NEXT WORLD CAPITAL I, LLC 4
4 · ZUORA INC · Filed Apr 16, 2018
Insider Transaction Report
Form 4
ZUORA INCZUO
Transactions
- Conversion
Series E Preferred Stock
2018-04-16−1,978,109→ 0 total→ Class B Common Stock (1,978,109 underlying) - Conversion
Series F Preferred Stock
2018-04-16−315,847→ 0 total→ Class B Common Stock (315,847 underlying) - Conversion
Class B Common Stock
2018-04-16+2,293,956→ 2,293,956 total→ Class A Common Stock (2,293,956 underlying)
Footnotes (2)
- [F1]In connection with the consummation of the Issuer's initial public offering on April 16, 2018, each share of Series E Preferred Stock and Series F Preferred Stock automatically converted into one (1) share of Common Stock for no additional consideration, and had no expiration date. All shares of Common Stock issued upon conversion were aggregated.
- [F2]Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock and will automatically convert into one share of Class A Common Stock upon the date that is the earlier of (i) the date specified by a vote of the holders of 66 2/3% of the outstanding shares of Class B Common Stock, (ii) ten years from the closing of the Issuer's initial public offering, and (iii) the date that the total number of shares of the Issuer's Class B Common Stock outstanding ceases to represent at least 5% of all outstanding shares of the Issuer's Common Stock. In addition, each share of Class B Common Stock will automatically convert into one share of Class A Common Stock upon any transfer, whether or not for value, which occurs after the closing of the Issuer's initial public offering, subject to certain exceptions.