SEC Form 4 · accession 0001288847-18-000098

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

Jun 4, 2018

Accepted (ET)

Jun 6, 2018 · 5:29 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
Common Stock^F1,F2	Jun 4, 2018	S	6,852	$36.56	D	109,758	D
Common Stock	Jun 4, 2018	M	3,907	$12.24	A	113,665	D
Common Stock	Jun 4, 2018	M	4,234	$8.13	A	117,899	D
Common Stock	Jun 4, 2018	M	3,094	$16.25	A	120,993	D
Common Stock^F3,F4	Jun 4, 2018	S	11,235	$36.94	D	109,758	D
Common Stock	Jun 5, 2018	M	7,000	$4.25	A	116,758	D
Common Stock^F3,F5	Jun 5, 2018	S	7,000	$37.45	D	109,758	D
Common Stock^F6,F5	Jun 5, 2018	S	7,310	$37.35	D	102,448	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)^F7	$12.24	Jun 4, 2018	M	3,907	D	—	Mar 6, 2024	Common Stock	3,907	0	D
Employee Stock Option (right to buy)^F8	$8.13	Jun 4, 2018	M	4,234	D	—	Mar 9, 2026	Common Stock	4,234	29,641	D
Employee Stock Option (right to buy)^F9	$16.25	Jun 4, 2018	M	3,094	D	—	Feb 23, 2027	Common Stock	3,094	34,037	D
Employee Stock Option (right to buy)^F10	$4.25	Jun 5, 2018	M	7,000	D	—	Nov 5, 2024	Common Stock	7,000	8,750	D

Explanation of responses

F1The reported sales were to cover taxes upon the vesting of restricted stock units.
F10The option vests in 48 equal monthly installments beginning on the one month anniversary of November 5, 2014.
F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.28 to $36.80, 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 sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 28, 2018.
F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.83 to $37.91, 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.
F5The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $37.05 to $38.12, 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.
F6The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $37.05 to $37.08, 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.
F7The option dated March 6,2014 is fully vested.
F8The option vests in 48 equal monthly installments beginning on the one month anniversary of February 18, 2016.
F9The option vests in 48 equal monthly installments beginning on the one month anniversary of February 23, 2017.