SEC Form 4 · accession 0001288847-17-000141
Five9, Inc. · FIVN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott Welch
Officer — EVP, Cloud Operations
Period of report
Nov 21, 2017
Accepted (ET)
Nov 24, 2017 · 3:23 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 21, 2017 | M | 50,000 | $12.24 | A | 169,158 | D | |
| Common StockF1 | Nov 21, 2017 | S | 50,000 | $24.75 | D | 119,158 | D | |
| Common Stock | Nov 22, 2017 | M | 39,989 | $12.24 | A | 159,147 | D | |
| Common StockF2 | Nov 22, 2017 | S | 39,989 | $24.55 | D | 119,158 | 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)F3 | $12.24 | Nov 21, 2017 | M | 50,000 | D | — | Mar 6, 2024 | Common Stock | 50,000 | 137,500 | D |
| Stock Option (right to buy)F3 | $12.24 | Nov 22, 2017 | M | 39,989 | D | — | Mar 6, 2024 | Common Stock | 39,989 | 97,511 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.60 to $25.12, 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.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.50 to $24.69, 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.
- F3Option vests with respect to 25% of the shares subject to the option one year after March 3, 2014, and with respect to the remaining 75% of the shares subject to the option in 36 equal monthly installments thereafter.