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RingCentral, Inc. — Director's Dealing 2014
Mar 13, 2014
31440_dirs_2014-03-13_04634629-a3f8-44db-b101-7acb23492c47.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: 2014-03-11
Reporting Person: Shah Praful (SVP, Strategy)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-03-11 | Class A Common Stock | C | 80000 | $0.00 | Acquired | 90000 | Direct |
| 2014-03-11 | Class A Common Stock | S | 80000 | $20.4788 | Disposed | 10000 | Direct |
| 2014-03-11 | Class A Common Stock | C | 10000 | $0.00 | Acquired | 10000 | Indirect |
| 2014-03-11 | Class A Common Stock | S | 10000 | $20.4788 | Disposed | 0 | Indirect |
| 2014-03-11 | Class A Common Stock | C | 10000 | $0.00 | Acquired | 10000 | Indirect |
| 2014-03-11 | Class A Common Stock | S | 10000 | $20.4788 | Disposed | 0 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-03-11 | Class B Common Stock | $ | C | 80000 | Disposed | Class A Common Stock (80000) | Direct | |
| 2014-03-11 | Class B Common Stock | $ | C | 10000 | Disposed | Class A Common Stock (10000) | Indirect | |
| 2014-03-11 | Class B Common Stock | $ | C | 10000 | Disposed | Class A Common Stock (10000) | 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: 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 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)