Shasta Ventures II LP 4
4 · ZUORA INC · Filed Apr 16, 2018
Insider Transaction Report
Form 4
ZUORA INCZUO
Shasta Ventures II LP
Director
Transactions
- Conversion
Series B Preferred Stock
2018-04-16−5,192,523→ 0 total→ Class B Common Stock (5,192,523 underlying) - Conversion
Series D Preferred Stock
2018-04-16−706,396→ 0 total→ Class B Common Stock (706,396 underlying) - Conversion
Series E Preferred Stock
2018-04-16−494,527→ 0 total→ Class B Common Stock (494,527 underlying) - Conversion
Series F Preferred Stock
2018-04-16−65,801→ 0 total→ Class B Common Stock (65,801 underlying) - Conversion
Series C Preferred Stock
2018-04-16−1,224,915→ 0 total→ Class B Common Stock (1,224,915 underlying) - Conversion
Class B Common Stock
2018-04-16+7,684,162→ 7,684,162 total→ Class A Common Stock (7,684,162 underlying)
Footnotes (3)
- [F1]Each share of the issuer's Class B Common Stock will convert into 1 share of the issuer's Class A Common Stock (a) at the option of the holder and (b) automatically upon (i) any transfer which occurs after the closing of the issuer's initial public offering ("IPO"), except for certain permitted transfers, and (ii) the date that is the earliest of (x) the date specified by a vote of the holders of not less than 66 2/3% of the outstanding shares of Class B Common Stock, (y) ten years from the effective date of the IPO and (z) the date that the total number of shares of outstanding Class B Common Stock ceases to represent at least 5% of all outstanding shares of the issuer's common stock, and has no expiration date.
- [F2]Each share of the issuer's Series B Preferred Stock, Series C Preferred Stock, Series D Preferred Stock, Series E Preferred Stock, and Series F Preferred Stock will automatically convert into 1 share of the issuer's Class B Common Stock immediately upon the closing of the issuer's IPO and has no expiration date.
- [F3]Shasta Ventures II GP, LLC is the general partner of Shasta Ventures II, L.P. Jason Pressman, a member of the issuer's Board of Directors, Robert Coneybeer, Tod Francis, and Ravi Mohan are the managing members of Shasta Ventures II GP, LLC and each of them may be deemed to exercise voting and investment power over the shares held of record by Shasta Ventures II, L.P.