SEC Form 4 · accession 0001737534-19-000002

SMARTSHEET INC · SMAR

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Senior VP of People Operations

Period of report

Jan 9, 2019

Accepted (ET)

Jan 10, 2019 · 7:27 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001366561

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Class A Common Stock^F1	Jan 9, 2019	C	2,500	$0.00	A	3,316	D
Class A Common Stock	Jan 9, 2019	S	2,500	$26.00	D	816	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock Option (right to buy Class B Common Stock)^F3,F4	$0.712	Jan 9, 2019	M	2,500	D	—	Feb 19, 2023	Class B Common Stock	2,500	24,928	D
Class B Common Stock^F4,F5	—	Jan 9, 2019	M	2,500	A	—	—	Class A Common Stock	2,500	2,500	D
Class B Common Stock^F4,F5	—	Jan 9, 2019	C	2,500	D	—	—	Class A Common Stock	2,500	0	D

F1Represents the number of shares that were acquired upon conversion of Class B Common Stock to Class A Common Stock in connection with the exercise of the options listed in Table II.
F2The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the holder.
F3The option is 100% vested.
F4The Class B Common Stock is convertible into the issuer's Class A Common Stock on a 1-for-1 basis (a) at the option of the holder or (b) automatically upon (i) any transfer, except for certain permitted transfers, or (ii) the date that is the earliest of (x) the date specified by a vote of the holders of not less than a majority of the outstanding shares of Class B Common Stock, (y) April 26, 2025 and (z) the date that the total number of shares of outstanding Class B Common Stock ceases to represent at least 15% of all outstanding shares of the issuer's common stock, and has no expiration date.
F5The holder elected to convert the Class B common stock to Class A common stock on a 1-for-1 basis.