Robert Frati - 21 Jul 2021 Form 4 Insider Report for Slack Technologies, Inc.

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
21 Jul 2021, 16:39:04 UTC
Prior SEC filing
06 Jul 2021
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ David Schellhase, as Attorney-in-Fact

Key filing fact

Robert Frati filed Form 4 for Slack Technologies, Inc. on 21 Jul 2021.

Key facts

  • This page summarizes Robert Frati's Form 4 filing for Slack Technologies, Inc..
  • 6 reported transactions and 5 derivative rows are listed below.
  • Accepted by SEC: 21 Jul 2021, 16:39.

Change

  • Previous filing in this sequence was filed on 06 Jul 2021.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

WORK transaction

Class A Common Stock

Disposition pursuant to a tender of shares in a change of control transaction

Transaction value
Shares
-311,483
Change %
-100%
Price
Shares after
0
Date
21 Jul 2021
Ownership
Direct
Footnotes
F1, F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

WORK transaction Derivative

Restricted Stock Units

Disposed to Issuer

Transaction value
$0
Shares
-7,500
Change %
-100%
Price
$0.000000*
Shares after
0
Date
21 Jul 2021
Ownership
Direct
Underlying class
Class B Common Stock
Underlying amount
7,500
Exercise price
Footnotes
F3, F4, F5
WORK transaction Derivative

Restricted Stock Units

Disposed to Issuer

Transaction value
$0
Shares
-20,500
Change %
-100%
Price
$0.000000*
Shares after
0
Date
21 Jul 2021
Ownership
Direct
Underlying class
Class B Common Stock
Underlying amount
20,500
Exercise price
Footnotes
F3, F4, F5
WORK transaction Derivative

Restricted Stock Units

Disposed to Issuer

Transaction value
$0
Shares
-109,375
Change %
-100%
Price
$0.000000*
Shares after
0
Date
21 Jul 2021
Ownership
Direct
Underlying class
Class B Common Stock
Underlying amount
109,375
Exercise price
Footnotes
F3, F4, F5
WORK transaction Derivative

Stock Option (Right to Buy)

Disposed to Issuer

Transaction value
$0
Shares
-114,000
Change %
-100%
Price
$0.000000*
Shares after
0
Date
21 Jul 2021
Ownership
Direct
Underlying class
Class B Common Stock
Underlying amount
114,000
Exercise price
$10.56
Footnotes
F6
WORK transaction Derivative

Stock Option (Right to Buy)

Disposed to Issuer

Transaction value
$0
Shares
-187,495
Change %
-100%
Price
$0.000000*
Shares after
0
Date
21 Jul 2021
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
187,495
Exercise price
$24.31
Footnotes
F6
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Robert Frati is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 6 footnotes

Footnote F1

Includes 56,215 shares of Class A common stock subject to restricted stock units ("RSUs") of the Issuer. Pursuant to the 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, 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.

Footnote F2

Pursuant to the Merger Agreement, 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.

Footnote F3

This RSU represents the right to receive shares of Class B common stock.

Footnote 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.

Footnote F5

Not applicable.

Footnote 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.

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