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RingCentral, Inc. — Director's Dealing 2019
Mar 15, 2019
31440_dirs_2019-03-14_e22ed4b8-a702-455c-8c8b-1724b38a5265.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: 2019-03-11
Reporting Person: Shmunis Vladimir (Director, CEO & Chairman, 10% Owner)
Reporting Person: Shmunis Sandra (10% Owner)
Reporting Person: ELCA Fund I, LP (10% Owner)
Reporting Person: ELCA Fund II, LP (10% Owner)
Reporting Person: ELCA Fund III, LP (10% Owner)
Reporting Person: ELCA, LLC (10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2019-03-11 | Class A Common Stock | C | 16898 | $0.00 | Acquired | 245623 | Direct |
| 2019-03-11 | Class A Common Stock | S | 1000 | $102.99 | Disposed | 244623 | Direct |
| 2019-03-11 | Class A Common Stock | S | 11834 | $104.22 | Disposed | 232789 | Direct |
| 2019-03-11 | Class A Common Stock | S | 4064 | $105.09 | Disposed | 228725 | Direct |
| 2019-03-12 | Class A Common Stock | C | 16901 | $0.00 | Acquired | 245626 | Direct |
| 2019-03-12 | Class A Common Stock | S | 4107 | $103.99 | Disposed | 241519 | Direct |
| 2019-03-12 | Class A Common Stock | S | 12094 | $105.04 | Disposed | 229425 | Direct |
| 2019-03-12 | Class A Common Stock | S | 700 | $105.53 | Disposed | 228725 | Direct |
| 2019-03-13 | Class A Common Stock | C | 16901 | $0.00 | Acquired | 245626 | Direct |
| 2019-03-13 | Class A Common Stock | S | 8552 | $105.83 | Disposed | 237074 | Direct |
| 2019-03-13 | Class A Common Stock | S | 8349 | $106.49 | Disposed | 228725 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2019-03-11 | Stock Option (right to buy) | $1.10 | M | 4677 | Disposed | 2020-01-18 | Class B Common Stock (4677) | Direct |
| 2019-03-11 | Class B Common Stock | $ | M | 4677 | Acquired | Class A Common Stock (4677) | Direct | |
| 2019-03-11 | Class B Common Stock | $ | C | 4677 | Disposed | Class A Common Stock (4677) | Direct | |
| 2019-03-11 | Stock Option (right to buy) | $6.78 | M | 12221 | Disposed | 2022-09-25 | Class B Common Stock (12221) | Direct |
| 2019-03-11 | Class B Common Stock | $ | M | 12221 | Acquired | Class A Common Stock (12221) | Direct | |
| 2019-03-11 | Class B Common Stock | $ | C | 12221 | Disposed | Class A Common Stock (12221) | Direct | |
| 2019-03-12 | Stock Option (right to buy) | $1.10 | M | 4678 | Disposed | 2020-01-18 | Class B Common Stock (4678) | Direct |
| 2019-03-12 | Class B Common Stock | $ | M | 4678 | Acquired | Class A Common Stock (4678) | Direct | |
| 2019-03-12 | Class B Common Stock | $ | C | 4678 | Disposed | Class A Common Stock (4678) | Direct | |
| 2019-03-12 | Stock Option (right to buy) | $6.78 | M | 12223 | Disposed | 2022-09-25 | Class B Common Stock (12223) | Direct |
| 2019-03-12 | Class B Common Stock | $ | M | 12223 | Acquired | Class A Common Stock (12223) | Direct | |
| 2019-03-12 | Class B Common Stock | $ | C | 12223 | Disposed | Class A Common Stock (12223) | Direct | |
| 2019-03-13 | Stock Option (right to buy) | $1.10 | M | 4678 | Disposed | 2020-01-18 | Class B Common Stock (4678) | Direct |
| 2019-03-13 | Class B Common Stock | $ | M | 4678 | Acquired | Class A Common Stock (4678) | Direct | |
| 2019-03-13 | Class B Common Stock | $ | C | 4678 | Disposed | Class A Common Stock (4678) | Direct | |
| 2019-03-13 | Stock Option (right to buy) | $6.78 | M | 12223 | Disposed | 2022-09-25 | Class B Common Stock (12223) | Direct |
| 2019-03-13 | Class B Common Stock | $ | M | 12223 | Acquired | Class A Common Stock (12223) | Direct | |
| 2019-03-13 | Class B Common Stock | $ | C | 12223 | Disposed | Class A Common Stock (12223) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Class B Common Stock | $ | Class A Common Stock (5893107) | 5893107 | Indirect | |
| Class B Common Stock | $ | Class A Common Stock (7200) | 7200 | Indirect | |
| Class B Common Stock | $ | Class A Common Stock (7200) | 7200 | Indirect | |
| Class B Common Stock | $ | Class A Common Stock (111) | 111 | Indirect |
Footnotes
F1: Each share of Class A Common Stock was issued upon conversion of one share of Class B Common Stock.
F2: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 14, 2018.
F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $102.61 to $103.58, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, 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 footnotes (3) through (10) to this Form 4.
F4: The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $103.66 to $104.65, inclusive.
F5: The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $104.66 to $105.42, inclusive.
F6: The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $103.49 to $104.48, inclusive.
F7: The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $104.49 to $105.48, inclusive.
F8: The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $105.49 to $105.60, inclusive.
F9: The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $105.13 to $106.10, inclusive.
F10: The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $106.13 to $107.11, inclusive.
F11: Shares subject to the option are fully vested and immediately exercisable.
F12: 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 occurrence of certain other specific instances, including the vote of the holders of the Class B Common Stock, as set forth in the issuer's Amended and Restated Certificate of Incorporation.
F13: Vladimir Shmunis and Sandra Shmunis are the managing members of ELCA, LLC. ELCA, LLC is the general partner of ELCA Fund I, L.P., ELCA Fund II, L.P., and ELCA Fund III, L.P. By virtue of this relationship, Mr. Shmunis and Mrs. Shmunis may be deemed to share voting and dispositive power with respect to the shares held by ELCA Fund I, L.P., and certain of the shares held by ELCA Fund II, L.P. and ELCA Fund III, L.P. Each of the Reporting Persons disclaims beneficial ownership of these securities except to the extent of its pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.