SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* SPECTRUM EQUITY INVESTORS VI LP (Last) (First) (Middle) 140 NEW MONTGOMERY STREET, 20TH FLOOR (Street) SAN FRANCISCO CA 94105 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 04/14/2016	3. Issuer Name and Ticker or Trading Symbol Bats Global Markets, Inc. [ BATS ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	4,027,808	I	See footnote(1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person* SPECTRUM EQUITY INVESTORS VI LP (Last) (First) (Middle) 140 NEW MONTGOMERY STREET, 20TH FLOOR (Street) SAN FRANCISCO CA 94105 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Spectrum Equity Associates VI, L.P. (Last) (First) (Middle) 140 NEW MONTGOMERY STREET, 20TH FLOOR (Street) SAN FRANCISCO CA 94105 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* SEA VI Management LLC (Last) (First) (Middle) 140 NEW MONTGOMERY STREET, 20TH FLOOR (Street) SAN FRANCISCO CA 94105 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* APPLEGATE BRION B (Last) (First) (Middle) C/O SPECTRUM EQUITY 140 NEW MONTGOMERY STREET, 20TH FLOOR (Street) SAN FRANCISCO CA 94105 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* COLLATOS WILLIAM P (Last) (First) (Middle) C/O SPECTRUM EQUITY 140 NEW MONTGOMERY STREET, 20TH FLOOR (Street) SAN FRANCISCO CA 94105 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* PARKER VICTOR E JR (Last) (First) (Middle) C/O SPECTRUM EQUITY 140 NEW MONTGOMERY STREET, 20TH FLOOR (Street) SAN FRANCISCO CA 94105 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Spero Benjamin C. (Last) (First) (Middle) C/O SPECTRUM EQUITY 140 NEW MONTGOMERY STREET, 20TH FLOOR (Street) SAN FRANCISCO CA 94105 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. The shares of common stock of Bats Global Markets, Inc. reported as beneficially owned consist of 4,027,808 shares of the Issuer's common stock held of record by BGM Holding, L.P. BGM Holding GP, LLC is the general partner of BGM Holding, L.P. BGM Holding GP, LLC is 50% owned and controlled by Spectrum Equity Investors VI L.P., which may be deemed to share voting and dispositive power over the shares held by BGM Holding, L.P. The general partner of Spectrum Equity Investors VI L.P. is Spectrum Equity Associates VI, L.P., the general partner of which is SEA VI Management, LLC, over which Brion B. Applegate, William P. Collatos, Victor E Parker, Christopher T. Mitchell, one of the Issuer's directors, and Benjamin C. Spero exercise voting and dispositive power. Each of the Reporting Persons disclaims beneficial ownership of the shares held by BGM Holding, L.P. except to the extent of any pecuniary interest therein.

Remarks:

	/s/ Carolina A. Picazo, Authorized Person of SEA VI Management, LLC, the general partner of Spectrum Equity Associates VI, L.P., the general partner of Spectrum Equity Investors VI, L.P.	04/15/2016
	/s/ Carolina A. Picazo, Authorized Person of SEA VI Management, LLC, the general partner of Spectrum Equity Associates VI, L.P.	04/15/2016
	/s/ Carolina A. Picazo, Authorized Person of SEA VI Management, LLC	04/15/2016
	/s/ Carolina A. Picazo as attorney-in-fact for Brion B. Applegate	04/15/2016
	/s/ Carolina A. Picazo as attorney-in-fact for William P. Collatos	04/15/2016
	/s/ Carolina A. Picazo as attorney-in-fact for Victor E. Parker	04/15/2016
	/s/ Carolina A. Picazo as attorney-in-fact for Benjamin C. Spero	04/15/2016
	** Signature of Reporting Person	Date
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