Filing Details

Accession Number:
0001585521-20-000013
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-01-14 19:29:04
Reporting Period:
2019-10-10
Accepted Time:
2020-01-14 19:29:04
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1585521 Zoom Video Communications Inc. ZM Services-Computer Programming, Data Processing, Etc. (7370) 611648780
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1773302 Roy Benhorin C/O Zoom Video Communications, Inc.
55 Almaden Boulevard, 6Th Floor
San Jose CA 95113
Chief Accounting Officer No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Acquisiton 2020-01-10 1,070 $0.00 349,764 No 4 M Direct
Class A Common Stock Disposition 2020-01-13 437 $73.89 349,327 No 4 F Direct
Class A Common Stock Disposition 2020-01-13 32,000 $75.03 317,327 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 F Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Stock Restricted Stock Units Acquisiton 2019-10-10 17,120 $0.00 17,120 $0.00
Class A Common Stock Restricted Stock Units Disposition 2020-01-10 1,070 $0.00 1,070 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
17,120 No 4 A Direct
16,050 No 4 M Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Class B Common Stock Employee Stock Option (right to buy) $3.77 2028-09-24 100,000 100,000 Direct
Class B Common Stock Employee Stock Option (right to buy) $0.14 2025-11-13 240,000 240,000 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2028-09-24 100,000 100,000 Direct
2025-11-13 240,000 240,000 Direct
Footnotes
  1. Shares withheld by Issuer to satisfy the tax withholding obligation in connection with the vesting of Restricted Stock Units.
  2. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
  3. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $75.00 to $75.11. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.
  4. Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A Common Stock.
  5. The reporting person received an award of restricted stock units on October 10, 2019, which vest in equal installments on each quarterly anniversary date, subject to the Reporting Person's Continuous Service (as defined in the Issuer's 2019 Equity Incentive Plan) on each such vesting date.
  6. 1/48 of the shares subject to the option vests in equal monthly installments commencing one month from September 24, 2018.
  7. 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.
  8. 1/4 of the shares subject to the option vested on November 9, 2016, and 1/48 of the shares vest monthly thereafter.