4//SEC Filing
DDFS Partnership LP 4
Accession 0001144204-18-049393
CIK 0001690820other
Filed
Sep 12, 8:00 PM ET
Accepted
Sep 13, 7:55 PM ET
Size
21.4 KB
Accession
0001144204-18-049393
Insider Transaction Report
Form 4
CARVANA CO.CVNA
DDFS Partnership LP
10% Owner
Transactions
- Conversion
Class A Convertible Preferred Stock
2018-09-12−10,000→ 75,000 total(indirect: See Footnotes)Exercise: $19.69→ Class A Common Stock (507,755 underlying) - Other
Class A Common Stock
2018-09-12$19.69/sh+507,755$9,997,696→ 641,180 total(indirect: See Footnotes) - Conversion
Class A Convertible Preferred Stock
2018-09-11−10,000→ 85,000 total(indirect: See Footnotes)Exercise: $19.69→ Class A Common Stock (507,754 underlying) - Other
Class A Common Stock
2018-09-11$19.69/sh+507,754$9,997,676→ 507,754 total(indirect: See Footnotes) - Sale
Class A Common Stock
2018-09-12$67.71/sh−374,329$25,345,817→ 133,425 total(indirect: See Footnotes) - Sale
Class A Common Stock
2018-09-13$62.93/sh−522,213$32,862,864→ 118,967 total(indirect: See Footnotes)
DDFS Management Co LLC
10% Owner
Transactions
- Other
Class A Common Stock
2018-09-12$19.69/sh+507,755$9,997,696→ 641,180 total(indirect: See Footnotes) - Other
Class A Common Stock
2018-09-11$19.69/sh+507,754$9,997,676→ 507,754 total(indirect: See Footnotes) - Sale
Class A Common Stock
2018-09-13$62.93/sh−522,213$32,862,864→ 118,967 total(indirect: See Footnotes) - Conversion
Class A Convertible Preferred Stock
2018-09-11−10,000→ 85,000 total(indirect: See Footnotes)Exercise: $19.69→ Class A Common Stock (507,754 underlying) - Conversion
Class A Convertible Preferred Stock
2018-09-12−10,000→ 75,000 total(indirect: See Footnotes)Exercise: $19.69→ Class A Common Stock (507,755 underlying) - Sale
Class A Common Stock
2018-09-12$67.71/sh−374,329$25,345,817→ 133,425 total(indirect: See Footnotes)
Dundon Thomas G.
10% Owner
Transactions
- Sale
Class A Common Stock
2018-09-12$67.71/sh−374,329$25,345,817→ 133,425 total(indirect: See Footnotes) - Other
Class A Common Stock
2018-09-12$19.69/sh+507,755$9,997,696→ 641,180 total(indirect: See Footnotes) - Sale
Class A Common Stock
2018-09-13$62.93/sh−522,213$32,862,864→ 118,967 total(indirect: See Footnotes) - Conversion
Class A Convertible Preferred Stock
2018-09-12−10,000→ 75,000 total(indirect: See Footnotes)Exercise: $19.69→ Class A Common Stock (507,755 underlying) - Conversion
Class A Convertible Preferred Stock
2018-09-11−10,000→ 85,000 total(indirect: See Footnotes)Exercise: $19.69→ Class A Common Stock (507,754 underlying) - Other
Class A Common Stock
2018-09-11$19.69/sh+507,754$9,997,676→ 507,754 total(indirect: See Footnotes)
Footnotes (6)
- [F1]The Class A Convertible Preferred Stock, par value $0.01 per share of the Company ("Preferred Stock") is convertible at the option of the holders at any time into shares of the Company's Class A Common Stock, par value $0.001 per share ("Common Stock") at an initial conversion rate of 50.78 shares of Common Stock for each share of Preferred Stock, which represents an initial conversion price of approximately $19.6945 per share of Common Stock, subject to anti-dilution and other adjustment.
- [F2]The Reporting Persons exercised their option to convert 10,000 shares of Preferred Stock into 507,754 shares of Common Stock on September 11, 2018 and 10,000 share of Preferred Stock into 507,755 shares of Common Stock on September 12, 2018.
- [F3]Reflects securities directly held by DDFS Partnership LP, a Delaware limited partnership ("DDFS"). DDFS Management Company LLC, a Delaware limited liability company ("DMC"), is the sole general partner of DDFS and holds a 1% general interest in DDFS. Thomas G. Dundon directly holds 100% of the membership interests in DMC.
- [F4]Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein. The filing of this statement shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the Reporting Persons are the beneficial owners of any securities reported herein.
- [F5]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $67.00 to $72.59, inclusive.
- [F6]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $60.02 to $66.35, inclusive.
Documents
Issuer
CARVANA CO.
CIK 0001690820
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001725169
Filing Metadata
- Form type
- 4
- Filed
- Sep 12, 8:00 PM ET
- Accepted
- Sep 13, 7:55 PM ET
- Size
- 21.4 KB