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"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
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| 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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
| ( 1 )Altai Capital Management, L.P. ("Investment Manager") serves as investment manager of certain investment funds, including Altai Capital Master Fund, Ltd. ("ACMF") and Altai Capital Osprey, LLC ("Osprey"). The shares of ServiceSource held by ACMF and Osprey may be deemed to be beneficially owned by Investment Manager by virtue of its voting and investment power over those shares. See note 2 below.|
( 2 )Altai Capital Management, LLC ("IMGP") serves as the general partner of Investment Manager. Mr. Bajaj is the managing principal of Investment Manager and member of IMGP as well as the sole member of the managing member of Osprey. Mr. Bajaj disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. See note 3 below.
( 3 )The pro rata disposition of 6,538,415 shares of ServiceSource common stock represents an in-kind liquidating redemption by investors from ACMF. No funds were received by ACMF in connection with such disposition of common stock.
( 4 )The acquisition of 1,478,774 shares of ServiceSource common stock represents an in-kind contribution by investors to Osprey. No funds were received or paid by Osprey in connection with such acquisition of common stock. Each contributing investor received an interest in Osprey proportionate to the amount of ServiceSource common stock contributed by such investor.
Upon completion of the transactions reported herein, each of the Reporting Persons ceased to be a director of or 10% owner with respect to the Issuer.
|* 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).|