Statement of Changes in Beneficial Ownership (4)
September 13 2021 - 5:43PM
Edgar (US Regulatory)
FORM 4
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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
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1. Name and Address of Reporting Person
*
Marlow John H |
2. Issuer Name and Ticker or Trading Symbol
RingCentral, Inc.
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RNG
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) SVP, CAO & General Counsel |
(Last)
(First)
(Middle)
C/O RINGCENTRAL, INC., 20 DAVIS DRIVE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
9/9/2021 |
(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)
_X
_ Form filed by One Reporting Person
___ 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 | 9/9/2021 | | C(1) | | 7500 | A | $0.00 | 195089 | D | |
Class A Common Stock | 9/9/2021 | | S(2) | | 3662 | D | $233.08 (3) | 191427 | D | |
Class A Common Stock | 9/9/2021 | | S(2) | | 2638 | D | $234.13 (4) | 188789 | D | |
Class A Common Stock | 9/9/2021 | | S(2) | | 1000 | D | $234.99 (5) | 187789 | D | |
Class A Common Stock | 9/9/2021 | | S(2) | | 200 | D | $235.86 (6) | 187589 | D | |
Class A Common Stock | 9/9/2021 | | C(1) | | 420 | A | $0.00 | 12500 | D | |
Class A Common Stock | 9/9/2021 | | S(7) | | 120 | D | $233.15 (8) | 12380 | I | By Trust (9) |
Class A Common Stock | 9/9/2021 | | S(7) | | 300 | D | $234.40 (10) | 12080 | I | By Trust (9) |
Class A Common Stock | 9/9/2021 | | C(1) | | 250 | A | $0.00 | 8250 | I | By Trusts (11) |
Class A Common Stock | 9/9/2021 | | S(7) | | 250 | D | $233.29 (12) | 8000 | I | By Trusts (11) |
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 |
Class B Common Stock | (13) | 9/9/2021 | | C (1) | | | 7500 | (13) | (13) | Class A Common Stock | 7500 | $0.00 | 255334 | D | |
Class B Common Stock | (13) | 9/9/2021 | | C (1) | | | 420 | (13) | (13) | Class A Common Stock | 420 | $0.00 | 8740 | I | By Trust (9) |
Class B Common Stock | (13) | 9/9/2021 | | C (1) | | | 250 | (13) | (13) | Class A Common Stock | 250 | $0.00 | 4800 | I | By Trusts (11) |
Explanation of Responses: |
(1) | Each Share of Class A Common Stock was issued upon conversion of one share of Class B Common Stock. |
(2) | These sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 14, 2021. |
(3) | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $232.67 to $233.65, 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 (3) through (6), (8), (10) and (12) to this Form 4. |
(4) | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $233.68 to $234.44, inclusive. |
(5) | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $234.79 to $235.18, inclusive. |
(6) | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $235.85 to $235.90, inclusive. |
(7) | These sales were effected pursuant to Rule 10b5-1 trading plans adopted by the Reporting Person on December 14, 2020. |
(8) | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $232.80 to $233.22, inclusive. |
(9) | Shares held in The M&M Family 2020 Irrevocable Trust. The Reporting Person and his spouse are co-trustees of this trust. |
(10) | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $234.125 to $234.68, inclusive. |
(11) | Shares held in trusts for the benefit of the Reporting Person's children. The Reporting Person and his spouse are co-trustees of these trusts. |
(12) | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $232.83 to $233.44, inclusive. |
(13) | 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. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Marlow John H C/O RINGCENTRAL, INC. 20 DAVIS DRIVE BELMONT, CA 94002 |
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| SVP, CAO & General Counsel |
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Signatures
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/s/ Bruce Johnson, Attorney-in-fact | | 9/13/2021 |
**Signature of Reporting Person | Date |
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