BOX INC — Director's Dealing 2020

Jul 11, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BOX INC (BOX)
CIK: 0001372612
Period of Report: 2020-07-09

Reporting Person: Levie Aaron (Director, Chief Executive Officer, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-07-09	Class A Common Stock	S	215000	$21.0203	Disposed	2354566	Direct
2020-07-10	Class A Common Stock	M	500000	$0.29	Acquired	2854566	Direct
2020-07-10	Class A Common Stock	S	86000	$20.5492	Disposed	2768566	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-07-10	Employee Stock Option (right to buy)	$0.29	M	500000	Disposed	2020-07-15	Class A Common Stock (500000)	Direct

Footnotes

F1: The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on April 10, 2020. The sale of these shares was intended primarily to offset the Reporting Person's anticipated tax liability and exercise price in connection with the exercise of stock options set to expire on July 15, 2020.

F2: This sale price represents the weighted average sale price of the shares sold ranging from $20.71 to $21.67 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.

F3: The sale of these shares were intended primarily to offset the Reporting Person's anticipated tax liability and exercise price in connection with the exercise of stock options set to expire on July 15, 2020.

F4: This sale price represents the weighted average sale price of the shares sold ranging from $20.52 to $20.635 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.

F5: The shares subject to the option are fully vested and exercisable.