SEC Form 3
| FORM 3 | UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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*
(Street)
| 2. Date of Event Requiring Statement (Month/Day/Year) 06/07/2019 | 3. Issuer Name and Ticker or Trading Symbol Slack Technologies, Inc. [ WORK ] | |||||||||||||
| 4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
| 5. If Amendment, Date of Original Filed (Month/Day/Year) | ||||||||||||||
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Beneficially Owned | |||
|---|---|---|---|
| 1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
| Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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| 1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
| Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
| Class B Common Stock | (1) | (1) | Class A Common Stock | 1,513,749 | (1) | I | By The Shim-Park Family Revocable Trust |
| Class B Common Stock | (1) | (1) | Class A Common Stock | 115,356(2) | (1) | I | By The Shim-Park Family Revocable Trust |
| Class B Common Stock | (1) | (1) | Class A Common Stock | 120,000 | (1) | I | By Allen Shim, trustee of the Allen Shim 2019 Grantor Retained Annuity Trust dated May 1, 2019 |
| Class B Common Stock | (1) | (1) | Class A Common Stock | 240,000 | (1) | D | |
| Restricted Stock Units | (3) | 04/06/2023 | Class B Common Stock(1) | 122,026 | (4) | D | |
| Restricted Stock Units | (5) | 05/10/2024 | Class B Common Stock(1) | 150,000 | (4) | D | |
| Stock Option (Right to Buy) | (6) | 05/21/2024 | Class B Common Stock(1) | 348,605 | 0.14 | D | |
| Restricted Stock Units | (7) | 02/21/2025 | Class B Common Stock(1) | 682,500 | (4) | D | |
| Restricted Stock Units | (8) | 02/26/2026 | Class B Common Stock(1) | 220,000 | (4) | D | |
| Stock Option (Right to Buy) | (9) | 02/26/2029 | Class B Common Stock(1) | 78,000 | 10.56 | D | |
| Explanation of Responses: |
| 1. Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the Reporting Person and has no expiration date. |
| 2. The shares of Class B Common Stock are subject to the Issuers right of repurchase, which lapses in 48 monthly installments commencing on March 1, 2016, subject to the Reporting Persons continued service with the Issuer through each vesting date. |
| 3. The Restricted Stock Units (RSUs) are subject to time-based and performance-based vesting criteria. The time-based vesting occurs in 16 quarterly installments commencing on July 1, 2016 subject to the Reporting Persons continuous service to the Issuer on each such date, and the performance-based criteria will be satisfied upon the listing and public trading of its of Class A Common Stock. |
| 4. Each RSU represents the right to receive one share of Class B Common Stock. |
| 5. The Restricted Stock Units (RSUs) are subject to time-based and performance-based vesting criteria. The time-based vesting occurs in 16 quarterly installments commencing on July 1, 2017, subject to the Reporting Person's continued service with the Issuer on each such date, and the performance-based criteria will be satisfied upon the Issuers listing and public trading of its Class A Common Stock. |
| 6. The stock option vested and became exercisable in 33 monthly installments commencing on July 24, 2015, subject to the Reporting Person's continued service with the Issuer on each such date. |
| 7. 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, and the performance-based criteria will be satisfied upon the listing and public trading of its of Class A Common Stock. |
| 8. 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, and the performance-based criteria will be satisfied upon the listing and public trading of its of Class A Common Stock. |
| 9. The stock option vests and becomes exercisable in 24 equal quarterly installments commencing on May 1, 2019, subject to the Reporting Person's continued service with the Issuer on each such date. |
| Remarks: |
| Exhibit 24.1 Power of Attorney |
| /s/ David Schellhase, as Attorney-in-Fact | 06/07/2019 | |
| ** 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 5 (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. | ||