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RingCentral, Inc. — Director's Dealing 2013
Sep 30, 2013
31440_dirs_2013-09-30_cabeba51-b81f-4d8d-95ce-2d4b8561599f.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: Marlow John H (SVP & General Counsel)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2013-09-26 | Common Stock | J | 450000 | — | Disposed | 0 | Direct |
| 2013-09-26 | Common Stock | J | 12500 | — | Disposed | 0 | Indirect |
| 2013-09-26 | Common Stock | J | 12500 | — | Disposed | 0 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2013-09-26 | Class B Common Stock | $ | J | 450000 | Acquired | Class A Common Stock (450000) | Direct | |
| 2013-09-26 | Class B Common Stock | $ | J | 12500 | Acquired | Class A Common Stock (12500) | Indirect | |
| 2013-09-26 | Class B Common Stock | $ | J | 12500 | Acquired | Class A Common Stock (12500) | Indirect | |
| 2013-09-26 | Employee Stock Option (right to buy) | $0.99 | J | 46573 | Disposed | 2018-04-16 | Class B Common Stock (46573) | Direct |
| 2013-09-26 | Employee Stock Option (right to buy) | $0.99 | J | 46573 | Acquired | 2018-04-16 | Class B Common Stock (46573) | Direct |
| 2013-09-26 | Employee Stock Option (right to buy) | $0.99 | J | 121550 | Disposed | 2019-02-13 | Class B Common Stock (121550) | Direct |
| 2013-09-26 | Employee Stock Option (right to buy) | $0.99 | J | 121550 | Acquired | 2019-02-13 | Class B Common Stock (121550) | Direct |
| 2013-09-26 | Employee Stock Option (right to buy) | $2.73 | J | 115000 | Disposed | 2022-03-02 | Class B Common Stock (115000) | Direct |
| 2013-09-26 | Employee Stock Option (right to buy) | $2.73 | J | 115000 | Acquired | 2022-03-02 | Class B Common Stock (115000) | Direct |
| 2013-09-26 | Employee Stock Option (right to buy) | $10.42 | J | 80000 | Disposed | 2023-06-12 | Class B Common Stock (80000) | Direct |
| 2013-09-26 | Employee Stock Option (right to buy) | $10.42 | J | 80000 | Acquired | 2023-06-12 | Class B Common Stock (80000) | Direct |
Footnotes
F1: 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.
F2: Shares held in a trust for the benefit of the Reporting Person's children. The Reporting Person and his spouse are co-trustees of this trust.
F3: 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 share (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).
F4: Pursuant to a reclassification exempt under Rule 16b-7, each share of Common Stock underlying the reported option automatically converted into one share of Class B Common Stock on September 26, 2013.
F5: 25% of the shares subject to the option vested on 4/16/2009, and 1/48th of the shares vested each month thereafter over the following 36 months.
F6: 25% of the shares subject to the option vested on 2/13/2010, and 1/48th of the shares vested each month thereafter over the following 36 months.
F7: The option was immediately exercisable on date of grant. 25% of the shares subject to the option vested on 3/2/2013, and 1/48th of the shares vest each month thereafter over the remaining 36 months.
F8: The option was immediately exercisable on date of grant. 25% of the shares subject to the option vest on 6/12/2014, and 1/48th of the shares vest each month thereafter over the remaining 36 months.