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RingCentral, Inc. — Director's Dealing 2013
Sep 30, 2013
31440_dirs_2013-09-30_115271cc-72b3-4007-85d0-a087455c8328.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: RingCentral Inc (RNG)
CIK: 0001384905
Period of Report: 2013-09-26
Reporting Person: Weiden David (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2013-09-26 | Common Stock | C | 92481 | — | Acquired | 92481 | Direct |
| 2013-09-26 | Common Stock | C | 5474 | — | Acquired | 97955 | Direct |
| 2013-09-26 | Common Stock | J | 97955 | — | Disposed | 0 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2013-09-26 | Series A Preferred Stock | $ | C | 92481 | Disposed | Common Stock (92481) | Direct | |
| 2013-09-26 | Series B Preferred Stock | $ | C | 5474 | Disposed | Common Stock (5474) | Direct | |
| 2013-09-26 | Class B Common Stock | $ | J | 97955 | Acquired | Class A Common Stock (97955) | Direct | |
| 2013-09-26 | Stock Option (Right to Buy) | $13 | A | 6730 | Acquired | 2020-09-26 | Class A Common Stock (6730) | Direct |
Footnotes
F1: The Series A Preferred Stock automatically converted into Common Stock on a 1:1 basis upon the effectiveness of the Issuer's registration statement registering Class A Common Stock, and had no expiration date.
F2: The Series B Preferred Stock automatically converted into Common Stock on a 1:1 basis upon the effectiveness of the Issuer's registration statement registering Class A Common Stock, and had no expiration date.
F3: Pursuant to a reclassification exempt under Rule 16b-7, each share of Common Stock automatically converted into one share of Class B Common Stock on September 26, 2013.
F4: Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of Class A Common Stock and has no expiration date. In addition, each share of Class B Common Stock held by a shareholder will convert automatically into one share of Class A Common Stock upon (i) any transfer of such shares (subject to certain exceptions), or (ii) the death of a natural person holding such share. In addition, each share of Class B Common Stock outstanding will convert automatically into one share of Class A Common Stock upon (i) the date specified by the holders of at least 67% of the outstanding shares of Class B Common Stock, (ii) the date on which the number of outstanding shares of Class B Common Stock represents less than 10% of the aggregate combined number of outstanding shares of Class A Common Stock and Class B Common Stock or (iii) the seven-year anniversary of the closing date of the Issuer's initial public offering (subject to certain exceptions).
F5: One-sixth of the shares subject to the option vest on 10/26/2013 and 1/6th will vest on the 26th day of each month thereafter for the following 5 months.