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Zoom Communications, Inc. — Director's Dealing 2021
May 5, 2021
30221_dirs_2021-05-04_4ea5f6ce-1731-4c74-bbb1-6f3c60e90ff3.zip
Director's Dealing
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SEC Form 4/A — Form 4/A
Issuer: Zoom Video Communications, Inc. (ZM)
CIK: 0001585521
Period of Report: 2021-04-21
Reporting Person: Yuan Eric S. (Director, Chief Executive Officer, 10% Owner)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-04-21 | Employee Stock Option (right to buy) | $4.15 | M | 4080 | Disposed | 2023-09-24 | Class B Common Stock (4080.0) | Direct |
| 2021-04-21 | Class B Common Stock | $ | M | 4080 | Acquired | Class A Common Stock (4080.0) | Direct | |
| 2021-04-21 | Class B Common Stock | $ | C | 4080 | Disposed | Class A Common Stock (4080.0) | Direct | |
| 2021-04-21 | Employee Stock Option (right to buy) | $3.77 | M | 11545 | Disposed | 2028-09-24 | Class B Common Stock (11545.0) | Direct |
| 2021-04-21 | Class B Common Stock | $ | M | 11545 | Acquired | Class A Common Stock (11545.0) | Direct | |
| 2021-04-21 | Class B Common Stock | $ | C | 11545 | Disposed | Class A Common Stock (11545.0) | Direct |
Footnotes
F1: The shares subject to the option vest in monthly installments as follows: approximately 8,840 shares vested on October 24, 2018 and approximately 8,840 shares vested on the 24th day of each month thereafter through and including December 24, 2018, approximately 2,210 shares vested on January 24, 2019 and approximately 2,210 shares vest on the 24th day of each month thereafter through and including December 24, 2021 and approximately 2,945 shares vest on the 24th day of each month thereafter through and including September 24, 2022.
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. Each share of Class B Common Stock held by the Reporting Person will automatically convert 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.
F3: The shares subject to the option vest in monthly installments as follows: approximately 1,577 shares vested on October 24, 2018 and approximately 1,577 vested on the 24th day of each month thereafter through and including December 24, 2018, approximately 8,207 shares vested on January 24, 2019 and approximately 8,207 shares vest on the 24th day of each month thereafter through and including December 24, 2021 and approximately 7,472 shares vest on the 24th day of each month thereafter through and including September 24, 2022. The shares subject to this option are early exercisable, subject to the Issuer's right to repurchase.