Statement of Changes in Beneficial Ownership (4)

FORM 4 [ X ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response... 0.5
	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person * Collingsworth Grant W.	2. Issuer Name and Ticker or Trading Symbol SCIQUEST INC [ SQI ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director                      _____ 10% Owner __ X __ Officer (give title below)      _____ Other (specify below) General Counsel/VP Corp. Dev.
(Last)          (First)          (Middle) 3020 CARRINGTON MILL BLVD., SUITE 100	3. Date of Earliest Transaction (MM/DD/YYYY) 7/28/2016
(Street) MORRISVILLE, NC 27560 (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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	$14.39	7/28/2016		D			185000	(1)	4/26/2021	Common Stock	185000	$3.36   (1)	0	D
Stock Option (Right to Buy)	$14.46	7/28/2016		D			41600	(2)	3/9/2022	Common Stock	41600	$3.29   (2)	0	D
Stock Option (Right to Buy)	$16.30	7/28/2016		D			32875	(3)	2/6/2023	Common Stock	32875	$1.45   (3)	0	D
Stock Option (Right to Buy)	$25.01	7/28/2016		D			22970	(4)	2/5/2024	Common Stock	22970	$0.00   (4)	0	D
Restricted Stock Unit	(5)	7/28/2016		D			4034	(6)	(6)	Common Stock	4034	(6)	0	D
Restricted Stock Unit	(5)	7/28/2016		D			3599	(7)	(7)	Common Stock	3599	(7)	0	D
Performance-Based Restricted Stock Unit	(8)	7/28/2016		D			15638	(9)	(9)	Common Stock	15638	(9)	0	D
Restricted Stock Unit	(5)	7/28/2016		D			13119	(10)	(10)	Common Stock	13119	(10)	0	D
Performance-Based Restricted Stock Unit	(8)	7/28/2016		D			17225	(11)	(11)	Common Stock	17225	(11)	0	D
Restricted Stock Unit	(5)	7/28/2016		D			11400	(12)	(12)	Common Stock	11400	(12)	0	D

Explanation of Responses:
( 1)	This option was granted on April 26, 2011, with 25% vesting on April 26, 2012 and the remainder vesting in 36 equal monthly installments, becoming fully exercisable as of April 26, 2015. Pursuant to the Merger Agreement, this option was cancelled in exchange for a cash payment of $621,600, which represents the product of (i) the aggregate number of shares of common stock subject to such vested portion of the option (185,000 shares) and (ii) the excess of the merger consideration of $17.75 per share over the exercise price of the option per share, with such cash payment subject to any required withholding of taxes.
( 2)	This option was granted on March 9, 2012 with respect to 41,600 shares of the Issuer's common stock, with the shares vesting in 48 equal monthly installments thereafter, becoming fully exercisable as of March 9, 2016. Pursuant to the Merger Agreement, this option was cancelled in exchange for a cash payment of $136,864, which represents the product of (i) the aggregate number of shares of common stock subject to such vested portion of the option (41,600 shares) and (ii) the excess of the merger consideration of $17.75 per share over the exercise price of the option per share, with such cash payment subject to any required withholding of taxes.
( 3)	This option was granted on February 6, 2013 with respect to 32,875 shares of the Issuer's common stock, with the shares vesting in 48 equal monthly installments thereafter until February 6, 2017. In connection with the Merger, the vesting of this option was fully accelerated pursuant to the Issuer's Change of Control Severance Plan. Pursuant to the Merger Agreement, this option was cancelled in exchange for a cash payment of $47,668.75, which represents the product of (i) the aggregate number of shares of common stock subject to such vested portion of the option (32,875 shares) and (ii) the excess of the merger consideration of $17.75 per share over the exercise price of the option per share, with such cash payment subject to any required withholding of taxes.
( 4)	This option was granted on February 5, 2014 with respect to 22,970 shares of the Issuer's common stock, with the shares vesting in 48 equal monthly installments thereafter until February 5, 2018. In connection with the Merger, the vesting of this option was fully accelerated pursuant to the Issuer's Change of Control Severance Plan. Pursuant to the Merger Agreement, this option was cancelled and forfeited for no consideration, because the merger consideration of $17.75 per share did not exceed the exercise price of the option per share.
( 5)	The restricted stock units convert into the right to receive an amount in cash equal to the product of (i) the total number of shares subject to such restricted stock unit and (ii) the per share merger consideration, less applicable taxes required to be withheld with respect to such payment.
( 6)	On February 6, 2013, the reporting person was granted 4,034 restricted stock units, with the units vesting in four equal annual installments on each anniversary of the grant date until February 6, 2017. In connection with the Merger, the vesting of these restricted stock units were fully accelerated pursuant to the Issuer's Change of Control Severance Plan. Pursuant to the Merger Agreement, the restricted stock units were cancelled in exchange for a cash payment of $71,603.50, which represents the product of (i) the aggregate number of shares of common stock subject to such restricted stock units (4,034 shares) and (ii) the merger consideration of $17.75 per share, with such cash payment subject to any required withholding of taxes.
( 7)	On February 5, 2014, the reporting person was granted 3,599 restricted stock units, with the units vesting in four equal annual installments on each anniversary of the grant date until February 5, 2018. In connection with the Merger, the vesting of these restricted stock units were fully accelerated pursuant to the Issuer's Change of Control Severance Plan. Pursuant to the Merger Agreement, the restricted stock units were cancelled in exchange for a cash payment of $63,882.25, which represents the product of (i) the aggregate number of shares of common stock subject to such restricted stock units (3,599 shares) and (ii) the merger consideration of $17.75 per share, with such cash payment subject to any required withholding of taxes.
( 8)	The performance-based restricted stock units convert into the right to receive an amount in cash equal to the product of (i) the total number of shares subject to such performance-based restricted stock unit based on actual achievement of the applicable performance metrics through the day immediately preceding the effective date of the Merger and (ii) the per share merger consideration, less applicable taxes required to be withheld with respect to such payment.
( 9)	On March 18, 2015, the reporting person was granted 13,119 performance-based restricted stock units. Pursuant to the terms of the agreement governing the performance-based restricted stock, at the effective time of the Merger, 15,638 performance-based restricted stock units were immediately deemed earned based on achievement of performance metrics ("Earned Units"). Pursuant to the Merger Agreement, the Earned Units were cancelled in exchange for an aggregate cash payment of $277,572, subject to certain conditions and payable in accordance with the terms set forth in the agreement governing the performance-based restricted stock, which represents the product of (i) the aggregate number of shares of common stock subject to such Earned Units (15,638 shares) and (ii) the merger consideration of $17.75 per share, subject to required withholding of taxes. The unearned performance-based restricted stock units were cancelled and forfeited for no consideration pursuant to the Merger Agreement.
( 10)	(10) On March 18, 2015, the reporting person was granted 13,119 restricted stock units, with the units vesting in four equal annual installments on each anniversary of the grant date until March 18, 2019. In connection with the Merger, the vesting of these restricted stock units were fully accelerated pursuant to the Issuer's Change of Control Severance Plan. Pursuant to the Merger Agreement, the restricted stock units were cancelled in exchange for a cash payment of $232,862.25, which represents the product of (i) the aggregate number of shares of common stock subject to such restricted stock units (13,119 shares) and (ii) the merger consideration of $17.75 per share, with such cash payment subject to any required withholding of taxes.
( 11)	On February 18, 2016, the reporting person was granted 11,400 performance-based restricted stock units. Pursuant to the terms of the agreement governing the performance-based restricted stock, at the effective time of the Merger, 17,225 performance-based restricted stock units were immediately deemed Earned Units. Pursuant to the Merger Agreement, the Earned Units were cancelled in exchange for an aggregate cash payment of $305,751, subject to certain conditions and payable in accordance with the terms set forth in the agreement governing the performance-based restricted stock, which represents the product of (i) the aggregate number of shares of common stock subject to such Earned Units (17,225 shares) and (ii) the merger consideration of $17.75 per share, subject to required withholding of taxes. The unearned performance-based restricted stock units were cancelled and forfeited for no consideration pursuant to the Merger Agreement
( 12)	On February 18, 2016, the reporting person was granted 11,400 restricted stock units, with the units vesting in four equal annual installments on each anniversary of the grant date until February 18, 2020. In connection with the Merger, the vesting of these restricted stock units were fully accelerated pursuant to the Issuer's Change of Control Severance Plan. Pursuant to the Merger Agreement, the restricted stock units were cancelled in exchange for a cash payment of $202,350, which represents the product of (i) the aggregate number of shares of common stock subject to such restricted stock units (11,400 shares) and (ii) the merger consideration of $17.75 per share, with such cash payment subject to any required withholding of taxes.

Remarks: On July 28, 2016, the Issuer became a wholly owned subsidiary of SciQuest Parent, LLC (f/k/a AKKR Green Parent, LLC) pursuant to the merger (the "Merger") effected in connection with that certain Agreement and Plan of Merger, dated May 30, 2016, by and among the Issuer, SciQuest Parent, LLC and AKKR Green Merger Sub, Inc. (the "Merger Agreement").

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Collingsworth Grant W. 3020 CARRINGTON MILL BLVD. SUITE 100 MORRISVILLE, NC 27560			General Counsel/VP Corp. Dev.

Signatures
/s/ Grant W. Collingsworth		7/29/2016
** Signature of Reporting Person		Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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