Filing Details

Accession Number:
0001127602-23-025990
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-10-17 15:15:00
Reporting Period:
2023-10-16
Accepted Time:
2023-10-17 15:15:00
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1701732 Altair Engineering Inc. ALTR Services-Prepackaged Software (7372) 382591828
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1720314 Ralph James Scapa C/O Altair Engineering Inc.
1820 E. Big Beaver Rd.
Troy MI 48083
Chief Executive Officer Yes Yes 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
Class A Common Stock Acquisiton 2023-10-16 5,000 $0.00 5,000 No 4 C Indirect By James R. Scapa Declaration of Trust dated March 5, 1987
Class A Common Stock Disposition 2023-10-16 1,302 $64.48 3,698 No 4 S Indirect By James R. Scapa Declaration of Trust dated March 5, 1987
Class A Common Stock Disposition 2023-10-16 3,348 $65.44 350 No 4 S Indirect By James R. Scapa Declaration of Trust dated March 5, 1987
Class A Common Stock Disposition 2023-10-16 350 $66.05 0 No 4 S Indirect By James R. Scapa Declaration of Trust dated March 5, 1987
Class A Common Stock Acquisiton 2023-10-16 5,000 $0.00 5,000 No 4 C Indirect By JRS Investments LLC
Class A Common Stock Disposition 2023-10-16 1,302 $64.48 3,698 No 4 S Indirect By JRS Investments LLC
Class A Common Stock Disposition 2023-10-16 3,348 $65.44 350 No 4 S Indirect By JRS Investments LLC
Class A Common Stock Disposition 2023-10-16 350 $66.05 0 No 4 S Indirect By JRS Investments LLC
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 C Indirect By James R. Scapa Declaration of Trust dated March 5, 1987
No 4 S Indirect By James R. Scapa Declaration of Trust dated March 5, 1987
No 4 S Indirect By James R. Scapa Declaration of Trust dated March 5, 1987
No 4 S Indirect By James R. Scapa Declaration of Trust dated March 5, 1987
No 4 C Indirect By JRS Investments LLC
No 4 S Indirect By JRS Investments LLC
No 4 S Indirect By JRS Investments LLC
No 4 S Indirect By JRS Investments LLC
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Stock Class B Common Stock Disposition 2023-10-16 5,000 $0.00 5,000 $0.00
Class A Common Stock Class B Common Stock Disposition 2023-10-16 5,000 $0.00 5,000 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
10,311,610 No 4 C Indirect
6,697,182 No 4 C Indirect
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Class A Common Stock 103,591 Direct
Class A Common Stock 1,295 Indirect By wife
Footnotes
  1. Includes 72,542 Class A Common Stock restricted stock units that are unvested.
  2. Includes 265 Class A Common Stock restricted stock units that are unvested.
  3. Reporting person serves as Trustee. Reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
  4. The sale of the shares of Class A Common Stock were made pursuant to a plan intended to comply with Rule 10b5-1 of the Exchange Act, previously entered into on December 14, 2022.
  5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $64.01 to $64.97 per share, inclusive. The reporting person undertakes to provide to Altair Engineering Inc., any security holder of Altair Engineering 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 ranges set forth herein.
  6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $65.03 to $65.93 per share, inclusive. The reporting person undertakes to provide to Altair Engineering Inc., any security holder of Altair Engineering 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 ranges set forth herein.
  7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $66.04 to $66.07 per share, inclusive. The reporting person undertakes to provide to Altair Engineering Inc., any security holder of Altair Engineering 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 ranges set forth herein.
  8. Reporting person serves as Manager. Reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
  9. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $64.01 to $64.97 per share, inclusive. The reporting person undertakes to provide to Altair Engineering Inc., any security holder of Altair Engineering 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 ranges set forth herein.
  10. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $65.03 to $65.93 per share, inclusive. The reporting person undertakes to provide to Altair Engineering Inc., any security holder of Altair Engineering 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 ranges set forth herein.
  11. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $66.04 to $66.07 per share, inclusive. The reporting person undertakes to provide to Altair Engineering Inc., any security holder of Altair Engineering 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 ranges set forth herein.
  12. Each share of Class B common stock is immediately convertible, at the option of the shareholder, into one share of Class A common stock and shall automatically convert into Class A common stock upon the occurrence of certain events. Please see Altair Engineering Inc. Registration Statement filed with the Securities and Exchange Commission on Form S-1 (File No. 333-220710) for a description of the conversion rights.