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Filing Details

Accession Number:: 0000899243-16-028912
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2016-09-13 19:20:18
Reporting Period:: 2016-09-09

Filing Date:: 2016-09-13
Accepted Time:: 2016-09-13 19:20:18
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1211759	Connecture Inc	CNXR	Services-Prepackaged Software (7372)	000000000

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1344015	Ezra Perlman	C/O Francisco Partners Management, L.p. One Letterman Drive, Building C -Ste 410 San Francisco CA 94129		Yes	No	No	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	Acquisiton	2016-09-09	53,173	$1.63	3,605,052	No	4	P	Indirect	See Footnotes
Common Stock	Acquisiton	2016-09-12	600	$1.65	3,605,652	No	4	P	Indirect	See Footnotes
Common Stock	Acquisiton	2016-09-13	18,370	$1.69	3,624,022	No	4	P	Indirect	See Footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	See Footnotes
No	4	P	Indirect	See Footnotes
No	4	P	Indirect	See Footnotes

Footnotes

The price reported in Column 4 is a weighted average price. These shares were acquired in multiple transactions at prices ranging from $1.63 to $1.65, inclusive. The Reporting Person undertakes to provide upon request by the Commission staff, the Issuer, or a security holder of the Issuer full information regarding the number of shares purchased or sold at each separate price.
These securities are directly held by Francisco Partners IV, L.P. ("FP IV") and Francisco Partners IV-A, L.P. ("FP IV-A"). As of the date of this filing, FP IV holds 2,414,050 shares of common stock of Connecture, Inc. (the "Issuer"), having a par value of $0.001 per share (the "Common Stock"), and FP IV-A holds 1,209,972 shares of Common Stock.
As of the date of this filing, FP IV holds 33,306 shares of Series A Convertible Preferred Stock, par value $0.001 per share (the "Preferred Stock"), of the Issuer, and FP IV-A holds 16,694 shares of Preferred Stock. The number of shares of Common Stock deliverable upon conversion of each share of Preferred Stock is equal to approximately 224.9556 shares, subject to customary anti-dilution adjustments, paid-in-kind dividends through June 30, 2016 and other adjustments. The Preferred Stock is convertible at any time and has no expiration date. The Issuer may mandatorily convert the Preferred Stock into Common Stock after May 2, 2018, if certain conditions are met.
The general partner of both FP IV and FP IV-A is Francisco Partners GP IV, L.P. ("FP GP"). The general partner of FP GP is Francisco Partners GP IV Management Limited ("FP GP Management"). Mr. Perlman, an officer of an affiliate of Francisco Partners Management, L.P. ("Francisco Partners"), is a member of the board of directors of the Issuer. FP IV, FP IV-A, FP GP and FP GP Management are affiliates of Francisco Partners and have each filed a separate Form 4 reporting the acquisition of securities of the Issuer that each may be deemed to beneficially own. Mr. Perlman disclaims beneficial ownership of any securities of the Issuer that may be deemed to be beneficially owned by affiliates of Francisco Partners, including FP IV, FP IV-A, FP GP and FP GP Management, except to the extent of his pecuniary interest therein.
The price reported in Column 4 is a weighted average price. These shares were acquired in multiple transactions at prices ranging from $1.65 to $1.70, inclusive. The Reporting Person undertakes to provide upon request by the Commission staff, the Issuer, or a security holder of the Issuer full information regarding the number of shares purchased or sold at each separate price.