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Pure Storage, Inc. — Director's Dealing 2015
Oct 13, 2015
30180_dirs_2015-10-13_fa165273-8138-4075-9fe3-0b592a91e924.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Pure Storage, Inc. (PSTG)
CIK: 0001474432
Period of Report: 2015-10-13
Reporting Person: Greylock XIII GP LLC (10% Owner)
Reporting Person: Greylock XIII Limited Partnership (10% Owner)
Reporting Person: Greylock XIII-A Limited Partnership (10% Owner)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-10-13 | Series B Preferred Stock | $ | C | 16383768 | Disposed | Class B Common Stock (16383768) | Indirect | |
| 2015-10-13 | Series C Preferred Stock | $ | C | 2325304 | Disposed | Class B Common Stock (2325304) | Indirect | |
| 2015-10-13 | Series D Preferred Stock | $ | C | 1639614 | Disposed | Class B Common Stock (1639614) | Indirect | |
| 2015-10-13 | Series E Preferred Stock | $ | C | 2856376 | Disposed | Class B Common Stock (2856376) | Indirect | |
| 2015-10-13 | Series F Preferred Stock | $ | C | 1416867 | Disposed | Class B Common Stock (1416867) | Indirect | |
| 2015-10-13 | Series B Preferred Stock | $ | C | 1475028 | Disposed | Class B Common Stock (1475028) | Indirect | |
| 2015-10-13 | Series C Preferred Stock | $ | C | 209348 | Disposed | Class B Common Stock (209348) | Indirect | |
| 2015-10-13 | Series D Preferred Stock | $ | C | 147612 | Disposed | Class B Common Stock (147612) | Indirect | |
| 2015-10-13 | Series E Preferred Stock | $ | C | 257158 | Disposed | Class B Common Stock (257158) | Indirect | |
| 2015-10-13 | Series F Preferred Stock | $ | C | 127560 | Disposed | Class B Common Stock (127560) | Indirect | |
| 2015-10-13 | Class B Common Stock | $ | C | 24621929 | Acquired | Class A Common Stock (24621929) | Indirect | |
| 2015-10-13 | Class B Common Stock | $ | C | 2216706 | Acquired | Class A Common Stock (2216706) | Indirect |
Footnotes
F1: The preferred stock will automatically convert into Class B common stock on a 1-to-1 basis immediately upon closing of the initial public offering of the Issuer and has no expiration date.
F2: The shares are held directly by Greylock XIII Limited Partnership ("Greylock XIII LP"). Greylock XIII GP LLC ("Greylock XIII GP") is the general partner of Greylock XIII LP. As a result, Greylock XIII GP may be deemed to share voting and dispositive power with regard to the shares held directly by Greylock XIII LP. Greylock XIII GP disclaims beneficial ownership of the securities held by Greylock XIII LP except to the extent of any pecuniary interest therein and the inclusion of these securities in this report shall not be deemed an admission by Greylock XIII GP of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
F3: The shares are held directly by Greylock XIII-A Limited Partnership ("Greylock XIII-A LP"). Greylock XIII GP is the general partner of Greylock XIII-A LP. As a result, Greylock XIII GP may be deemed to share voting and dispositive power with regard to the shares held directly by Greylock XIII-A LP. Greylock XIII GP disclaims beneficial ownership of the securities held by Greylock XIII-A LP except to the extent of any pecuniary interest therein and the inclusion of these securities in this report shall not be deemed an admission by Greylock XIII GP of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
F4: Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock and has no expiration date. Upon the closing of the issuer's sale of its Class A Common Stock in its firm commitment underwritten initial public offering pursuant to a registration statement on Form S-1 (File No. 333-206312) under the Securities Act of 1933, as amended, the Class B Common Stock will convert automatically into Class A Common Stock on the same basis upon the earlier of: (i) any transfer, whether or not for value, except for certain "Permitted Transfers" as defined in the Issuer's restated certificate of incorporation in effect as of the date hereof, (ii) the affirmative vote of the holders of Class B Common Stock representing not less than a majority of the outstanding shares of Class B Common Stock, or (iii) October 6, 2025.