SEC Form 4 · accession 0001209191-18-054323
ZUORA INC · ZUO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Mitchell Lasky
10% Owner
Robert Kagle
10% Owner
J William Gurley
10% Owner
Alexandre Balkanski
10% Owner
Steven M Spurlock
10% Owner
Bruce Dunlevie
10% Owner
Kevin Harvey
10% Owner
Period of report
Oct 2, 2018
Accepted (ET)
Oct 4, 2018 · 7:42 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001423774
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | Oct 2, 2018 | C | 2,564,431 | $0.00 | A | 2,564,431 | I | See footnote |
| Class A Common StockF1 | Oct 2, 2018 | J | 2,564,431 | $0.00 | D | 0 | I | See footnote |
| Class A Common StockF3 | Oct 2, 2018 | J | 28,450 | $0.00 | A | 28,450 | I | See footnote |
| Class A Common StockF4,F3 | Oct 3, 2018 | S | 2,342 | $20.7631 | D | 26,108 | I | See footnote |
| Class A Common StockF5,F3 | Oct 3, 2018 | S | 26,108 | $20.948 | D | 0 | I | See footnote |
| Class A Common StockF6 | Oct 2, 2018 | J | 13,937 | $0.00 | A | 13,937 | I | See footnote |
| Class A Common StockF7 | Oct 2, 2018 | J | 97,129 | $0.00 | A | 97,129 | I | See footnote |
| Class A Common StockF8 | Oct 2, 2018 | J | 91,156 | $0.00 | A | 91,156 | I | See footnote |
| Class A Common StockF8 | Oct 2, 2018 | G | 91,156 | $0.00 | D | 0 | I | See footnote |
| Class A Common StockF9 | Oct 2, 2018 | J | 33,184 | $0.00 | A | 33,184 | I | See footnote |
| Class A Common StockF9 | Oct 2, 2018 | G | 33,184 | $0.00 | D | 0 | I | See footnote |
| Class A Common StockF10 | Oct 2, 2018 | J | 112,604 | $0.00 | A | 112,604 | I | See footnote |
| Class A Common StockF4,F10 | Oct 3, 2018 | S | 9,369 | $20.7631 | D | 103,235 | I | See footnote |
| Class A Common StockF11 | Oct 2, 2018 | J | 1,195 | $0.00 | A | 1,195 | I | See footnote |
| Class A Common StockF12 | Oct 2, 2018 | J | 157,524 | $0.00 | A | 157,524 | I | See footnote |
| Class A Common StockF13 | Oct 2, 2018 | J | 104,430 | $0.00 | A | 104,430 | I | See footnote |
| Class A Common StockF14 | Oct 2, 2018 | J | 48,328 | $0.00 | A | 48,328 | I | See footnote |
| Class A Common StockF14 | Oct 2, 2018 | G | 48,328 | $0.00 | D | 0 | I | See footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Class B Common StockF1,F15,F16 | — | Oct 2, 2018 | C | 2,564,431 | D | — | — | Class A Common Stock | 2,564,431 | 7,693,293 | I |
Explanation of responses
- F1Shares are held by Benchmark Capital Partners V, L.P. ("BCP V"), as nominee for BCP V, Benchmark Founders' Fund V, L.P. ("BFF V"), Benchmark Founders' Fund V-A, L.P. ("BFF V-A"), Benchmark Founders' Fund V-B, L.P. ("BFF V-B") and related persons. Benchmark Capital Management Co. V, L.L.C. ("BCMC V"), the general partner of each of BCP V, BFF V, BFF V-A and BFF V-B, may be deemed to have sole voting and dispositive power over such shares. Alexandre Balkanski, Bruce W. Dunlevie, Peter H. Fenton, J. William Gurley, Kevin R. Harvey, Robert C. Kagle, Mitchell H. Lasky and Steven M. Spurlock, the managing members of BCMC V, may be deemed to share voting and dispositive power over these shares beneficially held by such entities. Each reporting person disclaims the existence of a "group" and disclaims beneficial ownership of any securities, except to the extent of such reporting persons' pecuniary interest in such securities.
- F10Shares are held directly by J. William Gurley.
- F11Shares are held by a limited partnership controlled by J. William Gurley.
- F12Shares are held by Kevin R. Harvey's family trust.
- F13Shares are held directly by Robert C. Kagle.
- F14Shares are held directly by Mitchell H. Lasky.
- F15Each share of the issuer's Class B Common Stock will convert into 1 share of the issuer's Class A Common Stock (a) at the option of the holder and (b) automatically upon (i) any transfer which occurs after the closing of the issuer's initial public offering, except for certain permitted transfers, and (ii) the date that is the earliest of (x) the date specified by a vote of the holders of not less than 66 2/3% of the outstanding shares of Class B Common Stock, (y) ten years from the effective date of the issuer's initial public offering and (z) the date that the total number of shares of outstanding Class B Common Stock ceases to represent at least 5% of all outstanding shares of the issuer's common stock, and has no expiration date.
- F16Not applicable.
- F2Represents a pro-rata, in-kind distribution by BCP V and its affiliated funds and related persons, without additional consideration, to their respective partners, members and assigns.
- F3Shares are held by Steven M. Spurlock's family trust.
- F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.45 to $21.05, 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 range set forth in this footnote.
- F5The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.80 to $21.08, 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 range set forth in this footnote.
- F6Shares are held by a limited partnership controlled by Alexandre Balkanski.
- F7Shares are held by Alexandre Balkanski's family trust.
- F8Shares are held by Bruce W. Dunlevie's family trust.
- F9Shares are held by a limited partnership controlled by Bruce W. Dunlevie.
Remarks
This is one of three reports, each on a separate Form 4, but relating to the same transaction being filed by entities affiliated with Benchmark and their applicable members.