Sec Form 4 Filing - Crestview Partners II GP, L.P. @ Camping World Holdings, Inc. - 2021-05-04

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
Crestview Partners II GP, L.P.
2. Issuer Name and Ticker or Trading Symbol
Camping World Holdings, Inc. [ CWH]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
C/O CRESTVIEW PARTNERS, 590 MADISON AVENUE, 42ND FLOOR
3. Date of Earliest Transaction (MM/DD/YY)
05/04/2021
(Street)
NEW YORK, NY10022
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
Class A Common Stock 05/04/2021 C 326,531 ( 1 ) A 2,421,331 I See Footnotes ( 13 ) ( 16 ) ( 17 ) ( 18 )
Class B Common Stock 05/04/2021 D 326,531 ( 1 ) ( 2 ) D 7,266,271 I See Footnotes ( 14 ) ( 16 ) ( 17 ) ( 18 )
Class A Common Stock 05/04/2021 S 154,343 ( 3 ) D $ 46.42 ( 4 ) ( 12 ) 2,266,988 I See Footnotes ( 13 ) ( 16 ) ( 17 ) ( 18 )
Class A Common Stock 05/04/2021 S 163,964 ( 3 ) D $ 47.26 ( 5 ) ( 12 ) 2,103,024 I See Footnotes ( 13 ) ( 16 ) ( 17 ) ( 18 )
Class A Common Stock 05/04/2021 S 97,877 ( 3 ) D $ 48.16 ( 6 ) ( 12 ) 2,005,147 I See Footnotes ( 13 ) ( 16 ) ( 17 ) ( 18 )
Class A Common Stock 05/05/2021 C 381,055 ( 1 ) A 2,386,202 I See Footnotes ( 13 ) ( 16 ) ( 17 ) ( 18 )
Class B Common Stock 05/05/2021 D 381,055 ( 1 ) ( 2 ) D 6,885,216 I See Footnotes ( 14 ) ( 16 ) ( 17 ) ( 18 )
Class A Common Stock 05/05/2021 S 111,039 ( 3 ) D $ 46.36 ( 7 ) ( 12 ) 2,275,163 I See Footnotes ( 13 ) ( 16 ) ( 17 ) ( 18 )
Class A Common Stock 05/05/2021 S 150,655 ( 3 ) D $ 47.38 ( 8 ) ( 12 ) 2,124,508 I See Footnotes ( 13 ) ( 16 ) ( 17 ) ( 18 )
Class A Common Stock 05/05/2021 S 212,545 ( 3 ) D $ 48.17 ( 9 ) ( 12 ) 1,911,963 I See Footnotes ( 13 ) ( 16 ) ( 17 ) ( 18 )
Class A Common Stock 05/05/2021 S 11,440 ( 3 ) D $ 48.97 ( 10 ) ( 12 ) 1,900,523 I See Footnotes ( 13 ) ( 16 ) ( 17 ) ( 18 )
Class A Common Stock 05/06/2021 C 2,952 A 1,903,475 I See Footnotes ( 13 ) ( 16 ) ( 17 ) ( 18 )
Class B Common Stock 05/06/2021 D 2,952 D 6,882,264 I See Footnotes ( 14 ) ( 16 ) ( 17 ) ( 18 )
Class A Common Stock 05/06/2021 S 3,763 ( 3 ) D $ 45.81 ( 11 ) ( 12 ) 1,899,712 I See Footnotes ( 13 ) ( 16 ) ( 17 ) ( 18 )
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
Common LLC Units ( 1 ) ( 15 ) 05/04/2021 C 326,531 ( 1 )( 15 ) ( 1 )( 15 ) Class A Common Stock 326,531 ( 1 ) ( 1 ) ( 15 ) 7,266,271 I See Footnotes ( 13 ) ( 14 ) ( 15 ) ( 16 )
Common LLC Units ( 1 ) ( 15 ) 05/05/2021 C 381,055 ( 1 )( 15 ) ( 1 )( 15 ) Class A Common Stock 381,055 ( 1 ) ( 1 ) ( 15 ) 6,885,216 I See Footnotes ( 13 ) ( 14 ) ( 15 ) ( 16 )
Common LLC Units ( 1 ) ( 15 ) 05/06/2021 C 2,952 ( 1 )( 15 ) ( 1 )( 15 ) Class A Common Stock 2,952 ( 1 ) ( 1 ) ( 15 ) 6,882,264 I See Footnotes ( 13 ) ( 14 ) ( 15 ) ( 16 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Crestview Partners II GP, L.P.
C/O CRESTVIEW PARTNERS
590 MADISON AVENUE, 42ND FLOOR
NEW YORK, NY10022
X X
CVRV Acquisition LLC
C/O CRESTVIEW PARTNERS
590 MADISON AVENUE, 42ND FLOOR
NEW YORK, NY10022
X X
CVRV Acquisition II LLC
C/O CRESTVIEW PARTNERS
590 MADISON AVENUE, 42ND FLOOR
NEW YORK, NY10022
X X
Crestview Advisors, L.L.C.
C/O CRESTVIEW PARTNERS
590 MADISON AVENUE, 42ND FLOOR
NEW YORK, NY10022
X X
Cassidy Brian P
C/O CRESTVIEW ADVISORS, L.L.C.
590 MADISON AVENUE, 42ND FLOOR
NEW YORK, NY10022
X
Signatures
By: Crestview Partners II GP, L.P., By: Crestview, L.L.C., its general partner, By: /s/ Ross Oliver, General Counsel 05/06/2021
Signature of Reporting Person Date
By: Brian Cassidy, By: /s/ Ross Oliver, Attorney-in-Fact 05/06/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Reflects the redemption (the "Redemption") by the Reporting Persons of Common LLC Units ("Units") of CWGS Enterprises, LLC, a direct subsidiary of the Issuer, directly owned by CVRV Acquisition LLC in exchange for newly-issued shares of Class A Common Stock of the Issuer ("Class A Shares") on a one-for-one basis.
( 2 )Reflects the cancellation for no consideration of a number shares of Class B Common Stock of the Issuer ("Class B Shares") directly owned by CVRV Acquisition LLC equal to the number of Units redeemed by the Reporting Persons pursuant to their terms in connection with the Redemption.
( 3 )Reflects the number of Class A Shares sold by the Reporting Persons effected pursuant to a Rule 10b5-1 trading plan.
( 4 )The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.80 to $46.79, inclusive.
( 5 )The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $46.80 to $47.79, inclusive.
( 6 )The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $47.80 to $48.42, inclusive.
( 7 )The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.80 to $46,79, inclusive.
( 8 )The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $46.80 to $47.78, inclusive.
( 9 )The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $47.79 to $48.77, inclusive.
( 10 )The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $48.80 to $49.18, inclusive.
( 11 )The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.80 to $45.96, inclusive.
( 12 )The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (4) through (11) to this Form 4.
( 13 )Following the last transaction reported on this Form 4, reflects (i) 1,873,626 Class A Shares directly owned by CVRV Acquisition II LLC and (ii) 26,086 Class A Shares (a) underlying awards of restricted stock units ("RSUs") reported herein or previously granted to Brian P. Cassidy under the Issuer's 2016 Incentive Award Plan (the "Plan") (Mr. Cassidy has assigned all rights, title and interest in the Class A Shares underlying such RSUs to Crestview Advisors, L.L.C.) or (b) held by Crestview Advisors, L.L.C that were delivered upon the vesting of RSUs previously granted under the Plan to Mr. Cassidy and Mr. Kilpatrick.
( 14 )Represents Class B Shares directly beneficially owned by CVRV Acquisition LLC.
( 15 )Represents Units directly owned by CVRV Acquisition LLC. The Units are redeemable at any time by the Reporting Person for, at the election of the Issuer, newly-issued Class A Shares on a one-for-one basis or a cash payment equal to the volume weighted average market price of one Class A Share for each Unit redeemed. Upon the redemption of any Units, a number of Class B Shares equal to the number of Units that are redeemed will be cancelled by the Issuer for no consideration.
( 16 )Crestview Partners II GP, L.P. may be deemed to have beneficial ownership of the Class A Shares directly held by CVRV Acquisition II LLC and the Class B Shares and Common LLC Units directly held by CVRV Acquisition LLC. Crestview Partners II GP, L.P. exercises voting and dispositive power over the foregoing Class A Shares, Class B Shares and Units held by CVRV Acquisition II LLC and CVRV Acquisition LLC, which decisions are made by the investment committee of Crestview Partners II GP, L.P. and the chairman of the investment committee.
( 17 )Mr. Cassidy is a member of the Issuer's board of directors, and is a Partner of each of Crestview, L.L.C. (which is the general partner of Crestview Partners II GP, L.P.) and Crestview Advisors, L.L.C. (which provides investment advisory and management services to certain of the Crestview entities).
( 18 )Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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