Filing Details

Accession Number:
0001104659-20-010680
Form Type:
13D Filing
Publication Date:
2020-02-04 16:38:24
Filed By:
Iac/interactivecorp
Company:
Match Group Holdings Ii (Old) (NASDAQ:MTCH)
Filing Date:
2020-02-04
SEC Url:
13D Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
IAC InterActiveCorp (59 228,080,011 0 228,080,011 0 228,080,011 80.9%
Filing

 

 

UNITED STATES

 

 

SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 

 

 

 

SCHEDULE 13D/A

 

 

Under the Securities Exchange Act of 1934
(Amendment No. 16)

 

MATCH GROUP, INC.

(Name of Issuer)

 

COMMON STOCK, PAR VALUE $0.001 PER SHARE

(Title of Class of Securities)

 

57665R106

(CUSIP Number)

 

Gregg Winiarski

Executive Vice President, General Counsel & Secretary

IAC/InterActiveCorp

555 West 18th Street

New York, NY 10011

Telephone: (212) 314-7300

Facsimile: (212) 314-7309

(Name, Address and Telephone Number of Persons
Authorized to Receive Notices and Communications)

 

January 31, 2020

(Date of Event Which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box.o

 

The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 


 

 

1.

Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only)
IAC/InterActiveCorp (59-2712887)

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     x

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
228,080,011 (1)

 

8.

Shared Voting Power
0

 

9.

Sole Dispositive Power
228,080,011 (1)

 

10.

Shared Dispositive Power
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
228,080,011 (1)

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
80.9% (2)

 

 

14.

Type of Reporting Person (See Instructions)
CO

 


(1)   Reflects 18,160,609 shares of common stock, par value $0.001, of Match Group, Inc. (Match Group) and 209,919,402 shares of Class B common stock, par value $0.001, of Match Group (the Class B Common Stock) beneficially owned by IAC/InterActiveCorp (IAC). Shares of Class B Common Stock are reflected on an as converted basis into shares of common stock in accordance with their terms.

 

(2)   Assumes the conversion of all shares of Class B Common Stock beneficially owned by IAC into shares of common stock on a one-for-one basis. Because each share of Class B Common Stock is entitled to ten votes per share and each share of common stock is entitled to one vote per share, IAC may be deemed to beneficially own equity securities of Match Group representing approximately 97.5% of the total voting power of all classes of capital stock of Match Group, based on 70,118,126 and 209,919,402 shares of common stock and Class B Common Stock outstanding, respectively, on November 1, 2019, plus shares of Common Stock issued to IAC since such date. See Item 5.

 

2


 

Introductory Note

 

The Report on Schedule 13D relating to the common stock, par value $0.001 per share (Company Common Stock), of Match Group, Inc., a Delaware corporation (the Company or Match Group), initially filed by IAC with the Securities and Exchange Commission (the SEC) on April 14, 2016 (the Initial Schedule 13D), as amended by Amendment Nos. 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14 and 15 thereto dated June 30, 2016, April 4, 2017, July 24, 2017, August 7, 2017, August 9, 2017, September 30, 2017, December 31, 2017, February 22, 2018, April 23, 2018, June 30, 2018, March 31, 2019, August 9, 2019, October 11, 2019, November 7, 2019 and December 19, 2019, respectively, is hereby further amended and supplemented to include the information set forth in this Report on Schedule 13D/A (this Amendment), which constitutes Amendment No. 16 to the Initial Schedule 13D. Capitalized terms not defined herein have the meanings given to such terms in the Initial Schedule 13D, as previously amended.

 

Item 3.                     Source and Amount of Funds or Other Consideration.

 

The information set forth in Item 3 of the Initial Schedule 13D is hereby amended and supplemented as follows:

 

Pursuant to the Employee Matters Agreement, dated as of November 24, 2015, by and between IAC and the Company, as amended effective as of April 13, 2016 (the Employee Matters Agreement), 145,537 and 144,925 shares of Company Common Stock were issued to IAC on December 31, 2019 and January 31, 2020, respectively, as reimbursement for shares of common stock, par value $0.001, of IAC issued in connection with the exercise and settlement of certain equity awards held by Match Group employees.

 

Pursuant to the Real Estate Contribution Agreement, on January 31, 2020, 1,378,371 shares of Company Common Stock with an aggregate value of $120 million were issued to IAC upon the closing of the contribution of two buildings in Los Angeles by IAC to Match Group. The number of shares of Company Common Stock issued to IAC was calculated based on a formula set forth in the Real Estate Contribution Agreement that is based on the trading price of Company Common Stock.

 

The Real Estate Contribution Agreement, which is attached as Exhibit 99.1 to IACs Current Report on Form 8-K filed with the SEC on December 20, 2019, is incorporated herein by reference in its entirety.

 

Item 5.                     Interest in Securities of the Issuer.

 

The information set forth in paragraph (a) of Item 5 of the Initial Schedule 13D is hereby amended and supplemented as follows:

 

(a) IAC beneficially owns 18,160,609 shares of Company Common Stock, representing approximately 25.3% of the total outstanding shares of Company Common Stock on November 1, 2019, plus shares of Common Stock issued to IAC since such date. IAC also beneficially owns 209,919,402 shares of Class B Common Stock, representing 100% of the outstanding shares of Class B Common Stock on November 1, 2019 and as of the date of this report. In accordance with their terms, shares of Class B Common Stock are convertible into shares of Company Common Stock on a one-for-one basis, at any time at the election of the holder. As of the date of this report, IAC is the beneficial owner of shares of Company Common Stock and Class B Common Stock representing approximately 97.5% of the total voting power of all classes of the Companys capital stock and 80.9% (on an as converted basis) of the total outstanding shares of the Companys capital stock, in each case, based on 70,118,126 shares of Company Common Stock and 209,919,402 shares of Class B Common Stock outstanding on November 1, 2019, plus shares of Common Stock issued to IAC since such date.

 

3


 

Item 7.                     Materials to be Filed as Exhibits.

 

99.1

 

Employee Matters Agreement, dated as of November 24, 2015, by and between IAC/InterActiveCorp and Match Group, Inc. (incorporated by reference to Exhibit 10.2 to IAC/InterActiveCorps Current Report on Form 8-K, filed with the Securities and Exchange Commission on November 24, 2015 (File No. 000-20570)).

 

 

 

99.2

 

Amendment Number One to the Employee Matters Agreement, effective as of April 13, 2016, by and between IAC/InterActiveCorp and Match Group, Inc. (previously filed as Exhibit 99.2 to the Schedule 13D filed by IAC/InterActiveCorp with the Securities and Exchange Commission on April 14, 2016).

 

 

 

99.3

 

Investor Rights Agreement, dated as of November 24, 2015, by and between IAC/InterActiveCorp and Match Group, Inc. (incorporated by reference to Exhibit 10.3 to IAC/InterActiveCorps Current Report on Form 8-K, filed with the Securities and Exchange Commission on November 24, 2015 (File No. 000-20570)).

 

 

 

99.4

 

Current Report on Form 8-K of IAC/InterActiveCorp, filed with the Securities and Exchange Commission on December 20, 2019 (File No. 000-20570).

 

 

 

99.5

 

Transaction Agreement, dated as December 19, 2019, by and among IAC/InterActiveCorp, Match Group, Inc., IAC Holdings, Inc. and Valentine Merger Sub LLC (incorporated by reference to Exhibit 2.1 to IAC/InterActiveCorps Current Report on Form 8-K, filed with the Securities and Exchange Commission on December 20, 2019 (File No. 000-20570)).

 

 

 

99.6

 

Contribution Agreement, dated as of December 19, 2019, by and among TMC Realty, L.L.C., 8831-8833 Sunset, LLC and Match Group, Inc. (incorporated by reference to Exhibit 99.1 to IAC/InterActiveCorps Current Report on Form 8-K, filed with the Securities and Exchange Commission on December 20, 2019 (File No. 000-20570)).

 

4


 

SIGNATURE

 

After reasonable inquiry and to the best of his knowledge and belief, the undersigned certifies that the information in this statement is true, complete and correct.

 

 

IAC/INTERACTIVECORP

 

 

 

 

 

By:

/s/ Gregg Winiarski

 

 

Name:

Gregg Winiarski

 

 

Title:

Executive Vice President, General Counsel & Secretary

 

Dated:  February 4, 2020

 

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