Searchlight Capital Partners II GP, LLC - 09 Aug 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
09 Aug 2021
Net transactions value
-$355,937,500
Form type
4
Filing time
11 Aug 2021, 20:24:01 UTC
Previous filing
27 May 2021
Next filing
28 Jan 2022
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 +1,967,750 $0.000000 1,967,750 09 Aug 2021 See footnotes F1, F2
transaction FOUR Class B Common Stock Other $0 -1,967,750 -82% $0.000000 443,638 09 Aug 2021 See footnotes F2, F3, F4
transaction FOUR Class C Common Stock Conversion of derivative security $0 -2,282,250 -82% $0.000000 514,544 09 Aug 2021 See footnotes F2, F5
transaction FOUR Class A Common Stock Conversion of derivative security $0 +2,282,250 +116% $0.000000 4,250,000 09 Aug 2021 See footnotes F2, F6
transaction FOUR Class A Common Stock Sale $355,937,500 -4,250,000 -100% $83.75 0 09 Aug 2021 See footnotes F2, F7

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 -1,967,750 -82% $0.000000 443,638 09 Aug 2021 Class A Common Stock 1,967,750 See footnotes F1, F2, F7
* 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 41,714 Class C Common Stock held of record by Searchlight Capital II, L.P. and 472,830 Class C Common Stock held directly by Searchlight Capital II PV, L.P.
F6 Following the conversion of shares, represents 185,050 Class A Common Stock held of record by Searchlight Capital II, L.P., 2,097,200 Class A Common Stock held of record by Searchlight Capital II PV, L.P. and 1,967,750 Class A Common Stock held of record by Searchlight II GWN, L.P.
F7 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.