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*
TECHNOLOGY CROSSOVER MANAGEMENT V LLC

(Last) (First) (Middle)
C/O TCMI, INC.
528 RAMONA STREET

(Street)
PALO ALTO CA 94301

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Elevate Credit, Inc. [ ELVT ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) X Other (specify below)
May be part of a 13(g) group
3. Date of Earliest Transaction (Month/Day/Year)
04/10/2017
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 04/10/2017 C 37,055 A (1) 37,055 I TCV V, L.P.(4)
Common Stock 04/10/2017 C 920,537 A (2) 957,593 I TCV V, L.P.(4)
Common Stock 04/10/2017 C 4,931,037 A (2) 5,888,631 I TCV V, L.P.(4)
Common Stock 04/10/2017 P 78,494 A $6.5 5,967,123 I TCV V, L.P.(4)
Common Stock 04/10/2017 C 715 A (1) 715 I TCV Member Fund, L.P.(5)
Common Stock 04/10/2017 C 17,695 A (3) 18,410 I TCV Member Fund, L.P.(5)
Common Stock 04/10/2017 C 98,370 A (3) 116,780 I TCV Member Fund, L.P.(5)
Common Stock 04/10/2017 P 1,506 A $6.5 118,286 I TCV Member Fund, L.P.(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
Series A Preferred Stock (2) 04/10/2017 C 368,215 (2) (2) Common Stock 920,537(1) $0 0 I TCV V, L.P.(4)
Series A Preferred Stock (2) 04/10/2017 C 7,078 (2) (2) Common Stock 17,695(1) $0 0 I TCV Member Fund, L.P.(5)
Series B Preferred Stock (3) 04/10/2017 C 1,972,415 (3) (3) Common Stock 4,931,037(1) $0 0 I TCV V, L.P.(4)
Series B Preferred Stock (3) 04/10/2017 C 39,348 (3) (3) Common Stock 98,370(1) $0 0 I TCV Member Fund, L.P.(5)
1. Name and Address of Reporting Person*
TECHNOLOGY CROSSOVER MANAGEMENT V LLC

(Last) (First) (Middle)
C/O TCMI, INC.
528 RAMONA STREET

(Street)
PALO ALTO CA 94301

(City) (State) (Zip)
1. Name and Address of Reporting Person*
TCV V LP

(Last) (First) (Middle)
C/O TCMI, INC.
528 RAMONA STREET

(Street)
PALO ALTO CA 94301

(City) (State) (Zip)
1. Name and Address of Reporting Person*
TCV Member Fund, L.P.

(Last) (First) (Middle)
C/O TCMI, INC.
528 RAMONA STREET

(Street)
PALO ALTO CA 94301

(City) (State) (Zip)
1. Name and Address of Reporting Person*
HOAG JAY C

(Last) (First) (Middle)
C/O TCMI, INC.
528 RAMONA STREET

(Street)
PALO ALTO CA 94301

(City) (State) (Zip)
1. Name and Address of Reporting Person*
KIMBALL RICK

(Last) (First) (Middle)
C/O TCMI, INC.
528 RAMONA STREET

(Street)
PALO ALTO CA 94301

(City) (State) (Zip)
1. Name and Address of Reporting Person*
DREW JOHN

(Last) (First) (Middle)
C/O TCMI, INC.
528 RAMONA STREET

(Street)
PALO ALTO CA 94301

(City) (State) (Zip)
1. Name and Address of Reporting Person*
REYNOLDS JON Q JR

(Last) (First) (Middle)
C/O TCMI, INC.
528 RAMONA STREET

(Street)
PALO ALTO CA 94301

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Rosenberg John C.

(Last) (First) (Middle)
C/O TCMI, INC.
528 RAMONA STREET

(Street)
PALO ALTO CA 94301

(City) (State) (Zip)
Explanation of Responses:
1. Reflects a 2.5-for-1 forward stock split which became effective on April 10, 2017.
2. The Series A preferred stock converted into issuer common stock on a 1-for-1 basis and has no expiration date.
3. The Series B preferred stock converted into issuer common stock on a 1-for-1 basis and has no expiration date.
4. These securities are directly held by TCV V, L.P. ("TCV V"). Jay C. Hoag, Richard H. Kimball, John L. Drew, and Jon Q. Reynolds are Class A Members (collectively, the "TCM V Members") and John C. Rosenberg is an Assignee of Technology Crossover Management V, L.L.C. ("TCM V") which is the general partner of TCV V. The TCM V Members, Mr. Rosenberg and TCM V may be deemed to beneficially own the securities held by TCV V, but each of the TCM V Members, Mr. Rosenberg and TCM V disclaim beneficial ownership of such securities except to the extent of their pecuniary interest therein.
5. These securities are directly held by TCV Member Fund, L.P. ("TCV Member Fund"). The TCM V Members are Members and Mr. Rosenberg is an Assignee of TCM V, which is a general partner of TCV Member Fund. The TCM V Members and Mr. Rosenberg are also limited partners of TCV Member Fund. The TCM V Members, Mr. Rosenberg and TCM V may be deemed to beneficially own the securities held by TCV Member Fund, but each of the TCM V Members, Mr. Rosenberg and TCM V disclaim beneficial ownership of such securities except to the extent of their pecuniary interest therein.
Remarks:
By: Frederic D. Fenton, Authorized Signatory for Technology Crossover Management V, L.L.C. 04/10/2017
By: Frederic D. Fenton, Authorized Signatory for TCV V, L.P. 04/10/2017
By: Frederic D. Fenton, Authorized Signatory for TCV Member Fund, L.P. 04/10/2017
By: Frederic D. Fenton, Authorized Signatory for Jay C. Hoag 04/10/2017
By: Frederic D. Fenton, Authorized Signatory for Richard H. Kimball 04/10/2017
By: Frederic D. Fenton, Authorized Signatory for John L. Drew 04/10/2017
By: Frederic D. Fenton, Authorized Signatory for Jon Q. Reynolds 04/10/2017
By: Frederic D. Fenton, Authorized Signatory for John C. Rosenberg 04/10/2017
** 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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