SEC Form 4
FORM 4 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
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
SPURLOCK STEVEN M

(Last) (First) (Middle)
2965 WOODSIDE ROAD

(Street)
WOODSIDE CA 94062

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
ZUORA INC [ ZUO ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
10/02/2018
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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 10/02/2018 C 2,564,431 A $0.00 2,564,431 I See footnote(1)
Class A Common Stock 10/02/2018 J(2) 2,564,431 D $0.00 0 I See footnote(1)
Class A Common Stock 10/02/2018 J(2) 28,450 A $0.00 28,450 I See footnote(3)
Class A Common Stock 10/03/2018 S 2,342 D $20.7631(4) 26,108 I See footnote(3)
Class A Common Stock 10/03/2018 S 26,108 D $20.948(5) 0 I See footnote(3)
Class A Common Stock 10/02/2018 J(2) 13,937 A $0.00 13,937 I See footnote(6)
Class A Common Stock 10/02/2018 J(2) 97,129 A $0.00 97,129 I See footnote(7)
Class A Common Stock 10/02/2018 J(2) 91,156 A $0.00 91,156 I See footnote(8)
Class A Common Stock 10/02/2018 G V 91,156 D $0.00 0 I See footnote(8)
Class A Common Stock 10/02/2018 J(2) 33,184 A $0.00 33,184 I See footnote(9)
Class A Common Stock 10/02/2018 G V 33,184 D $0.00 0 I See footnote(9)
Class A Common Stock 10/02/2018 J(2) 112,604 A $0.00 112,604 I See footnote(10)
Class A Common Stock 10/03/2018 S 9,369 D $20.7631(4) 103,235 I See footnote(10)
Class A Common Stock 10/02/2018 J(2) 1,195 A $0.00 1,195 I See footnote(11)
Class A Common Stock 10/02/2018 J(2) 157,524 A $0.00 157,524 I See footnote(12)
Class A Common Stock 10/02/2018 J(2) 104,430 A $0.00 104,430 I See footnote(13)
Class A Common Stock 10/02/2018 J(2) 48,328 A $0.00 48,328 I See footnote(14)
Class A Common Stock 10/02/2018 G V 48,328 D $0.00 0 I See footnote(14)
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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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 (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (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: 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 (15) 10/02/2018 C 2,564,431 (15) (16) Class A Common Stock 2,564,431 $0.00 7,693,293 I See footnote(1)
1. Name and Address of Reporting Person*
SPURLOCK STEVEN M

(Last) (First) (Middle)
2965 WOODSIDE ROAD

(Street)
WOODSIDE CA 94062

(City) (State) (Zip)
1. Name and Address of Reporting Person*
BALKANSKI ALEXANDRE

(Last) (First) (Middle)
2965 WOODSIDE ROAD

(Street)
WOODSIDE CA 94062

(City) (State) (Zip)
1. Name and Address of Reporting Person*
DUNLEVIE BRUCE

(Last) (First) (Middle)
2965 WOODSIDE ROAD

(Street)
WOODSIDE CA 94062

(City) (State) (Zip)
1. Name and Address of Reporting Person*
GURLEY J WILLIAM

(Last) (First) (Middle)
2965 WOODSIDE ROAD

(Street)
WOODSIDE CA 94062

(City) (State) (Zip)
1. Name and Address of Reporting Person*
HARVEY KEVIN

(Last) (First) (Middle)
2965 WOODSIDE ROAD

(Street)
WOODSIDE CA 94062

(City) (State) (Zip)
1. Name and Address of Reporting Person*
KAGLE ROBERT

(Last) (First) (Middle)
2965 WOODSIDE ROAD

(Street)
WOODSIDE CA 94062

(City) (State) (Zip)
1. Name and Address of Reporting Person*
LASKY MITCHELL

(Last) (First) (Middle)
2965 WOODSIDE ROAD

(Street)
WOODSIDE CA 94062

(City) (State) (Zip)
Explanation of Responses:
1. Shares are held by Benchmark Capital Partners V, L.P. ("BCP V"), as nominee for BCP V, Benchmark Founders' Fund V, L.P. ("BFF V"), Benchmark Founders' Fund V-A, L.P. ("BFF V-A"), Benchmark Founders' Fund V-B, L.P. ("BFF V-B") and related persons. Benchmark Capital Management Co. V, L.L.C. ("BCMC V"), the general partner of each of BCP V, BFF V, BFF V-A and BFF V-B, may be deemed to have sole voting and dispositive power over such shares. Alexandre Balkanski, Bruce W. Dunlevie, Peter H. Fenton, J. William Gurley, Kevin R. Harvey, Robert C. Kagle, Mitchell H. Lasky and Steven M. Spurlock, the managing members of BCMC V, may be deemed to share voting and dispositive power over these shares beneficially held by such entities. Each reporting person disclaims the existence of a "group" and disclaims beneficial ownership of any securities, except to the extent of such reporting persons' pecuniary interest in such securities.
2. Represents a pro-rata, in-kind distribution by BCP V and its affiliated funds and related persons, without additional consideration, to their respective partners, members and assigns.
3. Shares are held by Steven M. Spurlock's family trust.
4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.45 to $21.05, 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 range set forth in this footnote.
5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.80 to $21.08, 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 range set forth in this footnote.
6. Shares are held by a limited partnership controlled by Alexandre Balkanski.
7. Shares are held by Alexandre Balkanski's family trust.
8. Shares are held by Bruce W. Dunlevie's family trust.
9. Shares are held by a limited partnership controlled by Bruce W. Dunlevie.
10. Shares are held directly by J. William Gurley.
11. Shares are held by a limited partnership controlled by J. William Gurley.
12. Shares are held by Kevin R. Harvey's family trust.
13. Shares are held directly by Robert C. Kagle.
14. Shares are held directly by Mitchell H. Lasky.
15. Each share of the issuer's Class B Common Stock will convert into 1 share of the issuer's Class A Common Stock (a) at the option of the holder and (b) automatically upon (i) any transfer which occurs after the closing of the issuer's initial public offering, except for certain permitted transfers, and (ii) the date that is the earliest of (x) the date specified by a vote of the holders of not less than 66 2/3% of the outstanding shares of Class B Common Stock, (y) ten years from the effective date of the issuer's initial public offering and (z) the date that the total number of shares of outstanding Class B Common Stock ceases to represent at least 5% of all outstanding shares of the issuer's common stock, and has no expiration date.
16. Not applicable.
Remarks:
This is one of three reports, each on a separate Form 4, but relating to the same transaction being filed by entities affiliated with Benchmark and their applicable members.
/s/ Steven M. Spurlock 10/04/2018
/s/ Steven M. Spurlock, by power of attorney for Alexandre Balkanski 10/04/2018
/s/ Steven M. Spurlock, by power of attorney for Bruce W. Dunlevie 10/04/2018
/s/ Steven M. Spurlock, by power of attorney for J. William Gurley 10/04/2018
/s/ Steven M. Spurlock, by power of attorney for Kevin R. Harvey 10/04/2018
/s/ Steven M. Spurlock, by power of attorney for Robert C. Kagle 10/04/2018
/s/ Steven M. Spurlock, by power of attorney for Mitchell H. Lasky 10/04/2018
** Signature of Reporting Person 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).
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