Form Type: 4

SEC EDGAR Link
Acccession Number:0001764925-20-000354
Date:2020-05-01
Issuer: SLACK TECHNOLOGIES, INC. (WORK)
Original Submission Date:

Reporting Person:

SHIM ALLEN
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 2020-05-01 C 56,406 a $0.00 258,511 direct
CLASS A COMMON STOCK 2020-05-01 S 28,788 d $25.93 229,723 direct
CLASS A COMMON STOCK 2020-05-04 S 43,200 d $26.67 186,523 direct
CLASS A COMMON STOCK 2020-05-04 S 1,800 d $27.27 184,723 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 2020-05-01 deemed execution date M 42,656 (d) 2025-02-21 class b common stock 42,656 $0.00 298,594 direct
CLASS B COMMON STOCK 0.0 2020-05-01 deemed execution date M 42,656 (a) class a common stock 42,656 $0.00 282,656 direct
RESTRICTED STOCK UNITS 0.0 2020-05-01 deemed execution date M 13,750 (d) 2026-02-26 class b common stock 13,750 $0.00 151,250 direct
CLASS B COMMON STOCK 0.0 2020-05-01 deemed execution date M 13,750 (a) class a common stock 13,750 $0.00 296,406 direct
CLASS B COMMON STOCK 0.0 2020-05-01 deemed execution date C 56,406 (d) class a common stock 56,406 $0.00 283,692 direct
CLASS B COMMON STOCK 0.0 deemed execution date 0 ( ) class a common stock 1,529,105 $0.00 1,529,105 indirect by the shim-park family revocable trust
CLASS B COMMON STOCK 0.0 deemed execution date 0 ( ) class a common stock 76,308 $0.00 76,308 indirect by allen shim, trustee of the allen shim 2019 grantor retained annuity trust dated may 1, 2019
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 this transaction was effected pursuant to a rule 10b5-1 trading plan previously adopted by the reporting person.
f4 the price reported in column 4 is a weighted average price. these shares were sold in multiple transactions at prices ranging from $26.24 to $27.22. 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 $27.24 to $27.29. 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 each rsu represents the right to receive one share of class b common stock.
f7 the rsus are subject to time-based and performance-based vesting criteria. the time-based vesting occurs in 16 quarterly installments commencing on may 1, 2018, 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 of class a common stock on june 20, 2019.
f8 the rsus are subject to time-based and performance-based vesting criteria. the time-based vesting occurs in 16 equal quarterly installments commencing on may 1, 2019, subject to the reporting person's continued service with the issuer on each such date. the performance-based criteria was satisfied upon the listing and public trading of its of class a common stock on june 20, 2019.
f9 reflects 43,692 shares of class b common stock distributed by the allen shim 2019 grantor retained annuity trust dated may 1, 2019 to the reporting person on may 1, 2020, for no consideration, resulting in a change of form of beneficial ownership in accordance with the exemption afforded by rule 16a-13 of the securities exchange act of 1934, as amended.

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