Filing Details

Accession Number:
0001181431-14-012735
Form Type:
4
Zero Holdings:
No
Publication Time:
2014-03-13 19:43:39
Reporting Period:
2014-03-11
Filing Date:
2014-03-13
Accepted Time:
2014-03-13 19:43:39
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1384905 Ringcentral Inc RNG Services-Computer Processing & Data Preparation (7374) 000000000
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1586648 Kira Makagon C/O Ringcentral, Inc.
1400 Fashion Island Blvd, 7Th Floor
San Mateo CA 94404
Evp, Innovation No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Acquisiton 2014-03-11 30,000 $0.00 40,000 No 4 C Direct
Class A Common Stock Disposition 2014-03-11 30,000 $20.48 10,000 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 C Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class B Common Stock Stock Option (Right to Buy) Disposition 2014-03-11 30,000 $0.00 30,000 $6.78
Class A Common Stock Class B Common Stock Acquisiton 2014-03-11 30,000 $0.00 30,000 $0.00
Class A Common Stock Class B Common Stock Disposition 2014-03-11 30,000 $0.00 30,000 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
545,212 2012-08-02 2022-08-02 No 4 M Direct
50,000 No 4 M Direct
20,000 No 4 C Direct
Footnotes
  1. Each share of Class A Common Stock was issued upon conversion of one share of Class B Common Stock. The Reporting Person sold shares to the Underwriters in connection with the sale of shares of Class A Common Stock by the Reporting Person in the Issuer's public offering.
  2. The option was immediately exercisable on date of grant. 25% of the shares subject to the option vested on 8/01/2013, and 1/48th of the shares vest each month thereafter over the following 36 months.
  3. 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 such share (subject to certain exceptions), or (ii) the death of a natural person holding such share.
  4. In addition, each share of Class B Common Stock outstanding will convert automatically into one share of Class A Common stock upon (i) the date specified by the holders of at least 67% of the outstanding shares of Class B Common Stock, (ii) the date on which the number of outstanding shares of Class B Common Stock represents less than 10% of the aggregate combined number of outstanding shares of Class A Common Stock and Class B Common Stock or (iii) the seven-year anniversary of the closing date of the Issuer's initial public offering (subject to certain exceptions).