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Paylocity Holding Corp — Major Shareholding Notification 2017
Feb 13, 2017
30670_mrq_2017-02-13_70f78067-5eca-453f-8b50-b3d56e4bf6e5.zip
Major Shareholding Notification
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
________
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)
________
Paylocity Holding Corporation
(Name of Issuer)
Common Stock
(Title of Class of Securities)
70438V106
(CUSIP Number)
December 31, 2016
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
¨ Rule 13d-1(b)
¨ Rule 13d-1(c)
x Rule 13d-1(d)
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
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CUSIP No.: 70438V106
| 1 | NAMES OF REPORTING PERSONS Adams Street Partners, LLC | |
|---|---|---|
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE | |
| INSTRUCTIONS) (a) ¨ (b) ¨ | ||
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware | |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5 | SOLE VOTING POWER 4,902,128 |
| 6 | SHARED VOTING POWER 0 | |
| 7 | SOLE DISPOSITIVE POWER 4,902,128 | |
| 8 | SHARED DISPOSITIVE POWER 0 | |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING | |
| PERSON 4,902,128 | ||
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN | |
| SHARES (SEE INSTRUCTIONS) ¨ | ||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 10% | |
| 12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IA |
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CUSIP No.: 70438V106
| 1 | NAMES OF REPORTING PERSONS Adams Street 2006 Direct Fund, L.P. | |
|---|---|---|
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE | |
| INSTRUCTIONS) (a) ¨ (b) ¨ | ||
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware | |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5 | SOLE VOTING POWER 948,788 |
| 6 | SHARED VOTING POWER 0 | |
| 7 | SOLE DISPOSITIVE POWER 948,788 | |
| 8 | SHARED DISPOSITIVE POWER 0 | |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING | |
| PERSON 948,788 | ||
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN | |
| SHARES (SEE INSTRUCTIONS) ¨ | ||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 2% | |
| 12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN |
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CUSIP No.: 70438V106
| 1 | NAMES OF REPORTING PERSONS Adams Street 2007 Direct Fund, L.P. | |
|---|---|---|
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE | |
| INSTRUCTIONS) (a) ¨ (b) ¨ | ||
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware | |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5 | SOLE VOTING POWER 1,071,442 |
| 6 | SHARED VOTING POWER 0 | |
| 7 | SOLE DISPOSITIVE POWER 1,071,442 | |
| 8 | SHARED DISPOSITIVE POWER 0 | |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING | |
| PERSON 1,071,442 | ||
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN | |
| SHARES (SEE INSTRUCTIONS) ¨ | ||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 2% | |
| 12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN |
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CUSIP No.: 70438V106
| 1 | NAMES OF REPORTING PERSONS Adams Street 2008 Direct Fund, L.P. | |
|---|---|---|
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE | |
| INSTRUCTIONS) (a) ¨ (b) ¨ | ||
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware | |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5 | SOLE VOTING POWER 1,532,266 |
| 6 | SHARED VOTING POWER 0 | |
| 7 | SOLE DISPOSITIVE POWER 1,532,266 | |
| 8 | SHARED DISPOSITIVE POWER 0 | |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING | |
| PERSON 1,532,266 | ||
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN | |
| SHARES (SEE INSTRUCTIONS) ¨ | ||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 3% | |
| 12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN |
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CUSIP No.: 70438V106
| 1 | NAMES OF REPORTING PERSONS Adams Street 2009 Direct Fund, L.P. | |
|---|---|---|
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE | |
| INSTRUCTIONS) (a) ¨ (b) ¨ | ||
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware | |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5 | SOLE VOTING POWER 317,615 |
| 6 | SHARED VOTING POWER 0 | |
| 7 | SOLE DISPOSITIVE POWER 317,615 | |
| 8 | SHARED DISPOSITIVE POWER 0 | |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING | |
| PERSON 317,615 | ||
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN | |
| SHARES (SEE INSTRUCTIONS) ¨ | ||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1% | |
| 12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN |
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CUSIP No.: 70438V106
| 1 | NAMES OF REPORTING PERSONS Adams Street 2010 Direct Fund, L.P. | |
|---|---|---|
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE | |
| INSTRUCTIONS) (a) ¨ (b) ¨ | ||
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware | |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5 | SOLE VOTING POWER 180,423 |
| 6 | SHARED VOTING POWER 0 | |
| 7 | SOLE DISPOSITIVE POWER 180,423 | |
| 8 | SHARED DISPOSITIVE POWER 0 | |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING | |
| PERSON 180,423 | ||
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN | |
| SHARES (SEE INSTRUCTIONS) ¨ | ||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.4% | |
| 12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN |
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CUSIP No.: 70438V106
| 1 | NAMES OF REPORTING PERSONS Adams Street 2011 Direct Fund LP | |
|---|---|---|
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE | |
| INSTRUCTIONS) (a) ¨ (b) ¨ | ||
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware | |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5 | SOLE VOTING POWER 144,952 |
| 6 | SHARED VOTING POWER 0 | |
| 7 | SOLE DISPOSITIVE POWER 144,952 | |
| 8 | SHARED DISPOSITIVE POWER 0 | |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING | |
| PERSON 144,952 | ||
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN | |
| SHARES (SEE INSTRUCTIONS) ¨ | ||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.3% | |
| 12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN |
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CUSIP No.: 70438V106
| 1 | NAMES OF REPORTING PERSONS Adams Street 2012 Direct Fund LP | |
|---|---|---|
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE | |
| INSTRUCTIONS) (a) ¨ (b) ¨ | ||
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware | |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5 | SOLE VOTING POWER 145,468 |
| 6 | SHARED VOTING POWER 0 | |
| 7 | SOLE DISPOSITIVE POWER 145,468 | |
| 8 | SHARED DISPOSITIVE POWER 0 | |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING | |
| PERSON 145,468 | ||
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN | |
| SHARES (SEE INSTRUCTIONS) ¨ | ||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.3% | |
| 12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN |
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CUSIP No.: 70438V106
| 1 | NAMES OF REPORTING PERSONS Adams Street Co-Investment Fund II, L.P. | |
|---|---|---|
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE | |
| INSTRUCTIONS) (a) ¨ (b) ¨ | ||
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware | |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5 | SOLE VOTING POWER 561,174 |
| 6 | SHARED VOTING POWER 0 | |
| 7 | SOLE DISPOSITIVE POWER 561,174 | |
| 8 | SHARED DISPOSITIVE POWER 0 | |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING | |
| PERSON 561,174 | ||
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN | |
| SHARES (SEE INSTRUCTIONS) ¨ | ||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1% | |
| 12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN |
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Item 1(a) Name of issuer: Paylocity Holding Corporation
Item 1(b) Address of issuer’s principal executive offices:
3850 N. Wilke Road, Arlington Heights, IL 60004
2(a) Name of person filing:
-
Adams Street Partners, LLC
-
Adams Street 2006 Direct Fund, L.P.
-
Adams Street 2007 Direct Fund, L.P.
-
Adams Street 2008 Direct Fund, L.P.
-
Adams Street 2009 Direct Fund, L.P.
-
Adams Street 2010 Direct Fund, L.P.
-
Adams Street 2011 Direct Fund LP
-
Adams Street 2012 Direct Fund LP
-
Adams Street Co-Investment Fund II, L.P.
2(b) Address or principal business office or, if none, residence:
For all filing persons listed in 2(a) above: One North Wacker Drive, Suite 2200, Chicago, Illinois 60606
2(c) Citizenship:
-
Adams Street Partners, LLC: Delaware
-
Adams Street 2006 Direct Fund, L.P.: Delaware
-
Adams Street 2007 Direct Fund, L.P.: Delaware
-
Adams Street 2008 Direct Fund, L.P.: Delaware
-
Adams Street 2009 Direct Fund, L.P.: Delaware
-
Adams Street 2010 Direct Fund, L.P.: Delaware
-
Adams Street 2011 Direct Fund LP: Delaware
-
Adams Street 2012 Direct Fund LP: Delaware
-
Adams Street Co-Investment Fund II, L.P.: Delaware
2(d) Title of class of securities:
Common Stock
2(e) CUSIP No.:
70438V106
Item 3. If this statement is filed pursuant to §§240.13d–1(b) or 240.13d–2(b) or (c), check whether the person filing is a:
NOT APPLICABLE
Item 4 . Ownership
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned:
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| 1. | Adams
Street Partners, LLC: 4,902,128 (Total number of Shares of Common Stock of the Issuer held indirectly through the funds
listed below.) |
| --- | --- |
| 2. | Adams Street 2006 Direct Fund, L.P.: 948,788 |
| 3. | Adams Street 2007 Direct Fund, L.P.: 1,071,442 |
| 4. | Adams Street 2008 Direct Fund, L.P.: 1,532,266 |
| 5. | Adams Street 2009 Direct Fund, L.P.: 317,615 |
| 6. | Adams Street 2010 Direct Fund, L.P.: 180,423 |
| 7. | Adams Street 2011 Direct Fund LP: 144,952 |
| 8. | Adams Street 2012 Direct Fund LP: 145,468 |
| 9. | Adams Street Co-Investment Fund II, L.P.: 561,174 |
(b) Percent of class:
| 1. | Adams Street Partners, LLC: 10% (Total number of Shares of Common Stock of the Issuer held indirectly through the funds listed below.) |
|---|---|
| 2. | Adams Street 2006 Direct Fund, L.P.: 2% |
| 3. | Adams Street 2007 Direct Fund, L.P.: 2% |
| 4. | Adams Street 2008 Direct Fund, L.P.: 3% |
| 5. | Adams Street 2009 Direct Fund, L.P.: 1% |
| 6. | Adams Street 2010 Direct Fund, L.P.: 0.4% |
| 7. | Adams Street 2011 Direct Fund LP: 0.3% |
| 8. | Adams Street 2012 Direct Fund LP: 0.3% |
| 9. | Adams Street Co-Investment Fund II, L.P.: 1% |
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
| 1. | Adams
Street Partners, LLC: 4,902,128 (Total number of Shares of Common Stock of the Issuer held indirectly through the funds
listed below.) |
| --- | --- |
| 2. | Adams Street 2006 Direct Fund, L.P.: 948,788 |
| 3. | Adams Street 2007 Direct Fund, L.P.: 1,071,442 |
| 4. | Adams Street 2008 Direct Fund, L.P.: 1,532,266 |
| 5. | Adams Street 2009 Direct Fund, L.P.: 317,615 |
| 6. | Adams Street 2010 Direct Fund, L.P.: 180,423 |
| 7. | Adams Street 2011 Direct Fund LP: 144,952 |
| 8. | Adams Street 2012 Direct Fund LP: 145,468 |
| 9. | Adams Street Co-Investment Fund II, L.P.: 561,174 |
(ii) Shared power to vote or to direct the vote: 0 (for all filing persons)
(iii) Sole power to dispose or to direct the disposition of:
| 1. | Adams
Street Partners, LLC: 4,902,128 (Total number of Shares of Common Stock of the Issuer held indirectly through the funds
listed below.) |
| --- | --- |
| 2. | Adams Street 2006 Direct Fund, L.P.: 948,788 |
| 3. | Adams Street 2007 Direct Fund, L.P.: 1,071,442 |
| 4. | Adams Street 2008 Direct Fund, L.P.: 1,532,266 |
| 5. | Adams Street 2009 Direct Fund, L.P.: 317,615 |
| 6. | Adams Street 2010 Direct Fund, L.P.: 180,423 |
| 7. | Adams Street 2011 Direct Fund LP: 144,952 |
| 8. | Adams Street 2012 Direct Fund LP: 145,468 |
| 9. | Adams Street Co-Investment Fund II, L.P.: 561,174 |
(iv) Shared power to dispose or to direct the disposition of: 0 (for all filing persons)
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Instruction. For computations regarding securities which represent a right to acquire an underlying security see §240.13d–3(d)(1).
Item 5. Ownership of 5 Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following ¨ .
NOT APPLICABLE
Instruction. Dissolution of a group requires a response to this item.
Item 6. Ownership of More than 5 Percent on Behalf of Another Person. If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
NOT APPLICABLE
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. If a parent holding company or control person has filed this schedule pursuant to Rule 13d–1(b)(1)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company or control person has filed this schedule pursuant to Rule 13d–1(c) or Rule 13d–1(d), attach an exhibit stating the identification of the relevant subsidiary.
NOT APPLICABLE
Item 8 . Identification and Classification of Members of the Group. If a group has filed this schedule pursuant to §240.13d–1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to Rule 13d–1(c) or Rule 13d–1(d), attach an exhibit stating the identity of each member of the group.
Adams Street 2006 Direct Fund, L.P. (“AS 2006”) is the record owner of 948,788 Shares of Common Stock of the Issuer. Adams Street 2007 Direct Fund, L.P. (“AS 2007”) is the record owner of 1,071,442 Shares of Common Stock of the Issuer. Adams Street 2008 Direct Fund, L.P. (“AS 2008”) is the record owner of 1,532,266 Shares of Common Stock of the Issuer. Adams Street 2009 Direct Fund, L.P. (“AS 2009”) is the record owner of 317,615 Shares of Common Stock of the Issuer. Adams Street 2010 Direct Fund, L.P. (“AS 2010”) is the record owner of 180,423 Shares of Common Stock of the Issuer. Adams Street 2011 Direct Fund LP (“AS 2011”) is the record owner of 144,952 Shares of Common Stock of the Issuer. Adams Street 2012 Direct Fund LP (“AS 2012”) is the record owner of 145,468 Shares of Common Stock of the Issuer. Adams Street Co-Investment Fund II, L.P. (“AS Co-IF II”) is the record owner of 561,174 Shares of Common Stock of the Issuer. The shares of common stock of the Issuer owned by AS 2006, AS 2007, AS 2008, AS 2009, AS 2010, AS 2011, AS 2012 and AS Co-IF II (the “Shares”) may be deemed to be beneficially owned by Adams Street Partners, LLC, the managing member of the general partner of each of AS 2006, AS 2007, AS 2008, AS 2009, AS 2010 and AS Co-IF II, and the managing member of the general partner of the general partner of each of AS 2011 and AS 2012. Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray and Michael R. Zappert, each of whom is a partner of Adams Street Partners, LLC (or a subsidiary thereof), may be deemed to have shared voting and investment power over the Shares. Adams Street Partners, LLC and Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray and Michael R. Zappert disclaim beneficial ownership of the Shares except to the extent of their pecuniary interest therein.
Item 9. Notice of Dissolution of Group. Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5.
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NOT APPLICABLE
Item 10 . Certifications
NOT APPLICABLE
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Date: February 13, 2017
| ADAMS STREET PARTNERS, LLC | |
|---|---|
| By: | /s/ Sara Robinson Dasse |
| Name: | Sara Robinson Dasse |
| Title: | Vice President |
| ADAMS STREET 2006 DIRECT FUND, L.P. | |
| By: | ASP 2006 Direct Management, LLC, its General Partner |
| By: | Adams Street Partners, LLC, its Managing Member |
| By: | /s/ Sara Robinson Dasse |
| Name: | Sara Robinson Dasse |
| Title: | Vice President |
| ADAMS STREET 2007 DIRECT FUND, L.P. | |
| By: | ASP 2007 Direct Management, LLC, its General Partner |
| By: | Adams Street Partners, LLC, its Managing Member |
| By: | /s/ Sara Robinson Dasse |
| Name: | Sara Robinson Dasse |
| Title: | Vice President |
| ADAMS STREET 2008 DIRECT FUND, L.P. | |
| By: | ASP 2008 Direct Management, LLC, its General Partner |
| By: | Adams Street Partners, LLC, its Managing Member |
| By: | /s/ Sara Robinson Dasse |
| Name: | Sara Robinson Dasse |
| Title: | Vice President |
| ADAMS STREET 2009 DIRECT FUND, L.P. | |
| By: | ASP 2009 Direct Management, LLC, its General Partner |
| By: | Adams Street Partners, LLC, its Managing Member |
| By: | /s/ Sara Robinson Dasse |
| Name: | Sara Robinson Dasse |
| Title: | Vice President |
| ADAMS STREET 2010 DIRECT FUND, L.P. | |
| By: | ASP 2010 Direct Management, LLC, its General Partner |
| By: | Adams Street Partners, LLC, its Managing Member |
| By: | /s/ Sara Robinson Dasse |
| Name: | Sara Robinson Dasse |
| Title: | Vice President |
| ADAMS STREET 2011 DIRECT FUND LP | |
| By: | ASP 2011 Direct Management LP, its General Partner |
| By: | ASP 2011 Direct Management LLC, its General Partner |
| By: | Adams Street Partners, LLC, its Managing Member |
| By: | /s/ Sara Robinson Dasse |
| Name: | Sara Robinson Dasse |
| Title: | Vice President |
| ADAMS STREET 2012 DIRECT FUND LP | |
| By: | ASP 2012 Direct Management LP, its General Partner |
| By: | ASP 2012 Direct Management LLC, its General Partner |
| By: | Adams Street Partners, LLC, its Managing Member |
| By: | /s/ Sara Robinson Dasse |
| Name: | Sara Robinson Dasse |
| Title: | Vice President |
| ADAMS STREET CO-INVESTMENT FUND II, L.P. | |
| By: | ASP Co-Invest II Management, LLC, its General Partner |
| By: | Adams Street Partners, LLC, its Managing Member |
| By: | /s/ Sara Robinson Dasse |
| Name: | Sara Robinson Dasse |
| Title: | Vice President |
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EXHIBIT 1
AGREEMENT TO MAKE A JOINT FILING
The undersigned hereby agree that this Schedule 13G is filed by and on behalf of each of them.
Date: February 13, 2017
| ADAMS STREET PARTNERS, LLC | |
|---|---|
| By: | /s/ Sara Robinson Dasse |
| Name: | Sara Robinson Dasse |
| Title: | Vice President |
| ADAMS STREET 2006 DIRECT FUND, L.P. | |
| By: | ASP 2006 Direct Management, LLC, its General Partner |
| By: | Adams Street Partners, LLC, its Managing Member |
| By: | /s/ Sara Robinson Dasse |
| Name: | Sara Robinson Dasse |
| Title: | Vice President |
| ADAMS STREET 2007 DIRECT FUND, L.P. | |
| By: | ASP 2007 Direct Management, LLC, its General Partner |
| By: | Adams Street Partners, LLC, its Managing Member |
| By: | /s/ Sara Robinson Dasse |
| Name: | Sara Robinson Dasse |
| Title: | Vice President |
| ADAMS STREET 2008 DIRECT FUND, L.P. | |
| By: | ASP 2008 Direct Management, LLC, its General Partner |
| By: | Adams Street Partners, LLC, its Managing Member |
| By: | /s/ Sara Robinson Dasse |
| Name: | Sara Robinson Dasse |
| Title: | Vice President |
| ADAMS STREET 2009 DIRECT FUND, L.P. | |
| By: | ASP 2009 Direct Management, LLC, its General Partner |
| By: | Adams Street Partners, LLC, its Managing Member |
| By: | /s/ Sara Robinson Dasse |
| Name: | Sara Robinson Dasse |
| Title: | Vice President |
| ADAMS STREET 2010 DIRECT FUND, L.P. | |
| By: | ASP 2010 Direct Management, LLC, its General Partner |
| By: | Adams Street Partners, LLC, its Managing Member |
| By: | /s/ Sara Robinson Dasse |
| Name: | Sara Robinson Dasse |
| Title: | Vice President |
| ADAMS STREET 2011 DIRECT FUND LP | |
| By: | ASP 2011 Direct Management LP, its General Partner |
| By: | ASP 2011 Direct Management LLC, its General Partner |
| By: | Adams Street Partners, LLC, its Managing Member |
| By: | /s/ Sara Robinson Dasse |
| Name: | Sara Robinson Dasse |
| Title: | Vice President |
| ADAMS STREET 2012 DIRECT FUND LP | |
| By: | ASP 2012 Direct Management LP, its General Partner |
| By: | ASP 2012 Direct Management LLC, its General Partner |
| By: | Adams Street Partners, LLC, its Managing Member |
| By: | /s/ Sara Robinson Dasse |
| Name: | Sara Robinson Dasse |
| Title: | Vice President |
| ADAMS STREET CO-INVESTMENT FUND II, L.P. | |
| By: | ASP Co-Invest II Management, LLC, its General Partner |
| By: | Adams Street Partners, LLC, its Managing Member |
| By: | /s/ Sara Robinson Dasse |
| Name: | Sara Robinson Dasse |
| Title: | Vice President |