SEC Form 4 · accession 0001209191-19-012789
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
Feb 20, 2019
Accepted (ET)
Feb 22, 2019 · 7:22 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 | Feb 20, 2019 | M | 7,300 | $15.77 | A | 265,405 | D | |
| Class A Common StockF2 | Feb 20, 2019 | S | 3,666 | $103.4487 | D | 261,739 | D | |
| Class A Common StockF3 | Feb 20, 2019 | S | 3,634 | $104.3367 | D | 258,105 | D | |
| Class A Common Stock | Feb 20, 2019 | F | 7,875 | $103.90 | D | 250,230 | 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)F5 | $15.77 | Feb 20, 2019 | M | 7,300 | D | — | Feb 27, 2022 | Class A Common Stock | 7,300 | 49,511 | D |
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 13, 2018.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $102.90 to $103.82, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (3) and (4) to this Form 4.
- F3The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $103.90 to $104.80, inclusive.
- F4In 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.
- F5Shares subject to the option are fully vested and immediately exercisable.