Statement of Changes in Beneficial Ownership (4)
March 04 2020 - 5:26PM
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
*
Shim Allen |
2. Issuer Name and Ticker or Trading Symbol
Slack Technologies, Inc.
[
WORK
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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) Chief Financial Officer |
(Last)
(First)
(Middle)
C/O SLACK TECHNOLOGIES, INC., 500 HOWARD STREET |
3. Date of Earliest Transaction
(MM/DD/YYYY)
3/2/2020 |
(Street)
SAN FRANCISCO,, CA 94105
(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 | 3/2/2020 | | C | | 9375 | A | $0 (1) | 186718 | D | |
Class A Common Stock | 3/2/2020 | | S(2) | | 4708 | D | $26.73 | 182010 | 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 |
Restricted Stock Units | (3) | 3/2/2020 | | M | | | 9375 | (4) | 5/10/2024 | Class B Common Stock (1) | 9375.0 | $0 (3) | 37500 | D | |
Class B Common Stock | (1) | 3/2/2020 | | M | | 9375 | | (1) | (1) | Class A Common Stock | 9375.0 | $0 (1) | 249375 | D | |
Class B Common Stock | (1) | 3/2/2020 | | C | | | 9375 | (1) | (1) | Class A Common Stock | 9375.0 | $0 (1) | 240000 | D | |
Class B Common Stock | (1) | | | | | | | (1) | (1) | Class A Common Stock | 1529105.0 | | 1529105 | I | By The Shim-Park Family Revocable Trust |
Class B Common Stock | (1) | | | | | | | (1) | (1) | Class A Common Stock | 120000.0 | | 120000 | I | By Allen Shim, trustee of the Allen Shim 2019 Grantor Retained Annuity Trust dated May 1, 2019 |
Explanation of Responses: |
(1) | Each share of Class B Common Stock is convertible without payment or consideration into one share of Class A Common Stock at the option of the holder and has no expiration date. |
(2) | Shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of Restricted Stock Units (RSUs). |
(3) | Each RSU represents the right to receive one share of Class B Common Stock. |
(4) | The RSUs are subject to time-based and performance-based vesting criteria. The time-based vesting occurs in 16 quarterly installments commencing on July 1, 2017, subject to the Reporting Person's continued service with the Issuer on each such date. The performance-based criteria was satisfied upon the Issuer's listing and public trading of its Class A Common Stock on June 20, 2019. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Shim Allen C/O SLACK TECHNOLOGIES, INC. 500 HOWARD STREET SAN FRANCISCO,, CA 94105 |
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| Chief Financial Officer |
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Signatures
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/s/ David Schellhase, as Attorney-in-Fact | | 3/4/2020 |
**Signature of Reporting Person | Date |
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