AI assistant
Zoom Communications, Inc. — Director's Dealing 2019
May 8, 2019
30221_dirs_2019-05-07_aa14ba00-6e6a-44e1-939d-28f8aa4897ec.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: Zoom Video Communications, Inc. (ZM)
CIK: 0001585521
Period of Report: 2019-04-17
Reporting Person: Puccini World Ltd (10% Owner)
Reporting Person: Oscar Time Ltd (10% Owner)
Reporting Person: Cranwood Co Ltd (10% Owner)
Reporting Person: Composers International Ltd (10% Owner)
Reporting Person: Chau Hoi Shuen Solina Holly (10% Owner)
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Series A Convertible Preferred Stock | $0.00 | Class B Common Stock (76355) | Direct | ||
| Series B Convertible Preferred Stock | $0.00 | Class B Common Stock (7956240) | Direct | ||
| Series C Convertible Preferred Stock | $0.00 | Class B Common Stock (1597344) | Direct | ||
| Series A Convertible Preferred Stock | $0.00 | Class B Common Stock (46667) | Direct | ||
| Class B Common Stock | $0.00 | Class A Common Stock (57512) | Direct |
Footnotes
F1: Each share of Series A Preferred Stock, Series B Preferred Stock and Series C Preferred Stock will be automatically converted into one (1) share of Class B Common Stock immediately prior to the closing of the Issuer's initial public offering of Class A Common Stock (the "IPO"), and has no expiration date.
F2: Each share of Class B Common Stock is convertible at the option of the Reporting Person into one share of Class A Common Stock. Following the closing of the IPO, 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) the death of the Reporting Person (if applicable), or (b) any transfer by the Reporting Person except certain "Permitted Transfers" described in the Issuer's certificate of incorporation. Following the closing of the IPO, 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 Eric S. 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 IPO.
F3: Shares held directly by Puccini World Limited ("Puccini"). Puccini is directly wholly-owned by Chau Hoi Shuen Solina Holly ("Solina Chau"). Each of the reporting persons on this filing disclaims Section 16 beneficial ownership of the shares, except to the extent, if any, of its or her pecuniary interest therein, and this report shall not be deemed an admission that it is the beneficial owner of such shares for Section 16 or any other purpose.
F4: Shares held directly by Oscar Time Limited ("Oscar Time"). Oscar Time is wholly-owned by Cranwood Company Limited, which is wholly-owned by Composers International Limited, which is wholly-owned by Solina Chau. Each of the reporting persons on this filing disclaims Section 16 beneficial ownership of the shares, except to the extent, if any, of its or her pecuniary interest therein, and this report shall not be deemed an admission that it is the beneficial owner of such shares for Section 16 or any other purpose.