Sec Form 4 Filing - TA ASSOCIATES, L.P. @ Bats Global Markets, Inc. - 2016-11-17

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 TA ASSOCIATES, L.P. 2. Issuer Name and Ticker or Trading Symbol Bats Global Markets, Inc. [ BATS] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director X __ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 200 CLARENDON STREET, 56TH FLOOR 3. Date of Earliest Transaction (MM/DD/YY) 11/17/2016 (Street) BOSTON, MA02116 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) _____ Form filed by One Reporting Person __ X __ 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 Voting Common Stock 11/17/2016 J( 1 ) 2,058,100 D 4,116,201 ( 2 ) I By TA XI L.P. ( 3 ) Voting Common Stock 11/17/2016 J( 1 ) 1,418,413 D 2,836,826 ( 4 ) I By TA Atlantic and Pacific VI L.P. ( 3 ) Voting Common Stock 11/17/2016 J( 1 ) 69,516 D 139,034 ( 5 ) I By TA Investors IV 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 TA ASSOCIATES, L.P. 200 CLARENDON STREET 56TH FLOOR BOSTON, MA02116 X TA XI, L.P. 200 CLARENDON STREET 56TH FLOOR BOSTON, MA02116 X TA ATLANTIC & PACIFIC VI LP 200 CLARENDON STREET 56TH FLOOR BOSTON, MA02116 X TA INVESTORS IV, L.P. 200 CLARENDON STREET 56TH FLOOR BOSTON, MA02116 X Signatures TA Associates, L.P., by Jeffrey C. Hadden, General Counsel 11/21/2016 Signature of Reporting Person Date TA XI L.P., By TA Associates XI GP L.P., its General Partner, By TA Associates L.P., its General Partner, by Jeffrey C. Hadden, General Counsel 11/21/2016 Signature of Reporting Person Date TA Atlantic and Pacific VI L.P., By TA Associates AP VI L.P., its General Partner, By TA Associates L.P., its General Partner, by Jeffrey C. Hadden, General Counsel 11/21/2016 Signature of Reporting Person Date TA Investors IV L.P., By TA Associates L.P., its General Partner, by Jeffrey C. Hadden, General Counsel 11/21/2016 Signature of Reporting Person Date

Explanation of Responses:

( 1 )On November 17, TA XI L.P. ("TA XI"), TA Atlantic and Pacific VI L.P. ("TA AP VI") and TA Investors IV L.P. ("TA Investors IV" and collectively with TA XI and TA AP VI, the "TA Associates Funds") distributed, for no consideration, 2,058,100 shares, 1,418,413 shares and 69,516 shares, respectively, of Voting Common Stock of the Issuer (collectively, the "Shares") to its limited partners and to TA Associates, L.P. ("TA Associates"), the direct or indirect general partner of each of the TA Associates Funds, representing each such partner's pro rata interest in such Shares. On the same date, TA Associates distributed, for no consideration, the Shares it received in the distribution by the TA Associates Funds to its partners, representing each such partner's pro rata interest in such Shares. All of the aforementioned distributions were made in accordance with the exemptions afforded by Rules 16a-13 and 16a-9 of the Securities Exchange Act of 1934, as amended. ( 2 )Includes 3,401,366 shares received by TA XI in a distribution-in-kind by BGM Holdings, L.P. on August 31, 2016, which distribution was made in accordance with the exemptions afforded by Rule 16a-13 of the Securities Exchange Act of 1934, as amended (the "BGM Distribution"). ( 3 )TA Associates is either the direct or indirect general partner of each of the TA Associates Funds and has investment and voting control over the shares held by the TA Associates Funds. TA Associates disclaims beneficial ownership of the shares held by the TA Associates Funds except to the extent of its pecuniary interest, if any, therein. ( 4 )Includes 2,344,184 shares received by TA AP VI in the BGM Distribution. ( 5 )Includes 114,910 shares received by TA Investors IV in the BGM Distribution.

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