0001209191-20-014219.txt : 20200228
0001209191-20-014219.hdr.sgml : 20200228
20200228194843
ACCESSION NUMBER: 0001209191-20-014219
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200228
FILED AS OF DATE: 20200228
DATE AS OF CHANGE: 20200228
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Spero Benjamin C.
CENTRAL INDEX KEY: 0001472386
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38664
FILM NUMBER: 20673673
MAIL ADDRESS:
STREET 1: 333 MIDDLEFIELD ROAD
STREET 2: SUITE 200
CITY: MENLO PARK
STATE: CA
ZIP: 94025
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: SVMK Inc.
CENTRAL INDEX KEY: 0001739936
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370]
IRS NUMBER: 800765058
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: ONE CURIOSITY WAY
CITY: SAN MATEO
STATE: CA
ZIP: 94403
BUSINESS PHONE: 650-543-8400
MAIL ADDRESS:
STREET 1: ONE CURIOSITY WAY
CITY: SAN MATEO
STATE: CA
ZIP: 94403
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2020-02-28
0
0001739936
SVMK Inc.
SVMK
0001472386
Spero Benjamin C.
C/O SPECTRUM EQUITY
140 NEW MONTGOMERY, 20TH FLOOR
SAN FRANCISCO
CA
94105
1
0
0
0
Common Stock
2020-02-28
4
S
0
12692
17.8715
D
0
I
See Footnote
Common Stock
2020-02-28
4
S
0
32308
17.8715
D
0
I
See Footnote
Common Stock
80404
D
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.53 to $18.21, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, 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 to this Form 4.
Shares were held by Spectrum V Investment Managers' Fund, L.P. ("IMF"). The general partner of IMF is SEA V Management, LLC ("SEA V LLC"). The Reporting Person may be deemed to share voting and dispositive power over securities beneficially owned by SEA V LLC. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. Following this sale, no shares are held by IMF.
32,308 shares were held by SEI V SM AIV, L.P. ("SEI V") following a pro rata distribution of 2,655,473 shares by SEI V to its partners. The general partner of SEI V is Spectrum Equity Associates V, L.P., the general partner of which is SEA V LLC. The Reporting Person may be deemed to share voting and dispositive power over securities beneficially owned by SEA V LLC. The Reporting Person disclaims beneficial ownership of the shares except to the extent of his pecuniary interest therein. Following this sale of 32,308 shares, no shares were directly held by by SEI V.
Certain of these securities are restricted stock units, the beneficial ownership of which the Reporting Person disclaims in footnote (6) below. Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock, subject to the applicable vesting schedule and conditions.
Also includes 23,846 shares that were received by the Reporting Person in a pro rata distribution by Spectrum Equity Associates V, L.P. to its partners that was exempt from reporting pursuant to Rule 16a-13 under the Securities Exchange Act of 1934.
Under an agreement with Spectrum Equity, the Reporting Person is deemed to hold the RSUs included herein for the indirect benefit of: (i) SEI V SM AIV, L.P. ("SEI V"), the general partner of which is Spectrum Equity Associates V, L.P., the general partner of which is SEA V Management, LLC ("SEA V LLC"); and (ii) Spectrum V Investment Managers' Fund, LP ("IMF"), the general partner of which is SEA V LLC. Pursuant to the agreement with Spectrum Equity, upon vesting, the shares underlying the RSUs are issued to and held by Spectrum Equity Management, Inc., an affiliate of Spectrum Equity, but are included here. The Reporting Person may be deemed to share voting and dispositive power over securities beneficially owned by SEA V LLC. The Reporting Person disclaims beneficial ownership of the reported RSUs and the underlying common stock except to the extent of his pecuniary interest therein.
Lanson Wan, power of attorney
2020-02-28