0001423774-19-000121.txt : 20191101
0001423774-19-000121.hdr.sgml : 20191101
20191101161041
ACCESSION NUMBER: 0001423774-19-000121
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20191030
FILED AS OF DATE: 20191101
DATE AS OF CHANGE: 20191101
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Traube Robert J.
CENTRAL INDEX KEY: 0001791403
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38451
FILM NUMBER: 191186934
MAIL ADDRESS:
STREET 1: C/O ZUORA, INC.
STREET 2: 3050 SOUTH DELAWARE STREET, SUITE 301
CITY: SAN MATEO
STATE: CA
ZIP: 94403
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: ZUORA INC
CENTRAL INDEX KEY: 0001423774
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372]
IRS NUMBER: 205530976
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0131
BUSINESS ADDRESS:
STREET 1: 3050 SOUTH DELAWARE STREET
STREET 2: SUITE 301
CITY: SAN MATEO
STATE: CA
ZIP: 94403
BUSINESS PHONE: 800-425-1281
MAIL ADDRESS:
STREET 1: 3050 SOUTH DELAWARE STREET
STREET 2: SUITE 301
CITY: SAN MATEO
STATE: CA
ZIP: 94403
4
1
wf-form4_157263902482901.xml
FORM 4
X0306
4
2019-10-30
0
0001423774
ZUORA INC
ZUO
0001791403
Traube Robert J.
C/O ZUORA, INC.
3050 S. DELAWARE ST., #301
SAN MATEO
CA
94403
0
1
0
0
Chief Revenue Officer
Class A Common Stock
2019-10-30
4
A
0
100000
0
A
100000
D
Class A Common Stock
2019-10-30
4
A
0
100000
0
A
200000
D
Class A Common Stock
2019-10-31
4
S
0
48973
14.39
D
151027
D
Stock Option (Right to buy Class A Common Stock)
14.35
2019-10-30
4
A
0
75000
0
A
2029-10-30
Class A Common Stock
75000.0
75000
D
Stock Option (Right to buy Class A Common Stock)
14.35
2019-10-30
4
A
0
50000
0
A
2029-10-30
Class A Common Stock
50000.0
100000
D
Stock Option (Right to buy Class A Common Stock)
14.35
2019-10-30
4
A
0
250000
0
A
2029-10-30
Class A Common Stock
250000.0
500000
D
Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement for no consideration.
The RSU vests over four years, with 1/4 of the total shares vesting on September 30, 2020 and the remaining shares vesting as to 1/16 of the total shares quarterly thereafter, so long as the Reporting Person continues to provide services to the Issuer through each vesting date.
The RSU vested fully on October 30, 2019, the Reporting Person's employment start date with the Issuer.
This transaction represents shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of the RSUs listed in row 2 of Table I. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.
The option vests over four years, with 1/48 of the total shares vesting on the first monthly anniversary of the vesting commencement date and the remaining shares vesting as to 1/48 of the total shares monthly thereafter, so long as the Reporting Person continues to provide services to the Issuer through each vesting date. The vesting commencement date for this option will be the vesting start date for the refresh stock grants to be awarded to the other members of Zuora's executive management team in calendar year 2021 (provided that such date shall be no later than May 1, 2021).
The option vests over four years, with 1/48 of the total shares vesting on the first monthly anniversary of the vesting commencement date and the remaining shares vesting as to 1/48 of the total shares monthly thereafter, so long as the Reporting Person continues to provide services to the Issuer through each vesting date. The vesting commencement date for this option will be the vesting start date for the refresh stock grants to be awarded to the other members of Zuora's executive management team in calendar year 2022 (provided that such date shall be no later than May 1, 2022).
The option vests over four years, with 1/4 of the total shares vesting on October 30, 2020 and the remaining shares vesting as to 1/48 of the total shares monthly thereafter, so long as the Reporting Person continues to provide services to the Issuer through each vesting date.
/s/ Jennifer Pileggi as attorney-in-fact for Robert J. Traube
2019-11-01