SEC Form 4 · accession 0001127602-15-011822
Zendesk, Inc. · ZEN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Matthew Adrian Price
Officer — SVP of Global Marketing
Period of report
Mar 13, 2015
Accepted (ET)
Mar 17, 2015 · 9:54 pm EDT
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 | Mar 13, 2015 | M | 1,916 | $9.52 | A | 1,916 | D | |
| Common Stock | Mar 13, 2015 | S | 1,916 | $22.60 | D | 0 | D | |
| Common StockF2 | Mar 15, 2015 | M | 143 | — | A | 143 | D | |
| Common StockF3 | Mar 15, 2015 | F | 78 | $22.54 | D | 65 | 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)F4 | $9.52 | Mar 13, 2015 | M | 1,916 | D | — | Feb 13, 2024 | Common Stock | 1,916 | 90,084 | D |
| Restricted Stock UnitF6,F2,F5 | — | Mar 15, 2015 | M | 143 | D | — | Feb 4, 2022 | Common Stock | 143 | 6,757 | D |
Explanation of responses
- F1This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- F2Restricted stock units convert into common stock on a one-for-one basis.
- F3Represents the number of shares withheld by the Issuer in satisfaction of tax withholding obligations in connection with the vesting of the restricted stock units listed in Table II. Such withholding is mandated by an election of the Issuer made in advance and does not represent a discretionary trade by the reporting person.
- F4The 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. 50% of the then 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.
- F51/48th 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. 50% of the then unvested shares are subject to acceleration upon the occurrence of certain events.
- F6The price in column 8 of Table II is $0.