BATS Global Markets Form 4 Change in insider ownership

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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X

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^*

TA ASSOCIATES, L.P.

(Last) (First) (Middle)

200 CLARENDON STREET

56TH FLOOR

(Street)

BOSTON MA 02116

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Bats Global Markets, Inc. [ BATS ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
11/17/2016

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

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

	Form filed by One Reporting Person
X	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
Voting Common Stock	11/17/2016		J(1)		2,058,100	D	(1)	4,116,201(2)	I	By TA XI L.P.(3)
Voting Common Stock	11/17/2016		J(1)		1,418,413	D	(1)	2,836,826(4)	I	By TA Atlantic and Pacific VI L.P.(3)
Voting Common Stock	11/17/2016		J(1)		69,516	D	(1)	139,034(5)	I	By TA Investors IV L.P.(3)

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

1. Name and Address of Reporting Person^*

TA ASSOCIATES, L.P.

(Last) (First) (Middle)

200 CLARENDON STREET

56TH FLOOR

(Street)

BOSTON MA 02116

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

TA XI, L.P.

(Last) (First) (Middle)

200 CLARENDON STREET

56TH FLOOR

(Street)

BOSTON MA 02116

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

TA ATLANTIC & PACIFIC VI LP

(Last) (First) (Middle)

200 CLARENDON STREET

56TH FLOOR

(Street)

BOSTON MA 02116

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

TA INVESTORS IV, L.P.

(Last) (First) (Middle)

200 CLARENDON STREET

56TH FLOOR

(Street)

BOSTON MA 02116

(City) (State) (Zip)

Explanation of Responses:

1. On November 17, TA XI L.P. ("TA XI"), TA Atlantic and Pacific VI L.P. ("TA AP VI") and TA Investors IV L.P. ("TA Investors IV" and collectively with TA XI and TA AP VI, the "TA Associates Funds") distributed, for no consideration, 2,058,100 shares, 1,418,413 shares and 69,516 shares, respectively, of Voting Common Stock of the Issuer (collectively, the "Shares") to its limited partners and to TA Associates, L.P. ("TA Associates"), the direct or indirect general partner of each of the TA Associates Funds, representing each such partner's pro rata interest in such Shares. On the same date, TA Associates distributed, for no consideration, the Shares it received in the distribution by the TA Associates Funds to its partners, representing each such partner's pro rata interest in such Shares. All of the aforementioned distributions were made in accordance with the exemptions afforded by Rules 16a-13 and 16a-9 of the Securities Exchange Act of 1934, as amended.

2. Includes 3,401,366 shares received by TA XI in a distribution-in-kind by BGM Holdings, L.P. on August 31, 2016, which distribution was made in accordance with the exemptions afforded by Rule 16a-13 of the Securities Exchange Act of 1934, as amended (the "BGM Distribution").

3. TA Associates is either the direct or indirect general partner of each of the TA Associates Funds and has investment and voting control over the shares held by the TA Associates Funds. TA Associates disclaims beneficial ownership of the shares held by the TA Associates Funds except to the extent of its pecuniary interest, if any, therein.

4. Includes 2,344,184 shares received by TA AP VI in the BGM Distribution.

5. Includes 114,910 shares received by TA Investors IV in the BGM Distribution.

Remarks:

	TA Associates, L.P., by Jeffrey C. Hadden, General Counsel	11/21/2016
	TA XI L.P., By TA Associates XI GP L.P., its General Partner, By TA Associates L.P., its General Partner, by Jeffrey C. Hadden, General Counsel	11/21/2016
	TA Atlantic and Pacific VI L.P., By TA Associates AP VI L.P., its General Partner, By TA Associates L.P., its General Partner, by Jeffrey C. Hadden, General Counsel	11/21/2016
	TA Investors IV L.P., By TA Associates L.P., its General Partner, by Jeffrey C. Hadden, General Counsel	11/21/2016
	** Signature of Reporting Person	Date
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