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Pure Storage, Inc. — Director's Dealing 2015
Oct 6, 2015
30180_dirs_2015-10-06_b56a8ab6-3ff9-4f5a-a093-81c10518a828.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: Pure Storage, Inc. (PSTG)
CIK: 0001474432
Period of Report: 2015-10-06
Reporting Person: Slootman Frank (Director)
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Series A Preferred Stock | $ | Class B Common Stock (120000) | Indirect | ||
| Series B Preferred Stock | $ | Class B Common Stock (56208) | Indirect | ||
| Stock Option (right to buy) | $1.50 | 2023-04-16 | Class B Common Stock (360000) | Direct | |
| Stock Option (right to buy) | $8.46 | 2024-05-20 | Class B Common Stock (160000) | Direct |
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: 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.
F3: Shares are held by Slootman Living Trust, dated September 8, 1999
F4: 1/36 of the Opton vests in equal monthly installments one month from 2/28/2013.
F5: 1/24 of the Opton vests in equal monthly installments one month from 3/28/2016.