X0306
4
2020-07-10
0
0001585521
Zoom Video Communications, Inc.
ZM
0001773302
Benhorin Roy
C/O ZOOM VIDEO COMMUNICATIONS, INC.
55 ALMADEN BOULEVARD, 6TH FLOOR
SAN JOSE
CA
95113
0
1
0
0
Chief Accounting Officer
Class A Common Stock
2020-07-10
4
M
0
1070
0
A
223665
D
Class A Common Stock
2020-07-10
4
F
0
521
278.63
D
223144
D
Restricted Stock Units
2020-07-10
4
M
0
1070
0
D
Class A Common Stock
1070.0
13910
D
Restricted Stock Units
Class A Common Stock
450.0
450
D
Employee Stock Option (right to buy)
0.1375
2025-11-13
Class B Common Stock
110000.0
110000
D
Employee Stock Option (right to buy)
3.77
2028-09-24
Class B Common Stock
100000.0
100000
D
Includes 694 shares of Class A Common Stock purchased pursuant to the Zoom Video Communications, Inc. 2019 Employee Stock Purchase Plan ("ESPP"), for the purchase period of December 13, 2019 to June 12, 2020. In accordance with the ESPP, these shares were purchased at a price equal to 85% of the closing price of Issuer's Class A Common Stock on April 17, 2019.
Shares withheld by Issuer to satisfy the tax withholding obligation in connection with the vesting of Restricted Stock Units.
Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A Common Stock.
The reporting person received an award of restricted stock units on October 10, 2019, which vest in equal installments on each quarterly anniversary date, subject to the Reporting Person's Continuous Service (as defined in the Issuer's 2019 Equity Incentive Plan) on each such vesting date.
The reporting person received an award of restricted stock units on June 8, 2020, 1/2 of which will vest on the first anniversary date of the grant, and 1/2 of which will vest on the second anniversary date of the grant.
1/4 of the shares subject to the option vested on November 9, 2016, and 1/48 of the shares vest monthly thereafter.
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.
1/48 of the shares subject to the option vests in equal monthly installments commencing one month from September 24, 2018.
/s/ Aparna Bawa, Attorney-in-Fact
2020-07-14