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*
BEN Merger Sub, Inc.

(Last) (First) (Middle)
601 LEXINGTON AVENUE
53RD FLOOR

(Street)
NEW YORK NY 10022

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
BANKRATE INC [ RATE ]
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)
09/25/2009
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
Common Stock, par value $0.01 per share 09/25/2009 J(1) 1,333,334 A (1) 62,824,501(2)(3)(4) D
Common Stock, par value $0.01 per share 09/25/2009 J(1) 1,333,334 D (1) 2,929,768 I See Footnote(1)(5)
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*
BEN Merger Sub, Inc.

(Last) (First) (Middle)
601 LEXINGTON AVENUE
53RD FLOOR

(Street)
NEW YORK NY 10022

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Apax US VII, L.P.

(Last) (First) (Middle)
P.O. BOX 908GT

(Street)
GEORGE TOWN GRAND E9 KY1-9002

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Apax Europe VII-1, L.P.

(Last) (First) (Middle)
THIRD FLOOR ROYAL BANK PLACE,
1 GLATEGNY ESPLANADE

(Street)
ST. PETER PORT GY1 2HJ

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Apax Europe VII-A, L.P.

(Last) (First) (Middle)
THIRD FLOOR ROYAL BANK PLACE,
1 GLATEGNY ESPLANADE

(Street)
ST. PETER PORT GY1 2HJ

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Apax Europe VII-B, L.P.

(Last) (First) (Middle)
THIRD FLOOR ROYAL BANK PLACE,
1 GLATEGNY ESPLANADE

(Street)
ST. PETER PORT GY1 2HJ

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Apax Europe VII GP Co. Ltd

(Last) (First) (Middle)
33 JERMYN STREET

(Street)
LONDON X0 SW1Y 6DN

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Apax Europe VII GP L.P. Inc.

(Last) (First) (Middle)
THIRD FLOOR ROYAL BANK PLACE,
1 GLATEGNY ESPLANADE

(Street)
ST. PETER PORT GY1 2HJ

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
APAX PARTNERS EUROPE MANAGERS LTD

(Last) (First) (Middle)
33 JERMYN STREET

(Street)
LONDON X0 SW1Y 6DN

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Apax Guernsey (Holdco) Ltd

(Last) (First) (Middle)
THIRD FLOOR ROYAL BANK PLACE,
1 GLATEGNY ESPLANADE

(Street)
ST. PETER PORT GY1 2HJ

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Apax US VII GP, Ltd.

(Last) (First) (Middle)
P.O. BOX 908GT

(Street)
GEORGE TOWN GRAND E9 KY1-9002

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
Explanation of Responses:
1. On September 25, 2009, Ben Holdings, Inc. ("Parent"), the parent of BEN Merger Sub, Inc. ("Purchaser"), acquired 1,333,334 shares of the Issuer's common stock from a shareholder of the Issuer who had entered into a Non-Tender and Support Agreement (described in Note 5), in exchange for 22,800.0114 Class A Shares of Parent and a promissory note.
2. Purchaser is a wholly owned subsidiary of Parent. All of the outstanding common stock of Parent is owned by Ben Holding S.a r.l., which is owned by Apax US VII, L.P. (holding 7%) and Apax WW Nominees Ltd. (holding 93% as a nominee for Apax Europe VII-A, L.P., Apax Europe VII-B, L.P. and Apax Europe VII-1, L.P.). (Continued in footnote 3)
3. Apax Europe VII GP L.P. Inc. is the general partner of each of Apax Europe VII A, L.P., Apax Europe VII B, L.P. and Apax Europe VII 1, L.P. Apax Europe VII GP Co. Limited is the general partner of Apax Europe VII GP L.P. Inc. Apax Partners Europe Managers Ltd has been appointed by Apax Europe VII GP L.P. Inc. as discretionary investment manager of the investments of Apax Europe VII-A, L.P., Apax Europe VII-B, L.P. and Apax Europe VII-1, L.P. Apax Guernsey (Holdco) Limited is the general partner of Apax Europe VII GP Co. Limited. (Continued in footnote 4)
4. Apax US VII GP, L.P. is the general partner of Apax US VII, L.P. Apax US VII GP, Ltd. is the general partner of Apax US VII GP, L.P. John F. Megrue owns 100% of the equity interests of Apax US VII GP, Ltd. The Reporting Persons disclaim beneficial ownership of the securities reported on this statement except to the extent of their respective pecuniary interest therein. The filing of this statement shall not be deemed an admission that, for purposes of section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, any of the Reporting Persons is the beneficial owner of all such shares of common stock covered by this statement.
5. Purchaser, Parent and certain shareholders of the Issuer (the "Shareholders") entered into Non-Tender and Support Agreements, dated July 22, 2009, pursuant to which the Shareholders agreed, among other things, to appoint BEN Holdings, Inc. proxy and attorney-in-fact to vote all of their securities of the Issuer subject to the Non-Tender and Support Agreements for the approval and adoption of the Merger Agreement and the transactions contemplated thereby, and against other actions which could reasonably be expected to impede, delay or adversely affect the Merger, subject to the terms and conditions of the Non-Tender and Support Agreements. Neither Parent nor Purchaser has any pecuniary interest in the shares held by the Shareholders and each expressly disclaims beneficial ownership of any shares covered by the Non-Tender and Support Agreements.
Remarks:
See Form 4 for BEN Holdings, Inc. filed simultaneously herewith for additional members of this joint filing.
BEN MERGER SUB, INC., by: /s/ Christian Stahl 09/25/2009
APAX US VII, L.P., by Apax US VII GP, L.P., its general partner, by Apax US VII GP, Ltd., its general partner, by: /s/ Christian Stahl 09/25/2009
APAX EUROPE VII-1, L.P., by Apax Europe VII GP L.P. Inc., its general partner, by Apax Europe VII GP Co. Limited, its general partner, by: /s/ Andrew Guille 09/25/2009
APAX EUROPE VII-A, L.P., by Apax Europe VII GP L.P. Inc., its general partner, by Apax Europe VII GP Co. Limited, its general partner, by: /s/ Andrew Guille 09/25/2009
APAX EUROPE VII-B, L.P., by Apax Europe VII GP L.P. Inc., its general partner, by Apax Europe VII GP Co. Limited, its general partner, by: /s/ Andrew Guille 09/25/2009
APAX EUROPE VII GP CO. LIMITED, by: /s/ Andrew Guille 09/25/2009
APAX EUROPE VII GP L.P. INC., by Apax Europe VII GP Co. Limited, its general partner, by: /s/ Andrew Guille 09/25/2009
APAX PARTNERS EUROPE MANAGERS LTD, by: /s/ Paul Fitzsimons, by: /s/ Ian Jones 09/25/2009
APAX GUERNSEY (HOLDCO) LIMITED, by: /s/ Andrew Guille 09/25/2009
APAX US VII GP, L.P., by Apax US VII GP, Ltd., its general partner, by: /s/ Christian Stahl 09/25/2009
** 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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