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*
Accel X LP

(Last) (First) (Middle)
500 UNIVERSITY AVENUE

(Street)
PALO ALTO CA 94301

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Slack Technologies, Inc. [ WORK ]
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)
06/20/2019
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 06/20/2019 S 6,725,250 D $38.5 10,420,830 D(1)
Class A Common Stock 06/20/2019 S 896,700 D $40.76(2) 9,524,130 D(1)
Class A Common Stock 06/20/2019 J(3) 8,967,000 D $0 557,130 D(1)
Class A Common Stock 06/20/2019 S 504,750 D $38.5 782,123 I By Accel X Strategic Partners L.P.(4)
Class A Common Stock 06/20/2019 S 67,300 D $40.76(2) 714,823 I By Accel X Strategic Partners L.P.(4)
Class A Common Stock 06/20/2019 J(5) 673,000 D $0 41,823 I By Accel X Strategic Partners L.P.(4)
Class A Common Stock 06/20/2019 S 270,000 D $38.5 418,373 I By Accel Investors 2009 L.L.C(6)
Class A Common Stock 06/20/2019 S 36,000 D $40.76(2) 382,373 I By Accel Investors 2009 L.L.C(6)
Class A Common Stock 06/20/2019 J(7) 360,000 D $0 22,373 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)
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
1. Name and Address of Reporting Person*
Accel X LP

(Last) (First) (Middle)
500 UNIVERSITY AVENUE

(Street)
PALO ALTO CA 94301

(City) (State) (Zip)
1. Name and Address of Reporting Person*
ACCEL X STRATEGIC PARTNERS LP

(Last) (First) (Middle)
500 UNIVERSITY AVENUE

(Street)
PALO ALTO CA 94301

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Accel X Associates L.L.C.

(Last) (First) (Middle)
500 UNIVERSITY AVENUE

(Street)
PALO ALTO CA 94301

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Accel Investors 2009 L.L.C.

(Last) (First) (Middle)
500 UNIVERSITY AVE.

(Street)
PALO ALTO CA 94301

(City) (State) (Zip)
Explanation of Responses:
1. 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.
2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.50 to $41.05. The reporting persons undertake 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.
3. On June 20, 2019, Accel X L.P. distributed, for no consideration, 8,967,000 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 June 20, 2019, Accel X Strategic Partners L.P. distributed, for no consideration, 673,000 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 June 20, 2019, Accel Investors 2009 L.L.C. distributed, for no consideration, 360,000 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 06/24/2019
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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