SEC Form 4 · accession 0001209191-15-074835
RingCentral, Inc. · RNG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Sipes
Officer — EVP of Corporate Development
Period of report
Oct 6, 2015
Accepted (ET)
Oct 8, 2015 · 4:16 pm EDT
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 | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Oct 6, 2015 | C | 1,742 | $0.00 | A | 110,539 | D | |
| Class A Common Stock | Oct 6, 2015 | S | 1,742 | $19.00 | D | 108,797 | 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)F3 | $0.99 | Oct 6, 2015 | M | 1,742 | D | — | Apr 29, 2019 | Class B Common Stock | 1,742 | 16,076 | D |
| Class B Common StockF1 | — | Oct 6, 2015 | M | 1,742 | A | — | — | Class B Common Stock | 1,742 | 1,742 | D |
| Class B Common StockF1 | — | Oct 6, 2015 | C | 1,742 | D | — | — | Class A Common Stock | 1,742 | 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 a shareholder 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.
- F2The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 9, 2015.
- F3Options are fully vested and exercisable.