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