JOINT Corp — Director's Dealing 2017

Mar 29, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: JOINT Corp (JYNT)
CIK: 0001612630
Period of Report: 2017-03-27

Reporting Person: GLENHILL ADVISORS LLC (10% Owner)
Reporting Person: KREVLIN GLENN J (10% Owner)
Reporting Person: GLENHILL CAPITAL ADVISORS, LLC (10% Owner)
Reporting Person: GLENHILL CAPITAL MANAGEMENT LLC (10% Owner)
Reporting Person: Glenhill Capital Overseas Master Fund, L.P. (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-03-27	Common Stock	S	43214	$3.132	Disposed	1963420	Indirect
2017-03-28	Common Stock	S	43214	$3.6643	Disposed	1920206	Indirect

Footnotes

F1: Of the total securities reported in this Form 4, following the reported transactions Glenhill Capital Overseas Master Fund, LP directly owns 1,332,716 shares, Glenhill Concentrated Long Master Fund, LLC directly owns 233,016 shares, and Glenhill Long Fund, LP directly owns 354,474 shares. The Reporting Persons disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest therein.

F2: The securities reported in this Form 4 do not include shares held in third party accounts for the benefit of third parties, which are managed by one or more of the Reporting Persons and for which such Reporting Persons have investment power and receive management fees and performance-related fees (the "Managed Accounts"). Pursuant to Rule 16a-1(a)(1)-(2) of the Securities Exchange Act of 1934, as amended, the Reporting Persons are not the beneficial owner (and disclaim beneficial ownership) of such securities and have no pecuniary interest therein. On the date of this filing, there are 331,568 shares of common stock of the issuer held in such Managed Accounts.

F3: Mr. Krevlin is managing member and control person of Glenhill Advisors, LLC, and is sole shareholder of Krevlin Management, Inc., which is managing member of Glenhill Capital Advisors, LLC, which is the investment manager of Glenhill Capital Overseas Master Fund, LP, Glenhill Concentrated Long Master Fund, LLC, and Glenhill Long Fund, LP, which collectively own the reported securities (see Footnote 1). Glenhill Advisors, LLC is the managing member of Glenhill Capital Management, LLC, which is the managing member of Glenhill Concentrated Long Master Fund, LLC and Glenhill Long GP, LLC, and is sole shareholder of Glenhill Capital Overseas GP, Ltd., which is the general partner of Glenhill Capital Overseas Master Fund, LP. Glenhill Long GP, LLC is the general partner of Glenhill Long Fund LP.