Accession Number: | 0001567619-19-023292 |
Date: | 2019-12-13 |
Issuer: | UPWORK INC. (UPWK) |
Original Submission Date: |
KASRIEL STEPHANE
C/O UPWORK INC.
2625 AUGUSTINE DRIVE, SUITE 601
SANTA CLARA, CA 95054
Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature of Indirect Ownership |
---|---|---|---|---|---|---|---|---|---|
COMMON STOCK | 2019-12-13 | M | 76,386 | a | $2.76 | 281,567 | direct | ||
COMMON STOCK | 2019-12-17 | M | 60,000 | a | $3.04 | 341,567 | direct | ||
COMMON STOCK | 2019-12-17 | S | 60,000 | d | $10.57 | 281,567 | direct | ||
COMMON STOCK | 2019-12-13 | 0 | $0.00 | 18,152 f3 | direct |
Title of Derivative Security | Conversion or Exercise Price of Derivative Security | Transaction Date | Deemed Execution Date | Transaction Code | Number of Derivative Securities Acquired (A) or Disposed of (D) | Date Exercisable | Expiration Date | Title and Amount of Securities Underlying Derivative Security | Price of Derivative Security | Number of derivative Securities Beneficially Owned Following Reported Transaction(s) | Ownership Form: Direct (D) or Indirect (I) | Nature of Indirect Beneficial Ownership |
---|---|---|---|---|---|---|---|---|---|---|---|---|
EMPLOYEE STOCK OPTION (RIGHT TO BUY) | 2.76 | 2019-12-13 | deemed execution date | M | 76,386 (d) | 2024-04-06 | common stock 76,386 | $2.76 | 73,779 | direct | ||
EMPLOYEE STOCK OPTION (RIGHT TO BUY) | 3.04 | 2019-12-17 | deemed execution date | M | 60,000 (d) | 2022-06-24 | common stock 60,000 | $3.04 | 277,289 | direct |
ID | footnote |
---|---|
f1 | the transactions reported on this form 4 were effected pursuant to a rule 10b5-1 trading plan previously adopted by the reporting person. |
f2 | the reported price in column 4 is a weighted average price. these shares were sold in multiple transactions at prices ranging from $10.39 to $10.675 per share, inclusive. the reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the securities and exchange commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. |
f3 | held directly by the reporting person as custodian for his children. |
f4 | the stock option is fully vested and immediately exercisable. |