James R. Scapa - Nov 15, 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
Nov 15, 2021
Transactions value $
-$2,327,885
Form type
4
Date filed
11/17/2021, 11:06 AM
Previous filing
Oct 21, 2021
Next filing
Nov 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 +7.75K $0.00 7.75K Nov 15, 2021 By James R. Scapa Declaration of Trust dated March 5, 1987 F1
transaction ALTR Class A Common Stock Sale -$592K -7.62K -98.26% $77.75 135 Nov 15, 2021 By James R. Scapa Declaration of Trust dated March 5, 1987 F1, F2, F3
transaction ALTR Class A Common Stock Sale -$10.6K -135 -100% $78.36 0 Nov 15, 2021 By James R. Scapa Declaration of Trust dated March 5, 1987 F1, F2, F4
transaction ALTR Class A Common Stock Conversion of derivative security $0 +6.75K $0.00 6.75K Nov 15, 2021 By JRS Investments LLC F5
transaction ALTR Class A Common Stock Sale -$517K -6.65K -98.52% $77.74 100 Nov 15, 2021 By JRS Investments LLC F2, F5, F6
transaction ALTR Class A Common Stock Sale -$7.84K -100 -100% $78.40 0 Nov 15, 2021 By JRS Investments LLC F2, F5
transaction ALTR Class A Common Stock Conversion of derivative security $0 +8.1K $0.00 8.1K Nov 16, 2021 By James R. Scapa Declaration of Trust dated March 5, 1987 F1
transaction ALTR Class A Common Stock Sale -$300K -3.81K -46.98% $78.86 4.29K Nov 16, 2021 By James R. Scapa Declaration of Trust dated March 5, 1987 F1, F2, F7
transaction ALTR Class A Common Stock Sale -$341K -4.29K -100% $79.33 0 Nov 16, 2021 By James R. Scapa Declaration of Trust dated March 5, 1987 F1, F2, F8
transaction ALTR Class A Common Stock Conversion of derivative security $0 +7.08K $0.00 7.08K Nov 16, 2021 By JRS Investments LLC F5
transaction ALTR Class A Common Stock Sale -$254K -3.22K -45.44% $78.88 3.86K Nov 16, 2021 By JRS Investments LLC F2, F5, F9
transaction ALTR Class A Common Stock Sale -$306K -3.86K -100% $79.35 0 Nov 16, 2021 By JRS Investments LLC F2, F5, F10
holding ALTR Class A Common Stock 119K Nov 15, 2021 Direct F11

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 -7.75K -0.07% $0.00 10.5M Nov 15, 2021 Class A Common Stock 7.75K $0.00 By James R. Scapa Declaration of Trust dated March 5, 1987 F1, F12
transaction ALTR Class B Common Stock Conversion of derivative security $0 -6.75K -0.1% $0.00 6.83M Nov 15, 2021 Class A Common Stock 6.75K $0.00 By JRS Investments LLC F5, F12
transaction ALTR Class B Common Stock Conversion of derivative security $0 -8.1K -0.08% $0.00 10.5M Nov 16, 2021 Class A Common Stock 8.1K $0.00 By James R. Scapa Declaration of Trust dated March 5, 1987 F1, F12
transaction ALTR Class B Common Stock Conversion of derivative security $0 -7.08K -0.1% $0.00 6.82M Nov 16, 2021 Class A Common Stock 7.08K $0.00 By JRS Investments LLC F5, F12
* 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 $77.23 to $78.22 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 $78.23 to $78.39 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 $77.23 to $78.22 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 $78.07 to $79.06 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $79.07 to $79.72 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.
F9 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $78.07 to $79.06 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.
F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $79.07 to $79.73 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.
F11 Includes 47,000 Class A Common Stock restricted stock units that are unvested.
F12 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.