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UPWORK, INC — Director's Dealing 2018
Oct 2, 2018
31644_dirs_2018-10-02_6851ece1-cb56-4ffe-a389-427493e265c5.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: Benchmark Capital Management Co. V, L.L.C. (10% Owner)
Reporting Person: Benchmark Capital Partners V L P (10% Owner)
Reporting Person: BENCHMARK FOUNDERS FUND V LP (10% Owner)
Reporting Person: Benchmark Founders Fund V-A LP (10% Owner)
Reporting Person: Benchmark Founders Fund V-B LP (10% Owner)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 386632 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Series A-1 Preferred Stock | $0 | Common Stock (1111911) | Indirect | ||
| Series A-2 Preferred Stock | $0 | Common Stock (10451892) | Indirect | ||
| Series B-1 Preferred Stock | $0 | Common Stock (2508432) | Indirect | ||
| Series B-2 Preferred Stock | $0 | Common Stock (145018) | Indirect |
Footnotes
F1: Shares are held directly by Benchmark Capital Partners V, L.P. ("BCP V"), as nominee for BCP V, Benchmark Founders' Fund V, L.P. ("BFF V"), Benchmark Founders' Fund V-A, L.P. ("BFF V-A"), Benchmark Founders' Fund V-B, L.P. ("BFF V-B") and related persons. Benchmark Capital Management Co. V, L.L.C. ("BCMC V"), the general partner of BCP V, BFF V, BFF V-A and BFF V-B, may be deemed to have sole voting and dispositive power over such shares. Alexandre Balkanski, Bruce W. Dunlevie, Peter H. Fenton, J. William Gurley, Kevin R. Harvey, Robert C. Kagle, Mitchell H. Lasky and Steven M. Spurlock, the managing members of BCMC V, may be deemed to share voting and dispositive power over these shares. Each such person and entity disclaims the existence of a "group" and disclaims beneficial ownership of any securities (except to the extent of such person's or entity's pecuniary interest in such securities).
F2: Each share of Preferred Stock will be automatically converted into one (1) share of the Issuer's Common Stock, for no additional consideration, immediately prior to the consummation of the Issuer's initial public offering, and has no expiration date.