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*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
Slack Technologies, Inc. [ WORK ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 04/09/2020 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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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 | 04/09/2020 | C | 8,967,000 | A | $0.00(1) | 8,967,000 | D(2) | |||
Class A Common Stock | 04/09/2020 | J(3) | 4,931,850 | D | $0.00 | 4,035,150 | D(2) | |||
Class A Common Stock | 04/09/2020 | C | 673,000 | A | $0.00(1) | 673,000 | I | By Accel X Strategic Partners L.P.(4) | ||
Class A Common Stock | 04/09/2020 | J(5) | 370,150 | D | $0.00 | 302,850 | I | By Accel X Strategic Partners L.P.(4) | ||
Class A Common Stock | 04/09/2020 | C | 360,000 | A | $0.00(1) | 360,000 | I | By Accel Investors 2009 L.L.C.(6) | ||
Class A Common Stock | 04/09/2020 | J(7) | 198,000 | D | $0.00 | 162,000 | I | By Accel Investors 2009 L.L.C.(6) |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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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 | (1) | 04/09/2020 | C | 8,967,000 | (1) | (1) | Class A Common Stock | 8,967,000 | $0.00 | 14,333,970 | D(2) | ||||
Class B Common Stock | (1) | 04/09/2020 | C | 673,000 | (1) | (1) | Class A Common Stock | 673,000 | $0.00 | 1,075,840 | I | By Accel X Strategic Partners L.P.(4) | |||
Class B Common Stock | (1) | 04/09/2020 | C | 360,000 | (1) | (1) | Class A Common Stock | 360,000 | $0.00 | 575,490 | I | By Accel Investors 2009 L.L.C.(6) |
1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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Explanation of Responses: |
1. Each share of Class B Common Stock is convertible without payment or consideration into one share of Class A Common Stock at the option of the holder and has no expiration date. |
2. These shares are held by Accel X L.P. Accel X Associates L.L.C. ("Accel X GP") is the general partner of each of Accel X L.P. and Accel X Strategic Partners L.P. (together, the "Accel X Entities"). Accel X GP has sole voting and dispositive power with regard to the shares held by the Accel X Entities. Accel X GP disclaims Section 16 beneficial ownership over the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that such reporting person is the beneficial owner of such securities for Section 16 or any other purpose. |
3. On April 9, 2020, Accel X L.P. distributed, for no consideration, 4,931,850 shares of Class A common stock of the Issuer (the "Accel X Shares") to its limited partners and to Accel X GP, the general partner of Accel X L.P., representing each such partner's pro rata interest in such Accel X Shares. On the same date, Accel X GP distributed, for no consideration, the Accel X Shares it received in the distribution by Accel X L.P. to its members, representing each such member's pro rata interest in such Accel X Shares. All of the aforementioned distributions were made in accordance with the exemptions afforded by Rules 16a-13 and 16a-9 of the Securities Exchange Act of 1934, as amended. |
4. These shares are held by Accel X Strategic Partners L.P. Accel X GP disclaims Section 16 beneficial ownership over the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that such reporting person is the beneficial owner of such securities for Section 16 or any other purpose. |
5. On April 9, 2020, Accel X Strategic Partners L.P. distributed, for no consideration, 370,150 shares of Class A common stock of the Issuer (the "Accel X Strategic Shares") to its limited partners and to Accel X GP, the general partner of Accel X Strategic Partners L.P., representing each such partner's pro rata interest in such Accel X Strategic Shares. On the same date, Accel X GP distributed, for no consideration, the Accel X Strategic Shares it received in the distribution by the Fund to its members, representing each such member's pro rata interest in such Accel X Strategic Shares. All of the aforementioned distributions were made in accordance with the exemptions afforded by Rules 16a-13 and 16a-9 of the Securities Exchange Act of 1934, as amended. |
6. These shares are held by Accel Investors 2009 L.L.C. |
7. On April 9, 2020, Accel Investors 2009 L.L.C. distributed, for no consideration, 198,000 shares of Class A common stock of the Issuer (the "Accel 2009 Shares") to its members, representing each such member's pro rata interest in such Accel 2009 Shares. All of the aforementioned distributions were made in accordance with the exemptions afforded by Rules 16a-13 and 16a-9 of the Securities Exchange Act of 1934, as amended. |
Remarks: |
/s/ TRACY L. SEDLOCK, ATTORNEY IN FACT | 04/13/2020 | |
** 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). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |