Cdk Global Inc. (CDK): Sachem Head Capital Decreases Stake

Page 7 of 9 – SEC Filing
SCHEDULE 13D
CUSIP No. 12508E101
Page 7 of 9
ITEM 5.
INTEREST IN SECURITIES OF THE ISSUER
Item 5 of the Schedule 13D is hereby amended and supplemented by adding the following information:
(a), (b) Based upon the Issuer’s quarterly report on Form 10-Q filed on May 5, 2016, there were approximately 155,336,347 shares of the Common Stock outstanding as of May 2, 2016.
Based on the foregoing, as of June 22, 2016, the 8,750,162 shares of the Common Stock (the “Subject Shares”) beneficially owned by the Reporting Persons represent approximately 5.6% of the shares of the Common Stock issued and outstanding.
(c) Exhibit 99.3 and Exhibit 99.4, which are incorporated by reference into this Item 5(c) as if restated in full, describes all of the transactions in shares of Common Stock, swaps and options that were effected in the past 60 days by the Reporting Persons for the benefit of the Sachem Head Funds, including certain portfolio rebalancing transactions among the Sachem Head Funds that do not change the number of shares beneficially owned by the Reporting Persons. Those transactions were effected for the accounts of the Sachem Head Funds, as further specified in Exhibit 99.3 and Exhibit 99.4. Except as set forth in Exhibit 99.3 and Exhibit 99.4 attached hereto, within the last 60 days, no reportable transactions were effected by any Reporting Person.
ITEM 7.
MATERIAL TO BE FILED AS AN EXHIBIT
Item 7 of the Schedule 13D is hereby amended and supplemented by adding a reference to the following exhibit:
Exhibit 99.4 Trading data.

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