Introduction
This Amendment No. 4 to Schedule 13D (this “Statement”) relates to the beneficial ownership of Common Stock, $0.0001 par value per share (the “Shares”) of Innerworkings, Inc., a Delaware corporation (the “Issuer”). This Statement is being filed on behalf of the Reporting Persons and amends and supplements the Schedule 13D filed by the Reporting Persons dated August 8, 2011, as heretofore amended. Unless otherwise defined, all capitalized terms used herein shall have the respective meanings given such terms in the initial Schedule 13D.
Item 3. Source and Amount of Funds or Other Consideration.
Item 3 is hereby supplemented with the addition of the following:
The 606,800 additional Shares (in addition to the 6,813,325 Shares reflected in the initial Schedule 13D and Amendment Nos. 1-3 thereto) reported herein as being currently beneficially owned were acquired via open market purchases.
The aggregate purchase price for the additional Shares reported herein as beneficially owned by the Reporting Persons is $4,038,971.17. All Shares held by Sagard were acquired with Sagard’s working capital.
Item 5. Interest in Securities of the Issuer.
Items 5(a)-(c) are hereby amended and restated in their entirety as follows:
(a) The Shares reported herein are held directly by Sagard. As of December 5, 2013, each Reporting Person beneficially owned 7,420,125 Shares, which represented 14.5% of the outstanding Shares, based upon 51,266,400 Shares outstanding on November 5, 2013, as reflected in the Issuer’s Form 10-Q filed on November 12, 2013.
In accordance with Securities and Exchange Commission Release No. 34-39538 (January 12, 1998) (the “Release”) this filing reflects the securities beneficially owned by PCC and certain of its subsidiaries, including Sagard. The filing does not reflect securities beneficially owned, if any, by any subsidiaries of PCC whose ownership of securities is disaggregated from that of PCC in accordance with the Release.
The beneficial ownership reflected in the remainder of this Item 5, and in the cover pages, reflect beneficial ownership as of December 5, 2013.
(b) | Sole power to vote or direct the vote: 0 |
| Shared power to vote or direct the vote: 7,420,125 |
| Sole power to dispose or to direct the disposition: 0 |
| Shared power to dispose or direct the disposition: 7,420,125 |
The power to vote or to direct the vote or to dispose or direct the disposition of the Shares reported herein is shared among the Reporting Persons.
(c) | The following transactions have been effected by Sagard over the last 60 days: |
Purchases
Trade Date | Price | Quantity |
11/8/2013 | $ 5.6513 | 2,572,600* |
11/8/2013 | $ 5.6450 | 23,200* |
11/8/2013 | $ 5.6960 | 125,000* |
11/11/2013 | $ 5.9057 | 93,500* |
11/12/2013 | $ 6.0535 | 315,300* |
11/12/2013 | $ 6.0450 | 100,000* |
11/13/2013 | $ 6.3294 | 201,900 |
11/15/2013 | $ 6.4014 | 15,600 |
11/18/2013 | $ 6.8243 | 90,000 |
11/19/2013 | $ 6.7902 | 38,000 |
11/20/2013 | $ 6.7700 | 25,000 |
11/20/2013 | $ 6.8113 | 30,400 |
11/21/2013 | $ 6.9539 | 50,000 |
12/3/2013 | $ 6.5696 | 47,200 |
12/4/2013 | $ 6.6896 | 75,000 |
12/4/2013 | $ 6.6979 | 33,700 |
| | |
* Previously reported on Amendment No. 3 to Schedule 13D | |