DOCUSIGN, INC. — Director's Dealing 2020

Sep 17, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DOCUSIGN, INC. (DOCU)
CIK: 0001261333
Period of Report: 2020-09-15

Reporting Person: Springer Daniel D. (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-09-15	Common Stock	M	145534	—	Acquired	1711091	Direct
2020-09-15	Common Stock	F	74657	$202.95	Disposed	1636434	Direct
2020-09-15	Common Stock	G	10926	—	Disposed	1590232	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-09-15	Restricted Stock Units	$	M	125058	Disposed		Common Stock (125058.0)	Direct
2020-09-15	Restricted Stock Units	$	M	6718	Disposed		Common Stock (6718.0)	Direct
2020-09-15	Restricted Stock Units	$	M	5382	Disposed		Common Stock (5382.0)	Direct
2020-09-15	Restricted Stock Units	$	M	3337	Disposed		Common Stock (3337.0)	Direct
2020-09-15	Performance Stock Units	$0.0	M	5039	Disposed		Common Stock (5039.0)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Performance Stock Units	$0.0		Common Stock (35276.0)	35276	Direct

Footnotes

F1: The total shares reported as directly held in Table I, Column 5 of this Form 4 reflect a decrease of 35,276 shares representing unvested performance stock units that were previously reported in Table I. These performance stock units are now reported in Table II of this Form 4.

F2: Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock of the Issuer upon vesting.

F3: Twenty-five percent of the total RSUs granted vested on January 11, 2018, and the balance of the RSUs shall vest in twelve equal quarterly installments until fully vested on January 11, 2021, in each case subject to the Reporting Person being a service provider through each such date.The RSUs are subject to accelerated vesting in the event of a termination of employment of the Reporting Person including under certain circumstances following a change in control of the Issuer.

F4: The RSUs do not expire; they either vest or are canceled prior to vesting date.

F5: The RSUs will vest in sixteen equal quarterly installments over four years, with a vesting commencement date of May 10, 2018, in each case subject to the Reporting Person being a service provider through each such date.The RSUs are subject to accelerated vesting in the event of a termination of employment of the Reporting Person including under certain circumstances following a change in control of the Issuer.

F6: The RSUs will vest in sixteen equal quarterly installments over four years, with a vesting commencement date of May 10, 2019, in each case subject to the Reporting Person being a service provider through each such date.The RSUs are subject to accelerated vesting in the event of a termination of employment of the Reporting Person including under certain circumstances following a change in control of the Issuer.

F7: The RSUs will vest in sixteen equal quarterly installments over four years, with a vesting commencement date of June 10, 2020, in each case subject to the Reporting Person being a service provider through such date.The restricted stock units are subject to accelerated vesting in the event of a termination of employment of the Reporting Person including under certain circumstances following achange in control of the Issuer.

F8: Represents shares issuable on settlement of performance stock units ("PSUs") granted to the Reporting Person. Each PSU represents a contingent right to receive one share of Issuer's Common Stock. The PSUs vest subject to the achievement of certain performance conditions involving the Issuer's stock price, subject to Reporting Person's continued service with the Issuer through each such vesting date.

F9: Represents shares issuable on settlement of performance stock units ("PSUs") granted to the Reporting Person. Each PSU represents a contingent right to receive one share of Issuer's Common Stock. The PSUs began vesting upon the achievement of specified performance metrics achieved during the Issuer's fiscal year ending January 31, 2019. Twenty-five percent of the PSUs vested on April 22, 2019, and the balance of the PSUs shall vest in twelve equal quarterly installments starting May 10, 2019, in each case subject to the Reporting Person's continued service with the Issuer through each such vesting date.