VEEVA SYSTEMS INC 4
4 · VEEVA SYSTEMS INC · Filed Mar 17, 2014
Insider Transaction Report
Form 4
Ramsey Craig
10% Owner
Transactions
- Conversion
Common Stock
2013-10-21+6,500,000→ 6,500,000 total - Other
Class B Common Stock
2013-10-21+6,500,000→ 6,500,000 total→ Class A Common Stock (6,500,000 underlying) - Other
Common Stock
2013-10-21−6,500,000→ 0 total - Conversion
Class A Common Stock
2013-10-21+250,000→ 250,000 total - Sale
Class A Common Stock
2013-10-21$20.00/sh−250,000$5,000,000→ 0 total - Conversion
Series A Convertible Preferred Stock
2013-10-21−6,500,000→ 0 total→ Common Stock (6,500,000 underlying) - Conversion
Class B Common Stock
2013-10-21−250,000→ 6,250,000 total→ Class A Common Stock (250,000 underlying)
Footnotes (4)
- [F1]Each share of convertible preferred stock automatically converted into one (1) share of Common Stock immediately prior to the closing of the Issuer's initial public offering of Class A Common Stock (the "IPO"), and has no expiration date.
- [F2]Immediately prior to the closing of the IPO and following the conversion of each series of the Issuer's convertible preferred stock into Common Stock, each share of Common Stock was reclassified, in an exempt transaction pursuant to Rule 16b-7, into one (1) share of Class B Common Stock.
- [F3]Each share of Class A Common Stock was issued upon conversion of one (1) share of Class B Common Stock. The Reporting Person sold Class A Common Stock to the underwriters in connection with the closing of the IPO.
- [F4]Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one (1) share of Class A Common Stock and has no expiration date. In addition, each share of Class B Common Stock will convert automatically into one (1) share of Class A Common Stock upon any transfer, whether or not for value, which occurs after the closing of the IPO, except for certain permitted transfers described in, and transfers to any "permitted transferee" as defined in, the Issuer's restated certificate of incorporation in effect after the closing of the IPO. All shares of Class A and Class B Common Stock will convert automatically into shares of a single class of Common Stock upon the earliest to occur of the following: (a) upon the election by the holders of a majority of the then outstanding shares of Class B Common Stock or (b) October 15, 2023.