Form 4 Mimecast Ltd For: Apr 04 Filed by: Lieberman Jeffrey
FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person
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(Street)
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2. Issuer Name
and
Ticker or Trading Symbol
Mimecast Ltd [ MIME ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 04/04/2019 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check
Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Ordinary Shares | 04/04/2019 | J (1) (2) | 27,980 | A | (2) | 184,039 | D | |||
Ordinary Shares | 04/04/2019 | J (3) | 1,473,056 | D | (3) | 108,720 | I | See Footnotes (4) (5) (6) |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
/s/ Jeffrey Lieberman | 04/08/2019 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |
EXHIBIT 99.1
EXPLANATION OF RESPONSES
(2) On April 4, 2019, pursuant to the distributions automatically effected pursuant to a Rule 10b5-1 distribution plan discussed in footnote 3 below, Jeffrey Lieberman acquired direct ownership of 27,980 ordinary shares of the Issuer. Mr. Lieberman did not furnish any consideration in exchange for such ordinary shares received in connection with such distributions.
(3) On April 4, 2019, the Insight Funds (as defined below) distributed 1,473,056 of the Issuers ordinary shares to their partners, a portion of which were distributed by Insight Venture Associates VII, L.P. (IVA VII) and Insight Venture Associates Coinvestment II, L.P. (IVA Coinvestment II) to its partners. Each such distribution was made on a pro rata basis in accordance with each partners respective ownership interests as determined in accordance with the applicable limited partnership agreement of such distributing entities, with no consideration being paid in connection therewith. The distributions reported on this Form 4 were automatically effected pursuant to a Rule 10b5-1 distribution plan entered into by the Insight Funds on September 14, 2018.
(4) The reporting person is a member of the board of managers of Insight Holdings Group, LLC (Holdings). Holdings is the sole shareholder of Insight Venture Associates VII, Ltd., which in turn is the general partner of IVA VII, which in turn is the general partner of each of Insight Venture Partners VII, L.P., Insight Venture Partners (Cayman) VII, L.P., Insight Venture Partners VII (Co-Investors), L.P. and Insight Venture Partners (Delaware) VII, L.P. (collectively, the IVP VII Funds). Holdings is the general partner of IVA Coinvestment II, which in turn is the general partner of Insight Venture Partners Coinvestment Fund II, L.P. (IVP Coinvestment II and together with the IVP VII Funds, the Insight Funds). In addition, Holdings is the sole shareholder of Insight Venture Associates X, Ltd., which is the manager IVP GP (Venice), LLC, which in turn is the general partner of IVP (Venice), L.P. (IVP Venice).
(5) All ordinary shares of the Issuer indicated as indirectly owned by the reporting person are included herein because the reporting person shares voting and dispositive control of the ordinary shares held of record by the Insight Funds, IVP Venice, IVA VII and IVA Coinvestment II as a member of the board of managers of Holdings and has an indirect pecuniary interest in the ordinary shares of the Issuer held of record by the Insight Funds, IVP Venice, IVA VII and IVA Coinvestment II. The reporting person disclaims beneficial ownership of all ordinary shares of the Issuer attributable to the Insight Funds, IVP Venice, IVA VII and IVA Coinvestment II except to the extent of his pecuniary interest therein.
(6) IVP Venice owns the 108,720 ordinary shares of the Issuer reported as indirectly owned by the reporting person.