Form Type: 4

SEC EDGAR Link
Accession Number:0001628280-19-008298
Date:2019-06-20
Issuer: SLACK TECHNOLOGIES, INC. (WORK)
Original Submission Date:

Reporting Person:

BUTTERFIELD STEWART
C/O SLACK TECHNOLOGIES, INC.
500 HOWARD STREET SAN FRANCISCO,, CA 94105

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
CLASS A COMMON STOCK 2019-06-20 C 498,409 a $0.00 1,398,409 direct
CLASS A COMMON STOCK 2019-06-20 S 498,409 d $38.61 900,000 direct
CLASS A COMMON STOCK 2019-06-20 S 270,000 d $38.50 630,000 direct
CLASS A COMMON STOCK 2019-06-20 S 370,000 d $40.00 260,000 direct
CLASS A COMMON STOCK 2019-06-20 S 120,000 d $38.61 140,000 direct
CLASS A COMMON STOCK 2019-06-20 S 35,585 d $38.85 104,415 direct
CLASS A COMMON STOCK 2019-06-20 S 19,669 d $39.90 84,746 direct
CLASS A COMMON STOCK 2019-06-20 S 29,557 d $40.89 55,189 direct
CLASS A COMMON STOCK 2019-06-20 S 15,189 d $41.66 40,000 direct
CLASS A COMMON STOCK 2019-06-20 J 217 a $0.00 40,217 direct
CLASS A COMMON STOCK 2019-06-21 S 1,500 d $37.16 38,717 direct
CLASS A COMMON STOCK 2019-06-21 S 800 d $37.92 37,917 direct
CLASS A COMMON STOCK 2019-06-21 S 200 d $39.18 37,717 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
RESTRICTED STOCK UNITS 0.0 2019-06-20 deemed execution date M 915,204 (d) 2023-06-08 class b common stock 915,204 $0.00 2,135,476 direct
CLASS B COMMON STOCK 0.0 2019-06-20 deemed execution date M 915,204 (a) class a common stock 915,204 $0.00 41,635,141 direct
CLASS B COMMON STOCK 0.0 2019-06-20 deemed execution date C 498,409 (d) class a common stock 498,409 $0.00 41,136,732 direct
Footnotes
IDfootnote
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 shares sold by the reporting person to cover tax withholding obligations in connection with the vesting of restricted stock units (rsus).
f3 the price reported in column 4 is a weighted average price. these shares were sold in multiple transactions at prices ranging from $38.50 to $38.99. 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 range set forth in this footnote.
f4 the price reported in column 4 is a weighted average price. these shares were sold in multiple transactions at prices ranging from $38.33 to $39.31. 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 range set forth in this footnote.
f5 the price reported in column 4 is a weighted average price. these shares were sold in multiple transactions at prices ranging from $39.34 to $40.32. 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 range set forth in this footnote.
f6 the price reported in column 4 is a weighted average price. these shares were sold in multiple transactions at prices ranging from $40.34 to $41.33. 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 range set forth in this footnote.
f7 the price reported in column 4 is a weighted average price. these shares were sold in multiple transactions at prices ranging from $41.34 to $41.99. 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 range set forth in this footnote.
f8 represents shares received by the reporting person pursuant to a distribution by ah parallel fund iv, l.p., for itself and as nominee for ah parallel fund iv-a, l.p., ah parallel fund iv-b, l.p., and ah parallel fund iv-q, l.p., for no consideration, of shares of class a common stock of the issuer to its partners. the aforementioned distribution was made in accordance with the exemptions afforded by rules 16a-13 and 16a-9 of the securities exchange act of 1934, as amended.
f9 the price reported in column 4 is a weighted average price. these shares were sold in multiple transactions at prices ranging from $36.63 to $37.54. 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 range set forth in this footnote.
f10 the price reported in column 4 is a weighted average price. these shares were sold in multiple transactions at prices ranging from $37.64 to $38.54. 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 range set forth in this footnote.
f11 the price reported in column 4 is a weighted average price. these shares were sold in multiple transactions at prices ranging from $38.97 to $39.38. 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 range set forth in this footnote.
f12 each rsu represents the right to receive one share of class b common stock.
f13 the rsus are subject to time-based and performance-based vesting criteria. the time-based vesting occurred with respect to 130,743 of the units on october 1, 2017; and the remaining units vested at a rate of 4.286% of the total rsu grant per quarter thereafter until june 20, 2019, at which point the remaining unvested units began vesting at a rate of 7.5% of the total rsu grant per quarter, subject, in each case, 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.
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