0001104659-23-080036.txt : 20230711
0001104659-23-080036.hdr.sgml : 20230711
20230711172825
ACCESSION NUMBER: 0001104659-23-080036
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230707
FILED AS OF DATE: 20230711
DATE AS OF CHANGE: 20230711
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Shute Stephen
CENTRAL INDEX KEY: 0001932256
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38465
FILM NUMBER: 231082827
MAIL ADDRESS:
STREET 1: 221 MAIN STREET
STREET 2: SUITE 1550
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94105
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: DOCUSIGN, INC.
CENTRAL INDEX KEY: 0001261333
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372]
IRS NUMBER: 912183967
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0131
BUSINESS ADDRESS:
STREET 1: 221 MAIN ST., SUITE 1550
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94105
BUSINESS PHONE: 415-489-4940
MAIL ADDRESS:
STREET 1: 221 MAIN ST., SUITE 1550
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94105
FORMER COMPANY:
FORMER CONFORMED NAME: DOCUSIGN INC
DATE OF NAME CHANGE: 20030826
4
1
tm2321079-1_4seq1.xml
OWNERSHIP DOCUMENT
X0407
4
2023-07-07
0
0001261333
DOCUSIGN, INC.
DOCU
0001932256
Shute Stephen
C/O DOCUSIGN, INC.
221 MAIN STREET, SUITE 1550
SAN FRANCISCO
CA
94105
0
1
0
0
President, Field Operations
0
Restricted Stock Units
2023-07-07
4
A
0
78740
0.00
A
Common Stock
78740
78740
D
Restricted Stock Units
2023-07-07
4
A
0
39370
0.00
A
Common Stock
39370
39370
D
Performance Stock Units
2023-07-07
4
A
0
19685
0.00
A
Common Stock
19685
19685
D
Performance Stock Units
2023-07-07
4
A
0
19685
0.00
A
Common Stock
19685
19685
D
Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
The RSUs will vest in equal quarterly installments over four years, with a vesting commencement date of May 10, 2023, in each case subject to the reporting person being a service provider through such date.
The RSUs do not expire; they either vest or are canceled prior to vesting date.
Each performance-vested restricted stock unit ("PSU") represents a contingent right to receive one share of Issuer common stock.
The PSUs will vest depending on the Company's total shareholder return ("TSR") over a three-year performance period, relative to companies in the Nasdaq Composite Index, subject to continued service limited exceptions. The maximum number of TSR-based PSUs that may vest is capped at 200% of the target TSR-based PSUs.
The PSUs will vest depending on the Company's subscription revenue for the twelve-month period ended January 31, 2024 (the "One-Year Performance Period"). The maximum number of subscription revenue-based PSUs that may vest is capped at 200% of the target number of subscription revenue-based PSUs. To the extent achieved, 1/3 of any achieved subscription revenue-based PSUs will vest following the one-year anniversary of the date of grant and the balance will vest in eight equal quarterly installments thereafter, subject to continued service with certain limited exceptions.
The PSUs will vest depending on the Company's free cash flow for the One-Year Performance Period. The maximum number of free cash flow-based PSUs that may vest is capped at 200% of the target number of free cash-flow based PSUs. To the extent achieved 1/3 of any achieved free cash-based PSUs will vest following the one-year anniversary of the date of grant and the balance will vest in eight equal quarterly installments thereafter subject to continued service with certain limited exceptions.
/s/ Lisa Yun, Attorney-in-fact
2023-07-11