Searchlight Capital Partners II GP, LLC - 25 May 2021 Form 4 Insider Report for Shift4 Payments, Inc. (FOUR)

Role
10%+ Owner
Signature
Searchlight Capital Partners II GP, LLC, By: /s/ Andrew Frey, authorized person
Issuer symbol
FOUR
Transactions as of
25 May 2021
Net transactions value
-$57,703,253
Form type
4
Filing time
27 May 2021, 19:47:38 UTC
Previous filing
25 May 2021
Next filing
11 Aug 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FOUR Class A Common Stock Conversion of derivative security $0 +292,560 $0.000000 292,560 25 May 2021 See footnotes F1, F2
transaction FOUR Class B Common Stock Other $0 -292,560 -11% $0.000000 2,411,388 25 May 2021 See footnotes F2, F3, F4
transaction FOUR Class C Common Stock Conversion of derivative security $0 -339,318 -11% $0.000000 2,796,794 25 May 2021 See footnotes F2, F5
transaction FOUR Class A Common Stock Conversion of derivative security $0 +339,318 +116% $0.000000 631,878 25 May 2021 See footnotes F2, F6
transaction FOUR Class A Common Stock Sale $52,109,200 -572,000 -91% $91.10 59,878 25 May 2021 See footnote F2
transaction FOUR Class A Common Stock Sale $3,044,348 -32,737 -55% $92.99 27,141 25 May 2021 See footnote F2, F7
transaction FOUR Class A Common Stock Sale $1,857,301 -19,828 -73% $93.67 7,313 25 May 2021 See footnote F2, F8
transaction FOUR Class A Common Stock Sale $692,404 -7,313 -100% $94.68 0 25 May 2021 See footnote F2, F9

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FOUR LLC Interests Conversion of derivative security $0 -292,560 -11% $0.000000 2,411,388 25 May 2021 Class A Common Stock 292,560 See footnotes F1, F2, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents securities held of record by Searchlight II GWN, L.P.
F2 Searchlight II GWN GP, LLC is the general partner of Searchlight II GWN, L.P. and may be deemed to share beneficial ownership over the securities held of record by Searchlight II GWN, L.P. Searchlight Capital Partners II GP, LLC is the general partner of Searchlight Capital Partners II GP, LP, which is the general partner of Searchlight Capital II PV, L.P., Searchlight Capital II, L.P. and the members of Searchlight II GWN GP, LLC. As such, each of Searchlight Capital Partners II GP, LLC and Searchlight Capital Partners II GP, LP may be deemed to share beneficial ownership over the securities held of record by each of Searchlight Capital II PV, L.P., Searchlight Capital II, L.P. and Searchlight II GWN, L.P.
F3 Reflects the cancellation for no consideration of Class B Common Stock in connection with the conversion of the LLC Interests in to Class A Common Stock.
F4 Securities are held of record by Searchlight Capital II, L.P.
F5 Following the transactions reported herein, represents 226,773 Class C Common Stock held of record by Searchlight Capital II, L.P. and 2,570,021 Class C Common Stock held directly by Searchlight Capital II PV, L.P.
F6 Following the conversion of shares, represents 27,512 Class A Common Stock held of record by Searchlight Capital II, L.P., 311,806 Class A Common Stock held of record by Searchlight Capital II PV, L.P. and 292,560 Class A Common Stock held of record by Searchlight II GWN, L.P.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $92.40 to $93.39. The reporting persons undertake to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $93.41 to $94.405. The reporting persons undertake to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F9 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $94.45 to $94.785. The reporting persons undertake to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F10 The LLC Interests may be redeemed by Searchlight II GWN, L.P. at any time for shares of the Issuer's Class A Common Stock on a 1-to-1 basis.