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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1365038	Leaf Group Ltd.	LEAF	()	4

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1320123	P L V Investors Equity Spectrum	One International Place, 35Th Floor Boston MA 02110	No	No	Yes	No
1472388	Sea V Management Llc	One International Place, 35Th Floor Boston MA 02110	No	No	Yes	No
1472389	Spectrum Equity Associates V Lp	One International Place, 35Th Floor Boston MA 02110	No	No	Yes	No
1472390	Spectrum V Investment Managers Fund Lp	One International Place, 35Th Floor Boston MA 02110	No	No	Yes	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2020-10-05	497,500	$5.13	2,259,188	No	4	S	Indirect	By Spectrum Equity Investors V, L.P.
Common Stock	Disposition	2020-10-05	2,500	$5.13	11,353	No	4	S	Indirect	By Spectrum V Investment Managers' Fund, L.P.

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	By Spectrum Equity Investors V, L.P.
No	4	S	Indirect	By Spectrum V Investment Managers' Fund, L.P.

Footnotes

The shares are directly held by Spectrum Equity Investors V, L.P. ("SEI V"), the general partner of which is Spectrum Equity Associates V, L.P., the general partner of which is SEA V Management, LLC ("SEA V Management"). Brion B. Applegate, Christopher T. Mitchell, and Victor E. Parker, Jr. (together, the "Managers") are the individual managing directors of SEA V Management Each of the Reporting Persons and the Managers disclaims beneficial ownership of these shares except to the extent of their pecuniary interest therein, if any.
The shares are directly held by Spectrum V Investment Managers' Fund, L.P. ("IMF V"), the general partner of which is SEA V Management. The Managers are the individual managing directors of SEA V Management. Each of the Reporting Persons and the Managers disclaims beneficial ownership of these shares except to the extent of their pecuniary interest therein, if any.