SEC Form 4 · accession 0001463172-18-000072
Zendesk, Inc. · ZEN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Adrian McDermott
Officer — President of Products
Period of report
May 15, 2018
Accepted (ET)
May 17, 2018 · 4:17 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 StockF1,F2 | May 15, 2018 | M | 2,604 | — | A | 84,671 | D | |
| Common StockF3 | May 15, 2018 | F | 1,292 | $55.00 | D | 83,379 | D | |
| Common StockF1 | May 15, 2018 | M | 226 | — | A | 83,605 | D | |
| Common StockF3 | May 15, 2018 | F | 113 | $55.00 | D | 83,492 | D | |
| Common StockF1 | May 15, 2018 | M | 233 | — | A | 83,725 | D | |
| Common StockF3 | May 15, 2018 | F | 116 | $55.00 | D | 83,609 | D | |
| Common StockF1 | May 15, 2018 | M | 459 | — | A | 84,068 | D | |
| Common StockF3 | May 15, 2018 | F | 228 | $55.00 | D | 83,840 | D | |
| Common StockF1 | May 15, 2018 | M | 75 | — | A | 83,915 | D | |
| Common StockF3 | May 15, 2018 | F | 38 | $55.00 | D | 83,877 | D | |
| Common Stock | May 16, 2018 | S | 915 | $55.00 | D | 82,962 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1,F5 | — | May 15, 2018 | M | 2,604 | D | — | Feb 5, 2022 | Common Stock | 2,604 | 23,440 | D |
| Restricted Stock UnitF1,F6 | — | May 15, 2018 | M | 226 | D | — | May 6, 2023 | Common Stock | 226 | 5,426 | D |
| Restricted Stock UnitF1,F7 | — | May 15, 2018 | M | 233 | D | — | May 9, 2024 | Common Stock | 233 | 8,401 | D |
| Restricted Stock UnitF1,F8 | — | May 15, 2018 | M | 459 | D | — | Feb 8, 2025 | Common Stock | 459 | 20,167 | D |
| Restricted Stock UnitF1,F9 | — | May 15, 2018 | M | 75 | D | — | Feb 8, 2025 | Common Stock | 75 | 601 | D |
Explanation of responses
- F1Restricted stock units convert into common stock on a one-for-one basis.
- F2Includes 915 shares acquired by the Reporting Person on May 14, 2018 pursuant to the Issuer's Employee Stock Purchase Plan in a transaction exempt under Rule 16b-3(c).
- 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.
- F4This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted on February 28, 2018 by Adrian McDermott.
- 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. Unvested shares are subject to acceleration upon the occurrence of certain events.
- F61/48th of the shares issuable pursuant to the restricted stock units shall vest each month after the vesting commencement date of May 15, 2016, 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.
- F71/48th of the shares issuable pursuant to the restricted stock units shall vest each month after the vesting commencement date of May 15, 2017, 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.
- F81/48th of the shares issuable pursuant to the restricted stock units shall vest each month after the vesting commencement date of January 15, 2018, 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.
- F91/12th of the shares issuable pursuant to the restricted stock units shall vest each month after the vesting commencement date of January 15, 2018, 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.