4//SEC Filing
Deer VII & Co. Ltd. 4
Accession 0000899243-20-016023
CIK 0001506293other
Filed
Jun 9, 8:00 PM ET
Accepted
Jun 10, 8:55 PM ET
Size
19.4 KB
Accession
0000899243-20-016023
Insider Transaction Report
Form 4
PINTEREST, INC.NYSE:PINS
Bessemer Venture Partners VII L.P.
10% Owner
Transactions
- Other
Class A Common Stock
2020-06-08−5,945,813→ 0 total(indirect: See Footnotes) - Conversion
Class B Common Stock
2020-06-08−5,945,813→ 26,756,155 total(indirect: See footnotes)→ Class A Common Stock (5,945,813 underlying) - Conversion
Class A Common Stock
2020-06-08+5,945,813→ 5,945,813 total(indirect: See Footnotes)
Footnotes (5)
- [F1]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.
- [F2]Represents 1,902,665 shares converted from Class B Common Stock to Class A Common Stock by Bessemer Venture Partners VII L.P. ("BVP VII"), 832,417 shares converted from Class B Common Stock to Class A Common Stock by Bessemer Venture Partners VII Institutional L.P. ("BVP VII Inst"), and 3,210,731 shares converted from Class B Common Stock to Class A Common Stock by BVP Special Opportunity Fund VII L.P. ("BVP VII SOF" and together with BVP VII and BVP VII Inst, the "BVP VII Funds")
- [F3]Deer VII & Co. Ltd. ("Deer Ltd.") is the general partner of Deer VII & Co. L.P. ("Deer L.P."), which is the general partner of the BVP VII Funds. Deer Ltd. and Deer L.P. disclaim beneficial ownership of the securities held by the BVP VII Funds, and this report shall not be deemed an admission that Deer Ltd. and Deer L.P. are the beneficial owners of such securities, except to the extent of their pecuniary interest therein, if any, by virtue of their direct and indirect general partner interests in the BVP VII Funds.
- [F4]After the reported transaction, BVP VII, BVP VII Inst, and BVP VII SOF own 8,561,992 shares, 3,745,876 shares and 14,448,287 shares, respectively, of Class B Common Stock.
- [F5]On June 8, 2020, BVP VII, BVP VII Inst, and BVP VII SOF distributed, for no consideration, 1,902,665, 832,417, and 3,210,731 shares (collectively, the "Shares"), respectively, of Class A Common Stock to their limited partners and to Deer VII L.P., representing each such partner's pro rata interest in such Shares. On the same date, one or more of such limited partner(s) distributed, for no consideration, the Shares to certain of its or their members in an amount equal to each such member's or members' respective pro rata interests in the Shares. Finally, on the same date, Deer VII L.P. distributed, for no consideration, the Shares it received from the distributions to its partners in an amount equal to each such partner's pro rata interest in the Shares. All of the aforementioned distributions were made in accordance with the exemption afforded by Rules 16a-13 and 16a-9 of the Securities Exchange Act of 1934, as amended.
Documents
Issuer
PINTEREST, INC.
CIK 0001506293
Entity typeother
IncorporatedCayman Islands
Related Parties
1- filerCIK 0001540726
Filing Metadata
- Form type
- 4
- Filed
- Jun 9, 8:00 PM ET
- Accepted
- Jun 10, 8:55 PM ET
- Size
- 19.4 KB