Sec Form 4 Filing - Sigma Management 7, L.L.C. @ DOCUSIGN INC - 2018-09-18

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Sigma Management 7, L.L.C.
2. Issuer Name and Ticker or Trading Symbol
DOCUSIGN INC [ DOCU]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
2105 S. BASCOM AVE., SUITE 370
3. Date of Earliest Transaction (MM/DD/YY)
09/18/2018
(Street)
CAMPBELL, CA95008
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 09/18/2018 S 1,304,348 ( 1 ) D $ 55 15,121,036 I See footnote ( 2 ) ( 3 ) ( 4 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Sigma Management 7, L.L.C.
2105 S. BASCOM AVE., SUITE 370
CAMPBELL, CA95008
X
Sigma Associates 7, L.P.
2105 S. BASCOM AVE., SUITE 370
CAMPBELL, CA95008
X
Sigma Investors 7, L.P.
2105 S. BASCOM AVE., SUITE 370
CAMPBELL, CA95008
X
Sigma Management 8, L.L.C.
2105 S. BASCOM AVE., SUITE 370
CAMPBELL, CA95008
X
Sigma Partners 7, L.P.
2105 S. BASCOM AVE., SUITE 370
CAMPBELL, CA95008
X
Sigma Associates 8, L.P.
2105 S. BASCOM AVE., SUITE 370
CAMPBELL, CA95008
X
Sigma Investors 8, L.P.
2105 S. BASCOM AVE., SUITE 370
CAMPBELL, CA95008
X
Sigma Partners 8 LP
2105 S. BASCOM AVE., SUITE 370
CAMPBELL, CA95008
X
Signatures
/s/ Gregory Gretsch, Managing Member 09/18/2018
Signature of Reporting Person Date
/s/ Gregory Gretsch, Managing Member of General Partner 09/18/2018
Signature of Reporting Person Date
/s/ Gregory Gretsch, Managing Member of General Partner 09/18/2018
Signature of Reporting Person Date
/s/ Gregory Gretsch, Managing Member 09/18/2018
Signature of Reporting Person Date
/s/ Gregory Gretsch, Managing Member of General Partner 09/18/2018
Signature of Reporting Person Date
/s/ Gregory Gretsch, Managing Member of General Partner 09/18/2018
Signature of Reporting Person Date
/s/ Gregory Gretsch, Managing Member of General Partner 09/18/2018
Signature of Reporting Person Date
/s/ Gregory Gretsch, Managing Member of General Partner 09/18/2018
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents 1,096,238 shares sold by Sigma Partners 7, LP., 68,936 shares sold by Sigma Associates 7, L.P., 12,785 shares sold by Sigma Investors 7, L.P., 120,681 shares sold by Sigma Partners 8, L.P., 4,411 shares sold by Sigma Associates 8, L.P. and 1,297 shares sold by Sigma Investors 8, L.P.
( 2 )Includes 55,251 shares held by Jackson Square Ventures I, L.P. and 3,342 shares held by Jackson Square Associates I, L.P. Jackson Square Ventures, LLC is the managing member of Jackson Square Associates I, L.P. and Jackson Square Ventures I, L.P. and has sole voting and dispositive power over the shares held by Jackson Square Ventures I, L.P. and Jackson Square Associates I, L.P. Peter Solvik, Josh Breinlinger, Gregory Gretsch and Robert Spinner as managing members of Jackson Square Ventures, LLC, share this power.
( 3 )Includes 12,609,964 shares held by Sigma Partners 7, L.P., 792,960 shares held by Sigma Associates 7, L.P. and 147,071 shares held by Sigma Investors 7, L.P. Sigma Management 7, L.L.C. is the general partner of Sigma Associates 7, L.P., Sigma Investors 7, L.P. and Sigma Partners 7, L.P. (collectively, the "Sigma 7 Funds"). Sigma Management 7, L.L.C. has sole voting and investment power. Robert Davoli, Fahri Diner, Lawrence G. Finch, Gregory Gretsch, John Mandile, Peter Solvik, Robert Spinner and Wade Woodson, as managing members of SigmaManagement 7, L.L.C., share this power.
( 4 )Includes 1,444,396 shares held by Sigma Partners 8, L.P., 52,536 shares held by Sigma Associates 8, L.P. and 15,516 shares held by Sigma Investors 8, L.P. Sigma Management 8, L.L.C. is the general partner of Sigma Associates 8, L.P., Sigma Investors 8, L.P. and Sigma Partners 8, L.P. (collectively, the "Sigma 8 Funds"). Sigma Management 8, L.L.C. has sole voting and investment power. Robert Davoli, Fahri Diner, Paul Flanagan, Gregory Gretsch, John Mandile, Peter Solvik, Robert Spinner and Wade Woodson, as managing members of Sigma Management 8, L.L.C., share this power.

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