Techtarget Inc (TTGT): Discovery Group Discloses New Stake

Page 8 of 10 – SEC Filing

	Mr. Murphy beneficially owns 1,654,526  shares of Common Stock as of May 11, 2016, which represents 5.1% of the outstanding Common Stock.
	Discovery Group is the sole general partner of Discovery Equity Partners.  Messrs. Donoghue and Murphy are the sole managing members of Discovery Group.  As a consequence, Discovery Group and Messrs. Donoghue and Murphy may be deemed to share beneficial ownership of all of the shares of Common Stock owned by Discovery Equity Partners.
	The transactions in Common Stock effected by the Reporting Persons during the past 60 days are set out in Exhibit 1 hereto.
	No person other than Discovery Equity Partners is known to any Reporting Person to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, any of the shares of Common Stock reported herein.
Item 6.	Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
	There are no contracts, arrangements, understandings or relationships (legal or otherwise) between or among any of the Reporting Persons and any other person with respect to any securities of the Company other than the governing documents of Discovery Group and Discovery Equity Partners, the margin loan facilities referred to under Item 3 above, the Joint Filing Agreement of the Reporting Persons with respect to this Schedule 13D included as Exhibit 2 to this Schedule 13D, and the Powers of Attorney granted by Messrs Donoghue and Murphy with respect to reports under Section 13 of the Securities Exchange Act of 1934, as amended, which Powers of Attorney are included as Exhibit 3 and Exhibit 4, respectively, to this Schedule 13D.
Item 7.	Material to Be Filed as Exhibits
	Exhibit 1:          List of transactions effected by the Reporting Persons in the Company’s Common Stock during the 60-day period preceding this filing.
	Exhibit 2:          Joint Filing Agreement dated as of May 12, 2016, by and among Discovery Equity Partners; Discovery Group; Daniel J. Donoghue; and Michael R. Murphy.
	Exhibit 3:          Power of Attorney of Daniel J. Donoghue, dated as of April 28, 2008.
	Exhibit 4:          Power of Attorney of Michael R. Murphy, dated as of April 28, 2008.