SEC Form 4 · accession 0001225208-17-011398
Yext, Inc. · YEXT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew T Sheehan
Director
Period of report
Jun 13, 2017
Accepted (ET)
Jun 15, 2017 · 6:09 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001614178
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jun 13, 2017 | A | 10,845 | $0.00 | A | 10,845 | D | |
| Common StockF2 | holding | — | — | — | 447,048 | I | By Ltd Partnership | |
| Common StockF3,F4 | holding | — | — | — | 8,614,633 | I | By Ltd Partnership (SHV) | |
| Common StockF5 | holding | — | — | — | 263,671 | I | By Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Annual grant in connection with service on the Board of Directors. The shares represent restricted stock units that were received as an award, for no consideration. 100% of the shares subject to award shall vest on June 20, 2018, subject to the reporting person's continued service to the Issuer on such date.
- F2Shares held by Tippet Venture Partners, L.P. of which the reporting person is the managing director of the general partner of Tippet Venture Partners, L.P. The reporting person disclaims beneficial ownership in these shares except as to the reporting person's pecuniary interest therein.
- F3Reflects the distribution of 1,567,084 shares of the Issuer's common stock by Sutter Hill Ventures, a California Limited Partnership ("SHV") to a limited partner of SHV (the "Limited Partner") in connection with the liquidation of the Limited Partner's interest in SHV in return for its ratable share of the holdings of SHV, as decribed in greater detail in the Form 4 filed by SHV on June 2, 2017. Because the distribution of shares did not impact the reporting person's pecuniary interest in the shares held by SHV, the distribution did not require a Section 16 filing by the reporting person.
- F4Shares held by SHV. The reporting person is a managing director of the general partner of SHV, but does not have or share voting or dispositive power over these shares. The inclusion of such shares herein shall not be deemed an admission that the reporting person is the beneficial owner of such shares for the purpose of Section 16 of the Securities and Exchange Act of 1934 ("Section 16"), or for any other purpose. To the extent that the reporting person is considered to beneficially own such shares for the purpose of Section 16, the reporting person disclaims beneficial ownership in these shares except as to the reporting person's pecuniary interest therein.
- F5Shares held by a trust of which the reporting person is a trustee. The reporting person disclaims beneficial ownership in these shares except as to the reporting person's pecuniary interest therein.