SEQUOIA CAPITAL U.S. GROWTH VII PRINCIPALS FUND, L.P. 4

Accession 0000899243-19-028977

CIK 0001585521other

View on SEC.gov Company Profile

Filed

Dec 10, 7:00 PM ET

Accepted

Dec 11, 7:40 PM ET

Size

39.0 KB

Accession

0000899243-19-028977

Insider Transaction Report

Form 4

Period: 2019-12-09

Zoom Video Communications, Inc.ZM

SC US (TTGP), LTD.

10% Owner

Transactions

Conversion
Class B Common Stock
2019-12-09−647,046→ 5,176,371 total(indirect: Sequoia Capital Global Growth Fund II, L.P.)
→ Class A Common Stock (647,046 underlying)
Conversion
Class B Common Stock
2019-12-09−8,021→ 64,163 total(indirect: Sequoia Capital Global Growth II Principals Fund, L.P.)
→ Class A Common Stock (8,021 underlying)
Conversion
Class A Common Stock
2019-12-09+38,908→ 38,908 total(indirect: Sequoia Capital U.S. Growth Fund V, LP)
Other
Class A Common Stock
2019-12-09−1,881,643→ 0 total(indirect: Sequoia Capital U.S. Growth Fund VII, LP)
Conversion
Class B Common Stock
2019-12-09−1,881,643→ 15,053,148 total(indirect: Sequoia Capital U.S. Growth Fund VII, LP)
→ Class A Common Stock (1,881,643 underlying)
Conversion
Class A Common Stock
2019-12-09+122,450→ 122,450 total(indirect: Sequoia Capital U.S. Growth VII Principals Fund, LP)
Other
Class A Common Stock
2019-12-09−647,046→ 0 total(indirect: Sequoia Capital Global Growth Fund II, L.P.)
Other
Class A Common Stock
2019-12-09−122,450→ 0 total(indirect: Sequoia Capital U.S. Growth VII Principals Fund, LP)
Other
Class A Common Stock
2019-12-09−38,908→ 0 total(indirect: Sequoia Capital U.S. Growth Fund V, LP)
Conversion
Class B Common Stock
2019-12-09−122,450→ 979,599 total(indirect: Sequoia Capital U.S. Growth VII Principals Fund, LP)
→ Class A Common Stock (122,450 underlying)
Conversion
Class A Common Stock
2019-12-09+1,881,643→ 1,881,643 total(indirect: Sequoia Capital U.S. Growth Fund VII, LP)
Conversion
Class A Common Stock
2019-12-09+647,046→ 647,046 total(indirect: Sequoia Capital Global Growth Fund II, L.P.)
Conversion
Class A Common Stock
2019-12-09+8,021→ 8,021 total(indirect: Sequoia Capital Global Growth II Principals Fund, L.P.)
Other
Class A Common Stock
2019-12-09−8,021→ 0 total(indirect: Sequoia Capital Global Growth II Principals Fund, L.P.)
Conversion
Class B Common Stock
2019-12-09−38,908→ 155,630 total(indirect: Sequoia Capital U.S. Growth Fund V, LP)
→ Class A Common Stock (38,908 underlying)

SEQUOIA CAPITAL U.S. GROWTH VII PRINCIPALS FUND, L.P.

10% Owner

Transactions

Conversion
Class B Common Stock
2019-12-09−122,450→ 979,599 total(indirect: Sequoia Capital U.S. Growth VII Principals Fund, LP)
→ Class A Common Stock (122,450 underlying)
Conversion
Class A Common Stock
2019-12-09+122,450→ 122,450 total(indirect: Sequoia Capital U.S. Growth VII Principals Fund, LP)
Conversion
Class A Common Stock
2019-12-09+38,908→ 38,908 total(indirect: Sequoia Capital U.S. Growth Fund V, LP)
Other
Class A Common Stock
2019-12-09−1,881,643→ 0 total(indirect: Sequoia Capital U.S. Growth Fund VII, LP)
Other
Class A Common Stock
2019-12-09−38,908→ 0 total(indirect: Sequoia Capital U.S. Growth Fund V, LP)
Other
Class A Common Stock
2019-12-09−8,021→ 0 total(indirect: Sequoia Capital Global Growth II Principals Fund, L.P.)
Conversion
Class B Common Stock
2019-12-09−1,881,643→ 15,053,148 total(indirect: Sequoia Capital U.S. Growth Fund VII, LP)
→ Class A Common Stock (1,881,643 underlying)
Conversion
Class B Common Stock
2019-12-09−38,908→ 155,630 total(indirect: Sequoia Capital U.S. Growth Fund V, LP)
→ Class A Common Stock (38,908 underlying)
Conversion
Class A Common Stock
2019-12-09+647,046→ 647,046 total(indirect: Sequoia Capital Global Growth Fund II, L.P.)
Conversion
Class A Common Stock
2019-12-09+8,021→ 8,021 total(indirect: Sequoia Capital Global Growth II Principals Fund, L.P.)
Other
Class A Common Stock
2019-12-09−647,046→ 0 total(indirect: Sequoia Capital Global Growth Fund II, L.P.)
Other
Class A Common Stock
2019-12-09−122,450→ 0 total(indirect: Sequoia Capital U.S. Growth VII Principals Fund, LP)
Conversion
Class A Common Stock
2019-12-09+1,881,643→ 1,881,643 total(indirect: Sequoia Capital U.S. Growth Fund VII, LP)
Conversion
Class B Common Stock
2019-12-09−647,046→ 5,176,371 total(indirect: Sequoia Capital Global Growth Fund II, L.P.)
→ Class A Common Stock (647,046 underlying)
Conversion
Class B Common Stock
2019-12-09−8,021→ 64,163 total(indirect: Sequoia Capital Global Growth II Principals Fund, L.P.)
→ Class A Common Stock (8,021 underlying)

Footnotes (6)

[F1]SC US (TTGP), Ltd. is the general partner of SC Global Growth II Management, L.P., which is the general partner of each of Sequoia Capital Global Growth Fund II, L.P. and Sequoia Capital Global Growth II Principals Fund, L.P. or collectively, the SC GGFII Funds. As a result, SC US (TTGP), Ltd. and SC Global Growth II Management, L.P. may be deemed to share voting and dispositive power with respect to the shares held by the SC GGFII Funds. In addition, the directors and stockholders of SC US (TTGP), Ltd. who exercise voting and investment discretion with respect to the SC GGFII Funds are Messrs. Douglas M. Leone and Michael Abramson. As a result, and by virtue of the relationships described in this footnote, each such person may be deemed to share voting and dispositive power with respect to the shares held by the SC GGFII Funds.
[F2](Continued from footnote 1) Each of Messrs. Douglas M. Leone and Michael Abramson, SC US (TTGP), Ltd. and SC Global Growth II Management, L.P. disclaims beneficial ownership of the securities held by the SC GGFII Funds except to the extent of their pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
[F3]SC US (TTGP), Ltd. is the general partner of SC U.S. Growth VII Management, L.P., which is the general partner of each of Sequoia Capital U.S. Growth Fund VII, LP and Sequoia Capital U.S. Growth VII Principals Fund, LP or collectively, the SC US GFVII Funds. As a result, SC US (TTGP), Ltd. and SC U.S. Growth VII Management, L.P. may be deemed to share voting and dispositive power with respect to the shares held by the SC US GFVII Funds. Each of SC US (TTGP), Ltd. and SC U.S. Growth VII Management, L.P. disclaims beneficial ownership of the securities held by the SC US GFVII Funds except to the extent of its pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
[F4]SC US (TTGP), Ltd. is the general partner of SCGF V Management, L.P., which is the general partner of Sequoia Capital U.S. Growth Fund V, LP. As a result, SC US (TTGP), Ltd. and SCGF V Management, L.P. may be deemed to share voting and dispositive power with respect to the shares held by Sequoia Capital U.S. Growth Fund V, LP. Each of SC US (TTGP), Ltd. and SCGF V Management, L.P. disclaims beneficial ownership of the securities held by Sequoia Capital U.S. Growth Fund V, LP. except to the extent of its pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
[F5]Represents a pro rata distribution of Class A Common Stock of the Issuer to partners or members for no consideration and includes subsequent distributions by general partners or managing members to their respective partners or members.
[F6]Each share of Class B Common Stock is convertible at the option of the Reporting Person into one share of Class A Common Stock and has no expiration date. Each share of Class B Common Stock held by the Reporting Person will automatically convert into one share of Class A Common Stock upon (a) other than Eric S. Yuan, the death of the Reporting Person, or (b) any transfer by the Reporting Person 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.

Documents

1 file

4
doc4.xmlPrimary
FORM 4 SUBMISSION

Issuer

Zoom Video Communications, Inc.

CIK 0001585521

→

Entity typeother

IncorporatedCayman Islands

Related Parties

filerCIK 0001656513

Filing Metadata

Form type: 4
Filed: Dec 10, 7:00 PM ET
Accepted: Dec 11, 7:40 PM ET
Size: 39.0 KB

View on SEC.gov