SEC Form 4 · accession 0001288847-17-000092
Five9, Inc. · FIVN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gaurav Passi
Officer — EVP, Product Management
Period of report
May 23, 2017
Accepted (ET)
May 25, 2017 · 6:33 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001288847
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | May 23, 2017 | M | 4,896 | $4.25 | A | 132,980 | D | |
| Common Stock | May 23, 2017 | M | 18,562 | $8.13 | A | 151,542 | D | |
| Common Stock | May 23, 2017 | M | 35,576 | $8.48 | A | 187,118 | D | |
| Common StockF1,F2 | May 23, 2017 | S | 59,034 | $21.46 | D | 128,084 | D | |
| Common StockF1,F2 | May 23, 2017 | S | 5,678 | $21.46 | D | 122,406 | D | |
| Common Stock | May 24, 2017 | M | 920 | $8.48 | A | 123,326 | D | |
| Common StockF1,F3 | May 24, 2017 | S | 920 | $21.30 | D | 122,406 | D | |
| Common Stock | May 24, 2017 | M | 9,414 | $8.48 | A | 131,820 | D | |
| Common StockF1,F3 | May 24, 2017 | S | 9,414 | $21.30 | D | 122,406 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F4 | $4.25 | May 23, 2017 | M | 4,896 | D | — | Nov 5, 2024 | Common Stock | 4,896 | 20,563 | D |
| Employee Stock Option (right to buy)F5 | $8.13 | May 23, 2017 | M | 18,562 | D | — | Mar 9, 2026 | Common Stock | 18,562 | 55,688 | D |
| Employee Stock Option (right to buy)F6 | $8.48 | May 23, 2017 | M | 35,576 | D | — | Oct 25, 2023 | Common Stock | 35,576 | 8,759 | D |
| Employee Stock Option (right to buy)F6 | $8.48 | May 24, 2017 | M | 920 | D | — | Oct 25, 2023 | Common Stock | 920 | 7,839 | D |
| Employee Stock Option (right to buy)F7 | $8.48 | May 24, 2017 | M | 9,414 | D | — | Oct 25, 2023 | Common Stock | 9,414 | 0 | D |
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 23, 2017.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.27 to $21.96, inclusive. The reporting person undertakes to provide Five9, Inc., any security holder of Five9, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.13 to $21.40, inclusive. The reporting person undertakes to provide Five9, Inc., any security holder of Five9, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- F4The option vests in 48 equal monthly installments beginning on the one month anniversary of November 5, 2014.
- F5The option vests in 48 equal monthly installments beginning on the one month anniversary of March 9, 2016.
- F6The original option was for 44,335 shares. Option began vesting with respect to 25% of shares subject to the option one year after October 25, 2013, and with respect to the remaining 75% of the shares subject to the option in 36 equal monthly installments thereafter.
- F7The option granted on October 25, 2013 is now fully vested.