0000902664-22-001916.txt : 20220223 0000902664-22-001916.hdr.sgml : 20220223 20220223182550 ACCESSION NUMBER: 0000902664-22-001916 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20220218 FILED AS OF DATE: 20220223 DATE AS OF CHANGE: 20220223 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: CLEARFIELD CAPITAL MANAGEMENT LP CENTRAL INDEX KEY: 0001643569 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-25259 FILM NUMBER: 22665540 BUSINESS ADDRESS: STREET 1: 430 PARK AVENUE, 11TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212-468-5400 MAIL ADDRESS: STREET 1: 430 PARK AVENUE, 11TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Hilal Philip J. CENTRAL INDEX KEY: 0001889243 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-25259 FILM NUMBER: 22665541 MAIL ADDRESS: STREET 1: 430 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: BOTTOMLINE TECHNOLOGIES INC CENTRAL INDEX KEY: 0001073349 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 020433924 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 BUSINESS ADDRESS: STREET 1: 325 CORPORATE DRIVE CITY: PORTSMOUTH STATE: NH ZIP: 03801 BUSINESS PHONE: 6034360700 MAIL ADDRESS: STREET 1: 325 CORPORATE DRIVE CITY: PORTSMOUTH STATE: NH ZIP: 03801 FORMER COMPANY: FORMER CONFORMED NAME: BOTTOMLINE TECHNOLOGIES INC /DE/ DATE OF NAME CHANGE: 19981110 4 1 ownership.xml X0306 4 2022-02-18 0 0001073349 BOTTOMLINE TECHNOLOGIES INC EPAY 0001889243 Hilal Philip J. 430 PARK AVENUE NEW YORK NY 10022 1 0 0 1 SEE REMARKS 0001643569 CLEARFIELD CAPITAL MANAGEMENT LP 430 PARK AVENUE, 11TH FLOOR NEW YORK NY 10022 0 0 0 1 See Remarks Common Stock, par value $0.001 ("Common Stock") 2022-02-18 4 X 1 284003 A 1209003 I See footnote Common Stock 2022-02-18 4 J 1 284003 56.5 D 925000 I See footnote Common Stock 2022-02-18 4 X 1 92280 A 1017280 I See footnote Common Stock 2022-02-18 4 J 1 92280 56.5862 D 925000 I See footnote Common Stock 10000 D Equity Swap (obligation to buy) 2022-02-18 4 J 1 1 D Common Stock 284003 0 I See footnote Equity Swap (obligation to buy) 2022-02-18 4 J 1 1 D Common Stock 92280 0 I See footnote Cash Settled Share Forward (obligation to sell) 2022-02-18 4 J 1 1 A 2022-02-18 2032-02-20 Common Stock 924900 1 I See footnote The Reporting Persons settled certain cash settled swaps with a reference price of $39.45 pursuant to their terms. This Form 4 is filed by Clearfield Capital Management LP ("Clearfield") and Philip J. Hilal ("Mr. Hilal") with respect to the securities held by a certain fund or funds to which Clearfield serves as investment manager. Mr. Hilal is the Chief Investment Officer of Clearfield and the managing member of Clearfield Capital Management GP LLC, the general partner of Clearfield. The Reporting Persons settled certain cash settled swaps with a reference price of $39.4 pursuant to their terms. The Reporting Persons entered into a cash settled share forward agreement with a forward price of $56.50. Each Reporting Person disclaims beneficial ownership in the securities reported on this Form 4 except to the extent of its or his pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. Clearfield may be deemed to be a director by deputization for purposes of Section 16 under the Securities Exchange Act of 1934, as amended, by virtue of the fact that Mr. Hilal, who indirectly controls Clearfield, currently serves on the board of directors of the Issuer. /s/ Philip J. Hilal 2022-02-23 Clearfield Capital Management LP, by: /s/ Philip J. Hilal, Chief Investment Officer 2022-02-23