| 1. Name
and Address of Reporting Person * McClain Mark D. |
2. Issuer Name and Ticker or Trading
Symbol Sailpoint Technologies Holdings, Inc. [ SAIL
] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)__X__
Director _____
10% Owner
__X__ Officer (give title
below) _____ Other
(specify below)
CEO and President |
|
(Last)
(First)
(Middle)
11120 FOUR POINTS DRIVE,, SUITE 100 |
3. Date of Earliest Transaction (MM/DD/YYYY)
11/16/2020
|
|
(Street)
AUSTIN, TX 78726
(City)
(State)
(Zip)
|
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
|
6. Individual or Joint/Group Filing
(Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person |
| Explanation of
Responses: |
| (1) |
On November 16, 2020,
pursuant to a plan of disposition adopted by Mr. McClain on June
10, 2020 in accordance with Rule 10b5-1 of the Securities Exchange
Act of 1934 (the "10b5-1 Plan"), Mr. McClain sold 20,000 shares in
a single trade at a price of $42.51 per share. No more than 240,000
shares may be sold in the aggregate under the 10b5-1 Plan, which
terminates no later than July 15, 2021, regardless of whether the
maximum of 240,000 shares in the aggregate have been
sold. |
| (2) |
On November 16, 2020,
pursuant to a plan of disposition adopted by the McClain Charitable
Remainder Unitrust (the "Unitrust") on June 10, 2020 in accordance
with Rule 10b5-1 of the Securities Exchange Act of 1934 (the
"Unitrust 10b5-1 Plan"), the Unitrust sold 30,000 shares in a
single trade at a price of $42.51 per share. No more than 420,000
shares may be sold in the aggregate under the Unitrust 10b5-1 Plan,
which terminates no later than July 15, 2021, regardless of whether
the maximum of 420,000 shares in the aggregate have been
sold. |
| (3) |
Mr. McClain is a co-trustee
for the Unitrust, and he shares investment control over, and may be
deemed to have a pecuniary interest in, the shares held by the
Unitrust. As such, Mr. McClain may be deemed to beneficially own
all of the shares held by the Unitrust; however, Mr. McClain
disclaims beneficial ownership of the shares held by the Unitrust
except to the extent of his pecuniary interest therein. |
| (4) |
On November 16, 2020,
pursuant to a plan of disposition adopted by the McClain RHD 2015
Trust (the "RHD Trust") on June 10, 2020 in accordance with Rule
10b5-1 of the Securities Exchange Act of 1934 (the "RHD 10b5-1
Plan"), the RHD Trust sold 2,000 shares in a single trade at a
price of $42.51 per share. No more than 24,000 shares may be sold
in the aggregate under the RHD 10b5-1 Plan, which terminates no
later than July 15, 2021, regardless of whether the maximum of
24,000 shares in the aggregate have been sold. |
| (5) |
Mr. McClain is a co-trustee
for each of the RHD Trust, McClain ADM 2015 Trust (the "ADM Trust")
and McClain GMM 2015 Trust (the "GMM Trust", and together with the
RHD Trust and the ADM Trust, the "Family Trusts"). The beneficiary
of each of the Family Trusts is an immediate family member of Mr.
McClain's. As such, Mr. McClain may be deemed to beneficially own
all of the shares held by the Family Trusts; however, Mr. McClain
disclaims beneficial ownership of the shares held by the Family
Trusts except to the extent of his pecuniary interest
therein. |
| (6) |
On November 16, 2020,
pursuant to a plan of disposition adopted by the ADM Trust on June
10, 2020 in accordance with Rule 10b5-1 of the Securities Exchange
Act of 1934 (the "ADM 10b5-1 Plan"), the ADM Trust sold 2,000
shares in a single trade at a price of $42.51 per share. No more
than 24,000 shares may be sold in the aggregate under the ADM
10b5-1 Plan, which terminates no later than July 15, 2021,
regardless of whether the maximum of 24,000 shares in the aggregate
have been sold. |
| (7) |
On November 16, 2020,
pursuant to a plan of disposition adopted by the GMM Trust on June
10, 2020 in accordance with Rule 10b5-1 of the Securities Exchange
Act of 1934 (the "GMM 10b5-1 Plan"), the GMM Trust sold 2,000
shares in a single trade at a price of $42.51 per share. No more
than 24,000 shares may be sold in the aggregate under the GMM
10b5-1 Plan, which terminates no later than July 15, 2021,
regardless of whether the maximum of 24,000 shares in the aggregate
have been sold. |
