Peter Gibson - 13 May 2022 Form 4 Insider Report for BOTTOMLINE TECHNOLOGIES INC (EPAY)

Role
Director
Signature
/s/ Gwendolen Long as POA for Peter Gibson
Issuer symbol
EPAY
Transactions as of
13 May 2022
Transactions value $
-$2,679,000
Form type
4
Filing time
17 May 2022, 11:30:08 UTC
Previous filing
22 Nov 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EPAY Common Stock Disposed to Issuer -$2.57M -45K -100% $57.00 0 13 May 2022 Direct F1
transaction EPAY Common Stock Disposed to Issuer -$114K -2K -100% $57.00 0 13 May 2022 Gibson Family Trust F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Peter Gibson is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 On May 13, 2022, Project RB Merger Sub, Inc., a Delaware corporation ("Merger Sub") and a wholly owned subsidiary of Bottomline Intermediate Holdings III, LLC (formerly known as Project RB Parent, LLC), a Delaware limited liability company ("Parent"), completed its merger (the "Merger") with and into Bottomline Technologies, Inc., a Delaware corporation (the "Company"), pursuant to the terms of the Agreement and Plan of Merger, dated December 16, 2021, by and among Parent, Merger Sub and the Company. The Company was the surviving corporation in the Merger and, as a result, is now a wholly owned subsidiary of Parent. Parent and Merger Sub are affiliates of Thoma Bravo Fund XV, L.P., managed by Thoma Bravo, L.P. As of the effective time of the Merger, each share of common stock of the Company outstanding immediately prior to the effective time of the Merger was converted into the right to receive $57.00 in cash, subject to applicable withholding taxes.
F2 Represents shares held by Gibson Family Trust.