Life Time director-linked fund shifts 853K shares
After LTH’s Form 4, entities linked to Danha kl were reported to hold 2,175,566 shares indirectly for Section 16 purposes.
Rhea-AI Filing Summary
Life Time Group Holdings, Inc. (LTH) had a Form 4 filed by director John G. Danhakl reporting an internal reallocation of common stock involving affiliated investment entities. An entity associated with him, Green LTF Holdings II LP, made a pro rata in-kind distribution of 853,884 shares of Life Time common stock to certain of its limited partners for no consideration, which is reported as an indirect disposition. After this transaction, entities associated with him held 2,175,566 shares indirectly, while he also reported 222,923 shares held directly, including shares received from the distribution that were exempt from Section 16 reporting under Rule 16a-9 and Rule 16a-13.
Danha kl may be deemed an indirect beneficial owner of the shares held by Green LTF Holdings II LP, LGP Associates VI-A LLC, and LGP Associates VI-B LLC for Section 16 purposes, but he disclaims beneficial ownership except to the extent of his pecuniary interest in those securities.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock F1, F2, F3 | 853,884 | $0.00 | $0.00 |
| holding | Common Stock F4 | -- | -- | -- |
Footnotes (4)
- F1. Represents 853,884 shares of the Issuer's Common Stock, par value $0.01 per share (the "Common Stock") distributed by Green LTF Holdings II LP ("Green LTF") to certain of its limited partners for no consideration in a pro rata in-kind distribution.
- F2. Represents shares of Common Stock owned by Green LTF, LGP Associates VI-A LLC ("Associates VI-A"), and LGP Associates VI-B LLC ("Associates VI-B"). Of the shares of Common Stock reported, 2,120,333 shares are owned by Green LTF, 5,037 shares are owned by Associates VI-A, and 50,206 shares are owned by Associates VI-B.
- F3. Mr. Danhakl directly (whether through ownership or position) or indirectly through one or more intermediaries, may be deemed for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, to be the indirect beneficial owner of the securities owned by Green LTF, Associates VI-A, and Associates VI-B. Mr. Danhakl disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein and this report shall not be deemed an admission that he is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- F4. Includes shares that were previously held indirectly pursuant to the distribution by the Green LTF, described in footnote 1 herein, receipt of which was exempt from Section 16 of the Exchange Act pursuant to Rule 16a-9 and Rule 16a-13 thereunder.
Key Figures
Key Terms
pro rata in-kind distribution financial
indirect beneficial owner regulatory
pecuniary interest financial
Rule 16a-9 regulatory
Rule 16a-13 regulatory
FAQ
What did the Form 4 report for Life Time Group Holdings, Inc. (LTH)?
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