Page 5 of 6 – SEC Filing Introduction
This Amendment No. 7 to Schedule 13D (this Statement) relates to the beneficial ownership of Common Stock, $0.0001 par value per share (the Shares) of Innerworkings, Inc., a Delawarecorporation (the Issuer). This Statement is being filed on behalf of the Reporting Persons and amends and supplements the Schedule 13D filed by the Reporting Persons dated August 8, 2011, as heretofore amended. Unless otherwise defined, all capitalized terms used herein shall have the respective meanings given such terms in the initial Schedule 13D.
Item 4.
Purpose of Transaction.
Item 4 is hereby supplemented with the addition of the following:
On September 8, 2016, the Reporting Persons ceased to own any Shares.
Item 5.
Interest in Securities of the Issuer.
Items 5(a)-(c) are hereby amended and restated in their entirety as follows:
(a)
The Shares reported herein were held directly by Sagard. As of September 8, 2016, none of the Reporting Persons beneficially owned any Shares.
In accordance with Securities and Exchange Commission Release No. 34-39538 (January 12, 1998) (the Release) this filing reflects the securities beneficially owned by PCC and certain of its subsidiaries, including Sagard. The filing does not reflect securities beneficially owned, if any, by any subsidiaries of PCC whose ownership of securities is disaggregated from that of PCC in accordance with the Release.
The beneficial ownership reflected in the remainder of this Item 5, and in the cover pages, reflect beneficial ownership as of September 8, 2016.
(b)
Sole power to vote or direct the vote: 0
Shared power to vote or direct the vote: 0
Sole power to dispose or to direct the disposition: 0
Shared power to dispose or direct the disposition: 0
The power to vote or to direct the vote or to dispose or direct the disposition of the Shares reported herein was shared among the Reporting Persons.
(c)
The following sale transactions have been effected by Sagard over the last 60 days, all in open market transactions:
Trade Date
Price
Quantity
8/17/2016
$9.2467
16,354
8/18/2016
$9.089
28,000
8/19/2016
$9.0612
7,200
8/22/2016
$8.8386
14,254
8/23/2016
$9.0618
62,200
8/23/2016
$8.8611
20,000
8/24/2016
$9.0908
18,900
8/24/2016
$8.9501
117,000
8/25/2016
$9.0735
33,000
8/26/2016
$8.994
22,663
8/29/2016
$8.8601
24,573
8/30/2016
$8.8792
8,710
8/30/2016
$8.892
9,901
8/31/2016
$8.849
55,812
9/1/2016
$8.8922
11,738
9/1/2016
$8.8
309,251
9/8/2016
$8.25
6,721,467
(e)
On September 8, 2016, each of the Reporting Persons ceased to be the beneficial owner of at least 5% of the Common Stock.
Introduction
This Amendment No. 7 to Schedule 13D (this Statement) relates to the beneficial ownership of Common Stock, $0.0001 par value per share (the Shares) of Innerworkings, Inc., a Delawarecorporation (the Issuer). This Statement is being filed on behalf of the Reporting Persons and amends and supplements the Schedule 13D filed by the Reporting Persons dated August 8, 2011, as heretofore amended. Unless otherwise defined, all capitalized terms used herein shall have the respective meanings given such terms in the initial Schedule 13D.
Item 4.
Purpose of Transaction.
Item 4 is hereby supplemented with the addition of the following:
On September 8, 2016, the Reporting Persons ceased to own any Shares.
Item 5.
Interest in Securities of the Issuer.
Items 5(a)-(c) are hereby amended and restated in their entirety as follows:
(a)
The Shares reported herein were held directly by Sagard. As of September 8, 2016, none of the Reporting Persons beneficially owned any Shares.
In accordance with Securities and Exchange Commission Release No. 34-39538 (January 12, 1998) (the Release) this filing reflects the securities beneficially owned by PCC and certain of its subsidiaries, including Sagard. The filing does not reflect securities beneficially owned, if any, by any subsidiaries of PCC whose ownership of securities is disaggregated from that of PCC in accordance with the Release.
The beneficial ownership reflected in the remainder of this Item 5, and in the cover pages, reflect beneficial ownership as of September 8, 2016.
(b)
Sole power to vote or direct the vote: 0
Shared power to vote or direct the vote: 0
Sole power to dispose or to direct the disposition: 0
Shared power to dispose or direct the disposition: 0
The power to vote or to direct the vote or to dispose or direct the disposition of the Shares reported herein was shared among the Reporting Persons.
(c)
The following sale transactions have been effected by Sagard over the last 60 days, all in open market transactions:
| Trade Date | Price | Quantity |
| 8/17/2016 | $9.2467 | 16,354 |
| 8/18/2016 | $9.089 | 28,000 |
| 8/19/2016 | $9.0612 | 7,200 |
| 8/22/2016 | $8.8386 | 14,254 |
| 8/23/2016 | $9.0618 | 62,200 |
| 8/23/2016 | $8.8611 | 20,000 |
| 8/24/2016 | $9.0908 | 18,900 |
| 8/24/2016 | $8.9501 | 117,000 |
| 8/25/2016 | $9.0735 | 33,000 |
| 8/26/2016 | $8.994 | 22,663 |
| 8/29/2016 | $8.8601 | 24,573 |
| 8/30/2016 | $8.8792 | 8,710 |
| 8/30/2016 | $8.892 | 9,901 |
| 8/31/2016 | $8.849 | 55,812 |
| 9/1/2016 | $8.8922 | 11,738 |
| 9/1/2016 | $8.8 | 309,251 |
| 9/8/2016 | $8.25 | 6,721,467 |
(e)
On September 8, 2016, each of the Reporting Persons ceased to be the beneficial owner of at least 5% of the Common Stock.
