SEC Form 4 · accession 0001209191-17-062397
RingCentral, Inc. · RNG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mitesh Dhruv
Officer — Chief Financial Officer
Period of report
Nov 20, 2017
Accepted (ET)
Nov 22, 2017 · 6:39 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 20, 2017 | F | 9,026 | $48.65 | D | 129,087 | D | |
| Class A Common Stock | Nov 22, 2017 | C | 3,000 | $0.00 | A | 132,087 | D | |
| Class A Common StockF4 | Nov 22, 2017 | S | 1,200 | $47.84 | D | 130,887 | D | |
| Class A Common StockF5 | Nov 22, 2017 | S | 1,800 | $48.48 | D | 129,087 | 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)F6 | $4.48 | Nov 22, 2017 | M | 2,667 | D | — | May 9, 2022 | Class B Common Stock | 2,667 | 0 | D |
| Class B Common StockF7 | — | Nov 22, 2017 | M | 2,667 | A | — | — | Class A Common Stock | 2,667 | 2,667 | D |
| Stock Option (right to buy)F6 | $6.78 | Nov 22, 2017 | M | 333 | D | — | Aug 2, 2022 | Class B Common Stock | 333 | 29,667 | D |
| Class B Common StockF7 | — | Nov 22, 2017 | M | 333 | A | — | — | Class A Common Stock | 333 | 3,000 | D |
| Class B Common StockF7 | — | Nov 22, 2017 | C | 3,000 | D | — | — | Class A Common Stock | 3,000 | 0 | D |
Explanation of responses
- F1In an exempt disposition to the issuer under rule 16b-3(e), the Reporting Person remitted shares to the issuer in connection with the satisfaction of tax withholding obligations arising out of the vesting of previously reported restricted stock units.
- F2Each Share of Class A Common Stock was issued upon conversion of one share of Class B Common Stock.
- F3The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 14, 2017.
- F4Reflects weighted average sale price. Actual sale prices ranged from $47.30 to $48.25 on November 22, 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.
- F5Reflects weighted average sale price. Actual sale prices ranged from $48.30 to $48.65 on November 22, 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.
- F6Options are fully vested and exercisable.
- F7Each 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.