James R. Scapa - Sep 17, 2021 Form 4 Insider Report for Altair Engineering Inc. (ALTR)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Raoul Maitra, attorney-in-fact for James R. Scapa
Stock symbol
ALTR
Transactions as of
Sep 17, 2021
Transactions value $
-$2,742,129
Form type
4
Date filed
9/20/2021, 10:42 AM
Previous filing
Sep 17, 2021
Next filing
Oct 19, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALTR Class A Common Stock Conversion of derivative security $0 +22.2K $0.00 22.2K Sep 17, 2021 By James R. Scapa Declaration of Trust dated March 5, 1987 F1
transaction ALTR Class A Common Stock Sale -$1.35M -18.1K -81.83% $74.55 4.03K Sep 17, 2021 By James R. Scapa Declaration of Trust dated March 5, 1987 F1, F2, F3
transaction ALTR Class A Common Stock Sale -$295K -3.93K -97.52% $75.17 100 Sep 17, 2021 By James R. Scapa Declaration of Trust dated March 5, 1987 F1, F2, F4
transaction ALTR Class A Common Stock Sale -$7.61K -100 -100% $76.11 0 Sep 17, 2021 By James R. Scapa Declaration of Trust dated March 5, 1987 F1, F2
transaction ALTR Class A Common Stock Conversion of derivative security $0 +14.6K $0.00 14.6K Sep 17, 2021 By JRS Investments LLC F5
transaction ALTR Class A Common Stock Sale -$885K -11.9K -81.47% $74.55 2.7K Sep 17, 2021 By JRS Investments LLC F2, F5, F6
transaction ALTR Class A Common Stock Sale -$196K -2.6K -96.3% $75.23 100 Sep 17, 2021 By JRS Investments LLC F2, F5, F7
transaction ALTR Class A Common Stock Sale -$7.61K -100 -100% $76.11 0 Sep 17, 2021 By JRS Investments LLC F2, F5
holding ALTR Class A Common Stock 119K Sep 17, 2021 Direct F8

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 ALTR Class B Common Stock Conversion of derivative security $0 -22.2K -0.21% $0.00 10.5M Sep 17, 2021 Class A Common Stock 22.2K $0.00 By James R. Scapa Declaration of Trust dated March 5, 1987 F1, F9
transaction ALTR Class B Common Stock Conversion of derivative security $0 -14.6K -0.21% $0.00 6.86M Sep 17, 2021 Class A Common Stock 14.6K $0.00 By JRS Investments LLC F5, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reporting person serves as Trustee. Reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
F2 The sale of the shares of Class A Common Stock were made pursuant to a plan intended to comply with Rule 10b5-1 of the Exchange Act, previously entered into on June 15, 2020 and as modified on December 15, 2020.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $74.00 to $74.97 per share, inclusive. The reporting person undertakes to provide to Altair Engineering Inc., any security holder of Altair Engineering Inc., 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 ranges set forth herein.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $75.00 to $75.49 per share, inclusive. The reporting person undertakes to provide to Altair Engineering Inc., any security holder of Altair Engineering Inc., 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 ranges set forth herein.
F5 Reporting person serves as Manager. Reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $74.00 to $74.98 per share, inclusive. The reporting person undertakes to provide to Altair Engineering Inc., any security holder of Altair Engineering Inc., 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 ranges set forth herein.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $75.01 to $75.62 per share, inclusive. The reporting person undertakes to provide to Altair Engineering Inc., any security holder of Altair Engineering Inc., 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 ranges set forth herein.
F8 Includes 47,000 Class A Common Stock restricted stock units that are unvested.
F9 Each share of Class B common stock is immediately convertible, at the option of the shareholder, into one share of Class A common stock and shall automatically convert into Class A common stock upon the occurrence of certain events. Please see Altair Engineering Inc. Registration Statement filed with the Securities and Exchange Commission on Form S-1 (File No. 333-220710) for a description of the conversion rights.