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Filing Details

Accession Number:: 0000035527-15-000124
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2015-12-10 16:10:22
Reporting Period:: 2015-12-08

Filing Date:: 2015-12-10
Accepted Time:: 2015-12-10 16:10:22
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1533932	Vantiv Inc.	VNTV	Services-Business Services, Nec (7389)	264532998

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
35527	Bancorp Third Fifth	38 Fountain Square Plaza Cincinnati OH 45263		Yes	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
Class A Common Stock	Acquisiton	2015-12-08	13,374,592	$0.00	13,374,592	No	4	M	Indirect	By Fifth Third Bank
Class A Common Stock	Disposition	2015-12-08	13,374,592	$51.67	0	No	4	S	Indirect	By Fifth Third Bank
Class B Common Stock	Disposition	2015-12-08	8,000,000	$0.00	35,042,826	No	4	D	Indirect	By Fifth Third Bank

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Indirect	By Fifth Third Bank
No	4	S	Indirect	By Fifth Third Bank
No	4	D	Indirect	By Fifth Third Bank

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class C Units	Warrant	Disposition	2015-12-08	4,794,115	$0.00	4,794,115	$0.00
Class C Units	Warrant	Disposition	2015-12-08	5,374,592	$0.00	5,374,592	$15.98
Class A Common Stock	Class B Units of Vantiv Holding, LLC	Disposition	2015-12-08	8,000,000	$0.00	8,000,000	$0.00
Class A Common Stock	Class C Units of Vantiv Holding, LLC	Acquisiton	2015-12-08	5,374,592	$0.00	5,374,592	$0.00
Class A Common Stock	Class C Units of Vantiv Holding LLC	Disposition	2015-12-08	5,374,592	$0.00	5,374,592	$0.00

Remaning Holdings	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
15,583,912	No	4	M	Indirect
7,791,956	No	4	M	Indirect
35,042,826	No	4	M	Indirect
5,374,592	No	4	M	Indirect
0	No	4	M	Indirect

Footnotes

The Class B Common Stock provides Fifth Third Bank with up to 18.5% of the aggregate voting power of Vantiv, Inc.'s common stock (other than in connection with a stockholder vote with respect to a change of control, in which event the Class B Common Stock will provide Fifth Third Bank with the full number of votes equal to the number of shares of Class B Common Stock it owns) but has no economic rights. If Fifth Third Bank acquires shares of Class A Common Stock in the future, the voting power of the Class B Common Stock will be reduced by an equivalent amount. Upon an exchange of Class B Units of Vantiv Holding, LLC for shares of Class A Common Stock of Vantiv, Inc. as described in note 5, an equivalent number of shares of Class B Common Stock of Vantiv, Inc. will be cancelled.
On December 8, 2015, Fifth Third Bank completed the sale of 13,374,592 shares of Class A Common Stock of Vantiv, Inc. as part of a registered block trade. The shares of Class A common stock sold by Fifth Third Bank were issued to Fifth Third Bank (i) in exchange for 8,000,000 Class B Units of Vantiv Holding, LLC pursuant to the terms of the exchange right described in note 6 and (ii) 5,374,592 Class C Units available for exchange pursuant to the Warrant exercise transaction described in note 5. Simultaneously with the exchange, 8,000,000 shares of Class B Common Stock of Vantiv, Inc. held by Fifth Third Bank were simultaneously and automatically cancelled pursuant to the Exchange Agreement, dated March 12, 2012, as described in note 6. Immediately following completion of the sale, Fifth Third Bank held 35,042,826 Class B Units of Vantiv Holding, LLC and 35,042,826 shares of Class B Common Stock of Vantiv, Inc.
Fifth Third Bank is a wholly owned subsidiary of Fifth Third Financial Corporation, which is a wholly owned subsidiary of Fifth Third Bancorp.
On December 8, 2015, Fifth Third Bank and Vantiv Holding, LLC cancelled a portion of the warrant to purchase an aggregate of 20,378,027 Class C units of Vantiv Holding, LLC that was issued to Fifth Third Bank on June 30, 2009 (the "Warrant"). Pursuant to the Warrant cancellation, the rights under the Warrant to purchase 4,794,115 Class C units of Vantiv Holding, LLC were cancelled for aggregate consideration of $200.0 million payable by Vantiv Holding, LLC to Fifth Third Bank. Following such cancellation, the Warrant is exercisable for an aggregate of 15,583,912 Class C units in Vantiv Holding, LLC. Class C units issuable upon exercise of the remaining portion of the Warrant will continue to be exchangeable on a one-for-one basis for shares of Class A common stock of Vantiv, Inc. pursuant to the terms of the Exchange Agreement, dated March 21, 2012, as described in note 6.
On December 8, 2015, Fifth Third Bank net exercised a portion of the Warrant, which resulted in 5,374,592 Class C units being issued to Fifth Third Bank and 7,791,956 Class C units being available for issuance upon exercise of the remaining Warrant.
Fifth Third Bank has the right pursuant to and subject to the limitations in the Exchange Agreement among Fifth Third Bank, FTPS Partners, LLC, Vantiv, Inc. and Vantiv Holding, LLC (the "Exchange Agreement"), to exchange Class B Units and Class C Units of Vantiv Holding, LLC, a subsidiary of Vantiv, Inc., for shares of Class A Common Stock of Vantiv, Inc. on a one-for-one basis or, at Vantiv, Inc.'s option, for cash. Upon such exchange of Class B Units for Class A Common Stock, an equivalent number of shares of Class B Common Stock of Vantiv, Inc. will be cancelled. Fifth Third Bank is prohibited by the Exchange Agreement from owning more than 18.5% of the Class A Common Stock at any time.