SEC Form 4 · accession 0001288847-17-000143
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
Nov 28, 2017
Accepted (ET)
Nov 30, 2017 · 5:40 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 28, 2017 | M | 4,936 | $8.13 | A | 106,185 | D | |
| Common StockF1 | Nov 28, 2017 | S | 4,936 | $25.01 | D | 101,249 | D | |
| Common Stock | Nov 28, 2017 | M | 4,524 | $8.13 | A | 105,773 | D | |
| Common StockF2 | Nov 28, 2017 | S | 4,524 | $24.99 | D | 101,249 | D | |
| Common Stock | Nov 28, 2017 | M | 7,839 | $8.48 | A | 109,088 | D | |
| Common StockF2 | Nov 28, 2017 | S | 7,839 | $24.99 | D | 101,249 | D | |
| Common Stock | Nov 28, 2017 | M | 1,145 | $10.12 | A | 102,394 | D | |
| Common StockF2 | Nov 28, 2017 | S | 1,145 | $24.99 | D | 101,249 | D | |
| Common Stock | Nov 28, 2017 | M | 9,773 | $16.25 | A | 111,022 | D | |
| Common StockF2 | Nov 28, 2017 | S | 9,773 | $24.99 | D | 101,249 | D | |
| Common StockF3 | Nov 28, 2017 | S | 1,181 | $25.01 | D | 100,068 | 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 | $8.13 | Nov 28, 2017 | M | 4,936 | D | — | Mar 9, 2026 | Common Stock | 4,936 | 46,290 | D |
| Employee Stock Option (right to buy)F4 | $8.13 | Nov 28, 2017 | M | 4,524 | D | — | Mar 9, 2026 | Common Stock | 4,524 | 41,766 | D |
| Employee Stock Option (right to buy)F5 | $8.48 | Nov 28, 2017 | M | 7,839 | D | — | Oct 25, 2023 | Common Stock | 7,839 | 0 | D |
| Common StockF6 | $10.12 | Nov 28, 2017 | M | 1,145 | D | — | Dec 18, 2023 | Common Stock | 1,145 | 105 | D |
| Employee Stock Option (right to buy)F7 | $16.25 | Nov 28, 2017 | M | 9,773 | D | — | Feb 23, 2027 | Common Stock | 9,773 | 58,776 | 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 $25.00 to $25.05, 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 $24.95 to $25.05, 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 $25.00 to $25.03, 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 March 9, 2016.
- F5The option granted on October 25, 2013 is now fully vested.
- F6The option vests in 48 equal monthly installments beginning on the one month anniversary of December 18, 2013.
- F7Option began vesting in 48 substantially equal monthly installments on the one-month anniversary of February 23, 2017.