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Filing Details

Accession Number:: 0001423774-19-000059
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2019-06-20 20:50:13
Reporting Period:: 2019-05-01

Accepted Time:: 2019-06-20 20:50:13
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1423774	Zuora Inc	ZUO	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1312322	Jennifer Pileggi	C/O Zuora, Inc. 3050 South Delaware Street, Suite 301 San Mateo CA 94403	Svp, Gc And Corp. Secretary	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
Class A Common Stock	Acquisiton	2019-05-01	12,000	$0.00	13,785	No	4	A	Direct
Class A Common Stock	Acquisiton	2019-06-19	10,000	$0.00	23,785	No	4	C	Direct
Class A Common Stock	Disposition	2019-06-19	10,000	$16.01	13,785	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	A	Direct
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 A Common Stock	Stock Option (Right to buy Class A Common Stock)	Acquisiton	2019-05-01	24,000	$0.00	24,000	$21.38
Class B Common Stock	Stock Option (Right to buy Class B Common Stock)	Disposition	2019-06-19	10,000	$3.34	10,000	$3.34
Class A Common Stock	Class B Common Stock	Acquisiton	2019-06-19	10,000	$0.00	10,000	$0.00
Class A Common Stock	Class B Common Stock	Disposition	2019-06-19	10,000	$0.00	10,000	$0.00

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
24,000	2029-05-01	No	4	A	Direct
70,000	2025-07-16	No	4	M	Direct
10,000		No	4	M	Direct
0		No	4	C	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	50,000	Indirect	By The Bradley and Jennifer Pileggi Trust

Footnotes

Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement for no consideration. The RSU vests over four years, with 1/16 of the underlying shares vesting on June 30, 2019, and the remaining shares vesting as to 1/16 of such shares quarterly thereafter, so long as the Reporting Person continues to provide services to the Issuer through each vesting date.
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 option listed in Table II.
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 $16.00 and the highest price at which shares were sold was $16.06. 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 range set forth in this footnote.
The securities are held of record by The Bradley and Jennifer Pileggi Trust, of which the reporting person is trustee.
The option vests as to 1/48 of the shares on the last day of of each month beginning on April 30, 2019, with 100% of the total shares vested on April 30, 2023, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
The option vests as to 1/4 of the shares on the anniversary of the June 8, 2015 vesting commencement date, and then 1/48 of the total shares vest monthly thereafter, with 100% of the total shares vested on June 8, 2019, 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.
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 Class A Common Stock, and has no expiration date.