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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Tier Reit, Inc. | NYSE:TIER | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 28.88 | 0 | 01:00:00 |
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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OMB APPROVAL
OMB Number: 3235-0287 Expires: February 28, 2011 Estimated average burden hours per response... 0.5 |
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Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 |
|
1. Name and Address of Reporting Person
*
Discovery Group I, LLC |
2. Issuer Name
and
Ticker or Trading Symbol
TIER TECHNOLOGIES INC [ TIER ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __ X __ 10% Owner _____ Officer (give title below) _____ Other (specify below) |
191 N. WACKER DRIVE SUITE 1685, |
3. Date of Earliest Transaction
(MM/DD/YYYY)
|
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CHICAGO, IL 60606 |
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
___ Form filed by One Reporting Person _ X _ 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 | ||||||
Common Stock | 3/4/2009 | P | 169400 (1) | A | $5.2979 (3) | 2126963 | I | By Discovery Equity Partners, L.P. (1) | ||
Common Stock | 3/4/2009 | P | 30600 (2) | A | $5.2979 (3) | 2157563 | I | By Pleiades Investment Partners - D, L.P. (2) | ||
Common Stock | 3/5/2009 | P | 103993 (1) | A | $5.292 (4) | 2261556 | I | By Discovery Equity Partners, L.P. (1) | ||
Common Stock | 3/5/2009 | P | 18785 (2) | A | $5.292 (4) | 2280341 | I | By Pleiades Investment Partners - D, L.P. (2) | ||
Common Stock | 3/6/2009 | P | 10261 (1) | A | $5.5288 (5) | 2290602 | I | By Discovery Equity Partners, L.P. (1) | ||
Common Stock | 3/6/2009 | P | 1853 (2) | A | $5.5288 (5) | 2292455 | I | By Pleiades Investment Partners - D, L.P. (2) |
Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) |
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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 |
Explanation of Responses: | |
( 1) | Discovery Group I, LLC is the General Partner of Discovery Equity Partners, L.P., which is a discretionary client of the reporting person, that owns the reported securities. The reporting person disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein. |
( 2) | Discovery Group I, LLC is an investment manager for Pleiades Investment Partners - D, L.P., which is a discretionary client of the reporting person, that owns the reported securities. The reporting person disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein. |
( 3) | This transaction was executed in multiple trades at prices ranging from $4.88 to $5.475. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected." |
( 4) | This transaction was executed in multiple trades at prices ranging from $4.925 to $5.35. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected." |
( 5) | This transaction was executed in multiple trades at prices ranging from $5.095to $5.60. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected." |
Remarks:
Michael R. Murphy and Daniel J. Donoghue are managing members of Discovery Group I, LLC, and each disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. |
Reporting Owners
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Reporting Owner Name / Address |
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Director | 10% Owner | Officer | Other | ||
Discovery Group I, LLC
191 N. WACKER DRIVE SUITE 1685 CHICAGO, IL 60606 |
|
X |
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Donoghue Daniel J
C/O DISCOVERY GROUP I, LLC 191 N. WACKER DRIVE SUITE 1685 CHICAGO, IL 60606 |
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X |
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Murphy Michael R
C/O DISCOVERY GROUP I, LLC 191 N. WACKER DRIVE SUITE 1685 CHICAGO, IL 60606 |
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X |
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Signatures
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Michael R. Murphy, Managing Member | 3/6/2009 | |
** Signature of Reporting Person |
Date
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Daniel J. Donoghue | 3/6/2009 | |
** Signature of Reporting Person |
Date
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Michael R. Murphy | 3/6/2009 | |
** Signature of Reporting Person |
Date
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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). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
Note: | File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. |
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
1 Year Tier Reit Inc. Chart |
1 Month Tier Reit Inc. Chart |
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