RingCentral Inc 4
4 · RingCentral Inc · Filed Apr 16, 2015
Insider Transaction Report
Form 4
Berman David Mark
President
Transactions
- Conversion
Class B Common Stock
2015-04-15−16,590→ 25,000 total→ Class A Common Stock (16,590 underlying) - Exercise/Conversion
Class B Common Stock
2015-04-15+16,590→ 41,590 total→ Class A Common Stock (16,590 underlying) - Conversion
Class A Common Stock
2015-04-15+16,590→ 16,590 total - Exercise/Conversion
Stock Option (right to buy)
2015-04-15−16,590→ 735,610 totalExercise: $10.42From: 2013-06-12Exp: 2023-06-12→ Class B Common Stock (16,590 underlying) - Sale
Class A Common Stock
2015-04-15$17.01/sh−16,590$282,196→ 0 total
Footnotes (4)
- [F1]Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of Class A Common Stock and has no expiration date. In addition, each share of Class B Common Stock held by a shareholder will convert automatically into one share of Class A Common Stock upon (i) any transfer of such share (subject to certain exceptions), or (ii) the occurrence of certain other specific instances, including the vote of the holders of the Class B Common Stock, as set forth in the issuer's Amended and Restated Certificate of Incorporation.
- [F2]The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 28, 2014.
- [F3]Reflects weighted average sale price. Actual sale prices ranged from $17.00 to $17.05 on April 15, 2015. Reporting Person undertakes to provide upon request by the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased or sold at each separate price.
- [F4]The option was immediately exercisable on date of grant. 25% of the shares subject to the option vested on 6/10/2014, and 1/48th of the shares vest each month thereafter over the following 36 months.