Filing Details
- Accession Number:
- 0001423774-19-000121
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2019-11-01 16:10:41
- Reporting Period:
- 2019-10-30
- Accepted Time:
- 2019-11-01 16:10:41
- 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 |
|---|---|---|---|---|---|---|---|
| 1791403 | J. Robert Traube | C/O Zuora, Inc. 3050 S. Delaware St., #301 San Mateo CA 94403 | Chief Revenue Officer | 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 | 2019-10-30 | 100,000 | $0.00 | 100,000 | No | 4 | A | Direct | |
| Class A Common Stock | Acquisiton | 2019-10-30 | 100,000 | $0.00 | 200,000 | No | 4 | A | Direct | |
| Class A Common Stock | Disposition | 2019-10-31 | 48,973 | $14.39 | 151,027 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | A | Direct | |
| No | 4 | A | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| 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 | 2019-10-30 | 75,000 | $0.00 | 75,000 | $14.35 |
| Class A Common Stock | Stock Option (Right to buy Class A Common Stock) | Acquisiton | 2019-10-30 | 50,000 | $0.00 | 50,000 | $14.35 |
| Class A Common Stock | Stock Option (Right to buy Class A Common Stock) | Acquisiton | 2019-10-30 | 250,000 | $0.00 | 250,000 | $14.35 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 75,000 | 2029-10-30 | No | 4 | A | Direct | |
| 100,000 | 2029-10-30 | No | 4 | A | Direct | |
| 500,000 | 2029-10-30 | No | 4 | A | Direct |
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 1/4 of the total shares vesting on September 30, 2020 and the remaining shares vesting as to 1/16 of the total shares quarterly thereafter, so long as the Reporting Person continues to provide services to the Issuer through each vesting date.
- The RSU vested fully on October 30, 2019, the Reporting Person's employment start date with the Issuer.
- This transaction represents shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of the RSUs listed in row 2 of Table I. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.
- The option vests over four years, with 1/48 of the total shares vesting on the first monthly anniversary of the vesting commencement date and the remaining shares vesting as to 1/48 of the total shares monthly thereafter, so long as the Reporting Person continues to provide services to the Issuer through each vesting date. The vesting commencement date for this option will be the vesting start date for the refresh stock grants to be awarded to the other members of Zuora's executive management team in calendar year 2021 (provided that such date shall be no later than May 1, 2021).
- The option vests over four years, with 1/48 of the total shares vesting on the first monthly anniversary of the vesting commencement date and the remaining shares vesting as to 1/48 of the total shares monthly thereafter, so long as the Reporting Person continues to provide services to the Issuer through each vesting date. The vesting commencement date for this option will be the vesting start date for the refresh stock grants to be awarded to the other members of Zuora's executive management team in calendar year 2022 (provided that such date shall be no later than May 1, 2022).
- The option vests over four years, with 1/4 of the total shares vesting on October 30, 2020 and the remaining shares vesting as to 1/48 of the total shares monthly thereafter, so long as the Reporting Person continues to provide services to the Issuer through each vesting date.
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