Sec Form 4 Filing - Canyon Holdings (Cayman), L.P. @ CISION LTD. - 2019-01-23

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
Canyon Holdings (Cayman), L.P.
2. Issuer Name and Ticker or Trading Symbol
CISION LTD. [ CISN]
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)
300 NORTH LASALLE STREET, SUITE 5600
3. Date of Earliest Transaction (MM/DD/YY)
01/23/2019
(Street)
CHICAGO, IL60654
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
Ordinary Shares 01/23/2019 J( 1 ) 457,862 D $ 0 0 I ( 2 ) ( 3 ) See footnote ( 4 )
Ordinary Shares 01/23/2019 J( 1 ) 893 D $ 0 0 D ( 5 )
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
Canyon Holdings (Cayman), L.P.
300 NORTH LASALLE STREET
SUITE 5600
CHICAGO, IL60654
X X
CANYON PARTNERS, LTD.
300 NORTH LASALLE STREET
SUITE 5600
CHICAGO, IL60654
X X
GTCR INVESTMENT X AIV LTD.
300 NORTH LASALLE STREET
SUITE 5600
CHICAGO, IL60654
X X
Signatures
CANYON HOLDINGS (CAYMAN), L.P., By: Canyon Partners Ltd., its general partner, By: /s/ Jeffrey S. Wright, Name: Jeffrey S. Wright, Title: Appointed Officer 01/25/2019
Signature of Reporting Person Date
CANYON PARTNERS, LTD., By: /s/ Jeffrey S. Wright, Name: Jeffrey S. Wright, Title: Appointed Officer 01/25/2019
Signature of Reporting Person Date
GTCR INVESTMENT X AIV LTD., By: /s/ Jeffrey S. Wright, Name: Jeffrey S. Wright, Title: Appointed Officer 01/25/2019
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Reflects a pro rata distribution (the "Distribution") by (i) GTCR Partners X/A&C AIV LP ("GTCR Partners X AIV") of 457,862 ordinary shares of Cision Ltd. and (ii) GTCR Investment X AIV Ltd. ("GTCR AIV") of 893 ordinary shares of Cision Ltd. to its partners for no consideration on January 23, 2019.
( 2 )Canyon Partners, Ltd. ("Canyon Partners") is the general partner of Canyon Holdings (Cayman), L.P. ("Canyon Holdings") and GTCR AIV is the sole shareholder of Canyon Partners. GTCR AIV is also the general partner of GTCR Partners X AIV. Canyon Holdings and GTCR AIV are each managed by a ten-member board of directors (respectively, the "Canyon Board of Directors" and the "AIV Board of Directors").
( 3 )GTCR Partners X AIV, GTCR AIV and the individual members of each of the Canyon Board of Directors and the AIV Board of Directors disclaim beneficial ownership of the securities reported in Table I, except to the extent of his, her or its pecuniary interest therein, and this report shall not be deemed an admission that any such person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
( 4 )Consists of shares held directly by GTCR Partners X AIV prior to the Distribution, which may have been deemed beneficially owned by GTCR AIV. GTCR AIV previously reported indirect beneficial ownership of such shares by virtue of its relationship with Canyon Holdings.
( 5 )Consists of shares held directly by GTCR AIV prior to the Distribution.

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