SEC Form 4 · accession 0001463172-18-000086
Zendesk, Inc. · ZEN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Lyle Frandsen
Director
Period of report
May 15, 2018
Accepted (ET)
May 17, 2018 · 5:26 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 | A | 225 | — | A | 523 | D | |
| Common StockF2 | May 16, 2018 | M | 3,058 | — | A | 3,581 | 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 UnitF2,F3 | — | May 16, 2018 | M | 3,058 | D | May 16, 2018 | Nov 25, 2024 | Common Stock | 3,058 | 0 | D |
Explanation of responses
- F1Pursuant to the Issuer's Amended and Restated Non-Employee Director Compensation Policy, the Reporting Person has elected to receive fully-vested restricted stock units in lieu of the retainer fees payable for services on the Issuer's Board of Directors and any committees thereof. The number of shares of common stock issuable pursuant to the restricted stock units represents the quotient of (i) one-quarter of all applicable annual retainer fees divided by (ii) the average closing price of the Issuer's common stock over the 30 trading days prior to the date of grant.
- F2Restricted stock units convert into common stock on a one-for-one basis.
- F3The Restricted Stock Units grant fully vested on May 16, 2018.