SEC Form 4 · accession 0001127602-16-046619
Zendesk, Inc. · ZEN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alan J Black
Officer — SVP and CFO
Period of report
Mar 14, 2016
Accepted (ET)
Mar 16, 2016 · 8:15 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 9, 2016 | G | 12,500 | $0.00 | D | 107,513 | D | |
| Common Stock | Mar 9, 2016 | G | 12,500 | $0.00 | A | 275,300 | I | Alan J. Black and Linda J. Black, Trustees of Black Family Trust - 2001 U/I DTD. November 26, 2001 |
| Common Stock | Mar 14, 2016 | M | 8,458 | $6.24 | A | 115,971 | D | |
| Common Stock | Mar 14, 2016 | M | 7,000 | $9.52 | A | 122,971 | D | |
| Common StockF1 | Mar 14, 2016 | S | 19,381 | $20.0148 | D | 103,590 | D | |
| Common Stock | holding | — | — | — | 40,000 | I | By Black 2013 Family Heritage Trust | |
| Common Stock | holding | — | — | — | 40,000 | I | By Black 2014 Family Heritage Trust |
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 | $6.24 | Mar 14, 2016 | M | 8,458 | D | — | May 3, 2023 | Common Stock | 8,458 | 51,042 | D |
| Stock Option (Right to Buy)F3 | $9.52 | Mar 14, 2016 | M | 7,000 | D | — | Feb 13, 2024 | Common Stock | 7,000 | 75,000 | D |
Explanation of responses
- F1This sale price represents the weighted average sale price of the shares sold ranging from $20.00 to $20.13 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
- F2The option is immediately exercisable as of the grant date. 1/48th of the shares vest monthly after 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 Company should the Reporting Person cease to provide continuous service.
- F3The option is immediately exercisable as of the grant date. 1/60th of the shares vest monthly after 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 Company should the Reporting Person cease to provide continuous service.