SEC Form 4 · accession 0001209191-17-056776

RingCentral, Inc. · RNG

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

Reporting owner

David Sipes

Officer — Chief Operating Officer

Period of report

Oct 11, 2017

Accepted (ET)

Oct 12, 2017 · 7:27 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 11, 2017	C	7,800	$0.00	A	290,380	D
Class A Common Stock^F3	Oct 11, 2017	S	7,800	$43.32	D	282,580	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	Oct 11, 2017	M	476	D	—	Apr 24, 2019	Class B Common Stock	476	0	D
Class B Common Stock^F5	—	Oct 11, 2017	M	476	A	—	—	Class A Common Stock	476	476	D
Class B Common Stock^F5	—	Oct 11, 2017	C	476	D	—	—	Class A Common Stock	476	0	D
Stock Option (right to buy)^F6	$2.73	Oct 11, 2017	M	1,314	D	—	Mar 2, 2022	Class B Common Stock	1,314	32,292	D
Class B Common Stock^F5	—	Oct 11, 2017	M	1,314	A	—	—	Class A Common Stock	1,314	1,314	D
Class B Common Stock^F5	—	Oct 11, 2017	C	1,314	D	—	—	Class A Common Stock	1,314	0	D
Stock Option (right to buy)^F7	$16.05	Oct 11, 2017	M	6,010	D	—	Apr 15, 2021	Class B Common Stock	6,010	33,990	D
Class B Common Stock^F5	—	Oct 11, 2017	M	6,010	A	—	—	Class A Common Stock	6,010	6,010	D
Class B Common Stock^F5	—	Oct 11, 2017	C	6,010	D	—	—	Class A Common Stock	6,010	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 13, 2017.
F3Reflects weighted average sale price. Actual sale prices ranged from $43.10 to $43.50 on October 11, 2017. The 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.
F4Options are fully vested and exercisable.
F5Each 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.
F6One forty-eighth (1/48th) of the Shares subject to the Option vested on the date that is one month after the Vesting Commencement Date 2/11/2014 and one forty-eighth (1/48th) of the Shares subject to the Option vests each month thereafter on the same day of the month as the Vesting Commencement Date.
F7One forty-eighth (1/48th) of the Shares subject to the Option vested on the date that is one month after the Vesting Commencement Date 4/15/2014 and one forty-eighth (1/48th) of the Shares subject to the Option vests each month thereafter on the same day of the month as the Vesting Commencement Date.