Spinnaker Capital Form 4 CarGurus / Anastasios Parafestas 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^*

Parafestas Anastasios

(Last) (First) (Middle)

ONE JOY STREET

(Street)

BOSTON MA 02108

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CarGurus, Inc. [ CARG ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
02/13/2019

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
Class A Common Stock	02/13/2019		S(1)		25,000	D	$40.44(2)	8,242,183	I	See footnote(3)
Class A Common Stock	02/14/2019		S(1)		11,647	D	$40.38(4)	8,230,536	I	See footnote(3)
Class A Common Stock	02/13/2019		S(5)		5,000	D	$40.44(2)	1,598,123	I	See footnote(6)
Class A Common Stock	02/14/2019		S(5)		2,353	D	$40.38(4)	1,595,770	I	See footnote(6)
Class A Common Stock								106,873	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

1. Name and Address of Reporting Person^*

Parafestas Anastasios

(Last) (First) (Middle)

ONE JOY STREET

(Street)

BOSTON MA 02108

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Argonaut 22 LLC

(Last) (First) (Middle)

ONE JOY STREET

(Street)

BOSTON MA 02108

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Spinnaker Capital LLC

(Last) (First) (Middle)

ONE JOY STREET

(Street)

BOSTON MA 02108

(City) (State) (Zip)

Explanation of Responses:

1. This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by Argonaut 22 LLC.

2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.27 to $40.61 per share, inclusive. Information regarding the number of shares sold at each separate price will be made available from the Reporting Person upon request by the staff of the Securities and Exchange Commission, the Issuer or any security holder of the Issuer.

3. The shares are owned directly by Argonaut 22 LLC. Spinnaker Capital LLC is the Managing Member of Argonaut 22 LLC and the Reporting Person, a director of the Issuer, is the Managing Member of Spinnaker Capital LLC. The Reporting Person and Spinnaker Capital LLC are indirect beneficial owners of the reported securities.

4. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.13 to $40.72 per share, inclusive. Information regarding the number of shares sold at each separate price will be made available from the Reporting Person upon request by the staff of the Securities and Exchange Commission, the Issuer or any security holder of the Issuer.

5. This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by The RWS 2006 Family Trust.

6. The shares are owned directly by The RWS 2006 Family Trust. The Reporting Person, a director of the Issuer, is a co-trustee of The RWS 2006 Family Trust and may be deemed to be an indirect beneficial owner of the shares held by The RWS 2006 Family Trust. The Reporting Person expressly disclaims beneficial ownership of the shares held by The RWS 2006 Family Trust and this report shall not be deemed an admission that the Reporting Person is a beneficial owner of such securities for the purpose of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

Remarks:

	/s/ Anastasios Parafestas	02/15/2019
	/s/ Anastasios Parafestas, Manager of Spinnaker Capital LLC, which is the Managing Member of Argonaut 22 LLC	02/15/2019
	/s/ Anastasios Parafestas, Manager of Spinnaker Capital LLC	02/15/2019
	** Signature of Reporting Person	Date
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