SEC Form 4

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	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	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* Subotovsky Santiago (Last) (First) (Middle) 160 BOVET ROAD, SUITE 300 (Street) SAN MATEO CA 94402 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol Zoom Video Communications, Inc. [ ZM ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner Officer (give title below) Other (specify below)
	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) 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. 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	See footnote(2)
Class A Common Stock	04/23/2019		S		622,082	D	$34.2(3)	0	I	See footnote(2)
Class A Common Stock	04/23/2019		C(1)		75,777	A	$0.00	75,777	I	See footnote(4)
Class A Common Stock	04/23/2019		S		75,777	D	$34.2(3)	0	I	See footnote(4)
Class A Common Stock	04/23/2019		C(1)		214,167	A	$0.00	214,167	I	See footnote(5)
Class A Common Stock	04/23/2019		S		214,167	D	$34.2(3)	0	I	See footnote(5)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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	See footnote(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	See footnote(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	See footnote(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	See footnote(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	See footnote(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	See footnote(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	See footnote(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	See footnote(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	See footnote(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	See footnote(5)
Class B Common Stock	(1)	04/23/2019		C			214,167	(1)	(1)	Class A Common Stock	214,167	$0.00	0	I	See footnote(5)

Explanation of Responses:

1. Each share of Class B Common Stock is convertible at the option of the holder 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 as reported above, each share of Class B Common Stock converted into 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"). The Reporting Person is a member of EEP III. The Reporting Person disclaims Section 16 beneficial ownership of the shares held by Emergence, except to the extent, if any, of his pecuniary interest therein, and this report shall not be deemed an admission that he is the beneficial owner of such shares for Section 16 or any other purpose.

3. Emergence, EZP (as defined below), and Red Porphyry (as defined below) 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 Emergence, EZP, and Red Porphyry 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. The Reporting Person disclaims Section 16 beneficial ownership of the shares held by EZP, except to the extent, if any, of his pecuniary interest therein, and this report shall not be deemed an admission that he 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. The Reporting Person disclaims Section 16 beneficial ownership of the shares held by Red Porphyry, except to the extent, if any, of his pecuniary interest therein, and this report shall not be deemed an admission that he 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:

	/s/ Aparna Bawa, Attorney-in-Fact	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).
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