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Filing Details

Accession Number:: 0001410384-20-000145
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-09-04 16:14:32
Reporting Period:: 2020-09-02

Accepted Time:: 2020-09-04 16:14:32
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1410384	Q2 Holdings Inc.	QTWO	Services-Prepackaged Software (7372)	202706637

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1597881	T Jeffrey Diehl	1 North Wacker Drive Suite 2700 Chicago IL 60606		Yes	No	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2020-09-02	100,000	$99.78	777,562	No	4	S	Indirect	By funds

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	By funds

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	10,364	Direct

Footnotes

Represents 31,035 shares sold by Adams Street 2006 Direct Fund, L.P., or AS 2006, 35,047 shares sold by Adams Street 2007 Direct Fund, L.P., or AS 2007, 11,742 shares sold by Adams Street 2008 Direct Fund, L.P., or AS 2008, 10,156 shares sold by Adams Street 2009 Direct Fund, L.P., or AS 2009, 5,769 shares sold by Adams Street 2010 Direct Fund, L.P., or AS 2010, 4,635 shares sold by Adams Street 2011 Direct Fund LP, or AS 2011, 367 shares sold by Adams Street Partnership Fund-2007 U.S. Fund, L.P., or AS 2007 US, 471 shares sold by Adams Street Partnership Fund-2008 U.S. Fund, L.P., or AS 2008 US, 418 shares sold by Adams Street Partnership Fund-2009 U.S. Fund, L.P., or AS 2009 US, 294 shares sold by Adams Street Partnership Fund-2010 U.S. Fund, L.P., or AS 2010 US, and 66 shares sold by Adams Street Partnership Fund-2010 U.S. Fund Series B, L.P., or AS 2010 US Series B.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $98.30 to $101.435 inclusive. Reporting Person undertakes to provide to Q2 Holdings, Inc., any security holder of Q2 Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Represents 241,315 shares held by AS 2006, 272,512 shares held by AS 2007, 91,298 shares held by AS 2008, 78,966 shares held by AS 2009, 44,858 shares held by AS 2010, 36,038 shares held by AS 2011, 2,859 shares held by AS 2007 US, 3,666 shares held by AS 2008 US, 3,252 shares held by AS 2009 US, 2,289 shares held by AS 2010 US, and 509 shares held by AS 2010 US Series B.
Jeffrey T. Diehl disclaims beneficial ownership of the Shares except to the extent of his pecuniary interest therein.
The shares owned by each of AS 2006, AS 2007, AS 2008, AS 2009, AS 2010, AS 2011, AS 2007 US, AS 2008 US, AS 2009 US, AS 2010 US, and AS 2010 US Series B may be deemed to be beneficially owned by Adams Street Partners, LLC, the managing member of the general partner of each of AS 2006, AS 2007, AS 2008, AS 2009 and AS 2010, the managing member of the general partner of the general partner of AS 2011, and the general partner of AS 2007 US, AS 2008 US, AS 2009 US, AS 2010 US, and AS 2010 US Series B. Mr. Diehl is a partner of Adams Street Partners, LLC (or a subsidiary thereof), and may be deemed to share voting and dispositive power over the shares held by AS 2006, AS 2007, AS 2008, AS 2009, AS 2010, AS 2011, AS 2007 US, AS 2008 US, AS 2009 US, AS 2010 US, and AS 2010 US Series B.
By agreement with AS 2006, AS 2007, AS 2008, AS 2009, AS 2010, and AS 2011 (the "Funds"), Mr. Diehl is deemed to hold the stock for the benefit of the Funds.