Sec Form 4 Filing - Mitchell Christopher @ Bats Global Markets, Inc. - 2016-11-21

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 Mitchell Christopher 2. Issuer Name and Ticker or Trading Symbol Bats Global Markets, Inc. [ BATS] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) C/O SPECTRUM EQUITY, ONE INTERNATIONAL PLACE 3. Date of Earliest Transaction (MM/DD/YY) 11/21/2016 (Street) BOSTON, MA02110 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 11/21/2016 S 4,493 D $ 31.2078 ( 1 ) 9,630 ( 2 ) I By Spectrum VI Investment Managers' Fund, L.P. ( 3 ) Common Stock 11/21/2016 S 727 D $ 31.2078 ( 1 ) 1,559 ( 2 ) I By Spectrum VI Co-Investment Fund, L.P. ( 3 ) Common Stock 11/21/2016 S 1,859,633 D $ 31.2078 ( 1 ) 3,984,419 ( 2 ) I By Spectrum Equity Investors VI, L.P. ( 3 ) Common Stock 11/22/2016 S 214 D $ 31.2007 ( 4 ) 9,416 I By Spectrum VI Investment Managers' Fund, L.P. ( 3 ) Common Stock 11/22/2016 S 35 D $ 31.2007 ( 4 ) 1,524 I By Spectrum VI Co-Investment Fund, L.P. ( 3 ) Common Stock 11/22/2016 S 88,384 D $ 31.2007 ( 4 ) 3,896,035 I By Spectrum Equity Investors VI, L.P. ( 3 )

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 (Instr. 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

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Mitchell Christopher C/O SPECTRUM EQUITY ONE INTERNATIONAL PLACE BOSTON, MA02110 X Signatures /s/ Christopher T. Mitchell 11/23/2016 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The price reflected is the weighted-average sale price for shares purchased. The range of sale prices for the transactions reported was $31.18 to $31.26 per share. The reporting person undertakes to provide, upon request by the SEC staff, full information regarding the number of shares purchased at each separate price. ( 2 )On August 31, 2016, in connection with the liquidation of BGM Holding, L.P. ("BGM"), BGM distributed all of the Issuer's shares that it held to its limited partners, including Spectrum Equity Investors VI, L.P. ("SEI VI") and BGM Spectrum Aggregator LLC ("Aggregator"), in accordance with BGM's Amended and Restated Limited Partnership Agreement. The Aggregator then distributed the shares it received from BGM to Spectrum VI Co-Investment Fund, L.P. ("Co-Investment Fund") and Spectrum VI Investment Managers' Fund, L.P. ("IMF"). SEI VI, Co-Investment Fund and IMF received 5,844,052 shares, 2,286 shares and 14,123 shares, respectively, in the distribution. The Reporting Person did not report the distribution in reliance on the exemption from reporting provided by Rule 16a-13 under the Securities Exchange Act of 1934. ( 3 )The general partner of SEI VI is Spectrum Equity Associates VI, L.P., the general partner of which is SEA VI Management, LLC ("SEA VI LLC"). The general partner of IMF and Co-Investment Fund is SEA VI LLC. The Reporting Person may be deemed to share voting and dispositive power over securities beneficiallly owned by SEA VI LLC. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest. ( 4 )The price reflected is the weighted-average sale price for shares purchased. The range of sale prices for the transactions reported was $31.20 to $31.22 per share. The reporting person undertakes to provide, upon request by the SEC staff, full information regarding the number of shares purchased at each separate price.

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).

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