0000899243-16-024598.txt : 20160706 0000899243-16-024598.hdr.sgml : 20160706 20160706162613 ACCESSION NUMBER: 0000899243-16-024598 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20160701 FILED AS OF DATE: 20160706 DATE AS OF CHANGE: 20160706 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Higher One Holdings, Inc. CENTRAL INDEX KEY: 0001486800 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 263025501 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 115 MUNSON STREET CITY: NEW HAVEN STATE: CT ZIP: 06511 BUSINESS PHONE: 2037767776 MAIL ADDRESS: STREET 1: 115 MUNSON STREET CITY: NEW HAVEN STATE: CT ZIP: 06511 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Vassallo Mark F CENTRAL INDEX KEY: 0001297193 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34779 FILM NUMBER: 161754006 MAIL ADDRESS: STREET 1: COLLEGIATE FUNDING SERVICES STREET 2: 100 RIVERSIDE PARKWAY CITY: FREDERICKSBURG STATE: VA ZIP: 22406 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: LY Holdings, LLC CENTRAL INDEX KEY: 0001596820 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34779 FILM NUMBER: 161754007 BUSINESS ADDRESS: STREET 1: 9 WEST 57TH STREET, 31ST FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 212-328-0555 MAIL ADDRESS: STREET 1: 9 WEST 57TH STREET, 31ST FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Lightyear Fund II GP Holdings, LLC CENTRAL INDEX KEY: 0001478799 STATE OF INCORPORATION: DE FISCAL YEAR END: 1209 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34779 FILM NUMBER: 161754008 BUSINESS ADDRESS: STREET 1: 375 PARK AVENUE, 11TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10152 BUSINESS PHONE: 212-328-0555 MAIL ADDRESS: STREET 1: 375 PARK AVENUE, 11TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10152 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Lightyear Fund II GP, L.P. CENTRAL INDEX KEY: 0001478800 STATE OF INCORPORATION: DE FISCAL YEAR END: 1209 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34779 FILM NUMBER: 161754009 BUSINESS ADDRESS: STREET 1: 375 PARK AVENUE, 11TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10152 BUSINESS PHONE: 212-328-0555 MAIL ADDRESS: STREET 1: 375 PARK AVENUE, 11TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10152 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: LIGHTYEAR FUND II, L.P. CENTRAL INDEX KEY: 0001401516 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34779 FILM NUMBER: 161754010 BUSINESS ADDRESS: STREET 1: 9 WEST 57TH STREET STREET 2: 31ST FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 212-328-0555 MAIL ADDRESS: STREET 1: 9 WEST 57TH STREET STREET 2: 31ST FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 FORMER NAME: FORMER CONFORMED NAME: LIGHTYEAR FUND II LP DATE OF NAME CHANGE: 20070531 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2016-07-01 1 0001486800 Higher One Holdings, Inc. ONE 0001401516 LIGHTYEAR FUND II, L.P. 9 WEST 57TH STREET, 31ST FLOOR NEW YORK NY 10019 0 0 1 0 0001478800 Lightyear Fund II GP, L.P. 9 WEST 57TH STREET, 31ST FLOOR NEW YORK NY 10019 0 0 1 0 0001478799 Lightyear Fund II GP Holdings, LLC 9 WEST 57TH STREET, 31ST FLOOR NEW YORK NY 10019 0 0 1 0 0001596820 LY Holdings, LLC 9 WEST 57TH STREET, 31ST FLOOR NEW YORK NY 10019 0 0 1 0 0001297193 Vassallo Mark F 9 WEST 57TH STREET, 31ST FLOOR NEW YORK NY 10019 0 0 1 0 Common Stock 2016-07-01 4 S 0 802437 5.11 D 5844523 D Common Stock 2016-07-01 4 S 0 4276 5.11 D 31148 I See Footnote Common Stock 2016-07-05 4 S 0 3663410 5.10 D 2181113 D Common Stock 2016-07-05 4 S 0 19524 5.10 D 11624 I See Footnote Common Stock 18903 D Common Stock 14834 I See Footnote The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.11 to $5.12, inclusive. The reporting persons undertake to provide to Higher One Holdings, Inc., any security holder of Higher One 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 ranges set forth in footnotes (1) and (4) to this Form 4. The shares are held directly by Lightyear Fund II, L.P. The shares are held directly by Lightyear Co-Invest Partnership II, L.P. The general partner of Lightyear Co-Invest Partnership II, L.P. is Lightyear Fund II GP Holdings, LLC. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.10 to $5.115, inclusive. The general partner of Lightyear Fund II, L.P. is Lightyear Fund II GP, L.P. The general partner of Lightyear Fund II GP, L.P. is Lightyear Fund II GP Holdings, LLC. The managing member of Lightyear Fund II GP Holdings, LLC is LY Holdings, LLC. The managing member of LY Holdings, LLC is Mr. Mark F. Vassallo. The shares are held directly by Mark F. Vassallo. The shares are held directly by Lightyear Capital II, LLC. Lightyear Capital LLC is the sole member of Lightyear Capital II, LLC. The managing member of Lightyear Capital LLC is Mr. Mark F. Vassallo. Pursuant to Rule 16a-1(a)(2)(ii)(B) under the Securities Exchange Act of 1934, as amended (the "Act"), each of the Reporting Persons may be deemed to be the beneficial owner of the securities reported herein only to the extent of his or its pecuniary interest therein. Pursuant to Rule 16a-1(a)(4) under the Act, this filing shall not be deemed an admission that any of the Reporting Persons is, for purposes of Section 16 of the Act or otherwise, the beneficial owner of any securities reported herein in excess of such amount. Exhibit 24 - Limited Power of Attorney LIGHTYEAR FUND II, L.P., By: Lightyear Fund II GP, L.P., its general partner, By: Lightyear Fund II GP Holdings, LLC, its general partner, By: /s/ Ellan Ben-Hayon, Name: Ellan Ben-Hayon, Title: Vice President 2016-07-06 LIGHTYEAR FUND II GP, L.P., By: Lightyear Fund II GP Holdings, LLC, its general partner, By: /s/ Ellan Ben-Hayon, Name: Ellan Ben-Hayon, Title: Vice President 2016-07-06 LIGHTYEAR FUND II GP HOLDINGS, LLC, By: LY Holdings, LLC,By: /s/ Ellan Ben-Hayon, Name: Ellan Ben-Hayon, Title: Vice President 2016-07-06 LY HOLDINGS, LLC, By: /s/ Ellan Ben-Hayon, Name: Ellan Ben-Hayon, Title: Vice President 2016-07-06 MARK F. VASSALLO, /s/ Ellan Ben-Hayon, By: Ellan Ben-Hayon, Attorney-in-Fact 2016-07-06 EX-24 2 attachment1.htm EX-24 DOCUMENT

                                                                      Exhibit 24

                           LIMITED POWER OF ATTORNEY

Know all men by these presents that Mark F. Vassallo does hereby make,
constitute and appoint each of Ellan Ben- Hayon and Lori Forlano as a true and
lawful attorney-in-fact of the undersigned with full powers of substitution and
revocation, for and in the name, place and stead of the undersigned (both in the
undersigned's individual capacity and as a member of any limited liability
company or as a partner of any partnership for which the undersigned is
otherwise authorized to sign), to execute and deliver such forms as may be
required to be filed from time to time with the Securities and Exchange
Commission with respect to: (i) Sections 13(d) and 13(g) and 16(a) of the
Securities Exchange Act of 1934, as amended (the "Act"), including without
limitation, Schedule 13D, Schedule 13G, statements on Form 3, Form 4 and Form 5,
(ii) Form 13H and (iii) in connection with any applications for EDGAR access
codes, including without limitation the Form ID.




By:   /s/ Mark F. Vassallo
      ----------------------------------
Name: Mark F. Vassallo
Date: July 15, 2015