Solvik Peter Form 4 DOCUSIGN / Peter Solvik 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^*

Solvik Peter

(Last) (First) (Middle)

C/O SIGMA PARTNERS

2105 S. BASCOM AVE., SUITE 370

(Street)

CAMPBELL CA 95008

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
DOCUSIGN, INC. [ DOCU ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
01/03/2020

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
Common Stock	01/03/2020		J		1,817,812(1)	D	$0.00	0	I	See footnote (1)
Common Stock	01/03/2020		J		397,426(2)	A	$0.00	397,426	I	By Sigma Management 7, L.L.C.
Common Stock	01/03/2020		J		397,426(3)	D	$0.00	0	I	By Sigma Management 7, L.L.C.
Common Stock	01/03/2020		J		57,230(4)	A	$0.00	176,721	I	By Family Partnership
Common Stock	01/03/2020		S		17,061	D	$75.1207(5)	177,833	I	By Trust
Common Stock	01/03/2020		S		12,939	D	$75.5827(6)	164,894	I	By Trust
Common Stock	01/03/2020		S		13,690	D	$74.84(7)	48,910	I	By Childrens' Trusts
Common Stock								7,561	D
Common Stock								6,458	I	By Spouse

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

Explanation of Responses:

1. Represents pro-rata in-kind distributions without consideration as follows: (a) 1,687,973 shares of common stock distributed by Sigma Partners 7, L.P. to its partners, (b) 109,352 shares of common stock distributed by Sigma Associates 7, L.P. to its partners, and (c) 20,487 shares of common stock distributed by Sigma Investors 7, L.P. to its partners.

2. Represents 397,426 shares of common stock received by Sigma Management 7, L.L.C. through pro-rata in-kind distributions without consideration as follows: (a) 394,691 shares received from Sigma Partners 7, L.P., and (b) 2,735 shares received from Sigma Investors 7, L.P. Sigma Management 7, L.L.C. has sole voting and investment power over these shares. Robert Davoli, Fahri Diner, Lawrence G. Finch, Gregory Gretsch, John Mandile, Peter Solvik, Robert Spinner and Wade Woodson, as managing members of Sigma Management 7, L.L.C., share this power.

3. Represents a pro-rata in-kind distribution of 397,426 shares of common stock by Sigma Management 7, L.L.C. to its members.

4. Represents 57,230 shares of common stock received by Solvik Family Partners L.P. Fund 2 through pro-rata in-kind distributions without consideration as follows: (a) 3,069 shares received from Sigma Partners 7, L.P., (b) 43,716 shares received from Sigma Management 7, L.L.C., and (c) 10,445 shares received from Sigma Associates 7, L.P.

5. Represents the weighted average sale price. The lowest price at which shares were sold was $74.44 and the highest price at which shares were sold was $75.43. The reporting person undertakes to provide upon request to the staff of the Securities Exchange Commission, the issuer or its stockholders, full information regarding the total number of shares sold at each separate price within the ranges set forth in footnotes (5), (6) and (7) to this Form 4.

6. Represents the weighted average sale price. The lowest price at which shares were sold was $75.44 and the highest price at which shares were sold was $75.78.

7. Represents the weighted average sale price. The lowest price at which shares were sold was $74.32 and the highest price at which shares were sold was $75.25.

Remarks:

	/s/ Peter Solvik, by Apple Palarca, Attorney-in-Fact	01/07/2020
	** 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).
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