Home > Insider Trading > Filing (0001225208-18-010267)

Filing Details

Accession Number:: 0001225208-18-010267
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2018-06-06 17:15:31
Reporting Period:: 2018-06-04

Accepted Time:: 2018-06-06 17:15:31
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1474432	Pure Storage Inc.	PSTG	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1433644	L Michael Speiser	755 Page Mill Rd., Suite A-200 Palo Alto CA 94304-1005		Yes	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Acquisiton	2018-06-04	1,024,538	$0.00	1,024,538	No	4	C	Indirect	By Ltd Liability Company (SHA)
Class A Common Stock	Disposition	2018-06-04	1,024,538	$0.00	0	No	4	J	Indirect	By Ltd Liability Company (SHA)
Class A Common Stock	Acquisiton	2018-06-04	50,000	$0.00	50,000	No	4	C	Indirect	By Ltd Partnership (SHV As Nominee)
Class A Common Stock	Disposition	2018-06-04	50,000	$22.65	0	No	4	S	Indirect	By Ltd Partnership (SHV As Nominee)
Class A Common Stock	Acquisiton	2018-06-05	50,000	$0.00	50,000	No	4	C	Indirect	By Ltd Partnership (SHV As Nominee)
Class A Common Stock	Disposition	2018-06-05	50,000	$23.05	0	No	4	S	Indirect	By Ltd Partnership (SHV As Nominee)
Class A Common Stock	Acquisiton	2018-06-06	50,000	$0.00	50,000	No	4	C	Indirect	By Ltd Partnership (SHV As Nominee)
Class A Common Stock	Disposition	2018-06-06	50,000	$23.46	0	No	4	S	Indirect	By Ltd Partnership (SHV As Nominee)
Class A Common Stock	Acquisiton	2018-06-04	40,982	$0.00	40,982	No	4	J	Indirect	By Trust (Trustees)

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Indirect	By Ltd Liability Company (SHA)
No	4	J	Indirect	By Ltd Liability Company (SHA)
No	4	C	Indirect	By Ltd Partnership (SHV As Nominee)
No	4	S	Indirect	By Ltd Partnership (SHV As Nominee)
No	4	C	Indirect	By Ltd Partnership (SHV As Nominee)
No	4	S	Indirect	By Ltd Partnership (SHV As Nominee)
No	4	C	Indirect	By Ltd Partnership (SHV As Nominee)
No	4	S	Indirect	By Ltd Partnership (SHV As Nominee)
No	4	J	Indirect	By Trust (Trustees)

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Class B Common Stock	Disposition	2018-06-04	1,024,538	$0.00	1,024,538	$0.00
Class A Common Stock	Class B Common Stock	Disposition	2018-06-04	50,000	$0.00	50,000	$0.00
Class A Common Stock	Class B Common Stock	Disposition	2018-06-05	50,000	$0.00	50,000	$0.00
Class A Common Stock	Class B Common Stock	Disposition	2018-06-06	50,000	$0.00	50,000	$0.00

Remaning Holdings	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	No	4	C	Indirect
2,572,254	No	4	C	Indirect
2,522,254	No	4	C	Indirect
2,472,254	No	4	C	Indirect

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	15,601	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Amount	Remaning Holdings	Nature of Ownership
Class A Common Stock	Class B Common Stock	$0.00	6,000	6,000	Direct
Class A Common Stock	Class B Common Stock	$0.00	232,226	232,226	Indirect
Class A Common Stock	Class B Common Stock	$0.00	377,173	377,173	Indirect
Class A Common Stock	Class B Common Stock	$0.00	43,800	43,800	Indirect
Class A Common Stock	Class B Common Stock	$0.00	2,938,406	2,938,406	Indirect

Amount	Remaning Holdings	Nature of Ownership
6,000	6,000	Direct
232,226	232,226	Indirect
377,173	377,173	Indirect
43,800	43,800	Indirect
2,938,406	2,938,406	Indirect

Footnotes

Each share of Class B Common Stock is convertible at any time at the option of the reporting person into one share of Class A Common Stock and has no expiration date. The Class B Common Stock will convert automatically into Class A Common Stock on the same basis upon the earlier of: (i) any transfer, whether or not for value, except for certain "Permitted Transfers" as defined in the Issuer's restated certificate of incorporation in effect as of the date hereof, (ii) the affirmative vote of the holders of Class B Common Stock representing not less than a majority of the outstanding shares of Class B Common Stock, or (iii) October 6, 2025.
Shares held by Sutter Hill Associates, LLC ("SHA"). Sutter Hill Ventures, a California Limited Partnership ("SHV") has voting and dispositive power over the shares held by SHA, and the reporting person is a trustee of a trust which is a member of SHA. The reporting person disclaims beneficial ownership in these shares except as to the reporting person's pecuniary interest therein.
Represents a pro rata distribution by SHA to its members, including a trust of which the reporting person is a trustee, for no additional consideration.
Shares held by SHV as a nominee on behalf of, and for the exclusive benefit of, a trust (of which the reporting person is a trustee), which is a member of the general partner of SHV. The reporting person disclaims beneficial ownership in these shares except as to the reporting person's pecuniary interest therein.
These sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 23, 2018.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $22.30 to $22.91, inclusive. The reporting person undertakes to provide to Pure Storage, Inc., and any security holder of Pure Storage, Inc., 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.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $22.84 to $23.26, inclusive. The reporting person undertakes to provide to Pure Storage, Inc., and any security holder of Pure Storage, Inc., 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.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $23.24 to $23.74, inclusive. The reporting person undertakes to provide to Pure Storage, Inc., and any security holder of Pure Storage, Inc., 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.
Shares received in connection with the pro rata distribution by SHA as described in footnote (3).
Shares held by a trust of which the reporting person is a trustee. The reporting person disclaims beneficial ownership in these shares except as to the reporting person's pecuniary interest therein.
The reporting person shares pecuniary interest in these shares with other individuals pursuant to a contractual relationship. The reporting person disclaims beneficial ownership in these shares except as to the reporting person's pecuniary interest in these shares.
Shares held by Sutter Hill Management Company, L.L.C ("SHM"). SHV has voting and dispositive power over the shares held by SHM, and the reporting person is a trustee of a trust which is a member of SHM. The reporting person disclaims beneficial ownership in these shares except as to the reporting person's pecuniary interest therein.
Shares held by a limited partnership of which the reporting person is a trustee of a trust which is the general partner. The reporting person disclaims beneficial ownership in these shares except as to the reporting person's pecuniary interest therein.
Shares held by the SHV Profit Sharing Plan, a retirement trust, for the benefit of the reporting person.