Filing Details
- Accession Number:
- 0001209191-17-019736
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2017-03-09 21:18:49
- Reporting Period:
- 2017-03-07
- Filing Date:
- 2017-03-09
- Accepted Time:
- 2017-03-09 21:18:49
- SEC Url:
- Form 4 Filing
Issuer
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1091435 | Mitchell Lasky | C/O Benchmark Capital 2965 Woodside Road Woodside CA 94062 | Yes | No | 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 | Disposition | 2017-03-07 | 20,000,000 | $17.00 | 45,799,720 | No | 4 | S | Indirect | See Footnote |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Indirect | See Footnote |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Class B Common Stock | Series A Preferred Stock | Disposition | 2017-03-07 | 59,947,720 | $0.00 | 59,947,720 | $0.00 |
| Class B Common Stock | Series B Preferred Stock | Disposition | 2017-03-07 | 5,852,000 | $0.00 | 5,852,000 | $0.00 |
| Class A Common Stock | Class B Common Stock | Acquisiton | 2017-03-07 | 65,799,720 | $0.00 | 65,799,720 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | No | 4 | C | Indirect | ||
| 0 | No | 4 | C | Indirect | ||
| 65,799,720 | No | 4 | C | Indirect |
Footnotes
- Shares are held by Benchmark Capital Partners VII, L.P. ("BCP VII"), as nominee for BCP VII, Benchmark Founders' Fund VII, L.P. ("BFF VII"), Benchmark Founders' Fund VII-B, L.P. ("BFF VII-B") and related persons. Benchmark Capital Management Co. VII, L.L.C. ("BCMC VII"), the general partner of each of BCP VII, BFF VII and BFF VII-B, may be deemed to have sole power to vote these shares. Matthew R. Cohler, Bruce W. Dunlevie, Peter H. Fenton, J. William Gurley, Kevin R. Harvey, Mr. Lasky, and Steven M. Spurlock, the managing members of BCMC VII, may be deemed to have shared power to vote these shares beneficially held by such entities. Each such person and entity disclaims the existence of a "group" and disclaims beneficial ownership of any securities (except to the extent of such person's or entity's pecuniary interest in such securities).
- Upon the closing of the Issuer's sale of its Class A Common Stock in its firm commitment underwritten initial public offering pursuant to a registration statement on Form S-1 (File No. 333-215866) under the Securities Act of 1933, as amended (the "IPO"), each share of Series A Preferred Stock converted automatically into one share of Class B Common Stock.
- Upon the closing of the IPO, each share of Series B Preferred Stock converted automatically into one share of Class B Common Stock.
- Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the reporting person or upon the transfer of such share of Class B Common Stock, other than a Permitted Transfer (as defined in the Issuer's certificate of incorporation then in effect). The Class B Common Stock has no expiration date.
Billionaire Hedge Funds
