Zoom Communications, Inc. — Director's Dealing 2019

Jul 17, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Zoom Video Communications, Inc. (ZM)
CIK: 0001585521
Period of Report: 2019-07-15

Reporting Person: Pelosi Janine (Chief Marketing Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-07-15	Employee Stock Option (right to buy)	$0.1375	M	66667	Disposed	2025-04-24	Class B Common Stock (66667)	Direct
2019-07-15	Class B Common Stock	$	M	66667	Acquired		Class A Common Stock (66667)	Direct

Footnotes

F1: No shares have been sold by the Reporting Person and the shares are subject to a Lock-Up Agreement for a period of 180 days following the date of the Final Prospectus relating to the initial public offering of Class A Common Stock of the Issuer pursuant to a Registration Statement filed by the Issuer with the Securities and Exchange Commission. The terms of the Lock-Up Agreement permit the exercise of options by the Reporting Person.

F2: 1/4 of the shares subject to the option vested on March 16, 2016, and 1/48 of the shares vest monthly thereafter.

F3: Each share of Class B Common Stock is convertible at the option of the Reporting Person into one share of Class A Common Stock and has no expiration date. Each share of Class B Common Stock held by the Reporting Person will convert automatically into one share of Class A Common Stock upon (a) other than Eric S. Yuan, the death of the Reporting Person, or (b) any transfer by the Reporting Person except certain "Permitted Transfers" described in the Issuer's certificate of incorporation. All outstanding shares of Class B Common Stock will convert into shares of Class A Common Stock upon the earliest of (i) six months following the death or incapacity of Mr. Yuan, (ii) six months following the date that Mr. Yuan ceases providing services to the Issuer, (iii) the date specified by the holders of a majority of the shares of Class B Common Stock, and (iv) the 15-year anniversary of the closing of the Issuer's initial public offering.