0001410384-20-000144.txt : 20200902 0001410384-20-000144.hdr.sgml : 20200902 20200902163856 ACCESSION NUMBER: 0001410384-20-000144 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200831 FILED AS OF DATE: 20200902 DATE AS OF CHANGE: 20200902 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Diehl Jeffrey T CENTRAL INDEX KEY: 0001597881 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36350 FILM NUMBER: 201157336 MAIL ADDRESS: STREET 1: ONE NORTH WACKER DRIVE STREET 2: SUITE 2200 CITY: CHICAGO STATE: IL ZIP: 60606-2823 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Q2 Holdings, Inc. CENTRAL INDEX KEY: 0001410384 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 202706637 FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 13785 RESEARCH BOULEVARD STREET 2: SUITE 150 CITY: Austin STATE: TX ZIP: 78750 BUSINESS PHONE: 512-275-0072 MAIL ADDRESS: STREET 1: 13785 RESEARCH BOULEVARD STREET 2: SUITE 150 CITY: Austin STATE: TX ZIP: 78750 FORMER COMPANY: FORMER CONFORMED NAME: CBG Holdings, Inc. DATE OF NAME CHANGE: 20120103 FORMER COMPANY: FORMER CONFORMED NAME: CBG Holdings Inc DATE OF NAME CHANGE: 20070821 4 1 wf-form4_159907912093075.xml FORM 4 X0306 4 2020-08-31 0 0001410384 Q2 Holdings, Inc. QTWO 0001597881 Diehl Jeffrey T 1 NORTH WACKER DRIVE SUITE 2700 CHICAGO IL 60606 1 0 0 0 Common Stock 2020-08-31 4 S 0 55000 97.47 D 1022562 I By funds Common Stock 2020-09-01 4 S 0 145000 99.83 D 877562 I By funds Common Stock 10364 D Represents 17,069 shares sold by Adams Street 2006 Direct Fund, L.P., or AS 2006, 19,276 shares sold by Adams Street 2007 Direct Fund, L.P., or AS 2007, 6,458 shares sold by Adams Street 2008 Direct Fund, L.P., or AS 2008, 5,586 shares sold by Adams Street 2009 Direct Fund, L.P., or AS 2009, 3,173 shares sold by Adams Street 2010 Direct Fund, L.P., or AS 2010, 2,549 shares sold by Adams Street 2011 Direct Fund LP, or AS 2011, 202 shares sold by Adams Street Partnership Fund-2007 U.S. Fund, L.P., or AS 2007 US, 259 shares sold by Adams Street Partnership Fund-2008 U.S. Fund, L.P., or AS 2008 US, 230 shares sold by Adams Street Partnership Fund-2009 U.S. Fund, L.P., or AS 2009 US, 162 shares sold by Adams Street Partnership Fund-2010 U.S. Fund, L.P., or AS 2010 US, and 36 shares sold by Adams Street Partnership Fund-2010 U.S. Fund Series B, L.P., or AS 2010 US Series B. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $97.26 to $97.89 inclusive. Reporting Person undertakes to provide to Q2 Holdings, Inc., any security holder of Q2 Holdings, 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 range set forth in this footnote. Represents 317,351 shares held by AS 2006, 358,377 shares held by AS 2007, 120,066 shares held by AS 2008, 103,848 shares held by AS 2009, 58,992 shares held by AS 2010, 47,394 shares held by AS 2011, 3,758 shares held by AS 2007 US, 4,820 shares held by AS 2008 US, 4,276 shares held by AS 2009 US, 3,009 shares held by AS 2010 US, and 671 shares held by AS 2010 US Series B. Jeffrey T. Diehl disclaims beneficial ownership of the Shares except to the extent of his pecuniary interest therein. The shares owned by each of AS 2006, AS 2007, AS 2008, AS 2009, AS 2010, AS 2011, AS 2007 US, AS 2008 US, AS 2009 US, AS 2010 US, and AS 2010 US Series B may be deemed to be beneficially owned by Adams Street Partners, LLC, the managing member of the general partner of each of AS 2006, AS 2007, AS 2008, AS 2009 and AS 2010, the managing member of the general partner of the general partner of AS 2011, and the general partner of AS 2007 US, AS 2008 US, AS 2009 US, AS 2010 US, and AS 2010 US Series B. Mr. Diehl is a partner of Adams Street Partners, LLC (or a subsidiary thereof), and may be deemed to share voting and dispositive power over the shares held by AS 2006, AS 2007, AS 2008, AS 2009, AS 2010, AS 2011, AS 2007 US, AS 2008 US, AS 2009 US, AS 2010 US, and AS 2010 US Series B. Represents 45,001 shares sold by AS 2006, 50,818 shares sold by AS 2007, 17,026 shares sold by AS 2008, 14,726 shares sold by AS 2009, 8,365 shares sold by AS 2010, 6,721 shares sold by AS 2011, 532 shares sold by AS 2007 US, 683 shares sold by AS 2008 US, 606 shares sold by AS 2009 US, 426 shares sold by AS 2010 US, and 96 shares sold by AS 2010 US Series B. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $97.35 to $101.06 inclusive. Reporting Person undertakes to provide to Q2 Holdings, Inc., any security holder of Q2 Holdings, 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 range set forth in this footnote. Represents 272,350 shares held by AS 2006, 307,559 shares held by AS 2007, 103,040 shares held by AS 2008, 89,122 shares held by AS 2009, 50,627 shares held by AS 2010, 40,673 shares held by AS 2011, 3,226 shares held by AS 2007 US, 4,137 shares held by AS 2008 US, 3,670 shares held by AS 2009 US, 2,583 shares held by AS 2010 US, and 575 shares held AS 2010 US Series B. By agreement with AS 2006, AS 2007, AS 2008, AS 2009, AS 2010, and AS 2011 (the "Funds"), Mr. Diehl is deemed to hold the stock for the benefit of the Funds. /s/ M. Scott Kerr, attorney-in-fact 2020-09-02