Philip J. Hilal - Nov 8, 2021 Form 3 Insider Report for BOTTOMLINE TECHNOLOGIES INC (EPAY)

Role
Director, Other*
Signature
/s/ Philip J. Hilal
Stock symbol
EPAY
Transactions as of
Nov 8, 2021
Transactions value $
$0
Form type
3
Date filed
11/8/2021, 07:10 PM
Next filing
Nov 18, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding EPAY Common Stock, par value $0.001 925K Nov 8, 2021 See footnote F1

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
holding EPAY Equity Swap (obligation to buy) Nov 8, 2021 Common Stock 284K $39.45 See footnote F1, F2
holding EPAY Equity Swap (obligation to buy) Nov 8, 2021 Common Stock 92.3K $39.40 See footnote F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This Form 3 is filed by Clearfield Capital Management LP ("Clearfield") and Philip J. Hilal ("Mr. Hilal") with respect to the securities held by a certain fund or funds to which Clearfield serves as investment manager. Mr. Hilal is the Chief Investment Officer of Clearfield and the managing member of Clearfield Capital Management GP LLC, the general partner of Clearfield.
F2 These cash-settled equity swaps can be settled at any time prior to the expiration date.

Remarks:

Each Reporting Person disclaims beneficial ownership in the securities reported on this Form 3 except to the extent of its or his pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. Clearfield may be deemed to be a director by deputization for purposes of Section 16 under the Securities Exchange Act of 1934, as amended, by virtue of the fact that Mr. Hilal, who indirectly controls Clearfield, currently serves on the board of directors of the Issuer.