SEC Form 4 · accession 0001737534-19-000006
SMARTSHEET INC · SMAR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kara Hamilton
Officer — Senior VP of People Operations
Period of report
Feb 25, 2019
Accepted (ET)
Feb 27, 2019 · 7:57 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 StockF1 | Feb 25, 2019 | C | 7,500 | $0.00 | A | 8,316 | D | |
| Class A Common Stock | Feb 25, 2019 | S | 7,500 | $37.26 | D | 816 | 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 Class B Common Stock)F3,F4 | $0.712 | Feb 25, 2019 | M | 7,500 | D | — | Feb 19, 2023 | Class B Common Stock | 7,500 | 9,928 | D |
| Class B Common StockF4 | — | Feb 25, 2019 | M | 7,500 | A | — | — | Class A Common Stock | 7,500 | 7,500 | D |
| Class B Common StockF4 | — | Feb 25, 2019 | C | 7,500 | D | — | — | Class A Common Stock | 7,500 | 0 | D |
Explanation of responses
- 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.