X0306
4
2019-02-25
0
0001384905
RingCentral Inc
RNG
0001632489
Sipes David
C/O RINGCENTRAL, INC.
20 DAVIS DRIVE
BELMONT
CA
94002
0
1
0
0
Chief Operating Officer
Class A Common Stock
2019-02-25
4
C
0
1500
0.00
A
251730
D
Class A Common Stock
2019-02-25
4
M
0
3650
15.77
A
255380
D
Class A Common Stock
2019-02-25
4
S
0
6762
105.973
D
248618
D
Class A Common Stock
2019-02-25
4
S
0
2300
106.579
D
246318
D
Stock Option (right to buy)
15.77
2019-02-25
4
M
0
3650
0.00
D
2022-02-27
Class A Common Stock
3650
45861
D
Stock Option (right to buy)
0.99
2019-02-25
4
M
0
1500
0.00
D
2019-11-12
Class B Common Stock
1500
7500
D
Class B Common Stock
2019-02-25
4
M
0
1500
0.99
A
Class A Common Stock
1500
1500
D
Class B Common Stock
2019-02-25
4
C
0
1500
0.00
D
Class A Common Stock
1500
0
D
Each Share of Class A Common Stock was issued upon conversion of one share of Class B Common Stock.
The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 13, 2018.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $105.36 to $106.28, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (3) and (4) to this Form 4.
The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $106.37 to $106.91, inclusive.
The option vests and becomes exercisable in 48 equal monthly installments commencing on March 27, 2015.
Options are fully vested and exercisable.
Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of Class A Common Stock and has no expiration date. In addition, each share of Class B Common Stock held by a shareholder will convert automatically into one share of Class A Common Stock upon (i) any transfer of such share (subject to certain exceptions), or (ii) the occurrence of certain other specific instances, including the vote of the holders of the Class B Common Stock, as set forth in the issuer's Amended and Restated Certificate of Incorporation.
/s/ Bruce P. Johnson, Attorney-in-fact for David Sipes
2019-02-26