SEC Form 4 · accession 0001209191-15-057936
VEEVA SYSTEMS INC · VEEV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eleni Nitsa Zuppas
Officer — Chief Marketing Officer
Period of report
Jun 29, 2015
Accepted (ET)
Jul 1, 2015 · 4:15 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001393052
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Jun 29, 2015 | C | 8,000 | $0.00 | A | 10,604 | D | |
| Class A Common Stock | Jun 29, 2015 | S | 8,000 | $28.04 | D | 2,604 | 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)F1 | $3.92 | Jun 29, 2015 | M | 8,000 | D | — | Mar 25, 2023 | Class B Common Stock | 8,000 | 115,000 | D |
| Class B Common StockF2 | — | Jun 29, 2015 | A | 8,000 | A | — | — | Class A Common Stock | 8,000 | 8,000 | D |
| Class B Common StockF2 | — | Jun 29, 2015 | C | 8,000 | D | — | — | Class A Common Stock | 8,000 | 0 | D |
Explanation of responses
- F1The option shares are fully vested and may be exercised at any time.
- F2Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one (1) share of Class A Common Stock and has no expiration date. In addition, each share of Class B Common Stock will convert automatically into one (1) share of Class A Common Stock upon any transfer, whether or not for value, which occurs after the closing of the IPO, except for certain permitted transfers described in, and transfers to any "permitted transferee" as defined in, the Issuer's restated certificate of incorporation. All shares of Class A and Class B Common Stock will convert automatically into shares of a single class of Common Stock upon the earliest to occur of the following: (a) upon the election by the holders of a majority of the then outstanding shares of Class B Common Stock or (b) October 15, 2023.