DOCUSIGN, INC. — Director's Dealing 2018

May 1, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DOCUSIGN INC (DOCU)
CIK: 0001261333
Period of Report: 2018-05-01

Reporting Person: Darling Scott C (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-05-01	Common Stock	C	1987319	—	Acquired	2053078	Indirect
2018-05-01	Common Stock	C	948167	—	Acquired	3001245	Indirect
2018-05-01	Common Stock	C	4729005	—	Acquired	7730250	Indirect
2018-05-01	Common Stock	C	855646	—	Acquired	8585896	Indirect
2018-05-01	Common Stock	C	942427	—	Acquired	9528323	Indirect
2018-05-01	Common Stock	C	170295	—	Acquired	9698618	Indirect
2018-05-01	Common Stock	S	495547	$29.00	Disposed	9203071	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-05-01	Series A Preferred Stock	$	C	1944674	Disposed		Common Stock (1987319)	Indirect
2018-05-01	Series A-1 Preferred Stock	$	C	948167	Disposed		Common Stock (948167)	Indirect
2018-05-01	Series B Preferred Stock	$	C	4729005	Disposed		Common Stock (4729005)	Indirect
2018-05-01	Series B-1 Preferred Stock	$	C	855646	Disposed		Common Stock (855646)	Indirect
2018-05-01	Series C Preferred Stock	$	C	942427	Disposed		Common Stock (942427)	Indirect
2018-05-01	Series D Preferred Stock	$	C	170295	Disposed		Common Stock (170295)	Indirect

Footnotes

F1: Each share of Series A Preferred Stock converted into 1.02192925205 shares of common stock upon the closing of the Issuer's initial public offering. The shares had no expiration date.

F2: The shares are owned directly by Frazier Technology Ventures II, L.P. ("Frazier"). Frazier's sole general partner is FTVM II, L.P. ("FTVM II") and FTVM II's sole general partner is Frazier Technology Management, L.L.C. ("Frazier Tech Management"). Scott Darling is a managing member of Frazier Tech Management. The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for Section 16 or any other purpose.

F3: Each share of Series A-1 Preferred Stock, Series B Preferred Stock, Series B-1 Preferred Stock, Series C Preferred Stock and Series D Preferred Stock converted into one share of common stock upon the closing of the Issuer's initial public offering. The shares had no expiration date.

F4: The shares were held by Frazier. Frazier's sole general partner is FTVM II and FTVM II's sole general partner is Frazier Tech Management. Scott Darling is a managing member of Frazier Tech Management. The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for Section 16 or any other purpose.