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Filing Details

Accession Number:: 0001181431-13-023702
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2013-04-26 21:07:58
Reporting Period:: 2013-04-24

Filing Date:: 2013-04-26
Accepted Time:: 2013-04-26 21:07:58
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1550695	Performant Financial Corp	PFMT	Services-Miscellaneous Business Services (7380)	200484934

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1132655	L.p. Ii. Investors Parthenon	C/O Parthenon Capital Partners Four Embarcadero Center, Suite 3610 San Francisco CA 94111	No	No	Yes	No
1311576	Pcap Partners Ii, Llc	C/O Parthenon Capital Partners Four Embarcadero Center, Suite 3610 San Francisco CA 94111	No	No	Yes	No
1311577	Pcap Ii, Llc	C/O Parthenon Capital Partners Four Embarcadero Center, Suite 3610 San Francisco CA 94111	No	No	Yes	No
1477996	J. David Ament	C/O Parthenon Capital Partners Four Embarcadero Center, Suite 3610 San Francisco CA 94111	No	No	Yes	No
1555301	Pcp Managers, Llc	C/O Parthenon Capital Partners Four Embarcadero Center, Suite 3610 San Francisco CA 94111	No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, Par Value $0.0001 Per Share	Disposition	2013-04-24	5,000,000	$11.49	17,729,424	No	4	S	Indirect	See footnote
Common Stock, Par Value $0.0001 Per Share	Disposition	2013-04-24	39,200	$0.00	17,690,224	No	4	J	Indirect	See footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See footnote
No	4	J	Indirect	See footnote

Footnotes

The reported shares are owned of record by Parthenon DCS Holdings, LLC ("DCS Holdings"). PCP Managers, LLC is the managing member of PCap II, LLC ("PCap"), which is the managing member of PCap Partners II, LLC ("PCap Partners"), which is the general partner of Parthenon Investors II, L.P. ("Parthenon Investors"), which is the manager of DCS Holdings. Mr. Ament is a Managing Member of PCP Managers, LLC. Each of the Reporting Persons may be deemed to beneficially own the shares owned of record by DCS Holdings. Each of the Reporting Persons disclaims beneficial ownership of such shares, and this report shall not be deemed an admission that the Reporting Persons are the beneficial owners of such shares for the purpose of Section 16 or for any other purpose, except, in each case, to the extent of each such Reporting Person's pecuniary interest therein.
Reflects a pro rata distribution of 39,200 shares of common stock of the issuer by DCS Holdings, the record owner of the shares, to Parthenon Investors on April 24, 2013 (the "DCS Holdings Distribution"). Following the DCS Holdings Distribution and on the same day, Parthenon Investors further distributed (on a pro rata basis) all 39,200 shares to PCap Partners (the "Parthenon Investors Distribution"). Following the Parthenon Investors Distribution and on the same day, PCap Partners further distributed (on a pro rata basis) all 39,200 shares to certain of its members, including PCap (the "PCap Partners Distribution"). (continued in footnote 3)
Following the PCap Partners Distribution and on the same day, PCap further distributed (on a pro rata basis) the 30,000 shares it received from PCap Partners to one of its members (such distribution, collectively with the DCS Holdings Distribution, the Parthenon Investors Distribution and the PCap Partners Distribution, the "Distributions"). The Distributions were made to facilitate charitable contributions of the reported shares by certain indirect holders of interests in DCS Holdings.