George J. Christ - Sep 24, 2021 Form 4 Insider Report for Altair Engineering Inc. (ALTR)

Role
10%+ Owner
Signature
/s/ Raoul Maitra, attorney-in-fact for George J. Christ
Stock symbol
ALTR
Transactions as of
Sep 24, 2021
Transactions value $
$0
Form type
4
Date filed
9/27/2021, 02:04 PM
Previous filing
Sep 3, 2021
Next filing
Oct 12, 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 +375K $0.00 375K Sep 24, 2021 By Christ Revocable Trust dated May 8, 2015 F1
transaction ALTR Class A Common Stock Gift $0 -187K -50% $0.00 187K Sep 24, 2021 By Christ Revocable Trust dated May 8, 2015 F1, F2
transaction ALTR Class A Common Stock Gift $0 -187K -100% $0.00* 0 Sep 24, 2021 By Christ Revocable Trust dated May 8, 2015 F1, F2
holding ALTR Class A Common Stock 187K Sep 24, 2021 By The Dana Christ Irrevocable Trust Dated May 8, 2015 F3
holding ALTR Class A Common Stock 187K Sep 24, 2021 By The Lauren Christ Irrevocable Trust Dated May 8, 2015 F3

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 -375K -5.99% $0.00 5.88M Sep 24, 2021 Class A Common Stock 375K $0.00 By Christ Revocable Trust dated May 8, 2015 F1, F4
holding ALTR Class B Common Stock 4.94M Sep 24, 2021 Class A Common Stock 4.94M $0.00 By GC Investments LLC F4, F5
* 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 On September 24, 2021, the reporting person transferred 187,475 shares of Class A common stock to a family trust of which the reporting person serves as co-Trustee. A member of the reporting person's immediate family is the sole beneficiary of the trust."
F3 Reporting person serves as co-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.
F4 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. 333-225412) for a description of the conversion rights.
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.