Sabre Corp — Director's Dealing 2018

Aug 14, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Sabre Corp (SABR)
CIK: 0001597033
Period of Report: 2018-08-10

Reporting Person: Silver Lake Group, L.L.C. (Former 10% Owner)
Reporting Person: Silver Lake Technology Associates II, L.L.C. (Former 10% Owner)
Reporting Person: SILVER LAKE PARTNERS II L P (Former 10% Owner)
Reporting Person: Silver Lake Technology Investors II, L.P. (Former 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-08-10	Common Stock	S	6155616	$24.72	Disposed	9644259	Indirect
2018-08-10	Common Stock	J	114750	—	Disposed	9529509	Indirect

Footnotes

F1: Silver Lake Group, L.L.C. ("SLG") is the managing member of Silver Lake Technology Associates II, L.L.C. ("Associates II"), which is the general partner of (a) Silver Lake Partners II, L.P. ("Partners II"), which directly holds 7,396,934 shares of common stock ("Common Stock") of Sabre Corporation (the "Issuer"), and (b) Silver Lake Technology Investors II, L.P. ("Investors II"), which directly holds 30,226 shares of Common Stock.

F2: As the sole general partner of Partners II and Investors II, Associates II may be deemed to share voting and dispositive power with respect to the shares of Common Stock directly held by Partners II and Investors II. As the sole managing member of Associates II, SLG may be deemed to share voting and dispositive power with respect to the shares of Common Stock directly held by Partners II and Investors II.

F3: Associates II is a member of Sovereign Manager Co-Invest, LLC ("Sovereign Manager"), which is the managing member of Sovereign Co-Invest II, LLC ("Sovereign Co-Invest II"), which directly holds 2,102,349 shares of Common Stock. Sovereign Manager is managed by a management committee consisting of two managers, one of which is designated by Associates II. Because of the relationship among Sovereign Manager, Associates II and SLG, each of Associates II and SLG may be deemed to share voting and dispositive power with respect to the shares of Common Stock directly held by Sovereign Co-Invest II.

F4: Each of SLG, Associates II, Partners II and Investors II (collectively, the "Reporting Persons") disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein.

F5: Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), this filing shall not be deemed an admission that the Reporting Persons are, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owners of any equity securities in excess of their respective pecuniary interests.

F6: Distribution of 114,750 shares of Common Stock by Partners II through Associates II to certain direct and indirect members of Associates II for the sole purpose of charitable giving.