0000899243-22-035556.txt : 20221110 0000899243-22-035556.hdr.sgml : 20221110 20221110173347 ACCESSION NUMBER: 0000899243-22-035556 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20221108 FILED AS OF DATE: 20221110 DATE AS OF CHANGE: 20221110 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Silver Lake Group, L.L.C. CENTRAL INDEX KEY: 0001418226 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39497 FILM NUMBER: 221378789 BUSINESS ADDRESS: STREET 1: 2775 SAND HILL ROAD, SUITE 100 CITY: MENLO PARK STATE: CA ZIP: 94025 BUSINESS PHONE: 6502338120 MAIL ADDRESS: STREET 1: 2775 SAND HILL ROAD, SUITE 100 CITY: MENLO PARK STATE: CA ZIP: 94025 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Durban Egon CENTRAL INDEX KEY: 0001651403 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39497 FILM NUMBER: 221378788 MAIL ADDRESS: STREET 1: C/O SILVER LAKE STREET 2: 2775 SAND HILL ROAD, SUITE 100 CITY: MENLO PARK STATE: CA ZIP: 94025 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Unity Software Inc. CENTRAL INDEX KEY: 0001810806 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 270334803 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 30 - 3RD STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94103 BUSINESS PHONE: 415-539-3162 MAIL ADDRESS: STREET 1: 30 - 3RD STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94103 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2022-11-08 0 0001810806 Unity Software Inc. U 0001418226 Silver Lake Group, L.L.C. 2775 SAND HILL ROAD, SUITE 100 MENLO PARK CA 94025 1 0 0 0 0001651403 Durban Egon C/O SILVER LAKE 2775 SAND HILL ROAD, SUITE 100 MENLO PARK CA 94025 1 0 0 0 2.00% Convertible Senior Notes due 2027 48.89 2022-11-08 4 A 0 376000000.00 376000000.00 A Common Stock 7690177 376000000.00 I Held through SLP VI Union Holdings, L.P. 2.00% Convertible Senior Notes due 2027 48.89 2022-11-08 4 A 0 376000000.00 376000000.00 A Common Stock 7690177 376000000.00 I Held through SLP VI Union Holdings II, L.P. 2.00% Convertible Senior Notes due 2027 48.89 2022-11-08 4 A 0 188000000.00 188000000.00 A Common Stock 3845088 188000000.00 I Held through SLA Union Holdings L.P. On July 13, 2022, affiliates of the Reporting Persons entered into an Investment Agreement (the "Investment Agreement") with Unity Software Inc. (the "Issuer"), pursuant to which, on November 8, 2022, SLP VI Union Holdings, L.P. ("SLP Union") purchased $376 million principal amount of the 2.00% Convertible Senior Notes due 2027 (the "Convertible Notes") of the Issuer, SLP VI Union Holdings II, L.P. ("SLP Union II") purchased $376 million principal amount of Convertible Notes and SLA Union Holdings, L.P. ("SLA Union") purchased $188 million principal amount of Convertible Notes under an indenture governing the Convertible Notes. Represents Convertible Notes held by SLP Union. SLP VI Union GP, L.L.C. ("SLP Union GP") is the general partner of SLP Union. Represents Convertible Notes held by SLP Union II. SLP VI Union GP II, L.L.C. ("SLP Union GP II") is the general partner of SLP Union II. SLP VI Union Aggregator, L.P. ("SLP Aggregator") is the managing member of SLP Union GP and SLP Union GP II. SLP VI Aggregator GP, L.L.C. ("SLP VI GP") is the general partner of SLP Aggregator. Silver Lake Technology Associates VI, L.P. ("SLTA VI") is the managing member of SLP VI GP. SLTA VI (GP), L.L.C. ("SLTA VI GP") is the general partner of SLTA VI. Represents Convertible Notes held by SLA Union. SLA Union GP, L.L.C. ("SLA Union GP") is the general partner of SLA Union. SLA Union Aggregator, L.P. ("SLA Aggregator") is the managing member of SLA Union GP. SL Alpine II Aggregator GP, L.L.C. ("SLA II GP") is the general partner of SLA Aggregator. Silver Lake Alpine Associates II, L.P. ("SLAA II") is the managing member of SLA II GP. SLAA II (GP), L.L.C. ("SLAA II GP") is the general partner of SLAA II. Silver Lake Group, L.L.C. ("SLG") is the managing member of each of SLTA VI GP and SLAA II GP. Mr. Egon Durban serves as a member of the board of directors of the Issuer and as Co-CEO and a Managing Member of SLG. Each of SLP Union, SLP Union GP, SLP Union II, SLP Union GP II, SLP Aggregator, SLP VI GP, SLTA VI, SLTA VI GP, SLA Union, SLA Union GP, SLA Aggregator, SLA II GP, SLAA II, SLAA II GP and SLG may be deemed to be a director by deputization of the Issuer. The initial Conversion Rate is equivalent to an initial conversion price of approximately $48.89 per share of Common Stock. In accordance with the Investment Agreement, each of SLP Union, SLP Union II and SLA Union are restricted from converting the Convertible Notes prior to the earlier of (i) twelve months after the date of issuance and (ii) the consummation of a change of control of the Issuer or entry into a definitive agreement for a transaction that, if consummated, would result in a change of control, in each case, subject to certain exceptions. The Convertible Notes mature on November 15, 2027, subject to earlier repurchase or conversion in accordance with their terms. Upon conversion of the Convertible Notes, the Issuer will deliver, at its election, cash, shares of Common Stock or a combination thereof. This number represents the number of shares of Common Stock issuable upon conversion of the Convertible Notes if the Issuer elects to settle its conversion obligation solely through the delivery of shares of Common Stock by delivering a number of shares of Common Stock at the initial conversion rate of 20.4526 shares of Common Stock (the "Conversion Rate"), and cash in lieu of fractional shares of Common Stock, per $1,000 principal amount of Convertible Notes. The initial Conversion Rate is subject to adjustment from time to time upon the occurrence of certain customary events in accordance with the terms of an indenture governing the Convertible Notes. Not included on this Form 4 are an aggregate of 34,984,419 shares of Common Stock held by SLG or its affiliated investment funds and additional shares of Common Stock held by Mr. Egon Durban or affiliated investment vehicles. The Reporting Persons are jointly filing this Form 4 pursuant to Rule 16a-3(j) under the Exchange Act. This filing shall not be deemed an admission that the Reporting Persons are beneficial owners of all securities covered by this filing for purposes of Section 16 of the Exchange Act or otherwise, or are subject to Section 16 of the Exchange Act, and each Reporting Person disclaims beneficial ownership of these securities, except to the extent of such Reporting Person's pecuniary interest therein, if any. By: /s/ Andrew J. Schader, Managing Director and General Counsel of Silver Lake Group, L.L.C. 2022-11-10 /s/ Egon Durban 2022-11-10