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Filing Details

Accession Number:: 0001144204-17-014270
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2017-03-13 17:01:58
Reporting Period:: 2017-03-09

Filing Date:: 2017-03-13
Accepted Time:: 2017-03-13 17:01:58
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1410384	Q2 Holdings Inc.	QTWO	()	DE

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1193586	Adams Street Partners Llc	One North Wacker Drive Suite 2200 Chicago IL 60606		No	No	Yes	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2017-03-09	200,000	$35.00	3,678,467	No	4	S	Indirect	See footnote
Common Stock	Disposition	2017-03-10	125,000	$35.00	3,553,467	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

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	899	Indirect	See footnote

Footnotes

Represents 62,338 shares sold by Adams Street 2006 Direct Fund, L.P. (AS 2006), 70,397 shares sold by Adams Street 2007 Direct Fund, L.P. (AS 2007), 23,585 shares sold by Adams Street 2008 Direct Fund, L.P. (AS 2008), 20,399 shares sold by Adams Street 2009 Direct Fund, L.P. (AS 2009), 11,588 shares sold by Adams Street 2010 Direct Fund, L.P. (AS 2010), 9,310 shares sold by Adams Street 2011 Direct Fund LP (AS 2011), 542 shares sold by Adams Street Partnership Fund - 2007 U.S. Fund, L.P. (AS 2007 US), 695 shares sold by Adams Street Partnership Fund - 2008 U.S. Fund, L.P. (AS 2008 US), 617 shares sold by Adams Street Partnership Fund - 2009 U.S. Fund, L.P. (AS 2009 US), 433 shares sold by Adams Street Partnership Fund - 2010 U.S. Fund, L.P. (AS 2010 US), and 96 shares sold by Adams Street Partnership Fund - 2010 U.S. Fund - Series B, L.P. (AS 2010 US Series B).
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.00 to $35.05 inclusive.
Represents 1,146,538 shares held by AS 2006, 1,294,760 shares held by AS 2007, 433,781 shares held by AS 2008, 375,190 shares held by AS 2009, 213,128 shares held by AS 2010, 171,227 shares held by AS 2011, 9,965 shares held by AS 2007 US, 12,781 shares held by AS 2008 US, 11,340 shares held by AS 2009 US, 7,979 shares held by AS 2010 US, and 1,778 shares held by AS 2010 US Series B.
The shares owned by each of AS 2006, AS 2007, AS 2008, AS 2009, AS 2010, AS 2011, AS 2007 US, AS 2008 US, AS 2009 US, AS 2010 US, and AS 2010 US Series B (the aforementioned funds, the "Funds") may be deemed to be beneficially owned by Adams Street Partners, LLC, the managing member of the general partner of each of AS 2006, AS 2007, AS 2008, AS 2009 and AS 2010, the managing member of the general partner of the general partner of AS 2011, and the general partner of AS 2007 US, AS 2008 US, AS 2009 US, AS 2010 US, and AS 2010 US Series B. (Continued in Footnote 5)
(Continued from Footnote 4) Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray and Michael R. Zappert, each of whom is a partner of Adams Street Partners, LLC (or a subsidiary thereof), may be deemed to share voting and dispositive power over the shares held by the Funds. Adams Street Partners, LLC and Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray and Michael R. Zappert disclaim beneficial ownership of the shares held by the Funds except to the extent of their pecuniary interest therein.
Represents 38,961 shares sold by AS 2006, 43,998 shares sold by AS 2007, 14,741 shares sold by AS 2008, 12,750 shares sold by AS 2009, 7,242 shares sold by AS 2010, 5,819 shares sold by AS 2011, 339 shares sold by AS 2007 US, 434 shares sold by AS 2008 US, 385 shares sold by AS 2009 US, 271 shares sold by AS 2010 US, and 60 shares sold by AS 2010 US Series B.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.00 to $35.05 inclusive.
Represents 1,107,577 shares held by AS 2006, 1,250,762 shares held by AS 2007, 419,040 shares held by AS 2008, 362,440 shares held by AS 2009, 205,886 shares held by AS 2010, 165,408 shares held by AS 2011, 9,626 shares held by AS 2007 US, 12,347 shares held by AS 2008 US, 10,955 shares held by AS 2009 US, 7,708 shares held by AS 2010 US, and 1,718 shares held by AS 2010 US Series B.
The shares owned by each of AS 2006, AS 2007, AS 2008, AS 2009, AS 2010, AS 2011, AS 2007 US, AS 2008 US, AS 2009 US, AS 2010 US, and AS 2010 US Series B (the aforementioned funds, the "Funds") may be deemed to be beneficially owned by Adams Street Partners, LLC, the managing member of the general partner of each of AS 2006, AS 2007, AS 2008, AS 2009 and AS 2010, the managing member of the general partner of the general partner of AS 2011, and the general partner of AS 2007 US, AS 2008 US, AS 2009 US, AS 2010 US, and AS 2010 US Series B. (Continued in Footnote 10)
(Continued from Footnote 9) Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray and Michael R. Zappert, each of whom is a partner of Adams Street Partners, LLC (or a subsidiary thereof), may be deemed to share voting and dispositive power over the shares held by the Funds. Adams Street Partners, LLC and Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray and Michael R. Zappert disclaim beneficial ownership of the shares held by the Funds except to the extent of their pecuniary interest therein.
The shares are held by Jeffrey T. Diehl, who is a partner of Adams Street Partners, LLC ("ASP"). ASP is the managing member of the general partner of each of AS 2006, AS 2007, AS 2008, AS 2009, and AS 2010, the managing member of the general partner of the general partner of AS 2011 (the aforementioned direct funds, the "Direct Funds"), and the general partner of AS 2007 US, AS 2008 US, AS 2009 US, AS 2010 US, and AS 2010 US Series B. By agreement with the Direct Funds, Mr. Diehl is deemed to hold the shares for the benefit of the Direct Funds. (Continued in Footnote 12)
(Continued from Footnote 11) The shares may be deemed to be beneficially owned by ASP. Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray and Michael R. Zappert, each of whom is a partner of Adams Street Partners, LLC (or a subsidiary thereof), may be deemed to have shared voting and investment power over the shares. ASP and Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray and Michael R. Zappert disclaim beneficial ownership of the shares except to the extent of their pecuniary interest therein.