4//SEC Filing
Emergence Capital Partners III, L.P. 4
Accession 0000899243-20-007610
CIK 0001585521other
Filed
Mar 8, 8:00 PM ET
Accepted
Mar 9, 4:10 PM ET
Size
24.3 KB
Accession
0000899243-20-007610
Insider Transaction Report
Form 4
Emergence Equity Partners III, L.P.
10% Owner
Transactions
- Conversion
Class B Common Stock
2020-03-05−434,400→ 2,387,557 total(indirect: By EZP Opportunity, L.P.)→ Class A Common Stock (434,400 underlying) - Conversion
Class A Common Stock
2020-03-05+3,565,600→ 3,565,600 total(indirect: By Emergence Capital Partners III, L.P.) - Other
Class A Common Stock
2020-03-05−3,565,600→ 0 total(indirect: By Emergence Capital Partners III, L.P.) - Conversion
Class A Common Stock
2020-03-05+434,400→ 434,400 total(indirect: By EZP Opportunity, L.P.) - Other
Class A Common Stock
2020-03-05−434,400→ 0 total(indirect: By EZP Opportunity, L.P.) - Conversion
Class B Common Stock
2020-03-05−3,565,600→ 19,601,268 total(indirect: By Emergence Capital Partners III, L.P.)→ Class A Common Stock (3,565,600 underlying)
EZP Opportunity, L.P.
10% Owner
Transactions
- Other
Class A Common Stock
2020-03-05−3,565,600→ 0 total(indirect: By Emergence Capital Partners III, L.P.) - Conversion
Class B Common Stock
2020-03-05−3,565,600→ 19,601,268 total(indirect: By Emergence Capital Partners III, L.P.)→ Class A Common Stock (3,565,600 underlying) - Conversion
Class A Common Stock
2020-03-05+434,400→ 434,400 total(indirect: By EZP Opportunity, L.P.) - Conversion
Class A Common Stock
2020-03-05+3,565,600→ 3,565,600 total(indirect: By Emergence Capital Partners III, L.P.) - Other
Class A Common Stock
2020-03-05−434,400→ 0 total(indirect: By EZP Opportunity, L.P.) - Conversion
Class B Common Stock
2020-03-05−434,400→ 2,387,557 total(indirect: By EZP Opportunity, L.P.)→ Class A Common Stock (434,400 underlying)
EMERGENCE GP PARTNERS, LLC
10% Owner
Transactions
- Conversion
Class A Common Stock
2020-03-05+434,400→ 434,400 total(indirect: By EZP Opportunity, L.P.) - Conversion
Class B Common Stock
2020-03-05−434,400→ 2,387,557 total(indirect: By EZP Opportunity, L.P.)→ Class A Common Stock (434,400 underlying) - Other
Class A Common Stock
2020-03-05−3,565,600→ 0 total(indirect: By Emergence Capital Partners III, L.P.) - Other
Class A Common Stock
2020-03-05−434,400→ 0 total(indirect: By EZP Opportunity, L.P.) - Conversion
Class B Common Stock
2020-03-05−3,565,600→ 19,601,268 total(indirect: By Emergence Capital Partners III, L.P.)→ Class A Common Stock (3,565,600 underlying) - Conversion
Class A Common Stock
2020-03-05+3,565,600→ 3,565,600 total(indirect: By Emergence Capital Partners III, L.P.)
Emergence Capital Partners III, L.P.
10% Owner
Transactions
- Conversion
Class A Common Stock
2020-03-05+3,565,600→ 3,565,600 total(indirect: By Emergence Capital Partners III, L.P.) - Other
Class A Common Stock
2020-03-05−3,565,600→ 0 total(indirect: By Emergence Capital Partners III, L.P.) - Conversion
Class A Common Stock
2020-03-05+434,400→ 434,400 total(indirect: By EZP Opportunity, L.P.) - Other
Class A Common Stock
2020-03-05−434,400→ 0 total(indirect: By EZP Opportunity, L.P.) - Conversion
Class B Common Stock
2020-03-05−3,565,600→ 19,601,268 total(indirect: By Emergence Capital Partners III, L.P.)→ Class A Common Stock (3,565,600 underlying) - Conversion
Class B Common Stock
2020-03-05−434,400→ 2,387,557 total(indirect: By EZP Opportunity, L.P.)→ Class A Common Stock (434,400 underlying)
Footnotes (6)
- [F1]On March 5, 2020, Emergence Capital Partners III, L.P. ("Emergence") converted in the aggregate 3,565,600 shares of the Issuer's Class B Common Stock into 3,565,600 shares of the Issuer's Class A Common Stock. Subsequently on the same date, Emergence distributed in-kind, without consideration, all 3,565,600 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. The distribution of 891,400 of these shares is being made pursuant to a 10b5-1 plan adopted by Emergence on September 27, 2019.
- [F2](continued from footnote 2) Upon receipt by EEP III of its pro rata interest of the distribution (777,391 shares of Class A Common Stock), EEP III distributed in-kind, without consideration, all 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.
- [F3]Shares held directly by Emergence. The sole general partner of Emergence is EEP III, and the sole general partner of EEP III is Emergence GP Partners, LLC ("EGP"). Each of the Reporting Persons on this filing (other than Emergence) disclaims Section 16 beneficial ownership of the shares held by Emergence, except to the extent, if any, of its pecuniary interest therein, and this report shall not be deemed an admission that it is the beneficial owner of such shares for Section 16 or any other purpose.
- [F4]On March 5, 2020, EZP Opportunity, L.P. ("EZP") converted in the aggregate 434,400 shares of the Issuer's Class B Common Stock into 434,400 shares of the Issuer's Class A Common Stock. Subsequently on the same date, EZP distributed in-kind, without consideration, all 434,400 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. The distribution of 108,600 of these shares is being made pursuant to a 10b5-1 plan adopted by EZP on September 27, 2019. Upon receipt by EEP III of its pro rata interest of the distribution (86,880 shares of Class A Common Stock), EEP III distributed in-kind, without consideration, all 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.
- [F5]Shares held directly by EZP. The sole general partner of EZP is EEP III, and the sole general partner of EEP III is EGP. Each of the Reporting Persons on this filing (other than EZP) disclaims Section 16 beneficial ownership of the shares held by EZP, except to the extent, if any, of its pecuniary interest therein, and this report shall not be deemed an admission that it is the beneficial owner of such shares for Section 16 or any other purpose.
- [F6]Each share of Class B Common Stock is convertible at the option of the Reporting Person into one (1) share of Class A Common Stock, and has no expiration date. Each share of Class B Common Stock will convert automatically into one (1) share of Class A Common Stock upon certain events specified in the Issuer's certificate of incorporation.
Documents
Issuer
Zoom Video Communications, Inc.
CIK 0001585521
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001526541
Filing Metadata
- Form type
- 4
- Filed
- Mar 8, 8:00 PM ET
- Accepted
- Mar 9, 4:10 PM ET
- Size
- 24.3 KB