Zoom Communications, Inc. — Director's Dealing 2020

Jun 18, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Zoom Video Communications, Inc. (ZM)
CIK: 0001585521
Period of Report: 2020-06-16

Reporting Person: Emergence Capital Partners III, L.P. (10% Owner)
Reporting Person: Emergence Equity Partners III, L.P. (10% Owner)
Reporting Person: EZP Opportunity, L.P. (10% Owner)
Reporting Person: EMERGENCE GP PARTNERS, LLC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-06-16	Class A Common Stock	C	5348400	$0.00	Acquired	5348400	Indirect
2020-06-16	Class A Common Stock	J	5348400	$0.00	Disposed	0	Indirect
2020-06-16	Class A Common Stock	C	651600	$0.00	Acquired	651600	Indirect
2020-06-16	Class A Common Stock	J	651600	$0.00	Disposed	0	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-06-16	Class B Common Stock	$	C	5348400	Disposed		Class A Common Stock (5348400)	Indirect
2020-06-16	Class B Common Stock	$	C	651600	Disposed		Class A Common Stock (651600)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	73168	Indirect

Footnotes

F1: On June 16, 2020, Emergence Capital Partners III, L.P. ("Emergence") converted in the aggregate 5,348,400 shares of the Issuer's Class B Common Stock into 5,348,400 shares of the Issuer's Class A Common Stock. Subsequently on the same date, Emergence distributed in-kind, without consideration, all 5,348,400 shares of Class A Common Stock pro-rata to its partners, including its limited partners and its general partner, Emergence Equity Partners III, L.P. ("EEP III"), in accordance with the exemption under Rule 16a-9(a) and Rule 16a-13 of the Securities Exchange Act of 1934, as amended. Upon receipt by EEP III of its pro rata interest of the distribution (1,142,664) shares of Class A Common Stock), EEP III distributed in-kind, without consideration, 1,077,516 of such shares pro-rata to its limited partners in accordance with the exemption under Rule 16a-9(a) and Rule 16a-13 of the Securities Exchange Act of 1934, as amended.

F2: Shares held directly by Emergence. The sole general partner of Emergence is EEP III, and the sole general partner of EEP III is Emergence GP Partners, LLC ("EGP"). Each of the Reporting Persons on this filing (other than Emergence) disclaims Section 16 beneficial ownership of the shares held by Emergence, except to the extent, if any, of its 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.

F3: On June 16, 2020, EZP Opportunity, L.P. ("EZP") converted in the aggregate 651,600 shares of the Issuer's Class B Common Stock into 651,600 shares of the Issuer's Class A Common Stock. Subsequently on the same date, EZP distributed in-kind, without consideration, all 651,600 shares of Class A Common Stock pro-rata to its partners, including its limited partners and its general partner, EEP III, in accordance with the exemption under Rule 16a-9(a) and Rule 16a-13 of the Securities Exchange Act of 1934, as amended. Upon receipt by EEP III of its pro rata interest of the distribution (130,320 shares of Class A Common Stock), EEP III distributed in-kind, without consideration, 122,300 of such shares pro-rata to its limited partners in accordance with the exemption under Rule 16a-9(a) and Rule 16a-13 of the Securities Exchange Act of 1934, as amended.

F4: Shares held directly by EZP. The sole general partner of EZP is EEP III, and the sole general partner of EEP III is EGP. Each of the Reporting Persons on this filing (other than EZP) disclaims Section 16 beneficial ownership of the shares held by EZP, except to the extent, if any, of its 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.

F5: Each share of Class B Common Stock is convertible at the option of the Reporting Person into one (1) share of Class A Common Stock, and has no expiration date. Each share of Class B Common Stock will convert automatically into one (1) share of Class A Common Stock upon certain events specified in the Issuer's certificate of incorporation.