SEC Form 4 · accession 0001209191-19-018295
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
Mar 7, 2019
Accepted (ET)
Mar 8, 2019 · 7:49 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 | Mar 7, 2019 | C | 1,500 | $0.00 | A | 247,818 | D | |
| Class A Common Stock | Mar 7, 2019 | M | 3,650 | $15.77 | A | 251,468 | D | |
| Class A Common StockF3 | Mar 7, 2019 | S | 4,678 | $101.85 | D | 246,790 | D | |
| Class A Common StockF4 | Mar 7, 2019 | S | 3,300 | $102.754 | D | 243,490 | D | |
| Class A Common StockF5 | Mar 7, 2019 | S | 300 | $103.527 | D | 242,190 | 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 | $15.77 | Mar 7, 2019 | M | 3,650 | D | — | Feb 27, 2022 | Class A Common Stock | 3,650 | 42,211 | D |
| Stock Option (right to buy)F7 | $0.99 | Mar 7, 2019 | M | 1,500 | D | — | Nov 12, 2019 | Class B Common Stock | 1,500 | 6,000 | D |
| Class B Common StockF8 | — | Mar 7, 2019 | M | 1,500 | A | — | — | Class A Common Stock | 1,500 | 1,500 | D |
| Class B Common StockF8 | — | Mar 7, 2019 | C | 1,500 | D | — | — | Class A Common Stock | 1,500 | 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, 2018.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $101.40 to $102.38, 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) through (5) to this Form 4.
- F4The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $102.42 to $103.41, inclusive.
- F5The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $103.42 to $103.59, inclusive.
- F6The option vests and becomes exercisable in 48 equal monthly installments commencing on March 27, 2015.
- F7Options are fully vested and exercisable.
- F8Each 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.