Statement of Changes in Beneficial Ownership (4)

Date : 04/26/2019 @ 11:22AM
Source : Edgar (US Regulatory)
Stock : Pinterest Inc (PINS)
Quote : 34.5  -0.93 (-2.62%) @ 1:00AM
Pinterest share price Chart

Statement of Changes in Beneficial Ownership (4)

FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Bessemer Venture Partners VII L.P.
2. Issuer Name and Ticker or Trading Symbol

Pinterest, Inc. [ NYSE:PINS ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      __ X __ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

C/O BESSEMER VENTURE PARTNERS, 1865 PALMER AVENUE, SUITE 104
3. Date of Earliest Transaction (MM/DD/YYYY)

4/23/2019
(Street)

LARCHMONT, NY 10538
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

___ Form filed by One Reporting Person
_ X _ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   (1) (2) 4/23/2019     C    59458125   (1) (2) (3) (5) (10) A   (1) (2) 59458125   (1) (2) (3) (5) (10) I   See Footnotes   (1) (2) (10)
Common Stock   (1) (2) 4/23/2019     J    59458125   (1) (2) (3) (5) (10) D   (1) (2) 0   (1) (2) I   See Footnotes   (1) (2) (4)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Series A-2 Preferred Stock     (1) (2) 4/23/2019     C         52857688   (3)     (1) (2)   (1) (2) Common Stock   (1) (2) 52857688   (3) $0.00   0   I   See footnotes   (3) (4)
Series B Preferred Stock     (1) (2) 4/23/2019     C         2728921   (5)     (1) (2)   (1) (2) Common Stock   (1) (2) 2728921   (5) $0.00   0   I   See footnotes   (4) (5)
Series C Preferred Stock     (1) (2) 4/23/2019     C         2142639   (6)     (1) (2)   (1) (2) Common Stock   (1) (2) 2142639   (6) $0.00   0   I   See footnotes   (4) (6)
Series D Preferred Stock     (1) (2) 4/23/2019     C         1541910   (7)     (1) (2)   (1) (2) Common Stock   (1) (2) 1541910   (7) $0.00   0   I   See footnotes   (4) (7)
Series E Preferred Stock     (1) (2) 4/23/2019     C         114695   (8)     (1) (2)   (1) (2) Common Stock   (1) (2) 114695   (8) $0.00   0   I   See footnotes   (4) (8)
Series F Preferred Stock     (1) (2) 4/23/2019     C         49059   (9)     (1) (2)   (1) (2) Common Stock   (1) (2) 49059   (9) $0.00   0   I   See footnotes   (4) (9)
Series G Preferred Stock     (1) (2) 4/23/2019     C         23213   (10)     (1) (2)   (1) (2) Common Stock   (1) (2) 23213   (10) $0.00   0   I   See footnotes   (4) (10)
Class B Common Stock     (1) (2) 4/23/2019     C   (1) (2)    59458125   (11)        (1) (2)   (1) (2) Class A Common Stock   59458125   (11) $0.00   59458125   (11) I   See footnotes   (4) (11)

Explanation of Responses:
(1)  On April 23, 2019 prior to the closing of the initial public offering (the "IPO") by Pinterest, Inc. (the "Company"), each share of preferred stock automatically converted into one share of common stock of the Company pursuant to the Sixteenth Amended and Restated Certificate of Incorporation of the Company. Immediately thereafter, but still prior to the closing of the Company's IPO, the Company filed an Amended and Restated Certificate of Incorporation (the "Charter") with the Secretary of State of the State of Delaware, pursuant to which each share of common stock was automatically reclassified into one share of Class B common stock, par value $0.00001, of the Company ("Class B Common Stock") in an exempt transaction pursuant to Rules 16b-6 and 16b-7. As set forth in the Charter, each share of Class B Common Stock is convertible at any time at the option of the holder into one share of the Company's Class A common stock, par value $0.00001, of the Company ("Class A Common Stock").
(2)  (Continued from footnote 1) Additionally, each share of Class B Common Stock will, subject to certain exceptions, convert automatically into one share of Class A Common Stock upon any transfer. Following the closing of the IPO, all outstanding shares of Class B Common Stock will convert into shares of Class A Common Stock upon the earlier of (i) (a) 90 days after the death or disability of Benjamin Silbermann and (b) up to 540 days after the death or disability of Benjamin Silbermann (as may be approved by a majority of the independent directors of the Company) and (ii) the seven year anniversary of the closing of the IPO (except with respect to any stockholders who continue to hold at least 50% of the originally issued shares of Class B Common Stock held by such stockholder as of the closing of the IPO).
(3)  Prior to the conversion, Bessemer Venture Partners VII Institutional L.P. ("BVP VII Inst") held 7,400,114 shares, Bessemer Venture Partners VII L.P. ("BVP VII") held 16,914,503 shares, and BVP VII Special Opportunity Fund L.P. ("BVP VII SOF," together with BVP VII Inst and BVP VII referred to collectively, the "Funds") held 28,543,071 shares, of Series A-2 Preferred Stock.
(4)  Deer VII & Co. Ltd. ("Deer Ltd.") is the general partner of Deer VII & Co. L.P. ("Deer L.P."), which is the general partner of the Funds. Deer Ltd. and Deer L.P. disclaim beneficial ownership of the securities held by the Funds, and this report shall not be deemed an admission that Deer Ltd. and Deer L.P. are the beneficial owners of such securities, except to the extent of their pecuniary interest therein, if any, by virtue of their direct and indirect general partner interests in the Funds.
(5)  Prior to the conversion, BVP VII Inst, BVP VII, and BVP VII SOF held 382,050 shares, 873,257 shares and 1,473,614 shares, respectively, of Series B Preferred Stock.
(6)  Prior to the conversion, BVP VII Inst, BVP VII, and BVP VII SOF held 299,964 shares, 685,650 shares and 1,157,025 shares, respectively, of Series C Preferred Stock.
(7)  Prior to the conversion, BVP VII Inst, BVP VII, and BVP VII SOF held 215,867 shares, 493,411 shares and 832,632 shares, respectively, of Series D Preferred Stock.
(8)  Prior to the conversion, BVP VII Inst, BVP VII, and BVP VII SOF held 16,057 shares, 36,702 shares and 61,936 shares, respectively, of Series E Preferred Stock.
(9)  Prior to the conversion, BVP VII Inst, BVP VII, and BVP VII SOF held 6,867 shares, 15,700 shares and 26,492 shares, respectively, of Series F Preferred Stock.
(10)  Prior to the conversion, BVP VII Inst, BVP VII, and BVP VII SOF held 3,250 shares, 7,427 shares and 12,536 shares, respectively, of Series G Preferred Stock.
(11)  As of the date hereof, BVP VII Inst, BVP VII, and BVP VII SOF own 8,324,169 shares, 19,026,650 shares and 32,107,306 shares, respectively, of Class B Common Stock.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Bessemer Venture Partners VII L.P.
C/O BESSEMER VENTURE PARTNERS
1865 PALMER AVENUE, SUITE 104
LARCHMONT, NY 10538

X

Bessemer Venture Partners VII Institutional L.P.
C/O BESSEMER VENTURE PARTNERS
1865 PALMER AVENUE, SUITE 104
LARCHMONT, NY 10538

X

BVP VII SPECIAL OPPORTUNITY FUND LP
C/O BESSEMER VENTURE PARTNERS
1865 PALMER AVENUE, SUITE 104
LARCHMONT, NY 10538

X

Deer VII & Co. L.P.
C/O BESSEMER VENTURE PARTNERS
1865 PALMER AVENUE, SUITE 104
LARCHMONT, NY 10538

X

Deer VII & Co. Ltd.
C/O BESSEMER VENTURE PARTNERS
1865 PALMER AVENUE, SUITE 104
LARCHMONT, NY 10538

X


Signatures
/s/ Scott Ring, General Counsel, Deer VII & Co. Ltd., the General Partner of Deer VII & Co. L.P., the General Partner of Bessemer Venture Partners VII L.P. 4/25/2019
** Signature of Reporting Person Date

/s/ Scott Ring, General Counsel, Deer VII & Co. Ltd., the General Partner of Deer VII & Co. L.P., the General Partner of Bessemer Venture Partners VII Institutional L.P. 4/25/2019
** Signature of Reporting Person Date

/s/ Scott Ring, General Counsel, Deer VII & Co. Ltd., the General Partner of Deer VII & Co. L.P., the General Partner of BVP VII Special Opportunity Fund L.P. 4/25/2019
** Signature of Reporting Person Date

/s/ Scott Ring, General Counsel, Deer VII & Co. Ltd., the General Partner of Deer VII & Co. L.P. 4/25/2019
** Signature of Reporting Person Date

/s/ Scott Ring, General Counsel, Deer VII & Co. Ltd. 4/25/2019
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

Pinterest (NYSE:PINS)
Historical Stock Chart

1 Year : From Aug 2018 to Aug 2019

Click Here for more Pinterest Charts.

Pinterest (NYSE:PINS)
Intraday Stock Chart

Today : Sunday 25 August 2019

Click Here for more Pinterest Charts.

Latest PINS Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:us D:20190825 09:31:55