FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Slootman Frank
2. Issuer Name and Ticker or Trading Symbol

Snowflake Inc. [ SNOW ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
CEO and Chairman
(Last)          (First)          (Middle)

C/O SNOWFLAKE INC., 450 CONCAR DRIVE
3. Date of Earliest Transaction (MM/DD/YYYY)

3/1/2021
(Street)

SAN MATEO, CA 94402
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 3/1/2021  C  74367 A (1)74367 D  
Class A Common Stock 3/1/2021  C  1349106 A (1)1349106 I Trust (2)
Class A Common Stock 3/1/2021  C  100000 A (1)100000 I Trust (3)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Class B Common Stock  (4)(5)12/28/2020  G   V   1349106   (4)(5) (4)(5)Class A Common Stock 1349106.0 $0 74367 D  
Class B Common Stock  (1)3/1/2021  C     74367   (1) (1)Class A Common Stock 74367.0 $0 0 D  
Class B Common Stock  (4)(5)12/28/2020  G   V 1349106     (4)(5) (4)(5)Class A Common Stock 1349106.0 $0 1349106 I Trust (2)
Class B Common Stock  (1)3/1/2021  C     1349106   (1) (1)Class A Common Stock 1349106.0 $0 0 I Trust (2)
Class B Common Stock  (1)3/1/2021  C     100000   (1) (1)Class A Common Stock 100000.0 $0 0 I Trust (3)
Stock Option (Right to Buy) $8.88 3/1/2021  J (6)    13677476   (7)5/28/2029 Class B Common Stock 13677476.0 $0 0 D  
Stock Option (Right to Buy) $8.88 3/1/2021  J (6)  13677476     (7)5/28/2029 Class A Common Stock 13677476.0 $0 13677476 D  
Stock Option (Right to Buy) $8.88 3/1/2021  J (6)    41291   (8)5/28/2029 Class B Common Stock 41291.0 $0 0 D  
Stock Option (Right to Buy) $8.88 3/1/2021  J (6)  41291     (8)5/28/2029 Class A Common Stock 41291.0 $0 41291 D  

Explanation of Responses:
(1) Effective as of 5:00 p.m. Eastern Time on March 1, 2021, the date specified by the holders of a majority of the then-outstanding shares of the Issuer's Class B Common Stock, each share of the Issuer's Class B Common Stock automatically converted into one share of Class A Common Stock pursuant to the Issuer's amended and restated certificate of incorporation.
(2) The shares are held by the Slootman Living Trust dated 9/8/1999 for which the Reporting Person is a trustee.
(3) The shares are held by the Slootman Family 2019 Extended Family Trust for which Reporting Person is a trustee.
(4) At the time of this transaction, each share of Class B Common Stock was convertible at any time at the option of the Reporting Person into one share of Class A Common Stock, and had no expiration date. On any transfer of shares of Class B Common Stock, each such transferred share would have automatically converted into one share of Class A Common Stock, except for certain "Permitted Transfers" described in the Issuer's amended and restated certificate of incorporation.
(5) At the time of this transaction, each share of Class B Common Stock held by the Reporting Person was automatically convertible into one share of Class A Common Stock, upon the following: (1) the sale or transfer of such share of Class B Common Stock; (2) the death of the Reporting Person; and (3) on the final conversion date, defined as the earlier of (a) the first trading day falling nine months after the date on which the outstanding shares of Class B Common Stock represent less than 10% of the then outstanding Class A and Class B Common Stock; (b) the seventh anniversary of the effectiveness of the registration statement in connection with the Issuer's IPO; or (c) the date specified by a vote of the holders of a majority of the outstanding shares of Class B Common Stock, voting as a single class. Subsequent to this transaction, the shares of Class B Common Stock were automatically converted into Class A Common Stock as described in footnote 1.
(6) In connection with the automatic conversion described in footnote 1, the outstanding options to purchase shares of Class B Common Stock that were issued under the Issuer's Amended and Restated 2012 Equity Incentive Plan remain unchanged, except that the underlying shares now represent Class A Common Stock.
(7) The shares subject to the option are immediately exercisable and vest in 48 equal monthly installments beginning on April 26, 2019, subject to Reporting Person's continuous service through each such vesting date.
(8) The shares subject to the option vest in 48 equal monthly installments beginning on April 26, 2019, subject to Reporting Person's continuous service through each such vesting date.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Slootman Frank
C/O SNOWFLAKE INC.
450 CONCAR DRIVE
SAN MATEO, CA 94402
X
CEO and Chairman

Signatures
/s/ Travis Shrout, Attorney-in-Fact3/3/2021
**Signature of Reporting PersonDate

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