SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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*
Subotovsky Santiago

(Last) (First) (Middle)
160 BOVET ROAD, SUITE 300

(Street)
SAN MATEO CA 94402

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
04/17/2019
3. Issuer Name and Ticker or Trading Symbol
Zoom Video Communications, Inc. [ ZM ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Series A Convertible Preferred Stock (1) (1) Class B Common Stock(2) 4,000,000 $0.00(1) I See footnote(3)
Series A Convertible Preferred Stock (1) (1) Class B Common Stock(2) 324,744 $0.00(1) I See footnote(4)
Series A Convertible Preferred Stock (1) (1) Class B Common Stock(2) 98,896 $0.00(1) I See footnote(5)
Series C Convertible Preferred Stock (1) (1) Class B Common Stock(2) 22,908,848 $0.00(1) I See footnote(3)
Series D Convertible Preferred Stock (1) (1) Class B Common Stock(2) 2,850,724 $0.00(1) I See footnote(4)
Class B Common Stock (2) (2) Class A Common Stock 102,368 $0.00(2) I See footnote(4)
Class B Common Stock (2) (2) Class A Common Stock 115,271 $0.00(2) I See footnote(5)
Explanation of Responses:
1. Each share of Series A Preferred Stock, Series C Preferred Stock and Series D Preferred Stock will be automatically converted into one (1) share of Class B Common Stock immediately prior to the closing of the Issuer's initial public offering of Class A Common Stock (the "IPO"), and has no expiration date.
2. Each share of Class B Common Stock is convertible at the option of the Reporting Person into one share of Class A Common Stock. Following the closing of the IPO, each share of Class B Common Stock held by the Reporting Person will convert automatically into one share of Class A Common Stock upon (a) the death of the Reporting Person (if applicable), or (b) any transfer by the Reporting Person except certain "Permitted Transfers" described in the Issuer's certificate of incorporation. Following the closing of the IPO, all outstanding shares of Class B Common Stock will convert into shares of Class A Common Stock upon the earliest of (i) six months following the death or incapacity of Eric S. Yuan, (ii) six months following the date that Mr. Yuan ceases providing services to the Issuer, (iii) the date specified by the holders of a majority of the shares of Class B Common Stock, and (iv) the 15-year anniversary of the closing of the IPO.
3. Shares held directly by Emergence Capital Partners III, L.P. ("Emergence"). The sole general partner of Emergence is Emergence Equity Partners III, L.P. ("EEP III"), and the sole general partner of EEP III is Emergence GP Partners, LLC ("EGP"). The Reporting Person is a member of EEP III. The Reporting Person disclaims Section 16 beneficial ownership of the shares held by Emergence, except to the extent, if any, of his pecuniary interest therein, and this report shall not be deemed an admission that he is the beneficial owner of such shares for Section 16 or any other purpose.
4. Shares held directly by EZP Opportunity, L.P. ("EZP"). The sole general partner of EZP is EEP III. The Reporting Person disclaims Section 16 beneficial ownership of the shares held by EZP, except to the extent, if any, of his pecuniary interest therein, and this report shall not be deemed an admission that he is the beneficial owner of such shares for Section 16 or any other purpose.
5. Shares held directly by Red Porphyry, LLC ("Red Porphyry"). Red Porphyry is filing this report solely by virtue of having appointed Emergence as its proxy with respect to the shares held directly by Red Porphyry. Such proxy is irrevocable until the earliest to occur of the six-month anniversary of the IPO, the sale of all or substantially all assets of the Issuer, or certain mergers involving the Issuer. The Reporting Person disclaims Section 16 beneficial ownership of the shares held by Red Porphyry, except to the extent, if any, of his pecuniary interest therein, and this report shall not be deemed an admission that he is the beneficial owner of such shares for Section 16 or any other purpose.
Remarks:
Exhibit 24 - Power of Attorney
/s/ Aparna Bawa, Attorney-in-Fact 04/17/2019
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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