0001193125-20-036493.txt : 20200214 0001193125-20-036493.hdr.sgml : 20200214 20200214062606 ACCESSION NUMBER: 0001193125-20-036493 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20200214 DATE AS OF CHANGE: 20200214 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Cloudflare, Inc. CENTRAL INDEX KEY: 0001477333 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 270805829 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-91163 FILM NUMBER: 20613643 BUSINESS ADDRESS: STREET 1: 101 TOWNSEND ST. CITY: SAN FRANCISCO STATE: CA ZIP: 94107 BUSINESS PHONE: 888.993.5273 MAIL ADDRESS: STREET 1: 101 TOWNSEND ST. CITY: SAN FRANCISCO STATE: CA ZIP: 94107 FORMER COMPANY: FORMER CONFORMED NAME: CloudFlare, Inc. DATE OF NAME CHANGE: 20091120 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Zatlyn Michelle CENTRAL INDEX KEY: 0001786951 FILING VALUES: FORM TYPE: SC 13G MAIL ADDRESS: STREET 1: C/O CLOUDFLARE, INC. STREET 2: 101 TOWNSEND STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94107 SC 13G 1 d832559dsc13g.htm SC 13G SC 13G

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No.     )*

 

 

CLOUDFLARE, INC.

(Name of Issuer)

Class A Common Stock, $0.001 par value per share

(Title of Class of Securities)

18915M 107

(CUSIP Number)

December 31, 2019

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☐ Rule 13d-1(c)

☒ Rule 13d-1(d)

 

*

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 


CUSIP No. 18915M 107    Page 2

 

  1   

NAME OF REPORTING PERSON:

 

Michelle Zatlyn

 

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY):

 

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):

(a)  ☐        (b)  ☐

 

    

  3  

SEC USE ONLY:

 

    

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION:

 

United States

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

4,000,000(1)(2)

   6   

SHARED VOTING POWER

 

10,574,974(2)(3)

   7   

SOLE DISPOSITIVE POWER

 

4,000,000(1)(2)

   8   

SHARED DISPOSITIVE POWER

 

10,574,974(2)(3)

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:

 

14,574,974(1)(2)(3)

10  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):  ☐

 

    

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):

 

14.4%(2)(4)(5)

12  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):

 

IN

 

(1) 

Consists of 4,000,000 shares of Class B common stock subject to options exercisable within 60 days of December 31, 2019. Of the reported shares, 3,750,000 are subject to the Issuer’s repurchase right as of December 31, 2019.

(2) 

Each share of Class B common stock is convertible at any time into one share of Class A common stock.

(3) 

Consists of (i) 8,532,756 shares of Class B common stock held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016 for which the Reporting Person serves as co-trustee; (ii) 1,242,218 shares of Class B common stock held of record by The Sutherland/Zatlyn 2017 Annuity Trust dated December 15, 2017, for which the Reporting Person serves as co-trustee; and (iii) 800,000 shares of Class B common stock held of record by The Sutherland/Zatlyn 2019 Annuity Trust dated February 28, 2019, for which the Reporting Person serves as co-trustee.

(4) 

Based on the quotient obtained by dividing (a) the aggregate amount beneficially owned by the Reporting Person as set forth in Row 9 by (b) the sum of (i) 86,870,214 shares of Class A common stock outstanding as of November 8, 2019, as reported in the Issuer’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2019, filed with the Securities and Exchange Commission on November 12, 2019 (the “Form 10-Q”) and (ii) 14,574,974 shares of Class B common stock beneficially owned by the Reporting Person. The aggregate number of shares of Class B common stock beneficially owned by the Reporting Person as set forth in clause “(a)” of this footnote are treated as converted into Class A common stock only for the purpose of computing the percentage ownership of the Reporting Person.

(5) 

Each share of Class A common stock is entitled to one vote and each share of Class B common stock is entitled to ten votes. There were 213,320,072 shares of Class B common stock outstanding as of November 8, 2019, as reported in the Form 10-Q, including the 10,574,974 shares of Class B common stock beneficially owned by the Reporting Person as set forth in footnote “(3)” above. The percentage reported does not reflect the ten for one voting power of the Class B common stock because these shares are treated as converted into Class A common stock for the purpose of this report.


Item 1

(a)   Name of Issuer:

Cloudflare, Inc.

(b)  Address of Issuer’s Principal Executive Offices:

101 Townsend Street

San Francisco, California 94107

Item 2

(a)   Names of Person Filing:

Michelle Zatlyn

(b)  Address or principal business office or, if none, residence:

The address for the principal business office of Ms. Zatlyn is:

c/o Cloudflare, Inc.

101 Townsend Street

San Francisco, California 94107

(c)   Citizenship:

United States

(d)  Title and Class of Securities:

Class A common stock, par value $0.001 per share.

(e)   CUSIP No.:

18915M 107

Item 3. If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a:

Not applicable.

Item 4. Ownership

(a)   Amount beneficially owned: 14,574,974

(b)  Percent of class: 14.4

(c)   Number of shares as to which the person has:

(i) Sole power to direct the vote: 4,000,000(1)(2)

(ii) Shared power to direct the vote: 10,574,974(2)(3)

(iii) Sole power to dispose or to direct the disposition of: 4,000,000 (1)(2)


(iv) Shared power to dispose or to direct the disposition of: 10,574,974 (2)(3)

(1)  Consists of 4,000,000 shares of Class B common stock subject to options exercisable within 60 days of December 31, 2019. Of the reported shares, 3,750,000 are subject to the Issuer’s repurchase right as of December 31, 2019.

(2)  Each share of Class B common stock is convertible at any time into one share of Class A common stock.

(3)  Consists of (i) 8,532,756 shares of Class B common stock held of record by shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016 for which the Reporting Person serves as co-trustee; (ii) 1,242,218 shares of Class B common stock held of record by The Sutherland/Zatlyn 2017 Annuity Trust dated December 15, 2017, for which the Reporting Person serves as co-trustee; and (iii) 800,000 shares of Class B common stock held of record by The Sutherland/Zatlyn 2019 Annuity Trust dated February 28, 2019, for which the Reporting Person serves as co-trustee.

Item 5. Ownership of Five Percent or Less of a Class

Not applicable.

Item 6. Ownership of More than 5 Percent on Behalf of Another Person

Not applicable.

Item 7. Identification and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

Not applicable.

Item 8. Identification and Classification of Members of the Group

Not applicable.

Item 9. Notice of Dissolution of Group

Not applicable.

Item 10. Certifications

Not applicable.


SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: February 14, 2020

 

/s/ Michelle Zatlyn

Michelle Zatlyn