Allen Shim - 21 Jul 2021 Form 4 Insider Report for Slack Technologies, Inc.

Role
Chief Financial Officer
Signature
/s/ David Schellhase, as Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
21 Jul 2021
Net transactions value
$0
Form type
4
Filing time
21 Jul 2021, 16:35:15 UTC
Previous filing
06 Jul 2021
Next filing
15 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WORK Class A Common Stock Disposition pursuant to a tender of shares in a change of control transaction -43,176 -100% 0 21 Jul 2021 By The Shim Park 2019 Irrevocable Trust F1
transaction WORK Class A Common Stock Disposition pursuant to a tender of shares in a change of control transaction -1,360,805 -100% 0 21 Jul 2021 By The Shim-Park Family Revocable Trust F1
transaction WORK Class A Common Stock Disposition pursuant to a tender of shares in a change of control transaction -151,468 -100% 0 21 Jul 2021 By LLC F1
transaction WORK Class A Common Stock Disposition pursuant to a tender of shares in a change of control transaction -234,894 -100% 0 21 Jul 2021 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction WORK Restricted Stock Units Disposed to Issuer $0 -127,969 -100% $0.000000* 0 21 Jul 2021 Class B Common Stock 127,969 Direct F3, F4, F5
transaction WORK Restricted Stock Units Disposed to Issuer $0 -96,250 -100% $0.000000* 0 21 Jul 2021 Class B Common Stock 96,250 Direct F3, F4, F5
transaction WORK Stock Option (Right to Buy) Disposed to Issuer $0 -172,605 -100% $0.000000* 0 21 Jul 2021 Class B Common Stock 172,605 $0.1400 Direct F6
transaction WORK Stock Option (Right to Buy) Disposed to Issuer $0 -78,000 -100% $0.000000* 0 21 Jul 2021 Class B Common Stock 78,000 $10.56 Direct F6
transaction WORK Stock Option (Right to Buy) Disposed to Issuer $0 -140,621 -100% $0.000000* 0 21 Jul 2021 Class A Common Stock 140,621 $24.31 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Allen Shim is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Pursuant to the Agreement and Plan of Merger, dated as of December 1, 2020 (the "Merger Agreement"), by and among salesforce.com, inc. ("Salesforce"), Skyline Strategies I Inc., Skyline Strategies II LLC, and the Issuer, each share of the Issuer's common stock was tendered in exchange for (i) 0.0776 shares of Salesforce common stock and (ii) $26.79 in cash, together with cash in lieu of any fractional shares of Salesforce common stock.
F2 Includes 42,161 shares of Class A common stock subject to restricted stock units ("RSUs") of the Issuer. Pursuant to the Merger Agreement, at the effective time of the merger (the "Effective Time"), each of the Issuer's RSUs were assumed and converted into an RSU with respect to a number of shares of Salesforce common stock (rounded down to the nearest whole share) determined by multiplying (i) the number of shares of common stock subject to the Issuer RSU immediately prior to the Effective Time by (ii) the "option/RSU conversion ratio" as defined in the definitive proxy statement filed by the Issuer with the SEC on January 29, 2021. The converted RSU will otherwise be subject to the same terms and conditions as were applicable to the Issuer RSU prior to the Effective Time.
F3 This RSU represents the right to receive shares of Class B common stock.
F4 Pursuant to the Merger Agreement, at the Effective Time, each of the Issuer's RSUs were assumed and converted into an RSU with respect to a number of shares of Salesforce common stock (rounded down to the nearest whole share) determined by multiplying (i) the number of shares of common stock subject to the Issuer RSU immediately prior to the Effective Time by (ii) the option/RSU conversion ratio. The converted RSU will otherwise be subject to the same terms and conditions as were applicable to the Issuer RSU prior to the Effective Time.
F5 Not applicable.
F6 Pursuant to the Merger Agreement, at the Effective Time, each outstanding option was assumed and converted into an option to purchase the number of shares of Salesforce common stock (rounded down to the nearest whole share) determined by multiplying (i) the number of shares of common stock subject to the Issuer option immediately prior to the Effective Time by (ii) the option/RSU conversion ratio, with an exercise price determined by dividing (i) the exercise price of the Issuer option immediately prior to the Effective Time by (ii) the option/RSU conversion ratio. The converted option will otherwise be subject to the same terms and conditions as were applicable to the Issuer option prior to the Effective Time.