Filing Details
- Accession Number:
- 0001582702-19-000013
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2019-07-12 17:41:41
- Reporting Period:
- 2019-07-10
- Accepted Time:
- 2019-07-12 17:41:41
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1366561 | Smartsheet Inc | SMAR | Services-Prepackaged Software (7372) | 202954357 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1582702 | Paul Porrini | C/O Smartsheet Inc. 10500 Ne 8Th St., Suite 1300 Bellevue WA 98004 | Chief Legal Officer & Gc | 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 | 2019-07-10 | 6,113 | $0.00 | 8,476 | No | 4 | C | Direct | |
| Class A Common Stock | Disposition | 2019-07-10 | 6,113 | $53.53 | 2,363 | No | 4 | S | Direct | |
| Class A Common Stock | Acquisiton | 2019-07-11 | 13,887 | $0.00 | 16,250 | No | 4 | C | Direct | |
| Class A Common Stock | Disposition | 2019-07-11 | 13,887 | $53.52 | 2,363 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | C | Direct | |
| No | 4 | S | Direct | |
| 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 Class B Common Stock) | Disposition | 2019-07-10 | 6,113 | $0.00 | 6,113 | $9.53 |
| Class A Common Stock | Class B Common Stock | Acquisiton | 2019-07-10 | 6,113 | $0.00 | 6,113 | $0.00 |
| Class A Common Stock | Class B Common Stock | Disposition | 2019-07-10 | 6,113 | $0.00 | 6,113 | $0.00 |
| Class B Common Stock | Stock Option (right to buy Class B Common Stock) | Disposition | 2019-07-11 | 13,887 | $0.00 | 13,887 | $9.53 |
| Class A Common Stock | Class B Common Stock | Acquisiton | 2019-07-11 | 13,887 | $0.00 | 13,887 | $0.00 |
| Class A Common Stock | Class B Common Stock | Disposition | 2019-07-11 | 13,887 | $0.00 | 13,887 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 438,887 | 2028-03-21 | No | 4 | M | Direct | |
| 6,113 | No | 4 | M | Direct | ||
| 0 | No | 4 | C | Direct | ||
| 425,000 | 2028-03-21 | No | 4 | M | Direct | |
| 13,887 | No | 4 | M | Direct | ||
| 0 | No | 4 | C | Direct |
Footnotes
- Represents the number of shares that were acquired upon conversion of Class B Common Stock to Class A Common Stock in connection with the exercise of the options listed in Table II.
- The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the holder.
- The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $53.53 to $53.55 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, 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 reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $53.50 to $53.55 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, 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 option vests as to 2.0833% of the total shares monthly, commencing on April 19, 2018, with 100% of the total shares vested and exercisable on March 19, 2022, subject to the reporting person's provision of service to the issuer on each vesting date.
- The Class B Common Stock is convertible into the issuer's Class A Common Stock on a 1-for-1 basis (a) at the option of the holder or (b) automatically upon (i) any transfer, except for certain permitted transfers, or (ii) the date that is the earliest of (x) the date specified by a vote of the holders of not less than a majority of the outstanding shares of Class B Common Stock, (y) April 26, 2025 and (z) the date that the total number of shares of outstanding Class B Common Stock ceases to represent at least 15% of all outstanding shares of the issuer's common stock, and has no expiration date.
- The holder elected to convert the Class B common stock to Class A common stock on a 1-for-1 basis.
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