Zoom Communications, Inc. — Director's Dealing 2019

Apr 25, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Zoom Video Communications, Inc. (ZM)
CIK: 0001585521
Period of Report: 2019-04-23

Reporting Person: Swanson Bart (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-04-23	Series A Convertible Preferred Stock	$	C	20000	Disposed		Class B Common Stock (20000)	Indirect
2019-04-23	Class B Common Stock	$	C	20000	Acquired		Class A Common Stock (20000)	Indirect
2019-04-23	Series C Convertible Preferred Stock	$	C	85908	Disposed		Class B Common Stock (85908)	Direct
2019-04-23	Class B Common Stock	$	C	85908	Acquired		Class A Common Stock (85908)	Direct

Footnotes

F1: Each share of preferred stock is convertible into one share of Class B Common Stock and has no expiration date. Immediately prior to the consummation of the Issuer's IPO, all shares of preferred stock automatically converted into shares of Class B Common Stock.

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 and has no expiration date. Following the closing of the Issuer's 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) 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. 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 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 IPO.

F3: The shares are held of record by Beyond Merits Limited, for which the Reporting Person is a director and shareholder and shares voting and investment control with respect to such shares.