Statement of Changes in Beneficial Ownership (4)
July 06 2021 - 4:04PM
Edgar (US Regulatory)
FORM 4
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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3235-0287
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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
*
Yehoshua Tamar |
2. Issuer Name and Ticker or Trading Symbol
Slack Technologies, Inc.
[
WORK
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chief Product Officer |
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(Last)
(First)
(Middle)
C/O SLACK TECHNOLOGIES, INC., 500 HOWARD STREET |
3. Date of Earliest Transaction
(MM/DD/YYYY)
7/1/2021 |
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(Street)
SAN FRANCISCO, CA 94105
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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| Class A Common Stock | 7/1/2021 | | C | | 89246 | A | $0 (1) | 175573 | D | |
| Class A Common Stock | 7/1/2021 | | S(2) | | 47583 | D | $44.29 | 127990 | D | |
| Class A Common Stock | 7/1/2021 | | S(2) | | 1499 | D | $44.29 | 126491 | D | |
| Class A Common Stock | 7/2/2021 | | S(3) | | 42974 | D | $44.51 (4) | 83517 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code
(Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) | 8. Price of Derivative Security
(Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
| Restricted Stock Units | (5) | 7/1/2021 | | M | | | 89246 | (6) | 1/28/2026 | Class B Common Stock (1) | 89246.0 | $0 (5) | 535476 | D | |
| Class B Common Stock | (1) | 7/1/2021 | | M | | 89246 | | (1) | (1) | Class A Common Stock | 89246.0 | $0 (1) | 89246 | D | |
| Class B Common Stock | (1) | 7/1/2021 | | C | | | 89246 | (1) | (1) | Class A Common Stock | 89246.0 | $0 (1) | 0 | D | |
| Explanation of Responses: |
| (1) | 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. |
| (2) | Shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of Restricted Stock Units (RSUs). |
| (3) | This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person. |
| (4) | The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $44.33 to $44.64. 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. |
| (5) | Each RSU represents the right to receive one share of Class B Common Stock. |
| (6) | The RSUs are subject to time-based and performance-based vesting criteria. The time-based vesting occurs in 12 quarterly installments commencing on April 1, 2020 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 Class A Common Stock on June 20, 2019. |
Reporting Owners
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| Reporting Owner Name / Address | Relationships |
| Director | 10% Owner | Officer | Other |
Yehoshua Tamar
C/O SLACK TECHNOLOGIES, INC.
500 HOWARD STREET
SAN FRANCISCO, CA 94105 |
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| Chief Product Officer |
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Signatures
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| /s/ David Schellhase, as Attorney-in-Fact | | 7/6/2021 |
| **Signature of Reporting Person | Date |
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