Zoom Communications, Inc. — Director's Dealing 2019

Apr 17, 2019

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Zoom Video Communications, Inc. (ZM)
CIK: 0001585521
Period of Report: 2019-04-17

Reporting Person: Subotovsky Santiago (Director)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Series A Convertible Preferred Stock	$0.00		Class B Common Stock (4000000)		Indirect
Series A Convertible Preferred Stock	$0.00		Class B Common Stock (324744)		Indirect
Series A Convertible Preferred Stock	$0.00		Class B Common Stock (98896)		Indirect
Series C Convertible Preferred Stock	$0.00		Class B Common Stock (22908848)		Indirect
Series D Convertible Preferred Stock	$0.00		Class B Common Stock (2850724)		Indirect
Class B Common Stock	$0.00		Class A Common Stock (102368)		Indirect
Class B Common Stock	$0.00		Class A Common Stock (115271)		Indirect

Footnotes

F1: Each share of Series A Preferred Stock, Series C Preferred Stock and Series D 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 Emergence Capital Partners III, L.P. ("Emergence"). The sole general partner of Emergence is Emergence Equity Partners III, L.P. ("EEP III"), and the sole general partner of EEP III is Emergence GP Partners, LLC ("EGP"). The Reporting Person is a member of EEP III. The Reporting Person disclaims Section 16 beneficial ownership of the shares held by Emergence, except to the extent, if any, of his pecuniary interest therein, and this report shall not be deemed an admission that he is the beneficial owner of such shares for Section 16 or any other purpose.

F4: Shares held directly by EZP Opportunity, L.P. ("EZP"). The sole general partner of EZP is EEP III. The Reporting Person disclaims Section 16 beneficial ownership of the shares held by EZP, except to the extent, if any, of his pecuniary interest therein, and this report shall not be deemed an admission that he is the beneficial owner of such shares for Section 16 or any other purpose.

F5: Shares held directly by Red Porphyry, LLC ("Red Porphyry"). Red Porphyry is filing this report solely by virtue of having appointed Emergence as its proxy with respect to the shares held directly by Red Porphyry. Such proxy is irrevocable until the earliest to occur of the six-month anniversary of the IPO, the sale of all or substantially all assets of the Issuer, or certain mergers involving the Issuer. The Reporting Person disclaims Section 16 beneficial ownership of the shares held by Red Porphyry, except to the extent, if any, of his pecuniary interest therein, and this report shall not be deemed an admission that he is the beneficial owner of such shares for Section 16 or any other purpose.