Unknown - Bessemer Venture Partners
Unknown - Forbion Capital Partners
Unknown - Easton Hunt Capital Partners
(Holdings of less than 1,356,637 were not reported)
The VCs were restricted under the merger agreement from selling shares before May 30, 2011, at which point they were allowed to sell a third. At the end of November 2011 an additional third became unrestricted, with the final third becoming unrestricted on May 30, 2012.
Our armchair experts predicted that the VCs would unload their unrestricted shares just as soon as they could sell at a clear profit, moving the capital into new ventures with explosive growth prospects. They subsequently proclaimed that the VCs had taken advantage of the demand from the Russell 3000 tracker funds in mid-2011 by supplying shares for between $12 and $13.50.
However, our armchair experts are amateurs - whereas the VC fund managers are vastly-experienced professionals, who also know the inside story.