Sec Form 4 Filing - Subotovsky Santiago @ Zoom Video Communications, Inc. - 2019-04-23

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
Subotovsky Santiago
2. Issuer Name and Ticker or Trading Symbol
Zoom Video Communications, Inc. [ ZM]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
160 BOVET ROAD, SUITE 300
3. Date of Earliest Transaction (MM/DD/YY)
04/23/2019
(Street)
SAN MATEO, CA94402
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 04/23/2019 C( 1 ) 622,082 A $ 0 622,082 I See footnote ( 2 )
Class A Common Stock 04/23/2019 S 622,082 D $ 34.2 ( 3 ) 0 I See footnote ( 2 )
Class A Common Stock 04/23/2019 C( 1 ) 75,777 A $ 0 75,777 I See footnote ( 4 )
Class A Common Stock 04/23/2019 S 75,777 D $ 34.2 ( 3 ) 0 I See footnote ( 4 )
Class A Common Stock 04/23/2019 C( 1 ) 214,167 A $ 0 214,167 I See footnote ( 5 )
Class A Common Stock 04/23/2019 S 214,167 D $ 34.2 ( 3 ) 0 I See footnote ( 5 )
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
Series A Convertible Preferred Stock ( 6 ) 04/23/2019 C( 6 ) 4,000,000 ( 6 ) ( 6 ) Class B Common Stock 4,000,000 $ 0 0 I See footnote ( 2 )
Series C Convertible Preferred Stock ( 6 ) 04/23/2019 C( 6 ) 22,908,848 ( 6 ) ( 6 ) Class B Common Stock 22,908,848 $ 0 0 I See footnote ( 2 )
Class B Common Stock ( 6 ) 04/23/2019 C 26,908,848 ( 1 ) ( 1 ) Class A Common Stock 26,908,848 $ 0 26,908,848 I See footnote ( 2 )
Class B Common Stock ( 1 ) 04/23/2019 C 622,082 ( 1 ) ( 1 ) Class A Common Stock 622,082 $ 0 26,286,766 I See footnote ( 2 )
Series A Convertible Preferred Stock ( 6 ) 04/23/2019 C( 6 ) 324,744 ( 6 ) ( 6 ) Class B Common Stock 324,744 $ 0 0 I See footnote ( 4 )
Series D Convertible Preferred Stock ( 6 ) 04/23/2019 C( 6 ) 2,850,724 ( 6 ) ( 6 ) Class B Common Stock 2,850,724 $ 0 0 I See footnote ( 4 )
Class B Common Stock ( 6 ) 04/23/2019 C 3,175,468 ( 1 ) ( 1 ) Class A Common Stock 3,175,468 $ 0 3,277,836 I See footnote ( 4 )
Class B Common Stock ( 1 ) 04/23/2019 C 75,777 ( 1 ) ( 1 ) Class A Common Stock 75,777 $ 0 3,202,059 I See footnote ( 4 )
Series A Convertible Preferred Stock ( 6 ) 04/23/2019 C( 6 ) 98,896 ( 6 ) ( 6 ) Class B Common Stock 98,896 $ 0 0 I See footnote ( 5 )
Class B Common Stock ( 6 ) 04/23/2019 C 98,896 ( 1 ) ( 1 ) Class A Common Stock 98,896 $ 0 214,167 I See footnote ( 5 )
Class B Common Stock ( 1 ) 04/23/2019 C 214,167 ( 1 ) ( 1 ) Class A Common Stock 214,167 $ 0 0 I See footnote ( 5 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Subotovsky Santiago
160 BOVET ROAD, SUITE 300
SAN MATEO, CA94402
X
Signatures
/s/ Aparna Bawa, Attorney-in-Fact 04/24/2019
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Each share of Class B Common Stock is convertible at the option of the holder 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. In connection with the sale of the Class A Common Stock as reported above, each share of Class B Common Stock converted into one (1) share of Class A Common Stock.
( 2 )Shares held directly by Emergence Capital Partners III, L.P. ("Emergence"). The sole general partner of Emergence is Emergence Equity Partners III, L.P. ("EEP III"), and the sole general partner of EEP III is Emergence GP Partners, LLC ("EGP"). The Reporting Person is a member of EEP III. The Reporting Person disclaims Section 16 beneficial ownership of the shares held by Emergence, except to the extent, if any, of his pecuniary interest therein, and this report shall not be deemed an admission that he is the beneficial owner of such shares for Section 16 or any other purpose.
( 3 )Emergence, EZP (as defined below), and Red Porphyry (as defined below) sold shares to the underwriters in connection with the closing of the Issuer's initial public offering. The reported sale price reflects the price at which Emergence, EZP, and Red Porphyry sold shares to the underwriters, which is net of underwriting commissions.
( 4 )Shares held directly by EZP Opportunity, L.P. ("EZP"). The sole general partner of EZP is EEP III. The Reporting Person disclaims Section 16 beneficial ownership of the shares held by EZP, except to the extent, if any, of his pecuniary interest therein, and this report shall not be deemed an admission that he is the beneficial owner of such shares for Section 16 or any other purpose.
( 5 )Shares held directly by Red Porphyry, LLC ("Red Porphyry"). Red Porphyry is filing this report solely by virtue of having appointed Emergence as its proxy with respect to the shares held directly by Red Porphyry. Such proxy is irrevocable until the earliest to occur of the six-month anniversary of the IPO (as defined below), the sale of all or substantially all assets of the Issuer, or certain mergers involving the Issuer. The Reporting Person disclaims Section 16 beneficial ownership of the shares held by Red Porphyry, except to the extent, if any, of his pecuniary interest therein, and this report shall not be deemed an admission that he is the beneficial owner of such shares for Section 16 or any other purpose.
( 6 )Each share of convertible preferred stock automatically converted into one (1) share of Class B Common Stock immediately prior to the closing of the Issuer's initial public offering of Class A Common Stock (the "IPO"), and had no expiration date.

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