SEC Form 4 · accession 0001127602-15-005104
Zendesk, Inc. · ZEN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Adrian McDermott
Officer — SVP of Product Development
Period of report
Feb 5, 2015
Accepted (ET)
Feb 9, 2015 · 9:36 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001463172
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 6, 2015 | M | 833 | $6.24 | A | 83,610 | D | |
| Common Stock | Feb 6, 2015 | M | 417 | $9.52 | A | 84,027 | D | |
| Common Stock | Feb 6, 2015 | S | 1,250 | $25.00 | D | 82,777 | 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)F2 | $24.77 | Feb 5, 2015 | A | 125,000 | A | — | Feb 4, 2025 | Common Stock | 125,000 | 125,000 | D |
| Restricted Stock UnitF3 | $0.00 | Feb 5, 2015 | A | 125,000 | A | — | Feb 4, 2022 | Common Stock | 125,000 | 125,000 | D |
| Stock Option (Right to Buy)F4 | $6.24 | Feb 6, 2015 | M | 833 | D | — | May 3, 2023 | Common Stock | 833 | 482,500 | D |
| Stock Option (Right to Buy)F5 | $9.52 | Feb 6, 2015 | M | 417 | D | — | Feb 13, 2024 | Common Stock | 417 | 244,999 | D |
Explanation of responses
- F1This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- F21/48th of the shares subject to the option shall vest and become exercisable monthly after the vesting commencement date of February 5, 2015, subject to the Reporting Person's continuous service to the Issuer on each such date. Unvested shares are subject to acceleration upon the occurrence of certain events.
- F31/48th of the shares issuable pursuant to the restricted stock unit shall vest monthly after the vesting commencement date of February 15, 2015, subject to the Reporting Person's continuous service to the Issuer on each such date. Unvested shares are subject to acceleration upon the occurrence of certain events.
- F4The option is immediately exercisable as of the grant date. 1/60th of the shares vest monthly after the vesting commencement date of April 23, 2013, subject to the Reporting Person's continuous service to the Issuer on each such date. Unvested shares are subject to acceleration upon the occurrence of certain events. Unvested shares exercised are subject to a right of repurchase in favor of the Issuer should the Reporting Person cease to provide continuous service.
- F5The option is immediately exercisable as of the grant date. 1/60th of the shares vest monthly after the vesting commencement date of February 13, 2014, subject to the Reporting Person's continuous service to the Issuer on each such date. Unvested shares are subject to acceleration upon the occurrence of certain events. Unvested shares exercised are subject to a right of repurchase in favor of the Issuer should the Reporting Person cease to provide continuous service.