FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
Zoom Video Communications, Inc. [ ZM ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 04/23/2019 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction 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 | ||||||
Class A Common Stock | 04/23/2019 | C(1) | 622,082 | A | $0.00 | 622,082 | I | By Emergence Capital Partners III, L.P.(2) | ||
Class A Common Stock | 04/23/2019 | S | 622,082 | D | $34.2(3) | 0 | I | By Emergence Capital Partners III, L.P.(2) | ||
Class A Common Stock | 04/23/2019 | C(1) | 75,777 | A | $0.00 | 75,777 | I | By EZP Opportunity, L.P.(4) | ||
Class A Common Stock | 04/23/2019 | S | 75,777 | D | $34.2(3) | 0 | I | By EZP Opportunity, L.P.(4) | ||
Class A Common Stock | 04/23/2019 | C(1) | 214,167 | A | $0.00 | 214,167 | I | By Red Porphyry, LLC(5) | ||
Class A Common Stock | 04/23/2019 | S | 214,167 | D | $34.2(3) | 0 | I | By Red Porphyry, LLC(5) |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction 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 (Month/Day/Year) | 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: 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 | ||||||||
Series A Convertible Preferred Stock | (6) | 04/23/2019 | C(6) | 4,000,000 | (6) | (6) | Class B Common Stock | 4,000,000 | $0.00 | 0 | I | By Emergence Capital Partners III, L.P.(2) | |||
Series C Convertible Preferred Stock | (6) | 04/23/2019 | C(6) | 22,908,848 | (6) | (6) | Class B Common Stock | 22,908,848 | $0.00 | 0 | I | By Emergence Capital Partners III, L.P.(2) | |||
Class B Common Stock | (6) | 04/23/2019 | C | 26,908,848 | (1) | (1) | Class A Common Stock | 26,908,848 | $0.00 | 26,908,848 | I | By Emergence Capital Partners III, L.P.(2) | |||
Class B Common Stock | (1) | 04/23/2019 | C | 622,082 | (1) | (1) | Class A Common Stock | 622,082 | $0.00 | 26,286,766 | I | By Emergence Capital Partners III, L.P.(2) | |||
Series A Convertible Preferred Stock | (6) | 04/23/2019 | C(6) | 324,744 | (6) | (6) | Class B Common Stock | 324,744 | $0.00 | 0 | I | By EZP Opportunity, L.P.(4) | |||
Series D Convertible Preferred Stock | (6) | 04/23/2019 | C(6) | 2,850,724 | (6) | (6) | Class B Common Stock | 2,850,724 | $0.00 | 0 | I | By EZP Opportunity, L.P.(4) | |||
Class B Common Stock | (6) | 04/23/2019 | C | 3,175,468 | (1) | (1) | Class A Common Stock | 3,175,468 | $0.00 | 3,277,836 | I | By EZP Opportunity, L.P.(4) | |||
Class B Common Stock | (1) | 04/23/2019 | C | 75,777 | (1) | (1) | Class A Common Stock | 75,777 | $0.00 | 3,202,059 | I | By EZP Opportunity, L.P.(4) | |||
Series A Convertible Preferred Stock | (6) | 04/23/2019 | C(6) | 98,896 | (6) | (6) | Class B Common Stock | 98,896 | $0.00 | 0 | I | By Red Porphyry, LLC(5) | |||
Class B Common Stock | (6) | 04/23/2019 | C | 98,896 | (1) | (1) | Class A Common Stock | 98,896 | $0.00 | 214,167 | I | By Red Porphyry, LLC(5) | |||
Class B Common Stock | (1) | 04/23/2019 | C | 214,167 | (1) | (1) | Class A Common Stock | 214,167 | $0.00 | 0 | I | By Red Porphyry, LLC(5) |
1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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Explanation of Responses: |
1. Each share of Class B Common Stock is convertible at the option of the Reporting Person into one (1) share of Class A Common Stock, and has no expiration date. Each share of Class B Common Stock will convert automatically into one (1) share of Class A Common Stock upon certain events specified in the Issuer's certificate of incorporation. In connection with the sale of the Class A Common Stock by certain Reporting Persons as reported above, each share of Class B Common Stock converted into Shares held directly by Emergence Capital Partners III, L.P. one (1) share of Class A Common Stock. |
2. Shares held directly by Emergence Capital Partners III, L.P. ("Emergence"). The sole general partner of Emergence is Emergence Equity Partners III, L.P. ("EEP III"), and the sole general partner of EEP III is Emergence GP Partners, LLC ("EGP"). Each of the Reporting Persons on this filing (other than Emergence) disclaims Section 16 beneficial ownership of the shares held by Emergence, except to the extent, if any, of its pecuniary interest therein, and this report shall not be deemed an admission that it is the beneficial owner of such shares for Section 16 or any other purpose. |
3. The Reporting Persons sold shares to the underwriters in connection with the closing of the Issuer's initial public offering. The reported sale price reflects the price at which the Reporting Persons sold shares to the underwriters, which is net of underwriting commissions. |
4. Shares held directly by EZP Opportunity, L.P. ("EZP"). The sole general partner of EZP is EEP III. Each of the Reporting Persons on this filing (other than EZP) disclaims Section 16 beneficial ownership of the shares held by EZP, except to the extent, if any, of its pecuniary interest therein, and this report shall not be deemed an admission that it is the beneficial owner of such shares for Section 16 or any other purpose. |
5. Shares held directly by Red Porphyry, LLC ("Red Porphyry"). Red Porphyry is filing this report solely by virtue of having appointed Emergence as its proxy with respect to the shares held directly by Red Porphyry. Such proxy is irrevocable until the earliest to occur of the six-month anniversary of the IPO (as defined below), the sale of all or substantially all assets of the Issuer, or certain mergers involving the Issuer. Each of the Reporting Persons on this filing (other than Red Porphyry) disclaims Section 16 beneficial ownership of the shares held by Red Porphyry, except to the extent, if any, of its pecuniary interest therein, and this report shall not be deemed an admission that it is the beneficial owner of such shares for Section 16 or any other purpose. |
6. Each share of convertible preferred stock automatically converted into one (1) share of Class B Common Stock immediately prior to the closing of the Issuer's initial public offering of Class A Common Stock (the "IPO"), and had no expiration date. |
Remarks: |
Emergence Capital Partners III, L.P., By: Emergence Equity Partners III, L.P., its sole general partner, By: Emergence GP Partners, LLC, its sole general partner, /s/ Jason Green, Manager | 04/24/2019 | |
Emergence Equity Partners III, L.P., By: Emergence GP Partners, LLC, its sole general partner, /s/ Jason Green, Manager | 04/24/2019 | |
EZP Opportunity, L.P., By: Emergence Equity Partners III, L.P., its sole general partner, By: Emergence GP Partners, LLC, its sole general partner, /s/ Jason Green, Manager | 04/24/2019 | |
Emergence GP Partners, LLC, /s/ Jason Green, Manager | 04/24/2019 | |
Red Porphyry, LLC, By: F. Gregory Milani, Authorized Signatory, /s/ F. Gregory Milani | 04/24/2019 | |
** 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). | ||
** 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 Number. |