David Sipes Form 4 RingCentral / David Sipes 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

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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).

1. Name and Address of Reporting Person^*

Sipes David

(Last) (First) (Middle)

C/O RINGCENTRAL, INC.

20 DAVIS DRIVE

(Street)

BELMONT CA 94002

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
RingCentral Inc [ RNG ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Chief Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
04/10/2019

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	04/10/2019		C(1)		1,500	A	$0.00	244,690	D
Class A Common Stock	04/10/2019		M		3,650	A	$15.77	248,340	D
Class A Common Stock	04/10/2019		M		1,500	A	$15.98	249,840	D
Class A Common Stock	04/10/2019		S(2)		4,279	D	$103.02(3)	245,561	D
Class A Common Stock	04/10/2019		S(2)		3,900	D	$103.82(4)	241,661	D
Class A Common Stock	04/10/2019		S(2)		100	D	$104.37	241,561	D

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)	$15.77	04/10/2019		M			3,650	(5)	02/27/2022	Class A Common Stock	3,650	$0.00	38,561	D
Stock Option (right to buy)	$15.98	04/10/2019		M			1,500	(6)	02/09/2023	Class A Common Stock	1,500	$0.00	125,348	D
Stock Option (right to buy)	$0.99	04/10/2019		M			1,500	(5)	11/12/2019	Class B Common Stock	1,500	$0.00	4,500	D
Class B Common Stock	(7)	04/10/2019		M		1,500		(7)	(7)	Class A Common Stock	1,500	$0.99	1,500	D
Class B Common Stock	(7)	04/10/2019		C(1)			1,500	(7)	(7)	Class A Common Stock	1,500	$0.00	0	D

Explanation of Responses:

1. Each Share of Class A Common Stock was issued upon conversion of one share of Class B Common Stock.

2. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 13, 2018.

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $102.37 to $103.35, inclusive. 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 ranges set forth in footnotes (3) and (4) to this Form 4.

4. The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $103.37 to $104.18, inclusive.

5. Options are fully vested and exercisable.

6. The options vest and become exercisable in 48 equal monthly installments that commenced on March 9, 2016.

7. Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of Class A Common Stock and has no expiration date. In addition, each share of Class B Common Stock held by a shareholder will convert automatically into one share of Class A Common Stock upon (i) any transfer of such share (subject to certain exceptions), or (ii) the occurrence of certain other specific instances, including the vote of the holders of the Class B Common Stock, as set forth in the issuer's Amended and Restated Certificate of Incorporation.

Remarks:

	/s/ Bruce P. Johnson, Attorney-in-fact for David Sipes	04/12/2019
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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