SEC Form 4 · accession 0000899243-17-027320
Sailpoint Technologies Holdings, Inc. · SAIL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Michael Pflaging
Director
Period of report
Nov 20, 2017
Accepted (ET)
Nov 22, 2017 · 5:03 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001627857
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Nov 20, 2017 | A | 8,263 | $0.00 | A | 8,263 | D | |
| Common StockF1,F2 | Nov 21, 2017 | C | 22,614 | $0.00 | A | 172,062 | I | By MMJ Living Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series A Convertible Preferred StockF1,F2 | — | Nov 21, 2017 | C | 248 | D | — | — | Common Stock | 22,614 | 0 | I |
Explanation of responses
- F1Immediately prior to completion of the issuer's initial public offering on November 21, 2017, each share of preferred stock automatically converted into a number of shares of common stock equal to the result of the liquidation value of such share of preferred stock, divided by the initial public offering price per share of common stock of $12.00. The liquidation value for each share of preferred stock was equal to $1,000 plus accrued and unpaid dividends on such share of preferred stock. There was no expiration date.
- F2Mr. Pflaging is a co-trustee for the MMJ Living Trust (the "Trust"), the beneficiary of which is an immediate family member of Mr. Pflaging's. As such, Mr. Pflaging may be deemed to beneficially own all of the shares held by the Trust; however, Mr. Pflaging disclaims beneficial ownership of the shares held by the Trust except to the extent of his pecuniary interest therein.