Sec Form 4 Filing - Rad Sean @ Match Group, Inc. - 2017-08-09

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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
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1. Name and Address of Reporting Person
Rad Sean
2. Issuer Name and Ticker or Trading Symbol
Match Group, Inc. [ MTCH]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
_____ Officer (give title below) X __ Other (specify below)
Former 10% Owner
(Last) (First) (Middle)
C/O MATCH GROUP, INC., 8750 N. CENTRAL EXPRESSWAY, SUITE 1400
3. Date of Earliest Transaction (MM/DD/YY)
08/09/2017
(Street)
DALLAS, TX75231
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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
Common stock, par value $0.001 08/09/2017 X 0 ( 1 ) ( 2 ) A $ 2.17 1,000 I By the Rad Holdings Trust
Common stock, par value $0.001 08/09/2017 X 0 ( 1 ) ( 2 ) A $ 2.3 1,000 I By the Rad Holdings Trust
Common stock, par value $0.001 08/09/2017 X 0 ( 1 ) ( 2 ) A $ 2.47 1,000 I By the Rad Holdings Trust
Common stock, par value $0.001 08/09/2017 X 0 ( 1 ) ( 2 ) A $ 2.63 1,000 I By the Rad Holdings Trust
Common stock, par value $0.001 08/09/2017 X 0 ( 1 ) ( 2 ) A $ 2.8 1,000 I By the Rad Holdings Trust
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Inst r. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 of Derivative Security: 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
Stock Option (right to buy) $ 2.17 08/09/2017 X 5,127,392 07/13/2017( 3 ) 04/22/2023 Common Stock 5,127,392 $ 0 0 D
Stock Option (right to buy) $ 2.3 08/09/2017 X 1,439,674 07/13/2017( 3 ) 04/22/2023 Common Stock 1,439,674 $ 0 0 D
Stock Option (right to buy) $ 2.47 08/09/2017 X 1,439,674 07/13/2017 04/22/2023 Common Stock 1,439,674 $ 0 0 D
Stock Option (right to buy) $ 2.63 08/09/2017 X 1,439,674 07/13/2017( 3 ) 04/22/2023 Common Stock 1,439,674 $ 0 0 D
Stock Option (right to buy) $ 2.8 08/09/2017 X 1,439,674 07/13/2017( 3 ) 04/22/2023 Common Stock 1,439,674 $ 0 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Rad Sean
C/O MATCH GROUP, INC.
8750 N. CENTRAL EXPRESSWAY, SUITE 1400
DALLAS, TX75231
Former 10% Owner
Signatures
/s/ Sean Rad 08/10/2017
Signature of Reporting Person Date
Explanation of Responses:
( 1 )As disclosed in Table II, the Reporting Person exercised stock options in respect of shares of common stock, par value $0.001 per share, of the Issuer ("Match Common Stock"). Such stock options, as reported in footnote 3, may be settled at the election of the Issuer in shares of Match Common Stock or (until such time as IAC/InterActiveCorp, a Delaware corporation ("IAC"), ceases to own shares representing a majority of the combined voting power of the Issuer's outstanding Match Common Stock, Class B Common Stock, par value $0.001 per share ("Class B Common Stock"), and Class C Common Stock, par value $0.001 per share ("Class C Common Stock")) shares of common stock, par value $0.001 per share, of IAC ("IAC Common Stock"), if the Reporting Person elects to "net settle" such options by having shares withheld to cover the exercise price and any applicable withholding taxes. (continued in footnote 2)
( 2 )(continued from footnote 1) The Reporting Person elected "net settlement" with respect to the exercised stock options described in Table II, and the Issuer elected to effectuate such settlement in shares of IAC Common Stock. The Issuer delivered 816,805 shares of IAC Common Stock to the Reporting Person after withholding shares in respect of the aggregate exercise price and applicable tax withholding. In addition, the Issuer paid the Reporting Person $82.55 in cash in lieu of issuing a fractional share. The foregoing settlement was based on the closing price of a share of IAC Common Stock on August 9, 2017, which was $105.28. The Reporting Person did not acquire any shares of Match Common Stock as a result of the exercise of stock options disclosed in Table II.
( 3 )100% of the shares subject to the options were vested as of July 13, 2017. The options may be settled (i) at the election of the Issuer, in shares of Match Common Stock or (until such time as IAC ceases to own shares representing a majority of the combined voting power of the Issuer's outstanding Match Common Stock, Class B Common Stock, and Class C Common Stock) shares of IAC Common Stock, if the Reporting Person elects to "net settle" such options by having shares withheld to cover the exercise price and any applicable withholding taxes, or (ii) in shares of Match Common Stock, if the Reporting Person elects to pay the exercise price and any applicable withholding taxes in cash.

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