SEC Form 4 · accession 0001209191-15-012976

RingCentral, Inc. · RNG

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

Reporting owner

David Sipes

Officer — EVP of International Business

Period of report

Feb 10, 2015

Accepted (ET)

Feb 12, 2015 · 6:29 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001384905

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I
Class A Common Stock	Feb 10, 2015	C	20,865	$0.00	A	149,662	D
Class A Common Stock^F2	Feb 10, 2015	S	20,865	$16.09	D	128,797	D
Class A Common Stock^F3	Feb 11, 2015	S	30,000	$16.02	D	98,797	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)^F4	$0.99	Feb 10, 2015	M	10,865	D	—	Jul 22, 2018	Class B Common Stock	10,865	0	D
Class B Common Stock^F1	—	Feb 10, 2015	M	10,865	A	—	—	Class A Common Stock	10,865	10,865	D
Stock Option (Right to Buy)^F5	$0.99	Feb 10, 2015	M	10,000	D	—	Apr 24, 2019	Class A Common Stock	10,000	17,818	D
Class B Common Stock^F1	—	Feb 10, 2015	M	10,000	A	—	—	Class A Common Stock	10,000	20,865	D
Class B Common Stock^F1	—	Feb 10, 2015	C	20,865	D	—	—	Class A Common Stock	20,865	0	D

Explanation of responses

F1Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of Class A Common Stock and has no expiration date. In addition, each share of Class B Common Stock held by the reporting person will convert automatically into one share of Class A Common Stock upon (i) any transfer of such share (subject to certain exceptions), or (ii) the occurrence of certain other specific instances, including the vote of the holders of the Class B Common Stock, as set forth in the issuer's Amended and Restated Certificate of Incorporation.
F2Reflects weighted average sale price. Actual sale prices ranged from $15.98 to $16.21 on February 10, 2015. Reporting Person undertakes to provide upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares purchased or sold at each separate price.
F3Reflects weighted average sale price. Actual sale prices ranged from $16.00 to $16.25 on February 11, 2015. Reporting Person undertakes to provide upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares purchased or sold at each separate price.
F4The option to purchase 325,000 shares was granted on 7/22/2008 and was exercised in part prior to the date on which the Reporting Person became subject to Section 16. 25% of the shares subject to the option vested on 6/25/2009, and 1/48th of the shares vested each month thereafter over the following 36 months.
F5The option to purchase 112,578 shares was granted on 4/29/2009 and was exercised in part prior to the date on which the Reporting Person became subject to Section 16. 25% of the shares subject to the option vested on 4/24/2009, and 1/48th of the shares vested each month thereafter over the following 36 months.