Five9, Inc. — Director's Dealing 2017

Mar 8, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Five9, Inc. (FIVN)
CIK: 0001288847
Period of Report: 2017-03-07

Reporting Person: Burkland Michael (Director, CEO, President and Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-03-07	Common Stock	M	625000	$0.12	Acquired	1623253	Direct
2017-03-07	Common Stock	S	625000	$15.80	Disposed	998253	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-03-07	Stock Option (right to buy)	$0.12	M	625000	Disposed	2018-05-20	Common Stock (625000.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	72000	Indirect

Footnotes

F1: Mr. Burkland exercised and sold 625,000 shares under an expiring 10 year option that was granted in May 2008, and which prior to this exercise, covered a total of 769,496 shares. Mr. Burkland's use of proceeds includes payment of the exercise price and satisfaction of required withholding taxes incurred in connection with the option exercise. Following this transaction, Mr. Burkland holds a total of 2,643,236 vested and unvested shares, RSUs and options.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.80 to $16.63, inclusive. The reporting person undertakes to provide Five9, Inc., any security holder of Five9, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

F3: Original option grant was for 1,981,496 shares. Option began vesting with respect to 25% of shares subject to the option one year after January 24, 2008, and with respect to the remaining 75% of the shares subject to the option in 36 equal monthly installments thereafter.