Statement of Changes in Beneficial Ownership (4)
November 25 2020 - 5:46PM
Edgar (US Regulatory)
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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3235-0287
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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
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1. Name and Address of Reporting Person
*
Shmunis Vladimir |
2. Issuer Name and Ticker or Trading Symbol
RingCentral, Inc.
[
RNG
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) CEO & Chairman |
(Last)
(First)
(Middle)
C/O RINGCENTRAL, INC., 20 DAVIS DRIVE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
11/24/2020 |
(Street)
BELMONT, CA 94002
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
___ Form filed by One Reporting Person
_
X
_ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Class A Common Stock | 11/24/2020 | | M | | 10000 | A | $17.13 | 169242 | D | |
Class A Common Stock | 11/24/2020 | | S(1) | | 1081 | D | $280.80 (2) | 168161 | D | |
Class A Common Stock | 11/24/2020 | | S(1) | | 1819 | D | $281.69 (3) | 166342 | D | |
Class A Common Stock | 11/24/2020 | | S(1) | | 2397 | D | $282.81 (4) | 163945 | D | |
Class A Common Stock | 11/24/2020 | | S(1) | | 3103 | D | $283.70 (5) | 160842 | D | |
Class A Common Stock | 11/24/2020 | | S(1) | | 1300 | D | $284.84 (6) | 159542 | D | |
Class A Common Stock | 11/24/2020 | | S(1) | | 100 | D | $285.59 (7) | 159442 | D | |
Class A Common Stock | 11/24/2020 | | S(1) | | 200 | D | $287.22 (8) | 159242 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. 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 Date | 7. 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) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Stock Option (right to buy) | $17.13 | 11/24/2020 | | M | | | 10000 | (9) | 5/1/2022 | Class A Common Stock | 10000 | $0.00 | 88249 | D | |
Class B Common Stock | (10) | | | | | | | (10) | (10) | Class A Common Stock | 5631107 | | 5621107 | I | By ELCA Fund I, L.P. (11) |
Class B Common Stock | (10) | | | | | | | (10) | (10) | Class A Common Stock | 6690 | | 6690 | I | By ELCA Fund II, L.P. (11) |
Class B Common Stock | (10) | | | | | | | (10) | (10) | Class A Common Stock | 6690 | | 6690 | I | By ELCA Fund III, L.P. (11) |
Class B Common Stock | (10) | | | | | | | (10) | (10) | Class A Common Stock | 621 | | 621 | I | By ELCA, LLC (11) |
Class B Common Stock | (10) | | | | | | | (10) | (10) | Class A Common Stock | 510 | | 510 | I | By Trust (12) |
Explanation of Responses: |
(1) | The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 11, 2020. |
(2) | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $280.22 to $281.19, 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 ranges set forth in footnotes (2) through (8) to this Form 4. |
(3) | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $281.23 to $282.18, inclusive. |
(4) | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $282.27 to $283.18, inclusive. |
(5) | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $283.27 to $284.265, inclusive. |
(6) | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $284.48 to $285.20, inclusive. |
(7) | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $285.56 to $285.79, inclusive. |
(8) | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $287.10 to $287.34, inclusive. |
(9) | Shares subject to the option were fully vested and immediately exercisable. |
(10) | Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of Class A Common Stock and has no expiration date. In addition, each share of Class B Common Stock held by a shareholder will convert automatically into one share of Class A Common Stock upon (i) any transfer of such share (subject to certain exceptions), or (ii) the occurrence of certain other specific instances, including the vote of the holders of the Class B Common Stock, as set forth in the issuer's Amended and Restated Certificate of Incorporation. |
(11) | Vladimir Shmunis and Sandra Shmunis are the managing members of ELCA, LLC. ELCA, LLC is the general partner of ELCA Fund I, L.P., ELCA Fund II, L.P., and ELCA Fund III, L.P. By virtue of this relationship, Mr. Shmunis and Mrs. Shmunis may be deemed to share voting and dispositive power with respect to the shares held by ELCA Fund I, L.P., and certain of the shares held by ELCA Fund II, L.P. and ELCA Fund III, L.P. Each of the Reporting Persons disclaims beneficial ownership of these securities except to the extent of its pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes. |
(12) | Shares are held by the Shmunis Revocable Trust dated June 9, 1998, as amended, for which Vladimir Shmunis and Sandra Shmunis are trustees and beneficiaries. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Shmunis Vladimir C/O RINGCENTRAL, INC. 20 DAVIS DRIVE BELMONT, CA 94002 | X |
| CEO & Chairman |
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Shmunis Sandra C/O RINGCENTRAL, INC. 20 DAVIS DRIVE BELMONT, CA 94002 |
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| Wife of Reporting Person |
ELCA Fund I, LP C/O RINGCENTRAL, INC. 20 DAVIS DRIVE BELMONT, CA 94002 |
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| Controlled by Reporting Person |
ELCA Fund II, LP C/O RINGCENTRAL, INC. 20 DAVIS DRIVE BELMONT, CA 94002 |
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| Controlled by Reporting Person |
ELCA Fund III, LP C/O RINGCENTRAL, INC. 20 DAVIS DRIVE BELMONT, CA 94002 |
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| Controlled by Reporting Person |
ELCA, LLC C/O RINGCENTRAL, INC. 20 DAVIS DRIVE BELMONT, CA 94002 |
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| Controlled by Reporting Person |
Signatures
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/s/ Bruce P. Johnson, attorney-in-fact for Vladimir Shmunis | | 11/25/2020 |
**Signature of Reporting Person | Date |
/s/ Bruce P. Johnson, attorney-in-fact for Sandra Shmunis | | 11/25/2020 |
**Signature of Reporting Person | Date |
/s/ Bruce P. Johnson, attorney-in-fact for Sandra Shmunis, a Managing Member of ELCA, LLC, the General Partner of ELCA Fund I, L.P. | | 11/25/2020 |
**Signature of Reporting Person | Date |
/s/ Bruce P. Johnson, attorney-in-fact for Sandra Shmunis, a Managing Member of ELCA, LLC, the General Partner of ELCA Fund II, L.P. | | 11/25/2020 |
**Signature of Reporting Person | Date |
/s/ Bruce P. Johnson, attorney-in-fact for Sandra Shmunis, a Managing Member of ELCA, LLC, the General Partner of ELCA Fund III, L.P. | | 11/25/2020 |
**Signature of Reporting Person | Date |
/s/ Bruce P. Johnson, attorney-in-fact for Sandra Shmunis, a Managing Member of ELCA, LLC | | 11/25/2020 |
**Signature of Reporting Person | Date |
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