Sec Form 4 Filing - Sipes David @ RingCentral, Inc. - 2019-09-06

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
Sipes David
2. Issuer Name and Ticker or Trading Symbol
RingCentral, Inc. [ RNG]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chief Operating Officer
(Last) (First) (Middle)
C/O RINGCENTRAL, INC., 20 DAVIS DRIVE
3. Date of Earliest Transaction (MM/DD/YY)
09/06/2019
(Street)
BELMONT, CA94002
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ 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
Class A Common Stock 09/06/2019 M 5,500 A $ 20.88 251,746 D
Class A Common Stock 09/06/2019 S( 1 ) 3,552 D $ 136.32 ( 2 ) 248,194 D
Class A Common Stock 09/06/2019 S( 1 ) 4,105 D $ 137.38 ( 3 ) 244,089 D
Class A Common Stock 09/06/2019 S( 1 ) 4,700 D $ 138.27 ( 4 ) 239,389 D
Class A Common Stock 09/06/2019 S( 1 ) 600 D $ 139.11 ( 5 ) 238,789 D
Class A Common Stock 09/06/2019 S( 1 ) 1,000 D $ 140.37 ( 6 ) 237,789 D
Class A Common Stock 09/09/2019 M 3,048 A $ 20.88 240,837 D
Class A Common Stock 09/09/2019 C( 7 ) 2,452 A $ 0 243,289 D
Class A Common Stock 09/09/2019 S( 1 ) 400 D $ 127.76 ( 8 ) 242,889 D
Class A Common Stock 09/09/2019 S( 1 ) 900 D $ 128.99 ( 9 ) 241,989 D
Class A Common Stock 09/09/2019 S( 1 ) 2,820 D $ 129.87 ( 10 ) 239,169 D
Class A Common Stock 09/09/2019 S( 1 ) 600 D $ 130.94 ( 11 ) 238,569 D
Class A Common Stock 09/09/2019 S( 1 ) 202 D $ 131.8 ( 12 ) 238,367 D
Class A Common Stock 09/09/2019 S( 1 ) 300 D $ 133.94 ( 13 ) 238,067 D
Class A Common Stock 09/09/2019 S( 1 ) 278 D $ 135.43 ( 14 ) 237,789 D
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
Stock Option (right to buy) $ 20.88 09/06/2019 M 5,500 ( 15 ) 02/11/2021 Class A Common Stock 5,500 $ 0 14,500 D
Stock Option (right to buy) $ 20.88 09/09/2019 M 3,048 ( 15 ) 02/11/2021 Class A Common Stock 3,048 $ 0 11,452 D
Stock Option (right to buy) $ 16.05 09/09/2019 M 2,452 ( 15 ) 04/15/2021 Class B Common Stock 2,452 $ 0 9,927 D
Class B Common Stock ( 16 ) 09/09/2019 M 2,452 ( 16 ) ( 16 ) Class A Common Stock 2,452 $ 16.05 2,452 D
Class B Common Stock ( 16 ) 09/09/2019 C( 7 ) 2,452 ( 16 ) ( 16 ) Class A Common Stock 2,452 $ 0 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Sipes David
C/O RINGCENTRAL, INC.
20 DAVIS DRIVE
BELMONT, CA94002
Chief Operating Officer
Signatures
/s/ Bruce P. Johnson, Attorney-in-fact 09/10/2019
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 4, 2019.
( 2 )The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $135.79 to $136.755, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2) through (14) to this Form 4.
( 3 )The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $136.82 to $137.81, inclusive.
( 4 )The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $137.82 to $138.78, inclusive.
( 5 )The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $138.85 to $139.44, inclusive.
( 6 )The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $139.92 to $140.45, inclusive.
( 7 )Each Share of Class A Common Stock was issued upon conversion of one share of Class B Common Stock.
( 8 )The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $127.26 to $128.17, inclusive.
( 9 )The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $128.46 to $129.38, inclusive.
( 10 )The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $129.52 to $130.44, inclusive.
( 11 )The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $130.56 to $131.48, inclusive.
( 12 )The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $131.61 to $131.99, inclusive.
( 13 )The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $133.40 to $134.38, inclusive.
( 14 )The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $135.16 to $135.95, inclusive.
( 15 )Options are fully vested and exercisable.
( 16 )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.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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