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*
THAYER EQUITY INVESTORS V LP

(Last) (First) (Middle)
1730 PENNSYLVANIA AVENUE
SUITE 525

(Street)
WASHINGTON DC 20006

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Roadrunner Transportation Systems, Inc. [ RRTS ]
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)
02/14/2019
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
Common Stock 02/14/2019 S 2,000,000(1) D $0.4797 5,801,625(2) D(3)(4)(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
Subscription Rights (right to buy) $0.5 02/14/2019 S 2,500,000(6) 02/01/2019 02/19/2019 Common Stock 57,844,874 $0.0004(7) 5,301,625 D(3)(4)(5)
Subscription Rights (right to buy) $0.5 02/15/2019 S 287,763(8) 02/01/2019 02/19/2019 Common Stock 6,658,256 $0.0001 5,013,862(9) D(3)(4)(5)
1. Name and Address of Reporting Person*
THAYER EQUITY INVESTORS V LP

(Last) (First) (Middle)
1730 PENNSYLVANIA AVENUE
SUITE 525

(Street)
WASHINGTON DC 20006

(City) (State) (Zip)
1. Name and Address of Reporting Person*
TC Roadrunner-Dawes Holdings, L.L.C.

(Last) (First) (Middle)
1730 PENNSYLVANIA AVENUE
SUITE 525

(Street)
WASHINGTON DC 20006

(City) (State) (Zip)
1. Name and Address of Reporting Person*
HCI EQUITY PARTNERS III, L.P.

(Last) (First) (Middle)
1730 PENNSYLVANIA AVENUE
SUITE 525

(Street)
WASHINGTON DC 20006

(City) (State) (Zip)
1. Name and Address of Reporting Person*
TC Sargent Holdings, L.L.C.

(Last) (First) (Middle)
1730 PENNSYLVANIA AVENUE
SUITE 525

(Street)
WASHINGTON DC 20006

(City) (State) (Zip)
1. Name and Address of Reporting Person*
HCI CO-INVESTORS III, L.P.

(Last) (First) (Middle)
1730 PENNSYLVANIA AVENUE
SUITE 525

(Street)
WASHINGTON DC 20006

(City) (State) (Zip)
1. Name and Address of Reporting Person*
TC Co-Investors V, LLC

(Last) (First) (Middle)
1730 PENNSYLVANIA AVENUE
SUITE 525

(Street)
WASHINGTON DC 20006

(City) (State) (Zip)
1. Name and Address of Reporting Person*
HC EQUITY PARTNERS V, L.L.C.

(Last) (First) (Middle)
1730 PENNSYLVANIA AVENUE
SUITE 525

(Street)
WASHINGTON DC 20006

(City) (State) (Zip)
1. Name and Address of Reporting Person*
HCI EQUITY MANAGEMENT, L.P.

(Last) (First) (Middle)
1730 PENNSYLVANIA AVENUE
SUITE 525

(Street)
WASHINGTON DC 20006

(City) (State) (Zip)
1. Name and Address of Reporting Person*
HCI EQUITY PARTNERS, L.L.C.

(Last) (First) (Middle)
1730 PENNSYLVANIA AVENUE
SUITE 525

(Street)
WASHINGTON DC 20006

(City) (State) (Zip)
1. Name and Address of Reporting Person*
HCI MANAGEMENT III, L.P.

(Last) (First) (Middle)
1730 PENNSYLVANIA AVENUE
SUITE 525

(Street)
WASHINGTON DC 20006

(City) (State) (Zip)
Explanation of Responses:
1. Represents 1,632,975 shares sold by Thayer Equity Investors V, L.P. ("Thayer"); 3,421 shares sold by TC Roadrunner-Dawes Holdings, L.L.C. ("TC Roadrunner"); 3,433 shares sold by TC Sargent Holdings, L.L.C. ("TC Sargent"); 355,024 shares sold by HCI Equity Partners III, L.P. (f/k/a Thayer Hidden Creek Partners II, L.P. ) ("Partners III"); and 5,147 shares sold by HCI Co-Investors III, L.P. (f/k/a THC Co-Investors II, L.P.) ("Co-Investors III").
2. Represents 4,736,955 shares held by Thayer; 9,924 shares held by TC Roadrunner; 9,959 shares held by TC Sargent; 1,029,858 shares held by Partners III; and 14,929 shares held by Co-Investors III.
3. HC Equity Partners V, L.L.C. ("HC Equity") is the general partner of Thayer and HCI Equity Partners, L.L.C. ("HCI Equity Partners") is the managing member of HC Equity. TC Co-Investors V, L.L.C. ("Investors") is the managing member of each of TC Sargent and TC Roadrunner. HCI Equity Management, L.P. ("Management") is the sole manager of Investors, and HCI Equity Partners if the general partner of Management. HCI Management III, L.P. ("HI Management III") is the general partner of Partners III and Co-Investors III, and HCI Equity Partners if the general partner of HCI Management III. As such, HC Equity, Investors, Management, HCI Management III, and HCI Equity Partners may be deemed to be beneficial owners of the securities reported in this Form 4. [CONTINUED IN FOOTNOTE 4]
4. [CONTINUED FROM FOOTNOTE 3] Each of HC Equity, Investors, Management, HCI Management III, and HCI Equity Partners expressly disclaims beneficial ownership of the securities except to the extent of its pecuniary interest therein. The filing of this form should not be deemed an admission that HCI Equity, Investors, Management, HCI Management III, or HCI Equity Partners is, for Section 16 purposes, the beneficial owner of such securities.
5. HC Equity, HCI, Co-Investors, HCI Management III and HCI Equity Partners may be deemed to be beneficial owners of the securities reported in this Form 4. Each of HC Equity, HCI, Co-Investors, HCI Management III, and HCI Equity Partners expressly disclaims beneficial ownership of the securities reported in this Form 4 except to the extent of any pecuniary interest therein. The filing of this form should not be deemed an admission that HC Equity, HCI, Co-Investors, HCI Management III or HCI Equity Partners is, for Section 16 purposes or otherwise, the beneficial owner of such securities.
6. On February 1, 2019, Roadrunner Transportation Systems, Inc. (the "Issuer") commenced a registered rights offering, pursuant to which all holders of common stock at 5:00 p.m. on January 30, 2019 received transferrable subscription rights to purchase their pro rata share of an aggregate of 900,000,000 new shares of the Issuer's common stock (the "Subscription Rights"), or 23.1379497159 shares of common stock per Subscription Right. Represents 2,041,219 Subscription Rights sold by Thayer; 4,276 Subscription Rights sold by TC Roadrunner; 4,291 Subscription Rights sold by TC Sargent; 443,780 Subscription Rights sold by Partners III; and 6,434 Subscription Rights sold by Co-Investors III.
7. The price reported in Column 8 is a weighted average price. 2,000,000 Subscription Rights were sold at a price of $0.0003 per right. 500,000 Subscription Rights were sold at a price of $0.0008 per right.
8. Represents 234,955 Subscription Rights sold by Thayer; 492 Subscription Rights sold by TC Roadrunner; 494 Subscription Rights sold by TC Sargent; 51,081 Subscription Rights sold by Partners III; and 741 Subscription Rights sold by Co-Investors III.
9. Represents 4,093,756 Subscription Rights held by Thayer; 8,577 Subscription Rights held by TC Roadrunner; 8,607 Subscription Rights held by TC Sargent; 890,021 Subscription Rights held by Partners III; and 12,901 Subscription Rights held by Co-Investors III.
Thayer Equity Investors V, L.P. - /s/ Lisa Costello, CFO 02/15/2019
TC Roadrunner-Dawes Holdings, L.L.C. - /s/ Lisa Costello, CFO 02/15/2019
HCI Equity Partners III, L.P. - /s/ Lisa Costello, CFO 02/15/2019
TC Sargent Holdings, L.L.C. - /s/ Lisa Costello, CFO 02/15/2019
HCI Co-Investors III, L.P. - /s/ Lisa Costello, CFO 02/15/2019
TC Co-Investors V, LLC - /s/ Lisa Costello, CFO 02/15/2019
HC Equity Partners V, L.L.C. - /s/ Lisa Costello, CFO 02/15/2019
HCI Equity Management, L.P. - /s/ Lisa Costello, CFO 02/15/2019
HCI Management III, L.P. - /s/ Lisa Costello, CFO 02/15/2019
HCI Equity Partners, L.L.C. - /s/ Lisa Costello, CFO 02/15/2019
** 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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