Edith W. Cooper - Jul 21, 2021 Form 4 Insider Report for Slack Technologies, Inc. (WORK)

Role
Director
Signature
/s/ David Schellhase, as Attorney-in-Fact
Stock symbol
WORK
Transactions as of
Jul 21, 2021
Transactions value $
$0
Form type
4
Date filed
7/21/2021, 04:37 PM
Previous filing
Jul 6, 2021
Next filing
Sep 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WORK Class A Common Stock Conversion of derivative security +34.2K +13.94% 279K Jul 21, 2021 Direct F1
transaction WORK Class A Common Stock Disposition pursuant to a tender of shares in a change of control transaction -279K -100% 0 Jul 21, 2021 Direct 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 Options Exercise $0 -34.2K -100% $0.00* 0 Jul 21, 2021 Class B Common Stock 34.2K Direct F3, F4, F5
transaction WORK Class B Common Stock Options Exercise $0 +34.2K $0.00 34.2K Jul 21, 2021 Class A Common Stock 34.2K Direct F1
transaction WORK Class B Common Stock Conversion of derivative security $0 -34.2K -100% $0.00* 0 Jul 21, 2021 Class A Common Stock 34.2K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Edith W. Cooper is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Upon consummation of the exchange offer (as described below), each share of tendered Class B common stock, par value $0.0001 per share, converted on a one-to-one basis into Class A common stock, par value $0.0001 per share.
F2 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.
F3 This restricted stock unit ("RSU") represents the right to receive shares of Class B common stock.
F4 In connection with the transactions contemplated by the Merger Agreement, the Reporting Person's RSUs were accelerated and became fully vested upon the effective time of the merger.
F5 Not applicable.