Initial Statement of Beneficial Ownership (3)
July 12 2021 - 4:35PM
Edgar (US Regulatory)
FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0104
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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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1. Name and Address of Reporting Person
*
Sixth Street Partners Management Company, L.P. |
2. Date of Event Requiring Statement (MM/DD/YYYY)
7/1/2021
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3. Issuer Name and Ticker or Trading Symbol
Apex Technology Acquisition Corp [AVPT]
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(Last)
(First)
(Middle)
C/O SIXTH STREET PARTNERS, LLC, 2100 MCKINNEY AVENUE, SUITE 1500 |
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
_____ Director ___X___ 10% Owner _____ Officer (give title below) _____ Other (specify below)
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(Street)
DALLAS, TX 75201
(City)
(State)
(Zip)
| 5. If Amendment, Date Original Filed(MM/DD/YYYY)
| 6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Beneficially Owned
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1.Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock | 8736195 (1)(2) | I | Held by Avatar Investment Solutions (A), LLC (3)(8) |
Common Stock | 6844180 (2)(4) | I | Held by Avatar Investment Solutions 1, LLC (5)(8) |
Common Stock | 13632828 (2)(6) | I | Held by Avatar Investment Opportunities, LLC (7)(8) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 4) | 2. Date Exercisable and Expiration Date (MM/DD/YYYY) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) |
Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Explanation of Responses: |
(1) | Includes 213,106 shares of Common Stock that the Reporting Persons have the right to receive if the trading price of the Common Stock reaches certain thresholds (the "Contingent Consideration"). |
(2) | The Contingent Consideration vests in equal thirds if the trading price of Common Stock is greater than or equal to $12.50, $15 and $17.50, respectively, for any 20 trading days within any 30-trading day period (the "Milestones"). If the Milestones are not met by the seventh anniversary of the closing of the issuer's initial public offering, then the unvested Contingent Consideration will be forfeited. |
(3) | These shares are owned directly by Avatar Investment Solutions (A), LLC. Avatar Investment Solutions (A), LLC's managing member is TCS Finance (A), LLC, the managing member of which is TSSP Capital Solutions GenPar, L.P., a Delaware limited partnership. TSSP Capital Solutions GenPar, L.P. is ultimately indirectly controlled by Sixth Street Partners Management Company, L.P., a Delaware limited partnership ("Management Company"). Management Company is managed by its general partner, whose managing member is Alan Waxman. |
(4) | Includes 166,953 shares of Contingent Consideration. |
(5) | These shares are owned directly by Avatar Investment Solutions 1, LLC. Avatar Investment Solutions 1, LLC's managing member is TCS Finance 1, LLC, the manager of which is TSSP Capital Solutions GenPar, L.P. TSSP Capital Solutions GenPar, L.P. is ultimately indirectly controlled by Management Company. Management Company is managed by its general partner, whose managing member is Alan Waxman. |
(6) | Includes 332,552 shares of Contingent Consideration. |
(7) | These shares are owned directly by Avatar Investment Opportunities, LLC. Avatar Investment Opportunities, LLC's managing member is Redwood IV Finance 1, LLC, the managing member of which is TSSP Opportunities GenPar IV, L.P. TSSP Opportunities GenPar IV, L.P. is ultimately indirectly controlled by Management Company. Management Company is managed by its general partner, whose managing member is Alan Waxman. |
(8) | Alan Waxman disclaims beneficial ownership over the reported securities, except to the extent of his pecuniary interest therein. |
Remarks: Exhibit 24 - Authorization and Designation Letter, dated July 12, 2021, by Alan Waxman (incorporated by reference to Exhibit 2 to the Schedule 13D filed with the SEC by the Reporting Persons on July 12, 2021). |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Sixth Street Partners Management Company, L.P. C/O SIXTH STREET PARTNERS, LLC 2100 MCKINNEY AVENUE, SUITE 1500 DALLAS, TX 75201 |
| X |
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Waxman Alan C/O SIXTH STREET PARTNERS, LLC 345 CALIFORNIA STREET, SUITE 3300 SAN FRANCISCO, CA 94104 |
| X |
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Signatures
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Sixth Street Partners Management Company, L.P. By: /s/ David Stiepleman, Authorized Signatory of the GP of Sixth Street Partners Management Company, L.P. | | 7/12/2021 |
**Signature of Reporting Person | Date |
Alan Waxman By: /s/ Joshua Peck, on behalf of Alan Waxman | | 7/12/2021 |
**Signature of Reporting Person | Date |
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