Home > Insider Trading > Filing (0000899243-21-012492)

Filing Details

Accession Number:: 0000899243-21-012492
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-03-18 13:12:01
Reporting Period:: 2021-03-16

Accepted Time:: 2021-03-18 13:12:01
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1651052	Focus Financial Partners Inc.	FOCS	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1490137	D James Carey	C/O Stone Point Capital Llc 20 Horseneck Lane Greenwich CT 06830-6327		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
Class A Common Stock	Acquisiton	2021-03-16	351,220	$0.00	8,482,036	No	4	C	Indirect	See Footnotes
Class A Common Stock	Disposition	2021-03-16	683,226	$46.20	7,798,810	No	4	S	Indirect	See Footnotes

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

Reported Derivative Transactions

Show Other Fields >>

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Units of Focus Financial Partners, LLC	Disposition	2021-03-16	351,220	$0.00	351,220	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
8,250,165			No	4	C	Indirect

Footnotes

Units of Focus Financial Partners, LLC represent limited liability company units of Focus Financial Partners, LLC and an equal number of shares of Class B common stock ("Class B Common Stock") of Focus Financial Partners Inc. (the "Issuer"), which together are exchangeable, at the option of Focus Financial Partners, LLC or the Issuer, on a one-for-one basis for (i) a share of Class A Common Stock ("Class A Common Stock") of the Issuer, subject to conversion rate adjustments for stock splits, stock dividends, reclassification and other similar transactions or (ii) an equivalent amount of cash pursuant to the Fourth Amended and Restated Limited Liability Company Agreement of Focus Financial Partners, LLC.
This amount represents the $48.00 secondary public offering price per share of Class A Common Stock less the underwriting discount of $1.80 per share of Class A Common Stock.
Securities disposed of consists of shares of Class A Common Stock of the Issuer held as follows: (a) 351,220 shares of Class A Common Stock are held by Trident FFP LP, (b) 40,688 shares of Class A Common Stock are held by Trident VI, L.P., (c) 285,272 shares of Class A Common Stock are held by Trident VI Parallel Fund, L.P. and (d) 6,046 shares of Class A Common Stock are held by Trident VI DE Parallel Fund, L.P. The sole general partner of Trident FFP LP is Trident FFP GP LLC, and the sole general partner of each of Trident VI, L.P., Trident VI Parallel Fund, L.P. and Trident VI DE Parallel Fund, L.P. (collectively, the "Trident VI Partnerships" and, together with Trident FFP LP, the "Trident Stockholders") is Trident Capital VI, L.P.
Pursuant to certain management agreements, Stone Point Capital LLC has received delegated authority by Trident Capital VI, L.P. relating to the Trident VI Partnerships, provided that the delegated discretion to exercise voting rights may not be exercised on behalf of any of the Trident VI Partnerships without first receiving direction from the Investment Committee of Trident Capital VI, L.P. or a majority of the general partners of Trident Capital VI, L.P. The management agreements do not delegate any power with respect to the disposition of Class A Common Stock or Class B Common Stock held by the Trident VI Partnerships. James D. Carey, as a member and managing director at Stone Point Capital LLC and an owner of one of five members of Trident FFP GP LLC and one of five general partners of Trident Capital VI, L.P., may be deemed to be the beneficial owner of the securities held directly by the Trident Stockholders.
Held by Trident FFP LP.
Beneficially owned securities consists of shares of Class A Common Stock of the Issuer held as follows: (a) 351,220 shares of Class A Common Stock are held by Trident FFP LP, (b) 996,443 shares of Class A Common Stock are held by Trident VI, L.P., (c) 6,986,311 shares of Class A Common Stock are held by Trident VI Parallel Fund, L.P. and (d) 148,062 shares of Class A Common Stock are held by Trident VI DE Parallel Fund, L.P.
Beneficially owned securities consists of shares of Class A Common Stock of the Issuer held as follows: (a) 0 shares of Class A Common Stock are held by Trident FFP LP, (b) 955,755 shares of Class A Common Stock are held by Trident VI, L.P., (c) 6,701,039 shares of Class A Common Stock are held by Trident VI Parallel Fund, L.P. and (d) 142,016 shares of Class A Common Stock are held by Trident VI DE Parallel Fund, L.P.
Mr. Carey disclaims beneficial ownership of the shares and units held of record or beneficially by the Trident Stockholders, except to the extent of any pecuniary interest therein. The filing of this statement shall not be deemed to be an admission that, for purposes of Section 16 of the Securities and Exchange Act of 1934 or otherwise, Mr. Carey is the beneficial owner of any securities reported herein.