SEC Form 4 · accession 0001209191-15-083617
RingCentral, Inc. · RNG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Clyde Hosein
Officer — EVP and CFO
Period of report
Dec 2, 2015
Accepted (ET)
Dec 4, 2015 · 6:20 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 | Dec 2, 2015 | C | 4,100 | $0.00 | A | 44,301 | D | |
| Class A Common StockF2 | Dec 2, 2015 | S | 4,100 | $23.59 | D | 40,201 | D | |
| Class A Common Stock | Dec 3, 2015 | C | 20,900 | $0.00 | A | 61,101 | D | |
| Class A Common StockF3 | Dec 3, 2015 | S | 20,900 | $23.39 | D | 40,201 | 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) | $12.86 | Dec 2, 2015 | M | 4,100 | D | Aug 22, 2013 | Aug 22, 2023 | Class B Common Stock | 4,100 | 20,900 | D |
| Class B Common StockF4 | — | Dec 2, 2015 | M | 4,100 | A | — | — | Class A Common Stock | 4,100 | 4,100 | D |
| Class B Common StockF4 | — | Dec 2, 2015 | C | 4,100 | D | — | — | Class A Common Stock | 4,100 | 0 | D |
| Stock Option (right to buy)F5 | $12.86 | Dec 3, 2015 | M | 20,900 | D | Aug 22, 2013 | Aug 22, 2023 | Class B Common Stock | 20,900 | 0 | D |
| Class B Common StockF4 | — | Dec 3, 2015 | M | 20,900 | A | — | — | Class A Common Stock | 20,900 | 20,900 | D |
| Class B Common StockF4 | — | Dec 3, 2015 | C | 20,900 | D | — | — | Class A Common Stock | 20,900 | 0 | D |
Explanation of responses
- F1Each Share of Class A Common Stock was issued upon conversion of one share of Class B Common Stock.
- F2Reflects weighted average sale price. Actual sale prices ranged from $23.56 to $23.70 on December 2, 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 $23.35 to $23.47 on December 3, 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.
- 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.
- F5Reflects an additional 4,212 options that were incorrectly reported as having been exercised and sold on November 18, 2019, as reported on the Reporting Person's Form 4 dated November 19, 2015. Those options exercised and sold on November 18, 2015 were pursuant to a different stock option grant effected on the same date with the same exercise price.