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Filing Details

Accession Number:: 0000899243-21-045104
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-11-17 18:16:00
Reporting Period:: 2021-11-15

Accepted Time:: 2021-11-17 18:16:00
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1210677	First Advantage Corp	FA	Services-Business Services, Nec (7389)	843884690

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1418226	Silver Lake Group, L.l.c.	C/O Silver Lake 2775 Sand Hill Road, Suite 100 Menlo Park CA 94025	Yes	No	Yes	No
1603955	Joseph Osnoss	C/O Silver Lake 2775 Sand Hill Road, Suite 100 Menlo Park CA 94025	Yes	No	No	No
1737652	Slta V (Gp), L.l.c.	C/O Silver Lake 2775 Sand Hill Road, Suite 100 Menlo Park CA 94025	Yes	No	Yes	No
1737657	Silver Lake Technology Associates V, L.p.	C/O Silver Lake 2775 Sand Hill Road, Suite 100 Menlo Park CA 94025	Yes	No	Yes	No
1811441	Slp V Aggregator Gp, L.l.c.	C/O Silver Lake 2775 Sand Hill Road, Suite 100 Menlo Park GA 94025	Yes	No	Yes	No
1866145	Slp Fastball Aggregator, L.p.	C/O Silver Lake 2775 Sand Hill Road, Suite 100 Menlo Park CA 94025	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
Common Stock	Disposition	2021-11-15	15,786,333	$19.30	94,947,680	No	4	S	Indirect	Held through SLP Fastball Aggregator, L.P.
Common Stock	Disposition	2021-11-15	5,389,840	$0.00	89,557,840	No	4	J	Indirect	Held through SLP Fastball Aggregator, L.P.
Common Stock	Disposition	2021-11-16	54,134	$19.34	75,329	No	4	S	Indirect	Held through Silver Lake Technology Associates V, L.P.
Common Stock	Disposition	2021-11-16	5,991	$19.34	8,337	No	4	S	Indirect	See footnote
Common Stock	Disposition	2021-11-17	75,329	$19.48	0	No	4	S	Indirect	Held through Silver Lake Technology Associates V, L.P.
Common Stock	Disposition	2021-11-17	8,337	$19.48	0	No	4	S	Indirect	See footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	Held through SLP Fastball Aggregator, L.P.
No	4	J	Indirect	Held through SLP Fastball Aggregator, L.P.
No	4	S	Indirect	Held through Silver Lake Technology Associates V, L.P.
No	4	S	Indirect	See footnote
No	4	S	Indirect	Held through Silver Lake Technology Associates V, L.P.
No	4	S	Indirect	See footnote

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	322,839	Indirect	Held through Silver Lake Group, L.L.C.
Common Stock	90,373	Direct
Common Stock	25,563	Indirect	See footnote

Footnotes

This amount represents the $20.00 secondary public offering price per share of common stock of First Advantage Corporation (the "Issuer"), less the underwriting discount of $0.70 per share for shares sold pursuant to a registered public offering.
Represents securities held by SLP Fastball Aggregator, L.P. ("SLP Fastball"). SLP V Aggregator GP, L.L.C. ("SLP V GP") is the general partner of SLP Fastball. Silver Lake Technology Associates V, L.P. ("SLTA V") is the managing member of SLP V GP. SLTA V (GP), L.L.C. ("SLTA V GP") is the general partner of SLTA V. Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA V GP. Mr. Joseph Osnoss serves as a member of the board of directors of the Issuer and is a Managing Member of SLG. Each of SLP Fastball, SLP V GP, SLTA V, SLTA V GP and SLG may be deemed to be a director by deputization of the Issuer.
SLP Fastball and certain of its affiliates distributed shares of Common Stock to their respective partners and members as in-kind distributions. The receipt of shares of Common Stock by each of the Reporting Persons was exempt from reporting pursuant to Rule 16a-13 of the Exchange Act.
These shares of Common Stock were received by SLTA V in connection with the distribution made by SLP Fastball described above. The receipt of such shares of Common Stock was exempt from reporting pursuant to Rule 16a-13 of the Exchange Act.
These shares of Common Stock were received indirectly by Mr. Joseph Osnoss through his indirect interest in an entity in which he may be deemed to have a pecuniary interest, in connection with the pro rata distributions made by SLP Fastball and its affiliates described above. The receipt of such shares of Common Stock indirectly by Mr. Osnoss was exempt from reporting pursuant to Rule 16a-13 of the Exchange Act.
These shares of Common Stock were received by SLG in connection with the distributions made by SLP Fastball and its affiliates described above. The receipt of such shares of Common Stock was exempt from reporting pursuant to Rule 16a-13 of the Exchange Act.
Represents shares of Common Stock held by Mr. Joseph Osnoss immediately following the receipt of such shares in connection with the distributions of shares of Common Stock reported above. The receipt of such shares of Common Stock was exempt from reporting pursuant to Rule 16a-13 of the Exchange Act.
Represents shares of Common Stock beneficially owned indirectly by Mr. Osnoss through a trust for the benefit of certain family members, which received such shares in connection with the distributions of shares of Common Stock reported above. The receipt of such shares of Common Stock indirectly by Mr. Osnoss was exempt from reporting pursuant to Rule 16a-13 of the Exchange Act.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.175 to $19.64, inclusive. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, 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.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.12 to $19.75, inclusive. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, 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.