Sec Form 4 Filing - GERSTNER BRAD @ Snowflake Inc. - 2021-03-01

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
GERSTNER BRAD
2. Issuer Name and Ticker or Trading Symbol
Snowflake Inc. [ SNOW]
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)
ONE INTERNATIONAL PLACE, SUITE 4610,
3. Date of Earliest Transaction (MM/DD/YY)
03/01/2021
(Street)
BOSTON, MA02110
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
Class A Common Stock 03/01/2021 C 22,729,505 A $ 0 33,206,473 I See Footnote ( 1 ) ( 2 ) ( 3 )
Class A Common Stock 74,837 D ( 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
Class B Common Stock ( 5 ) ( 6 ) ( 7 ) 03/01/2021 C 22,729,505 ( 5 )( 6 )( 7 ) ( 5 )( 6 )( 7 ) Class A Common Stock 22,729,505 $ 0 0 I See Footnote ( 8 ) ( 9 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
GERSTNER BRAD
ONE INTERNATIONAL PLACE, SUITE 4610,
BOSTON, MA02110
X
Altimeter Capital Management, LP
ONE INTERNATIONAL PLACE, SUITE 4610,
BOSTON, MA02110
X
Altimeter Capital Management General Partner, LLC
ONE INTERNATIONAL PLACE, SUITE 4610,
BOSTON, MA02110
X
Signatures
/s/ Hab Siam, Attorney-in-fact for Bradley Gerstner 03/03/2021
Signature of Reporting Person Date
/s/ Hab Siam, Attorney-in-fact for Bradley Gerstner, as managing principal of Altimeter Capital Management, LP 03/03/2021
Signature of Reporting Person Date
/s/ Hab Siam, Attorney-in-fact for Bradley Gerstner, as managing principal of Altimeter Capital General Partner, LLC 03/03/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )These shares are directly owned by Altimeter Private Partners Fund I, L.P. ("APPF I"), Altimeter Private Partners Fund II, L.P. ("APPF II"), and Altimeter Growth Sierra Fund, L.P. ("AGSF"), Altimeter Partners Fund, L.P. ("APF"), Altimeter Growth Partners Fund III, L.P. ("AGPF III"), and Altimeter Growth Partners Fund IV, L.P. ("AGPF IV") (collectively, the "Altimeter Entities"), Altimeter Private General Partner, LLC, Altimeter Private General Partner II, LLC, and Altimeter Growth Sierra General Partner, LLC, in the amounts of 12,030,328, 4,111,818, 1,798,765, 9,126,337, 4,379,699, 774,133, 743,289, 211,156, and 30,948, respectively.
( 2 )(Continued from footnote 1) Altimeter Private General Partner, LLC is the general partner of APPF I, Altimeter Private General Partner II, LLC is the general partner of APPF II, and Altimeter Growth Sierra General Partner, LLC is the general partner of AGSF, Altimeter General Partner, LLC is the general partner of APF, Altimeter Growth General Partner III, LLC is the general partner of AGPF III, and Altimeter Growth General Partner IV, LLC is the general partner of AGPF IV (collectively, the "Altimeter Fund GPs"). Each of the Altimeter Fund GPs has delegated share voting and investment power to Altimeter Capital Management, LP (the "Investment Manager"). The sole general partner of the Investment Manager is Altimeter Capital General Partner, LLC (the "General Partner"), and Bradley Gerstner is the sole managing principal of the Investment Manager and the General Partner, and may be deemed to share voting and investment power over these shares.
( 3 )(Continued from footnote 2) Because of the relationship between the Investment Manager, the General Partner and Bradley Gerstner and the Altimeter Entities and the Altimeter Fund GPs, each of the Investment Manager, the General Partner and Bradley Gerstner may be deemed to beneficially own the securities reported herein to the extent of its direct or indirect pecuniary interests in the Altimeter Entities and the Altimeter Fund GPs. Each of the Investment Manager, the General Partner and Bradley Gerstner disclaims any beneficial ownership of the securities held by the Altimeter Entities except to the extent of any pecuniary interest therein.
( 4 )Mr. Gerstner holds these shares directly.
( 5 )Each share of Class B Common Stock is convertible at any time at the option of each Reporting Person into Class A Common Stock on a 1-for-1 basis and has no expiration date. On any transfer of shares of Class B Common Stock, each such transferred share will automatically convert into one share of Class A Common Stock, except for certain "Permitted Transfers" described in the Issuer's amended and restated certificate of incorporation.
( 6 )(Continued from footnote 6) Each share of Class B Common Stock held by each Reporting Person will automatically convert into one share of Class A Common Stock, upon the following: (1) the sale or transfer of such share of Class B Common Stock; (2) the death of such Reporting Person; and (3) on the final conversion date, defined as the earlier of (a) the first trading day falling nine months after the date on which the outstanding shares of Class B Common Stock represent less than 10% of the then outstanding Class A and Class B Common Stock; (b) the seventh anniversary of the effectiveness of the registration statement in connection with the Issuer's IPO; or (c) the date specified by a vote of the holders of a majority of the outstanding shares of Class B Common Stock, voting as a single class.
( 7 )Effective as of 5:00 p.m. Eastern Time on March 1, 2021, the date specified by the holders of a majority of the then-outstanding shares of the Issuer's Class B Common Stock, each share of the Issuer's Class B Common Stock automatically converted into one share of Class A Common Stock pursuant to the Issuer's amended and restated certificate of incorporation.
( 8 )These shares were owned by the Altimeter Entities. Each of the Altimeter Fund GPs delegated share voting and investment power over these shares to the Investment Manager. The sole general partner of the Investment Manager is Altimeter Capital General Partner, LLC (the "General Partner"), and Bradley Gerstner is the sole managing principal of the Investment Manager and the General Partner, and may be deemed to have had share voting and investment power over these shares. Because of the relationship between the Investment Manager, the General Partner and Bradley Gerstner and the Altimeter Entities and the Altimeter Fund GPs, each of the Investment Manager, the General Partner and Bradley Gerstner may be deemed to have beneficially owned the securities reported herein to the extent of its direct or indirect pecuniary interests in the Altimeter Entities and the Altimeter Fund GPs.
( 9 )(Continued from footnote 8) Each of the Investment Manager, the General Partner and Bradley Gerstner disclaims any beneficial ownership of the securities held by the Altimeter Entities except to the extent of any pecuniary interest therein. Please see footnotes (1), (2), and (3) for a description of the as-converted shares.

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