SEC Form 4 · accession 0001209191-15-082292
RingCentral, Inc. · RNG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John H Marlow
Officer — SVP & General Counsel
Period of report
Nov 24, 2015
Accepted (ET)
Nov 25, 2015 · 6:14 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 | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Nov 24, 2015 | C | 10,000 | $0.00 | A | 52,639 | D | |
| Class A Common Stock | Nov 24, 2015 | S | 10,000 | $22.67 | D | 42,639 | D | |
| Class A Common Stock | Nov 25, 2015 | C | 7,885 | $0.00 | A | 50,524 | D | |
| Class A Common Stock | Nov 25, 2015 | S | 7,885 | $23.00 | D | 42,639 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock options (right to buy)F3 | $0.99 | Nov 24, 2015 | M | 10,000 | D | — | Apr 16, 2018 | Class B Common Stock | 10,000 | 3,239 | D |
| Class B Common StockF4 | — | Nov 24, 2015 | M | 10,000 | A | — | — | Class A Common Stock | 10,000 | 10,000 | D |
| Class B Common StockF4 | — | Nov 24, 2015 | C | 10,000 | D | — | — | Class A Common Stock | 10,000 | 0 | D |
| Stock options (right to buy)F3 | $0.99 | Nov 25, 2015 | M | 3,239 | D | — | Apr 16, 2018 | Class B Common Stock | 3,239 | 0 | D |
| Class B Common StockF4 | — | Nov 25, 2015 | M | 3,239 | A | — | — | Class A Common Stock | 3,239 | 3,239 | D |
| Class B Common StockF4 | — | Nov 25, 2015 | C | 3,239 | D | — | — | Class A Common Stock | 3,239 | 0 | D |
| Stock options (right to buy)F5 | $0.99 | Nov 25, 2015 | M | 4,646 | D | — | Feb 13, 2019 | Class B Common Stock | 4,646 | 116,904 | D |
| Class B Common StockF4 | — | Nov 25, 2015 | M | 4,646 | A | — | — | Class A Common Stock | 4,646 | 4,646 | D |
| Class B Common StockF4 | — | Nov 25, 2015 | C | 4,646 | D | — | — | Class A Common Stock | 4,646 | 0 | D |
Explanation of responses
- F1Each Share of Class A Common Stock was issued upon conversion of one share of Class B Common Stock.
- F2The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 15, 2015.
- F325% of the shares subject to the option vested on 4/16/2009, and 1/48th of the shares vested each month thereafter over the following 36 months.
- F4Each 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.
- F525% of the shares subject to the option vested on 2/13/2010, and 1/48th of the shares vested each month thereafter over the following 36 months.