0001585521-20-000180.txt : 20200618
0001585521-20-000180.hdr.sgml : 20200618
20200618183956
ACCESSION NUMBER: 0001585521-20-000180
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200616
FILED AS OF DATE: 20200618
DATE AS OF CHANGE: 20200618
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Subotovsky Santiago
CENTRAL INDEX KEY: 0001773806
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38865
FILM NUMBER: 20973816
MAIL ADDRESS:
STREET 1: C/O EMERGENCE CAPITAL PARTNERS
STREET 2: 160 BOVENT ROAD SUITE 300
CITY: SAN MATEO
STATE: CA
ZIP: 94402
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Zoom Video Communications, Inc.
CENTRAL INDEX KEY: 0001585521
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370]
IRS NUMBER: 611648780
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0131
BUSINESS ADDRESS:
STREET 1: 55 ALMADEN BOULEVARD, 6TH FLOOR
CITY: SAN JOSE
STATE: CA
ZIP: 95113
BUSINESS PHONE: (888) 799-9666
MAIL ADDRESS:
STREET 1: 55 ALMADEN BOULEVARD, 6TH FLOOR
CITY: SAN JOSE
STATE: CA
ZIP: 95113
4
1
wf-form4_159251997877070.xml
FORM 4
X0306
4
2020-06-16
0
0001585521
Zoom Video Communications, Inc.
ZM
0001773806
Subotovsky Santiago
160 BOVET ROAD, SUITE 300
SAN MATEO
CA
94402
1
0
0
0
Class A Common Stock
2020-06-16
4
C
0
5348400
0
A
5348400
I
See footnote
Class A Common Stock
2020-06-16
4
J
0
5348400
0
D
0
I
See footnote
Class A Common Stock
2020-06-16
4
C
0
651600
0
A
651600
I
See footnote
Class A Common Stock
2020-06-16
4
J
0
651600
0
D
0
I
See footnote
Class A Common Stock
73168
I
By Emergence Equity Partners III, L.P.
Class A Common Stock
2020-06-16
4
J
0
76381
0
A
219843
D
Class B Common Stock
2020-06-16
4
C
0
5348400
0
D
Class A Common Stock
5348400.0
10687268
I
See footnote
Class B Common Stock
2020-06-16
4
C
0
651600
0
D
Class A Common Stock
651600.0
1301557
I
See footnote
On June 16, 2020, Emergence Capital Partners III, L.P. ("Emergence") converted in the aggregate 5,348,400 shares of the Issuer's Class B Common Stock into 5,348,400 shares of the Issuer's Class A Common Stock. Subsequently on the same date, Emergence distributed in-kind, without consideration, all 5,348,400 shares of Class A Common Stock pro-rata to its partners, including its limited partners and its general partner, Emergence Equity Partners III, L.P. ("EEP III"), in accordance with the exemption under Rule 16a-9(a) and Rule 16a-13 of the Securities Exchange Act of 1934, as amended. Upon receipt by EEP III of its pro rata interest of the distribution (1,142,664 shares of Class A Common Stock), EEP III distributed in-kind, without consideration, 1,077,516 of such shares pro-rata to its limited partners in accordance with the exemption under Rule 16a-9(a) and Rule 16a-13 of the Securities Exchange Act of 1934, as amended.
Shares held directly by Emergence. The sole general partner of Emergence is Emergence Equity Partners III, L.P. ("EEP III"), and the sole general partner of EEP III is Emergence GP Partners, LLC ("EGP"). The Reporting Person is a member of EEP III. The Reporting Person disclaims Section 16 beneficial ownership of the shares held by Emergence, except to the extent, if any, of his pecuniary interest therein, and this report shall not be deemed an admission that he is the beneficial owner of such shares for Section 16 or any other purpose.
On June 16, 2020, EZP Opportunity, L.P. ("EZP") converted in the aggregate 651,600 shares of the Issuer's Class B Common Stock into 651,600 shares of the Issuer's Class A Common Stock. Subsequently on the same date, EZP distributed in-kind, without consideration, all 651,600 shares of Class A Common Stock pro-rata to its partners, including its limited partners and its general partner, EEP III, in accordance with the exemption under Rule 16a-9(a) and Rule 16a-13 of the Securities Exchange Act of 1934, as amended. Upon receipt by EEP III of its pro rata interest of the distribution (130,320 shares of Class A Common Stock), EEP III distributed in-kind, without consideration, 122,300 of such shares pro-rata to its limited partners in accordance with the exemption under Rule 16a-9(a) and Rule 16a-13 of the Securities Exchange Act of 1934, as amended.
Shares held directly by EZP. The sole general partner of EZP is EEP III, and the sole general partner of EEP III is EGP. The Reporting Person disclaims Section 16 beneficial ownership of the shares held by EZP, except to the extent, if any, of his pecuniary interest therein, and this report shall not be deemed an admission that he is the beneficial owner of such shares for Section 16 or any other purpose.
Represents the receipt of shares of Class A Common Stock of the Issuer by virtue of the pro-rata distributions described above.
Each share of Class B Common Stock is convertible at the option of Emergence and EZP, as applicable, into one share of Class A Common Stock and has no expiration date. Each share of Class B Common Stock held by Emergence and EZP, as applicable, will automatically convert into one share of Class A Common Stock upon any transfer by Emergence and EZP, as applicable, except certain "Permitted Transfers" described in the Issuer's certificate of incorporation. All outstanding shares of Class B Common Stock will convert into shares of Class A Common Stock upon the earliest of (i) six months following the death or incapacity of Mr. Yuan, (ii) six months following the date that Mr. Yuan ceases providing services to the Issuer, (iii) the date specified by the holders of a majority of the shares of Class B Common Stock, and (iv) the 15-year anniversary of the closing of the Issuer's initial public offering.
/s/ Aparna Bawa, Attorney-in-Fact
2020-06-18