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Filing Details

Accession Number:: 0001735436-19-000006
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2019-03-28 17:42:12
Reporting Period:: 2019-03-26

Accepted Time:: 2019-03-28 17:42:12
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1423774	Zuora Inc	ZUO	Services-Prepackaged Software (7372)	205530976

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1735436	Tyler Sloat	C/O Zuora, Inc. 3050 South Delaware Street, Suite 301 San Mateo CA 94403	Chief Financial Officer	No	Yes	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	2019-03-26	135,029	$0.00	366,312	No	4	C	Direct
Class A Common Stock	Disposition	2019-03-26	364,528	$20.04	1,784	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

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class B Common Stock	Stock Option (Right to buy Class B Common Stock)	Disposition	2019-03-26	117,105	$3.04	117,105	$3.04
Class A Common Stock	Class B Common Stock	Acquisiton	2019-03-26	117,105	$0.00	117,105	$0.00
Class A Common Stock	Class B Common Stock	Disposition	2019-03-26	117,105	$0.00	117,105	$0.00
Class B Common Stock	Stock Option (Right to buy Class B Common Stock)	Disposition	2019-03-26	17,924	$3.08	17,924	$3.08
Class A Common Stock	Class B Common Stock	Acquisiton	2019-03-26	17,924	$0.00	17,924	$0.00
Class A Common Stock	Class B Common Stock	Disposition	2019-03-26	17,924	$0.00	17,924	$0.00

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2024-11-18	No	4	M	Direct
117,105		No	4	M	Direct
0		No	4	C	Direct
309,608	2026-05-24	No	4	M	Direct
17,924		No	4	M	Direct
0		No	4	C	Direct

Footnotes

Represents the number of shares that were acquired by the Reporting Person upon conversion of the shares of Class B Common Stock into Class A Common Stock in connection with the exercise of the stock options listed in Table II.
Includes 1,785 shares of Class A Common Stock acquired on December 14, 2019 pursuant to the Issuer's employee stock purchase plan.
This transaction was effected pursuant to a 10b5-1 trading plan adopted by the reporting person.
Represents the weighted average sale price. The lowest price at which shares were sold was $20.00 and the highest price at which shares were sold was $20.24. The Reporting Person undertakes to provide upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer or its stockholders, full information regarding the total number of shares sold at each separate price within the rangesset forth in this footnote.
The option is fully vested and exercisable.
Each share of the Issuer's Class B Common Stock will convert into 1 share of the Issuer's Class A Common Stock (a) at the option of the holder and (b) automatically upon (i) any transfer, except for certain permitted transfers, and (ii) the date that is the earliest of (x) the date specified by a vote of the holders of not less than 66 2/3% of the outstanding shares of Class B Common Stock, (y) ten years from the effective date of the Issuer's initial public offering and (z) the date that the total number of shares of outstanding Class B Common Stock ceases to represent at least 5% of all outstanding shares of the Issuer's common stock, and has no expiration date.
The option vests as to 1/48th of the shares one month following the May 24, 2016 vesting commencement date, with 100% of the total shares vested on May 24, 2020, subject to the Reporting Person's provision of service to the Issuer on each vesting date. The option contains an early-exercise provision and is exercisable as to unvested shares, subject to the Issuer's right of repurchase.