AI assistant
RingCentral, Inc. — Director's Dealing 2014
Mar 13, 2014
31440_dirs_2014-03-13_73f204ed-9a45-4c18-8727-cedd89c1d1cd.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: RingCentral Inc (RNG)
CIK: 0001384905
Period of Report: 2014-03-11
Reporting Person: Marlow John H (SVP & General Counsel)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-03-11 | Class A Common Stock | C | 100000 | $0.00 | Acquired | 110000 | Direct |
| 2014-03-11 | Class A Common Stock | S | 100000 | $20.4788 | Disposed | 10000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-03-11 | Stock Option (Right to Buy) | $.99 | M | 33334 | Disposed | 2018-04-16 | Class B Common Stock (33334) | Direct |
| 2014-03-11 | Class B Common Stock | $ | M | 33334 | Acquired | Class A Common Stock (33334) | Direct | |
| 2014-03-11 | Class B Common Stock | $ | C | 100000 | Disposed | Class A Common Stock (100000) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Class B Common Stock | $ | Class A Common Stock (12500) | 12500 | Indirect | |
| Class B Common Stock | $ | Class A Common Stock (12500) | 12500 | Indirect |
Footnotes
F1: Each share of Class A Common Stock was issued upon conversion of one share of Class B Common Stock. The Reporting Person sold shares to the Underwriters in connection with the sale of shares of Class A Common Stock by the Reporting Person in the Issuer's public offering.
F2: 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.
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 such share (subject to certain exceptions), or (ii) the death of a natural person holding such share.
F4: 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: 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.