Neuberger Berman Group LLC - Jun 8, 2021 Form 4 Insider Report for E2open Parent Holdings, Inc. (ETWO)

Role
Other*, 10%+ Owner
Signature
/s/ Brad Cetron, Deputy General Counsel for Neuberger Berman Group LLC
Stock symbol
ETWO
Transactions as of
Jun 8, 2021
Transactions value $
$0
Form type
4
Date filed
6/10/2021, 06:35 PM
Previous filing
May 26, 2021
Next filing
Sep 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ETWO Class A common stock Conversion of derivative security +1.24M +19.46% 7.63M Jun 8, 2021 Held by CC Neuberger Principal Holdings I Sponsor LLC F1, F2
holding ETWO Class A common stock 20.5M Jun 8, 2021 Held by Neuberger Berman Opportunistic Capital Solutions Master Fund LP F3
holding ETWO Class A common stock 870K Jun 8, 2021 Held by NBOKS Co-Invest Fund I LP 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 ETWO Series B-1 common stock Conversion of derivative security $0 -1.24M -100% $0.00* 0 Jun 8, 2021 Class A Common Stock 1.24M Held by CC Neuberger Principal Holdings I Sponsor LLC F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares of Series B-1 common stock automatically converted into shares of Class A common stock on a one-for-one basis upon the five-day volume weighted average trading price of the Class A common stock exceeding $13.50 per share.
F2 CC Neuberger Principal Holdings I Sponsor LLC ("Sponsor") is controlled by two entities, one of which is Neuberger Berman Opportunistic Capital Solutions Master Fund LP ("Master Fund"). Accordingly, the Reporting Persons share voting and dispositive control over the securities held by Sponsor. The reported securities reflect the pecuniary interest of the Reporting Persons in the securities held by the Sponsor. Each of the Reporting Persons disclaim beneficial ownership of the securities held by the Sponsor except to the extent of its pecuniary interest therein.
F3 Neuberger Berman Investment Advisers LLC ("NBIA") serves as investment adviser to each of Master Fund and NBOKS Co-Invest Fund I LP ("Co-Invest Fund") and, in such capacity, exercises voting or investment power over the shares held directly by Master Fund and Co-Invest Fund. Neuberger Berman Investment Advisers Holdings LLC is the holding company of NBIA and a subsidiary of Neuberger Berman Group LLC.

Remarks:

Master Fund has the contractual right to designate two members to the Issuer's board of directors. Accordingly, each of the Reporting Persons is deemed to be a "director by deputization", as such term is used for purposes of Section 16 of the Exchange Act, of the Issuer.