Sec Form 4 Filing - Yuan Eric S. @ Zoom Video Communications, Inc. - 2021-05-06

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
Yuan Eric S.
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 X __ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chief Executive Officer
(Last) (First) (Middle)
C/O ZOOM VIDEO COMMUNICATIONS, INC., 55 ALMADEN BOULEVARD, 6TH FLOOR
3. Date of Earliest Transaction (MM/DD/YY)
05/06/2021
(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 05/06/2021 C 4,080 A $ 0 4,080 D
Class A Common Stock 05/06/2021 C 11,545 A $ 0 15,625 D
Class A Common Stock 05/06/2021 S( 1 ) 338 D $ 286.2512 ( 2 ) 15,287 D
Class A Common Stock 05/06/2021 S( 1 ) 1,050 D $ 287.1638 ( 3 ) 14,237 D
Class A Common Stock 05/06/2021 S( 1 ) 1,489 D $ 288.1906 ( 4 ) 12,748 D
Class A Common Stock 05/06/2021 S( 1 ) 2,987 D $ 289.1485 ( 5 ) 9,761 D
Class A Common Stock 05/06/2021 S( 1 ) 2,086 D $ 290.1316 ( 6 ) 7,675 D
Class A Common Stock 05/06/2021 S( 1 ) 2,533 D $ 291.0945 ( 7 ) 5,142 D
Class A Common Stock 05/06/2021 S( 1 ) 3,206 D $ 292.0806 ( 8 ) 1,936 D
Class A Common Stock 05/06/2021 S( 1 ) 1,300 D $ 293.1184 ( 9 ) 636 D
Class A Common Stock 05/06/2021 S( 1 ) 636 D $ 293.9575 ( 10 ) 0 D
Class A Common Stock 05/06/2021 C 80,529 A $ 0 80,529 I See footnote ( 11 )
Class A Common Stock 05/06/2021 S( 1 ) 1,744 D $ 286.2533 ( 12 ) 78,785 I See footnote ( 11 )
Class A Common Stock 05/06/2021 S( 1 ) 5,453 D $ 287.1643 ( 13 ) 73,332 I See footnote ( 11 )
Class A Common Stock 05/06/2021 S( 1 ) 7,722 D $ 288.19 ( 14 ) 65,610 I See footnote ( 11 )
Class A Common Stock 05/06/2021 S( 1 ) 15,451 D $ 289.1479 ( 15 ) 50,159 I See footnote ( 11 )
Class A Common Stock 05/06/2021 S( 1 ) 10,407 D $ 290.1195 ( 16 ) 39,752 I See footnote ( 11 )
Class A Common Stock 05/06/2021 S( 1 ) 13,123 D $ 291.0941 ( 17 ) 26,629 I See footnote ( 11 )
Class A Common Stock 05/06/2021 S( 1 ) 16,585 D $ 292.0813 ( 18 ) 10,044 I See footnote ( 11 )
Class A Common Stock 05/06/2021 S( 1 ) 6,746 D $ 293.1183 ( 19 ) 3,298 I See footnote ( 11 )
Class A Common Stock 05/06/2021 S( 1 ) 3,298 D $ 293.959 ( 20 ) 0 I See footnote ( 11 )
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) $ 4.15 05/06/2021 M 4,080 ( 21 ) 09/24/2023 Class B Common Stock ( 22 ) 4,080 $ 0 108,105 D
Class B Common Stock ( 22 ) 05/06/2021 M 4,080 ( 22 ) ( 22 ) Class A Common Stock 4,080 $ 0 22,589,592 D
Class B Common Stock ( 22 ) 05/06/2021 C 4,080 ( 22 ) ( 22 ) Class A Common Stock 4,080 $ 0 22,585,512 D
Employee Stock Option (right to buy) $ 3.77 05/06/2021 M 11,545 ( 23 ) 09/24/2028 Class B Common Stock ( 22 ) 11,545 $ 0 298,145 D
Class B Common Stock ( 22 ) 05/06/2021 M 11,545 ( 22 ) ( 22 ) Class A Common Stock 11,545 $ 0 22,597,057 D
Class B Common Stock ( 22 ) 05/06/2021 C 11,545 ( 22 ) ( 22 ) Class A Common Stock 11,545 $ 0 22,585,512 D
Class B Common Stock ( 22 ) 05/06/2021 C 80,529 ( 22 ) ( 22 ) Class A Common Stock 80,529 $ 0 1,553,096 I See footnote ( 11 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Yuan Eric S.
C/O ZOOM VIDEO COMMUNICATIONS, INC.
55 ALMADEN BOULEVARD, 6TH FLOOR
SAN JOSE, CA95113
X X Chief Executive Officer
Signatures
/s/ Aparna Bawa, Attorney-in-Fact 05/07/2021
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 $285.63 to $286.62. 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 $286.64 to $287.63. 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 $287.64 to $288.62. 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 $288.64 to $289.63. 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 $289.64 to $290.62. 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 )The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $290.64 to $291.63. 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.
( 8 )The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $291.64 to $292.63. 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.
( 9 )The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $292.64 to $293.63. 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.
( 10 )The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $293.64 to $294.55. 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.
( 11 )The shares are held of record by Zheng Yuan and Hongyu Zhang, cotrustees of the the 2018 Yuan and Zhang Revocable Trust, for which the Reporting Person and the Reporting Person's spouse serve as cotrustees.
( 12 )The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $285.63 to $286.62. 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.
( 13 )The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $286.64 to $287.63. 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.
( 14 )The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $287.64 to $288.62. 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.
( 15 )The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $288.64 to $289.63. 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.
( 16 )The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $289.64 to $290.62. 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.
( 17 )The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $290.64 to $291.63. 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.
( 18 )The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $291.64 to $292.63. 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.
( 19 )The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $292.64 to $293.63. 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.
( 20 )The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $293.64 to $294.55. 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.
( 21 )The shares subject to the option vest in monthly installments as follows: approximately 8,840 shares vested on October 24, 2018 and approximately 8,840 shares vested on the 24th day of each month thereafter through and including December 24, 2018, approximately 2,210 shares vested on January 24, 2019 and approximately 2,210 shares vest on the 24th day of each month thereafter through and including December 24, 2021 and approximately 2,945 shares vest on the 24th day of each month thereafter through and including September 24, 2022.
( 22 )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.
( 23 )The shares subject to the option vest in monthly installments as follows: approximately 1,577 shares vested on October 24, 2018 and approximately 1,577 vested on the 24th day of each month thereafter through and including December 24, 2018, approximately 8,207 shares vested on January 24, 2019 and approximately 8,207 shares vest on the 24th day of each month thereafter through and including December 24, 2021 and approximately 7,472 shares vest on the 24th day of each month thereafter through and including September 24, 2022. The shares subject to this option are early exercisable, subject to the Issuer's right to repurchase.

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