Alliance Data Systems Corporation director just disposed of 1,500,000 shares

Holdings, L.P. Valueact, a director of Alliance Data Systems Corporation, recently disposed of 1,500,000 shares of the company. The disposals took place at $0.00 per share, on April 25, 2019. Valueact still owns 3,707,646 shares of the company. Valueact operates out of San Francisco, CA. Some additional info was provided as follows:

Pursuant to an exchange agreement approved by the Board of Directors of Alliance Data Systems Corporation, 1,500,000 shares of common stock, par value $0.01 per share ("Common Stock") of Alliance Data Systems Corporation, were exchanged for 150,000 shares of Series A Non-Voting Convertible Preferred Stock, par value $0.01 per share. This transaction is exempt under 16b-3. Each reporting person listed herein disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that such person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. The securities reported herein are held by ValueAct Capital Master Fund, L.P. and may be deemed to be indirectly beneficially owned by (i) VA Partners I, LLC as General Partner of ValueAct Capital Master Fund, L.P., (ii) ValueAct Capital Management, L.P. as the manager of ValueAct Capital Master Fund, L.P., (iii) ValueAct Capital Management, LLC as General Partner of ValueAct Capital Management, L.P., (iv) ValueAct Holdings, L.P. as the majority owner of the membership interests of VA Partners I, LLC, (v) ValueAct Holdings II, L.P. as the sole owner of the membership interests of ValueAct Capital Management, LLC and as the majority owner of the limited partnership interests of ValueAct Capital Management, L.P., and (vi) ValueAct Holdings GP, LLC as General Partner of ValueAct Holdings, L.P. and ValueAct Holdings II, L.P. The Nonvoting Preferred Stock is convertible into shares of Common Stock on a ten-for-one basis. The Nonvoting Preferred Stock is convertible into shares of Common Stock immediately upon issuance. The conversion of the Nonvoting Preferred Stock has no expiration date.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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