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UPWORK, INC — Director's Dealing 2018
Oct 2, 2018
31644_dirs_2018-10-02_8a8a5601-dc5f-4631-b998-6b7900ae623f.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: Upwork Inc. (UPWK)
CIK: 0001627475
Period of Report: 2018-10-02
Reporting Person: Kasriel Stephane (Director, President & CEO)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 201848 | Direct |
| Common Stock | 18152 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Option (right to buy) | $2.76 | 2024-04-06 | Common Stock (18450) | Direct | |
| Employee Stock Option (right to buy) | $2.76 | 2024-04-06 | Common Stock (572741) | Direct | |
| Employee Stock Option (right to buy) | $2.76 | 2024-06-23 | Common Stock (831) | Direct | |
| Employee Stock Option (right to buy) | $3.04 | 2022-06-24 | Common Stock (595432) | Direct | |
| Employee Stock Option (right to buy) | $3.04 | 2023-10-30 | Common Stock (18450) | Direct | |
| Employee Stock Option (right to buy) | $3.58 | 2025-04-22 | Common Stock (3070324) | Direct | |
| Employee Stock Option (right to buy) | $3.23 | 2026-04-19 | Common Stock (1000000) | Direct | |
| Employee Stock Option (right to buy) | $6.61 | 2028-06-30 | Common Stock (1860000) | Direct |
Footnotes
F1: Held directly by the Reporting Person as custodian for his children.
F2: The stock option is fully vested and immediately exercisable.
F3: The stock option vested and became exercisable, and shall continue to vest and become exercisable, with respect to 5,929 shares on the last day of each month beginning in April 2014 and ending in March 2016, 9,879 shares on the last day of April 2016, 17,787 shares on the last day of each of May 2016 and June 2016, 18,333 shares on the last day of each month beginning in July 2016 and ending in February 2019, and 18,346 shares on the last day of March 2019, subject to the continuing employment of the Reporting Person on each vesting date.
F4: The stock option vested and became exercisable, and shall continue to vest and become exercisable, at a rate of 1/60th of the shares each month following the April 20, 2015 vesting commencement date, subject to the continuing employment of the Reporting Person on each vesting date.
F5: The stock option vested and became exercisable, and shall continue to vest and become exercisable, at a rate of 1/60th of the shares each month following the April 20, 2016 vesting commencement date, subject to the continuing employment of the Reporting Person on each vesting date.
F6: The stock option will vest and become exercisable with respect to 620,000 shares on January 1, 2022, 620,000 shares on January 1, 2023, and the remaining unvested shares on January 1, 2024, subject to the Reporting Person's achievement of certain performance objectives and continuing employment on each vesting date.