Zuora (ZUO) Form 4 ZUORA / Jennifer Pileggi ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:	3235-0287
Estimated average burden
hours per response:	0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Pileggi Jennifer

(Last) (First) (Middle)

C/O ZUORA, INC.

101 REDWOOD SHORES PARKWAY

(Street)

REDWOOD CITY CA 94065

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ZUORA INC [ ZUO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
SVP, GC and Corp. Secretary

3. Date of Earliest Transaction (Month/Day/Year)
12/06/2021

4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	12/06/2021		M		3,646	A	$0	18,626	D
Class A Common Stock	12/06/2021		M		4,167	A	$11.53	22,793	D
Class A Common Stock	12/06/2021		S(1)		16,896	D	$18.7119(2)	5,897	D
Class A Common Stock	12/07/2021		S(1)		5,897	D	$20	0	D
Class A Common Stock	12/08/2021		M		1,823	A	$0	1,823	D
Class A Common Stock	12/08/2021		M		2,083	A	$11.53	3,906	D
Class A Common Stock	12/08/2021		S(1)		3,906	D	$20.134(3)	0	D
Class A Common Stock								50,000	I	By The Bradley and Jennifer Pileggi Trust(4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction 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 (Month/Day/Year)		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: 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
Stock Option (Right to buy Class B Common Stock)	$7.94	12/06/2021		M(1)			3,646	(5)	03/08/2028	Class B Common Stock	3,646	$0	19,885	D
Class B Common Stock	$0.0(6)	12/06/2021		M(1)		3,646		(6)	(6)	Class A Common Stock	3,646	$0	3,646	D
Class B Common Stock	$0.0(6)	12/06/2021		C			3,646	(6)	(6)	Class A Common Stock	3,646	$0	0	D
Stock Option (Right to buy Class A Common Stock)	$11.53	12/06/2021		M(1)			4,167	(7)	05/11/2030	Class A Common Stock	4,167	$0	60,417	D
Stock Option (Right to buy Class B Common Stock)	$7.94	12/08/2021		M(1)			1,823	(5)	03/08/2028	Class B Common Stock	1,823	$0	18,062	D
Class B Common Stock	$0.0(6)	12/08/2021		M(1)		1,823		(6)	(6)	Class A Common Stock	1,823	$0	1,823	D
Class B Common Stock	$0.0(6)	12/08/2021		C			1,823	(6)	(6)	Class A Common Stock	1,823	$0	0	D
Stock Option (Right to buy Class A Common Stock)	$11.53	12/08/2021		M(1)			2,083	(7)	05/11/2030	Class A Common Stock	2,083	$0	58,334	D

Explanation of Responses:

1. This transaction was effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person.

2. Represents the weighted average sale price. The lowest price at which shares were sold was $18.37 and the highest price at which shares were sold was $19.09. The Reporting Person undertakes to provide upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer or its stockholders, full information regarding the total number of shares sold at each separate price within the range set forth in this footnote.

3. Represents the weighted average sale price. The lowest price at which shares were sold was $19.64 and the highest price at which shares were sold was $20.39. The Reporting Person undertakes to provide upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer or its stockholders, full information regarding the total number of shares sold at each separate price within the range set forth in this footnote.

4. The securities are held of record by The Bradley and Jennifer Pileggi Trust, of which the Reporting Person is a trustee.

5. The option vests over four years, with 1/48 of the shares vesting on March 8, 2018 and the remaining shares vesting as to 1/48 of the award monthly thereafter, so long as the Reporting Person continues to provide services to the Issuer through each vesting date.

6. Each share of the issuer's Class B Common Stock will convert into 1 share of the issuer's Class A Common Stock (a) at the option of the holder and (b) automatically upon (i) any transfer, except for certain permitted transfers, and (ii) the date that is the earliest of (x) the date specified by a vote of the holders of not less than 66 2/3% of the outstanding shares of Class B Common Stock, (y) ten years from the effective date of the issuer's initial public offering and (z) the date that the total number of shares of outstanding Class B Common Stock ceases to represent at least 5% of all outstanding shares of the issuer's common stock, and has no expiration date.

7. The option vests over four years, with 1/48 of the shares vesting on May 1, 2020 and the remaining shares vesting as to 1/48 of the award monthly thereafter, so long as the Reporting Person continues to provide services to the Issuer through each vesting date.

Remarks:

	/s/ Jennifer Pileggi	12/08/2021
	** 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 4 (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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.