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Filing Details

Accession Number:: 0001209191-19-045435
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2019-08-12 09:11:43
Reporting Period:: 2019-08-08

Accepted Time:: 2019-08-12 09:11:43
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1627475	Upwork Inc.	UPWK	Services-Prepackaged Software (7372)	DE

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1091435	Mitchell Lasky	2965 Woodside Road Woodside CA 94062	No	No	Yes	No
1183234	Robert Kagle	2965 Woodside Road Woodside CA 94062	No	No	Yes	No
1190191	William J Gurley	2965 Woodside Road Woodside CA 94062	No	No	Yes	No
1190192	Alexandre Balkanski	2965 Woodside Road Woodside CA 94062	No	No	Yes	No
1190193	M Steven Spurlock	2965 Woodside Road Woodside CA 94062	No	No	Yes	No
1190211	Bruce Dunlevie	2965 Woodside Road Woodside CA 94062	No	No	Yes	No
1219230	H Peter Fenton	2965 Woodside Road Woodside CA 94062	No	No	Yes	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2019-08-08	3,000,000	$0.00	9,852,570	No	4	J	Indirect	See footnote
Common Stock	Acquisiton	2019-08-08	31,971	$0.00	31,971	No	4	J	Indirect	See footnote
Common Stock	Disposition	2019-08-09	1,517	$15.77	30,454	No	4	S	Indirect	See footnote
Common Stock	Acquisiton	2019-08-08	113,272	$0.00	113,272	No	4	J	Indirect	See footnote
Common Stock	Acquisiton	2019-08-08	16,305	$0.00	16,305	No	4	J	Indirect	See footnote
Common Stock	Acquisiton	2019-08-08	106,285	$0.00	106,285	No	4	J	Indirect	See footnote
Common Stock	Disposition	2019-08-09	70,608	$15.40	35,677	No	4	S	Indirect	See footnote
Common Stock	Acquisiton	2019-08-08	38,820	$0.00	38,820	No	4	J	Indirect	See footnote
Common Stock	Disposition	2019-08-09	25,789	$15.40	13,031	No	4	S	Indirect	See footnote
Common Stock	Acquisiton	2019-08-08	120,118	$0.00	120,118	No	4	J	Indirect	See footnote
Common Stock	Disposition	2019-08-09	6,069	$15.77	114,049	No	4	S	Indirect	See footnote
Common Stock	Acquisiton	2019-08-08	126,485	$0.00	126,485	No	4	J	Indirect	See footnote
Common Stock	Disposition	2019-08-09	6,069	$15.77	120,416	No	4	S	Indirect	See footnote
Common Stock	Acquisiton	2019-08-08	1,398	$0.00	1,398	No	4	J	Indirect	See footnote
Common Stock	Acquisiton	2019-08-08	121,813	$0.00	121,813	No	4	J	Indirect	See footnote
Common Stock	Acquisiton	2019-08-08	56,365	$0.00	56,365	No	4	J	Indirect	See footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	J	Indirect	See footnote
No	4	J	Indirect	See footnote
No	4	S	Indirect	See footnote
No	4	J	Indirect	See footnote
No	4	J	Indirect	See footnote
No	4	J	Indirect	See footnote
No	4	S	Indirect	See footnote
No	4	J	Indirect	See footnote
No	4	S	Indirect	See footnote
No	4	J	Indirect	See footnote
No	4	S	Indirect	See footnote
No	4	J	Indirect	See footnote
No	4	S	Indirect	See footnote
No	4	J	Indirect	See footnote
No	4	J	Indirect	See footnote
No	4	J	Indirect	See footnote

Footnotes

Represents a pro-rata, in-kind distribution by BCP V and its affiliated funds and associated persons, without additional consideration, to their respective partners, members and assigns.
Shares are held directly by Benchmark Capital Partners V, L.P. ("BCP V"), as nominee for BCP V, Benchmark Founders' Fund V, L.P. ("BFF V"), Benchmark Founders' Fund V-A, L.P. ("BFF V-A"), Benchmark Founders' Fund V-B, L.P. ("BFF V-B") and related persons. Benchmark Capital Management Co. V, L.L.C. ("BCMC V"), the general partner of BCP V, BFF V, BFF V-A and BFF V-B, may be deemed to have sole voting and dispositive power over such shares. Alexandre Balkanski, Bruce W. Dunlevie, Peter H. Fenton, J. William Gurley, Kevin R. Harvey, Robert C. Kagle, Mitchell H. Lasky and Steven M. Spurlock, the managing members of BCMC V, may be deemed to share voting and dispositive power over these shares. 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).
Shares are held by Steven M. Spurlock's family trust.
The price reported in Column 4 is a weighed average price. These shares were sold in multiple transactions at prices ranging from $15.51 to $16.00, 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.
Shares are held by Alexandre Balkanski's family trust.
Shares are held by a limited partnership controlled by Alexandre Balkanski.
Shares are held by Bruce W. Dunlevie's family trust.
The price reported in Column 4 is a weighed average price. These shares were sold in multiple transactions at prices ranging from $15.04 to $16.01, 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.
Shares are held by a limited partnership controlled by Bruce W. Dunlevie.
Shares are held by Peter H. Fenton's trust.
Shares are held by J. William Gurley's trust.
Shares are held by a limited partnership controlled by J. William Gurley.
Shares are held by Robert C. Kagle.
Shares are held by Mitchell H. Lasky's family trust.