Schaper Carl James Form 4 Q2 / Carl James Schaper ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Schaper Carl James

(Last) (First) (Middle)

13785 RESEARCH BLVD.

SUITE 150

(Street)

AUSTIN TX 78750

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Q2 Holdings, Inc. [ QTWO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/13/2018

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/13/2018		M		9,182	A	$13	31,844	D
Common Stock	09/13/2018		M		5,022	A	$24.89	36,866	D
Common Stock	09/13/2018		M		1,794	A	$27.86	38,660	D
Common Stock	09/13/2018		M		1,679	A	$27.86	40,339	D
Common Stock	09/13/2018		S(1)		17,752(2)	D	$66.19(3)	22,587	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (right to buy)	$13	09/13/2018		M			9,182	04/19/2014(4)	03/19/2024	Common Stock	9,182	$0	0	D
Stock Option (right to buy)	$24.89	09/13/2018		M			5,022	07/09/2015(5)	06/09/2022	Common Stock	5,022	$0	0	D
Stock Option (right to buy)	$27.86	09/13/2018		M			1,794	07/09/2016(6)	06/09/2023	Common Stock	1,794	$0	0	D
Stock Option (right to buy)	$27.86	09/13/2018		M			1,679	07/09/2016(7)	06/09/2023	Common Stock	1,679	$0	564	D

Explanation of Responses:

1. Shares sold pursuant to Reporting Person's 10b5-1 Trading Plan.

2. Includes shares sold to cover tax withholding obligations triggered upon lapse of restricted stock units.

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $65.30 to $67.05 inclusive. Reporting Person undertakes to provide to Q2 Holdings, Inc., any security holder of Q2 Holdings, 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 range set forth in this footnote.

4. The option grant vested and became exercisable in equal monthly installments over 36 months beginning on April 19, 2014.

5. This option grant vested and became exercisable in equal monthly installments over 36 months beginning July 9, 2015.

6. This option grant vested and became exercisable in equal monthly installments over 12 months beginning July 9, 2016.

7. This option grant vested and became exercisable in equal monthly installments over 36 months beginning July 9, 2016.

Remarks:

	/s/ M. Scott Kerr, attorney-in-fact	09/17/2018
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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