SEC Form 4 · accession 0001288847-17-000134
Five9, Inc. · FIVN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Burkland
Officer — CEO, President and Chairman · Director
Period of report
Nov 13, 2017
Accepted (ET)
Nov 14, 2017 · 6:04 pm EST
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 | Nov 13, 2017 | M | 230,660 | $0.52 | A | 1,194,161 | D | |
| Common StockF1 | Nov 13, 2017 | S | 230,660 | $24.05 | D | 963,501 | D | |
| Common StockF1 | Nov 13, 2017 | M | 49,340 | $4.84 | A | 1,012,841 | D | |
| Common Stock | Nov 13, 2017 | S | 49,340 | $24.05 | D | 963,501 | D | |
| Common StockF1 | Nov 13, 2017 | S | 320,000 | $24.05 | D | 643,501 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F2 | $0.52 | Nov 13, 2017 | M | 230,660 | D | — | Apr 29, 2021 | Common Stock | 230,660 | 0 | D |
| Stock Option (right to buy)F3 | $4.84 | Nov 13, 2017 | M | 49,340 | D | — | Jan 25, 2023 | Common Stock | 49,340 | 49,464 | D |
Explanation of responses
- F1The reported sales were made in connection with Mr. Burkland's health-related transition from CEO and President to Executive Chairman of Five9. Mr. Burkland continues to hold 643,501 shares of common stock and RSUs, plus stock options to purchase 1,292,983 shares.
- F2Option began vesting in 48 substantially equal monthly installments beginning February 1, 2011.
- F3Option began vesting in 48 substantially equal monthly installments beginning February 25, 2013.