Sec Form 4 Filing - Benhorin Roy @ Zoom Video Communications, Inc. - 2020-02-18

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
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
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person
Benhorin Roy
2. Issuer Name and Ticker or Trading Symbol
Zoom Video Communications, Inc. [ ZM]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chief Accounting Officer
(Last) (First) (Middle)
C/O ZOOM VIDEO COMMUNICATIONS, INC., 55 ALMADEN BOULEVARD, 6TH FLOOR
3. Date of Earliest Transaction (MM/DD/YY)
02/18/2020
(Street)
SAN JOSE, CA95113
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 02/18/2020 S( 1 ) 16,000 D $ 95.0997 ( 2 ) 237,327 D
Class A Common Stock 02/19/2020 C 22,300 A $ 0 259,627 D
Class A Common Stock 02/19/2020 S( 1 ) 14,500 D $ 100.606 ( 3 ) 245,127 D
Class A Common Stock 02/19/2020 S( 1 ) 1,000 D $ 101.779 ( 4 ) 244,127 D
Class A Common Stock 02/19/2020 S( 1 ) 500 D $ 102.666 ( 5 ) 243,627 D
Class A Common Stock 02/19/2020 S( 1 ) 22,300 D $ 105 221,327 D
Class A Common Stock 02/20/2020 C 42,700 A $ 0 264,027 D
Class A Common Stock 02/20/2020 S( 1 ) 42,696 D $ 105.3764 ( 6 ) 221,331 D
Class A Common Stock 02/20/2020 S( 1 ) 4 D $ 106.28 221,327 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
Employee Stock Option (right to buy) $ 0.1375 02/19/2020 M 22,300 ( 7 ) 11/13/2025 Class B Common Stock ( 8 ) 22,300 $ 0 152,700 D
Class B Common Stock ( 8 ) 02/19/2020 M 22,300 ( 8 ) ( 8 ) Class A Common Stock 22,300 $ 0 22,300 D
Class B Common Stock ( 8 ) 02/19/2020 C 22,300 ( 8 ) ( 8 ) Class A Common Stock 22,300 $ 0 0 D
Employee Stock Option (right to buy) $ 0.1375 02/20/2020 M 42,700 ( 7 ) 11/13/2025 Class B Common Stock ( 8 ) 42,700 $ 0 110,000 D
Class B Common Stock ( 8 ) 02/20/2020 M 42,700 ( 8 ) ( 8 ) Class A Common Stock 42,700 $ 0 42,700 D
Class B Common Stock ( 8 ) 02/20/2020 C 42,700 ( 8 ) ( 8 ) Class A Common Stock 42,700 $ 0 0 D
Employee Stock Option (right to buy) $ 3.77 ( 9 ) 09/24/2028 Class B Common Stock ( 8 ) 100,000 100,000 D
Restricted Stock Units ( 10 ) ( 11 ) ( 11 ) Class A Common Stock 16,050 16,050 ( 10 ) D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Benhorin Roy
C/O ZOOM VIDEO COMMUNICATIONS, INC.
55 ALMADEN BOULEVARD, 6TH FLOOR
SAN JOSE, CA95113
Chief Accounting Officer
Signatures
/s/ Aparna Bawa, Attorney-in-Fact 02/20/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
( 2 )The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $95.00 to $95.38. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.
( 3 )The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $100.23 to $101.12. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.
( 4 )The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $101.37 to $102.00. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.
( 5 )The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $102.44 to $103.00. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.
( 6 )The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $105.00 to $105.90. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.
( 7 )1/4 of the shares subject to the option vested on November 9, 2016, and 1/48 of the shares vest monthly thereafter.
( 8 )Each share of Class B Common Stock is convertible at the option of the Reporting Person into one share of Class A Common Stock and has no expiration date. Each share of Class B Common Stock held by the Reporting Person will automatically convert into one share of Class A Common Stock upon (a) other than Eric S. Yuan, the death of the Reporting Person, or (b) any transfer by the Reporting Person except certain "Permitted Transfers" described in the Issuer's certificate of incorporation. All outstanding shares of Class B Common Stock will convert into shares of Class A Common Stock upon the earliest of (i) six months following the death or incapacity of Mr. Yuan, (ii) six months following the date that Mr. Yuan ceases providing services to the Issuer, (iii) the date specified by the holders of a majority of the shares of Class B Common Stock, and (iv) the 15-year anniversary of the closing of the Issuer's initial public offering.
( 9 )1/48 of the shares subject to the option vests in equal monthly installments commencing one month from September 24, 2018.
( 10 )Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A Common Stock.
( 11 )The reporting person received an award of restricted stock units on October 10, 2019, which vest in equal installments on each quarterly anniversary date, subject to the Reporting Person's Continuous Service(as defined in the Issuer's 2019 Equity Incentive Plan) on each such vesting date.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.