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ZoomInfo Technologies Inc. — Director's Dealing 2021
Sep 9, 2021
31220_dirs_2021-09-08_f897c9c4-8500-4afc-8ea4-d01bb9577ff0.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ZoomInfo Technologies Inc. (ZI)
CIK: 0001794515
Period of Report: 2021-09-03
Reporting Person: Hays Joseph Christopher (Chief Operating Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-09-03 | Class A Common Stock | M | 43771 | — | Acquired | 51161 | Direct |
| 2021-09-03 | Class A Common Stock | M | 31640 | $4 | Acquired | 82801 | Direct |
| 2021-09-03 | Class A Common Stock | M | 566240 | $6.56 | Acquired | 649041 | Direct |
| 2021-09-03 | Class A Common Stock | F | 58528 | $65.63 | Disposed | 590513 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-09-03 | LLC Units of ZoomInfo Holdings LLC | $ | M | 43771 | Disposed | Class A Common Stock (43771.0) | Direct | |
| 2021-09-03 | Class P Units of ZoomInfo Holdings LLC | $4.0 | M | 31640 | Disposed | Class A Common Stock (31640.0) | Direct | |
| 2021-09-03 | Class P Units of ZoomInfo Holdings LLC | $6.56 | M | 566240 | Disposed | Class A Common Stock (566240.0) | Direct |
Footnotes
F1: Limited liability company units ("OpCo Units") of ZoomInfo Holdings LLC ("OpCo") and shares of Class B Common Stock were exchanged for shares of Class A common stock ("Class A Common Stock") of ZoomInfo Technologies Inc. as described herein.
F2: Reflects Class P limited liability company units of OpCo ("Class P Units") which are profits interests that are economically similar to a stock settled stock option. Vested Class P units are exchangeable, at the holder's election, into a number of shares of Class A Common Stock equal in value to the "spread value" represented by the excess of the value of shares of Class A Common Stock at the time of exchange above the "distribution threshold" associated with the Class P Units, multiplied by the number of Class P Units being exchanged.
F3: Reflects an original amount of 350,704 Class P Units, of which 50% vested on July 1, 2020, and the remaining 50% vest in equal monthly installments during the 24 months thereafter.
F4: Reflects an original amount of 876,759 Class P Units, of which 50% vested on February 1, 2021, and the remaining 50% vest in equal monthly installments during the 24 months thereafter.
F5: Reflects shares deemed to be withheld in connection with the exchange of Class P Units described herein.
F6: Pursuant to the terms of the limited liability company agreement for OpCo, OpCo Units and an equal number of shares of Class B Common Stock, together are exchangeable for shares of Class A Common Stock on a one-for-one basis at the discretion of the holder, subject to exchange rate adjustments for stock splits, stock dividends, and reclassifications. These exchange rights do not expire. Shares of Class B Common Stock have no economic value and have 10 votes per share.