type:
4
Zero Holdings:
No
Publication Time:
2016-09-13 19:26:18
Reporting Period:
2016-09-09
Filing Date:
2016-09-13
Accepted Time:
2016-09-13 19:26:18
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
1622902 Francisco Partners Iv, L.p. C/o Francisco Partners Management, L.p.
One Letterman Drive, Building C -Ste 410
San Francisco CA 94129
No No Yes No
1622908 Francisco Partners Iv-A, L.p. C/o Francisco Partners Management, L.p.
One Letterman Drive, Building C -Ste 410
San Francisco CA 94129
No No Yes No
1673966 Ltd Management Iv Gp Partners Francisco C/o Francisco Partners Management, L.p.
One Letterman Drive, Building C -Ste 410
San Francisco CA 94129
No No Yes No
1674067 Francisco Partners Gp Iv, L.p. C/o Francisco Partners Management, L.p.
One Letterman Drive, Building C -Ste 410
San Francisco CA 94129
No 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
Common Stock Acquisiton 2016-09-09 35,420 $1.63 2,401,413 No 4 P Indirect See Footnotes
Common Stock Acquisiton 2016-09-09 17,753 $1.63 1,203,639 No 4 P Indirect See Footnotes
Common Stock Acquisiton 2016-09-12 400 $1.65 2,401,813 No 4 P Indirect See Footnotes
Common Stock Acquisiton 2016-09-12 200 $1.65 1,203,839 No 4 P Indirect See Footnotes
Common Stock Acquisiton 2016-09-13 12,237 $1.69 2,414,050 No 4 P Indirect See Footnotes
Common Stock Acquisiton 2016-09-13 6,133 $1.69 1,209,972 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
No 4 P Indirect See Footnotes
No 4 P Indirect See Footnotes
No 4 P Indirect See Footnotes
Footnotes
  1. The prices reported in Column 4 are weighted average prices. These shares were acquired in multiple transactions at prices ranging from $1.63 to $1.65, inclusive. The Reporting Persons undertake 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"). The number of shares of common stock of Connecture, Inc. (the "Issuer"), having par value of $0.001 per share (the "Common Stock"), deliverable upon conversion of each share of Series A Convertible Preferred Stock, par value $0.001 per share (the "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. As of the date of this filing, FP IV holds 2,414,050 shares of Common Stock and 33,306 shares of Preferred Stock, which is convertible into 7,492,369 shares of Common Stock.
  3. These securities are directly held by Francisco Partners IV-A, L.P. ("FP IV-A"). As of the date of this filing, FP IV-A holds 1,209,972 shares of Common Stock and 16,694 shares of Preferred Stock, which is convertible into 3,755,408 shares of Common Stock.
  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" and collectively with FP IV, FP IV-A and FP GP, "Francisco Partners").
  5. The Directors of FP GP Management are Mr. Dipanjan Deb and Mr. Tom Ludwig and the Investment Committee of FP GP Management consists of Mr. Deb, Mr. David Golob, Mr. Ezra Perlman, and Mr. Keith Geeslin (collectively, the "FP Directors").
  6. Information with respect to each of the Reporting Persons is given solely by such Reporting Person, and no Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person.
  7. Each of such Francisco Partners entities and the FP Directors may be deemed to beneficially own the securities of the Issuer beneficially owned by FP IV and FP IV-A directly or indirectly controlled by it, but each (other than FP IV and FP IV-A to the extent of their direct holdings) disclaims beneficial ownership of such securities, except to the extent of such Reporting Person's pecuniary interest therein. The filing of this statement shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, the Reporting Persons are the beneficial owners of any securities reported herein.
  8. The prices reported in Column 4 are weighted average prices. These shares were acquired in multiple transactions at prices ranging from $1.65 to $1.70, inclusive. The Reporting Persons undertake 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.