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Author Topic: Statement of acquisition of beneficial ownership SEC SCHEDULE 13G/A Amendment  (Read 4338 times)

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« on: January 23, 2015, 14:38 »
-5
Owner Name    Date    Shared Held    Change (Shares)    Change (%)    Value (in 1,000s)
INSIGHT HOLDINGS GROUP, LLC    12/31/2014    0    (1,289,748)    Sold Out
Read more: http://www.nasdaq.com/symbol/sstk/institutional-holdings/sold-out#ixzz3Pfsl1RKa

Statement of acquisition of beneficial ownership SEC SCHEDULE 13G/A Amendment

Item 5:  Ownership of Five 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 five percent of the class of securities, check the following: ☒

Form SC 13G - Statement of acquisition of beneficial ownership by individuals [amend]
SEC Accession No. 0000899140-15-000092
Filing Date
2015-01-20
Accepted
2015-01-20 17:01:41
Documents
1
Filing Date Changed
2015-01-20
Group Members
INSIGHT HOLDINGS GROUP, LLCINSIGHT VENTUR PARTNERS (CAYMAN) V, L.P.INSIGHT VENTURE ASSOCIATES V, L.L.C.INSIGHT VENTURE PARTNERS V COINVESTMENT FUND, L.P.INSIGHT VENTURE PARTNRS V (EMPLOYEE CO-INVESTORS), L.P.

c)
   
Citizenship         
      
Insight Venture Partners V, L.P.  Delaware
      
Insight Venture Partners V Coinvestment Fund, L.P.  Delaware
      
Insight Venture Partners (Cayman) V, L.P.  Cayman Islands
      
Insight Venture Partners V (Employee Co-Investors), L.P.  Delaware
      
Insight Venture Associates V, L.L.C.  Delaware
      
Insight Holdings Group, LLC  Delaware 

http://www.sec.gov/Archives/edgar/data/1549346/000089914015000092/0000899140-15-000092-index.htm



Semmick Photo

« Reply #1 on: January 23, 2015, 15:09 »
+11
Honest question, what does that mean? Thanks.

« Reply #2 on: January 23, 2015, 17:32 »
0
It means that INSIGHT HOLDINGS GROUP was required to file a SEC SCHEDULE 13G/A Amendment declaring that they ceased to be the beneficial owner of more than five percent of the class of SSTk securities on Institutional Investment side of SSTK stock holdings;

INSIGHT HOLDINGS GROUP includes the following Institutional entities:   
     
Insight Venture Partners V, L.P.  Delaware
     
Insight Venture Partners V Coinvestment Fund, L.P.  Delaware
     
Insight Venture Partners (Cayman) V, L.P.  Cayman Islands
     
Insight Venture Partners V (Employee Co-Investors), L.P.  Delaware
     
Insight Venture Associates V, L.L.C.  Delaware
     
Insight Holdings Group, LLC  Delaware 

They still own SSTK stock as Inside Investors, however they have also been liquidating those holdings.

http://www.nasdaq.com/quotes/insiders/insight-venture-partners-v-l-p-673717

« Reply #3 on: January 23, 2015, 18:21 »
+5
So for us regular Joes what are we supposed to care about this.

« Reply #4 on: January 23, 2015, 18:27 »
+6
Is there any reason to think this is something other than a venture partner cashing out, 'cause that's what they do with all their deals?

« Reply #5 on: January 23, 2015, 19:25 »
0
Okay here is a fair question, why would anyone prefer to be oblivious to SSTK options bought or sold by important stake holders in a company you choose to do business with?

I like to make informed decisions regarding those I do business with, especially if I hold their stock!

« Reply #6 on: January 24, 2015, 09:49 »
-3
So for us regular Joes what are we supposed to care about this.

I posted this for those here who own SSTK stock. Quite a few of my friends hold SSTK stock and they appreciate the information.

Semmick Photo

« Reply #7 on: January 24, 2015, 10:26 »
+3
I am not good at this. Somebody sold stock? Isnt that what happens with stock? Or is this a major event we need to take notice of for some reason? I am being honest, I dont know much about the stock exchange and the politics behind it. All I know is, anyone owning SSTK stock is a shareholder and a potential threat to my earnings.  ;)

« Reply #8 on: January 24, 2015, 10:41 »
+5
http://www.insightpartners.com/about/

They are venture capitalists. Remember the Getty deal where the venture capitalists wanted their $500M and Getty went into deep debt to do it? This is the same thing. These guys want their money.  But that what VC is all about so I don't see anything earth shattering about this. The ONLY disappointment to come is that lots of people are getting rich off of our content. Only thing we can do is quit, accept it, re-strategize our own businesses, buy SS stock, or complain. I do complain because venting makes me feel better.  But I am also looking at these kinds of posts Gablax makes and it just motivates me to rethink my business, which I am doing, and executing on a new gameplay (which I am also doing).

While it's nice to think that agencies who get richer and richer would share in that success with their contributors, it aint going to happen. I need to do that for me. The company I work for is VERY profitable and we still have an initiative to go after our suppliers and claw back a couple of percent from them even in the face of success.  Why? Because today's profit is never enough when you have shareholders no matter how much that profit is.

« Reply #9 on: January 24, 2015, 12:03 »
+7
http://www.insightpartners.com/about/

...Remember the Getty deal where the venture capitalists wanted their $500M and Getty went into deep debt to do it? This is the same thing. ...


Just a point of order :) Venture Capitalists and Private Equity companies are both sources of financing, but are very, very different beasts IMO.

Generally, venture capitalists help get a business started (cash in return for an equity stake in the company) and "get out" once it has gone public by selling their stock - so they can go invest in some other startups.

Private Equity firms buy up businesses in some sort of fiscal weak state (in Getty's case it was a falling stock price) and then split them up, or try somehow to spiffy them up so they can sell in 3-5 years. They are more like vultures than any sort of helper. Hellman & Friedman couldn't get out of Getty and so did this awful thing called dividend recapitalization where they saddled Getty with masses of debt so they could get their "dividend". They did that twice, I think.

I don't see anything amiss about the VCs who invested in SS before it went public selling to move on to other things. SS isn't a startup any more.

My original question above, which apparently offended the OP, was only seeking some wisdom (I'm largely ignorant of the ins and outs of this stuff) as to whether this was something special or unexpected. Ron wanted to know the same thing. Seems a reasonable question.

« Reply #10 on: January 24, 2015, 13:14 »
+9
Thanks Mantis and Jo Ann for explaining some of this stuff.

Suggestion to the OP, if you want to post a bunch of numbers and stock market info on a forum where this is not understood by most readers, please have courtesy to explain what it means and how it affects us. 

« Reply #11 on: January 24, 2015, 14:22 »
-1
http://www.insightpartners.com/about/

They are venture capitalists. Remember the Getty deal where the venture capitalists wanted their $500M and Getty went into deep debt to do it? This is the same thing. These guys want their money.  But that what VC is all about so I don't see anything earth shattering about this. The ONLY disappointment to come is that lots of people are getting rich off of our content. Only thing we can do is quit, accept it, re-strategize our own businesses, buy SS stock, or complain. I do complain because venting makes me feel better. 

But I am also looking at these kinds of posts Gablax makes and it just motivates me to rethink my business, which I am doing, and executing on a new gameplay (which I am also doing).

While it's nice to think that agencies who get richer and richer would share in that success with their contributors, it aint going to happen. I need to do that for me. The company I work for is VERY profitable and we still have an initiative to go after our suppliers and claw back a couple of percent from them even in the face of success.  Why? Because today's profit is never enough when you have shareholders no matter how much that profit is.


Mantis I think very much like you do, I prefer to make choices based on facts. Fact are facts and have nothing to do with sensationalism or major dramatic events.

The information I posted was regarding large scale "Institutional Investment" by the Insight Venture group who was instrumental in launching the SSTK IPO.  If you are not interested feel free to read threads that "are" your cup of tea.

Re "Or is this a major event we need to take notice of for some reason?"

Little by little facts paint full pictures and I like to know just where I stand when it comes to doing business with other entities. If you are not interested and do not want to investigate, feel free to ignore the thread. Just as I frequently ignore the threads here that I have absolutely no interest in reading or participating in.

Rinderart

« Reply #12 on: January 24, 2015, 16:07 »
+4
This is a business to me, I want to know everything about a business I am partnered with Which could explain why many things are happening that affect my Business going forward. Im not in this to go whoHoo someone likes My work. The entire Microstock Business has gone and is going through Major Changes in the last 16/18 Months and sad to say.. They Know the vast majority of submitters Just don't care and are perfectly happy with whatever happens and accept the crumbs they hand out.

Any Info, helps me make a decision of what I will do. And this is the perfect forum and site for this and I believe the reason it's here, for us to discuss it.

w7lwi

  • Those that don't stand up to evil enable evil.
« Reply #13 on: January 24, 2015, 16:12 »
+7
Just my opinion, but I believe they got out of SS for financial reasons alone.  Look at where the stock price is now as compared to where it was and what Insight Venture paid for it initially.  Also look at the environment SS is presently working in ... Adobe's purchase of FT, lower subscription prices at other sites, the DT and Getty/iS deals with Google, etc.  As I recall, the initial stock price (for insiders, not us) was somewhere in the $15-$17 range.  It rose to well over $100, then settled back in the $70 range.  Recently it has taken a tumble down to the mid $50's.  Likely Insight took a look at where they are now and did an analysis on where they felt the business/stock price would go in the near future.  Their conclusion was (in my opinion only remember) the stock was not likely to appreciate much over their event horizon so they went ahead and bailed out, collecting a pretty decent return over their initial investment.

As to Hellman & Friedman, I think the term that better describes them, among others, is Vulture Capitalists.  I don't believe Insight Venture falls into this group.  They haven't done anything, that we are aware of, that any prudent financial capital firm would not have done.

« Reply #14 on: January 24, 2015, 18:07 »
+2
This is a business to me, I want to know everything about a business I am partnered with Which could explain why many things are happening that affect my Business going forward. Im not in this to go whoHoo someone likes My work. The entire Microstock Business has gone and is going through Major Changes in the last 16/18 Months and sad to say.. They Know the vast majority of submitters Just don't care and are perfectly happy with whatever happens and accept the crumbs they hand out.

Any Info, helps me make a decision of what I will do. And this is the perfect forum and site for this and I believe the reason it's here, for us to discuss it.

Totally agree across the board.  For some if us who don't understand the in and outs of the stock market, we don't know how or if this will affect our business.  That's why so many questions.

« Reply #15 on: January 24, 2015, 20:16 »
+3
http://www.insightpartners.com/about/

...Remember the Getty deal where the venture capitalists wanted their $500M and Getty went into deep debt to do it? This is the same thing. ...


Just a point of order :) Venture Capitalists and Private Equity companies are both sources of financing, but are very, very different beasts IMO.

Generally, venture capitalists help get a business started (cash in return for an equity stake in the company) and "get out" once it has gone public by selling their stock - so they can go invest in some other startups.

Private Equity firms buy up businesses in some sort of fiscal weak state (in Getty's case it was a falling stock price) and then split them up, or try somehow to spiffy them up so they can sell in 3-5 years. They are more like vultures than any sort of helper. Hellman & Friedman couldn't get out of Getty and so did this awful thing called dividend recapitalization where they saddled Getty with masses of debt so they could get their "dividend". They did that twice, I think.

I don't see anything amiss about the VCs who invested in SS before it went public selling to move on to other things. SS isn't a startup any more.

My original question above, which apparently offended the OP, was only seeking some wisdom (I'm largely ignorant of the ins and outs of this stuff) as to whether this was something special or unexpected. Ron wanted to know the same thing. Seems a reasonable question.


private equity is just the fancy new name made up for leveraged buyout companies, after those managed to be hated by everyone who actually works for a living.

« Reply #16 on: January 25, 2015, 16:10 »
0
Just my opinion, but I believe they got out of SS for financial reasons alone.  Look at where the stock price is now as compared to where it was and what Insight Venture paid for it initially.  Also look at the environment SS is presently working in ... Adobe's purchase of FT, lower subscription prices at other sites, the DT and Getty/iS deals with Google, etc.  As I recall, the initial stock price (for insiders, not us) was somewhere in the $15-$17 range.  It rose to well over $100, then settled back in the $70 range.  Recently it has taken a tumble down to the mid $50's.  Likely Insight took a look at where they are now and did an analysis on where they felt the business/stock price would go in the near future. Their conclusion was (in my opinion only remember) the stock was not likely to appreciate much over their event horizon so they went ahead and bailed out, collecting a pretty decent return over their initial investment.

As to Hellman & Friedman, I think the term that better describes them, among others, is Vulture Capitalists.  I don't believe Insight Venture falls into this group.  They haven't done anything, that we are aware of, that any prudent financial capital firm would not have done.


I completely agree with you on the "Institutional Investment" side. The last transaction is a case in point and I think it is the main reason they no longer hold stock.

Sold Out Positions as of 12/31/2014
Company    Class    Value of Shares ($1,000s) ▼    Change in Value ($1,000s)    Change (%)    Shares Held
SHUTTERSTOCK INC    COM       -74,341    Sold Out    0

http://www.nasdaq.com/quotes/institutional-portfolio/insight-holdings-group-llc-651789#ixzz3PrvxOB5D

Conversely as "Inside Investors" they continue to grant themselves large portions of stock at a cost of $0.00 and then dispose of those shares when they feel they will reap the best returns.

I don't see those large and lucrative stock acquisitions, which they grant themselves at a cost to Insight Venture Partners of $.0.00, stopping anytime soon.

Company   Relation   Last Date ▲   Tran   OwnerType   Shares Traded   Last Price   Shares Held
SHUTTERSTOCK, INC.   Beneficial Owner (10%)   5/21/2013   Acquisition (Non Open Market)   direct   170,074   0   170,074
SHUTTERSTOCK, INC.   Beneficial Owner (10%)   2/27/2014   Acquisition (Non Open Market)   direct   174,421   0   174,421
SHUTTERSTOCK, INC.   Beneficial Owner (10%)   6/12/2014   Acquisition (Non Open Market)   direct   127,285   0   127,285
SHUTTERSTOCK, INC.   Beneficial Owner (10%)   8/14/2014   Acquisition (Non Open Market)   direct   222,135   0   222,135
SHUTTERSTOCK, INC.   Beneficial Owner (10%)   11/13/2014 Acquisition (Non Open Market)   direct   168,147   0   168,147


http://www.nasdaq.com/quotes/insiders/insight-venture-partners-v-l-p-673717



« Last Edit: January 25, 2015, 17:04 by gbalex »


 

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