13D Filing: Altai Capital and Mobileiron Inc. (MOBL)

(f) Investment Manager is a Delaware limited partnership. IMGP is a Delaware limited liability company. Mr. Bajaj is a citizen of the United States of America.

Item 3.

SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION

The Reporting Persons used approximately $4,871,821 (including brokerage commissions) in the aggregate to purchase the Common Stock for the account of Osprey. A total of approximately $17,217,230 (including brokerage commissions) in the aggregate was used to purchase the Common Stock held by the Separately Managed Accounts; such Common Stock was purchased prior to the Investment Manager being appointed as the investment manager of the Separately Managed Accounts.

On July 21, 2017, 426,710 shares of Common Stock were contributed in-kind to Osprey by an investor in exchange for membership interests in Osprey. On October 2, 2017, 1,449,068 shares of Common Stock were contributed in-kind to Osprey by an investor in exchange for membership interests in Osprey. No funds were received by Osprey in connection with such acquisition of Common Stock.

The source of the funds used by Osprey to acquire the Common Stock reported herein is the working capital available to Osprey and margin borrowings described in the following sentence. Such shares of Common Stock are held by Osprey in margin accounts, which may extend margin credit to Osprey from time to time, subject to applicable federal margin regulations, stock exchange rules and credit policies. In such instances, the positions held in the margin account are pledged as collateral security for the repayment of debit balances in the account. The margin accounts bear interest at a rate based upon the broker’s call rate from time to time in effect. Because other securities are held in the margin accounts, it is not possible to determine the amounts, if any, of margin used to purchase the Common Stock reported herein.

The source of the funds used to acquire the Common Stock held by the Separately Managed Accounts is the working capital available to the Separately Managed Accounts.

Item 4.

PURPOSE OF THE TRANSACTION

The Reporting Persons acquired the Common Stock to which this Schedule 13D relates for investment purposes in the ordinary course of business. The Reporting Persons acquired the Common Stock because they believed that the Common Stock reported herein, when purchased, represented an attractive investment opportunity.

13D Filing: Altai Capital and Mobileiron Inc. (MOBL)

Published on October 5, 2017 at 12:50 pm by Insider Monkey Staff in Hedge Funds

Page 6 of 11 – SEC Filing

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