70 Thirty Trust 4
4 · ZUORA INC · Filed Apr 16, 2018
Insider Transaction Report
Form 4
ZUORA INCZUO
70 Thirty Trust
10% Owner
Transactions
- Conversion
Series A Preferred Stock
2018-04-16−1,531,977→ 0 total→ Class B Common Stock (1,531,997 underlying) - Conversion
Class B Common Stock
2018-04-16+1,574,074→ 6,990,299 total→ Class A Common Stock (1,574,074 underlying) - Conversion
Series B Preferred Stock
2018-04-16−42,097→ 0 total→ Class B Common Stock (42,097 underlying)
Footnotes (3)
- [F1]Each share of the issuer's Class B Common Stock will convert into 1 share of the issuer's Class A Common Stock (a) at the option of the holder and (b) automatically upon (i) any transfer which occurs after the closing of the issuer's initial public offering ("IPO"), except for certain permitted transfers, and (ii) the date that is the earliest of (x) the date specified by a vote of the holders of not less than 66 2/3% of the outstanding shares of Class B Common Stock, (y) ten years from the effective date of the IPO and (z) the date that the total number of shares of outstanding Class B Common Stock ceases to represent at least 5% of all outstanding shares of the issuer's common stock, and has no expiration date.
- [F2]Tien Tzuo, an executive officer of the issuer and a member of the issuer's Board of Directors, is the trustee of the 70 Thirty Trust.
- [F3]Each share of the issuer's Series A Preferred Stock and Series B Preferred Stock automatically converted into 1 share of the issuer's Class B Common Stock immediately upon the closing of the issuer's IPO and has no expiration date.