GLOBESPAN MANAGEMENT ASSOCIATES IV, LLC reported 15 transactions at UPWORK, INC

Review the transaction codes below to understand the nature of each event.

GLOBESPAN MANAGEMENT ASSOCIATES IV, LLC

Filed: 10/5/2018ACC: 0001012975-18-001095

InsiderGLOBESPAN MANAGEMENT ASSOCIATES IV, LLCCIK 1754247

→

IssuerUPWORK, INCCIK 1627475

10% Owner

Since Oct 2018

0.00

Net shares

Net seller

$0.00

Total acquired

Open market trades

0B · 0S

Total transactions

12.55M acquired · 12.55M disposed

Non-Derivative Transactions15

Common Stock

Indirect

C · Conversion

+787.89K

Price / share

—

Trade value

—

% of position

3815.6%

10/5/2018

20.65K→808.54K

Common Stock

Indirect

C · Conversion

+54.17K

Price / share

—

Trade value

—

% of position

3817.3%

10/5/2018

1.42K→55.59K

Common Stock

Indirect

C · Conversion

+48.79K

Price / share

—

Trade value

—

% of position

3817.6%

10/5/2018

1.28K→50.07K

Common Stock

Indirect

C · Conversion

+21.47K

Price / share

—

Trade value

—

% of position

3819.8%

10/5/2018

562.00→22.03K

Common Stock

Indirect

C · Conversion

+14.87K

Price / share

—

Trade value

—

% of position

3821.6%

10/5/2018

389.00→15.26K

Common Stock

Indirect

C · Conversion

+9.80M

Price / share

—

Trade value

—

% of position

1212.1%

10/5/2018

808.54K→10.61M

Common Stock

Indirect

C · Conversion

+673.76K

Price / share

—

Trade value

—

% of position

1212.1%

10/5/2018

55.59K→729.34K

Common Stock

Indirect

C · Conversion

+606.87K

Price / share

—

Trade value

—

% of position

1212.1%

10/5/2018

50.07K→656.93K

Common Stock

Indirect

C · Conversion

+267.02K

Price / share

—

Trade value

—

% of position

1212.1%

10/5/2018

22.03K→289.05K

Common Stock

Indirect

C · Conversion

+184.92K

Price / share

—

Trade value

—

% of position

1212.2%

10/5/2018

15.26K→200.17K

Common Stock

Indirect

C · Conversion

+77.04K

Price / share

—

Trade value

—

% of position

0.7%

10/5/2018

10.61M→10.69M

Common Stock

Indirect

C · Conversion

+3.74K

Price / share

—

Trade value

—

% of position

0.5%

10/5/2018

729.34K→733.08K

Common Stock

Indirect

C · Conversion

+3.35K

Price / share

—

Trade value

—

% of position

0.5%

10/5/2018

656.93K→660.29K

Common Stock

Indirect

C · Conversion

+2.03K

Price / share

—

Trade value

—

% of position

0.7%

10/5/2018

289.05K→291.08K

Common Stock

Indirect

C · Conversion

+1.40K

Price / share

—

Trade value

—

% of position

0.7%

10/5/2018

200.17K→201.58K

Total

Net shares

+12.55M

Net value

$0.00

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Indirect	10/5/2018	C · Conversion	+787.89K	—	—	3815.6%	20.65K	808.54K
Common Stock Indirect	10/5/2018	C · Conversion	+54.17K	—	—	3817.3%	1.42K	55.59K
Common Stock Indirect	10/5/2018	C · Conversion	+48.79K	—	—	3817.6%	1.28K	50.07K
Common Stock Indirect	10/5/2018	C · Conversion	+21.47K	—	—	3819.8%	562.00	22.03K
Common Stock Indirect	10/5/2018	C · Conversion	+14.87K	—	—	3821.6%	389.00	15.26K
Common Stock Indirect	10/5/2018	C · Conversion	+9.80M	—	—	1212.1%	808.54K	10.61M
Common Stock Indirect	10/5/2018	C · Conversion	+673.76K	—	—	1212.1%	55.59K	729.34K
Common Stock Indirect	10/5/2018	C · Conversion	+606.87K	—	—	1212.1%	50.07K	656.93K
Common Stock Indirect	10/5/2018	C · Conversion	+267.02K	—	—	1212.1%	22.03K	289.05K
Common Stock Indirect	10/5/2018	C · Conversion	+184.92K	—	—	1212.2%	15.26K	200.17K
Common Stock Indirect	10/5/2018	C · Conversion	+77.04K	—	—	0.7%	10.61M	10.69M
Common Stock Indirect	10/5/2018	C · Conversion	+3.74K	—	—	0.5%	729.34K	733.08K
Common Stock Indirect	10/5/2018	C · Conversion	+3.35K	—	—	0.5%	656.93K	660.29K
Common Stock Indirect	10/5/2018	C · Conversion	+2.03K	—	—	0.7%	289.05K	291.08K
Common Stock Indirect	10/5/2018	C · Conversion	+1.40K	—	—	0.7%	200.17K	201.58K
Total			+12.55M		$0.00

Derivative Transactions15

Series A-1 Convertible Preferred Stock

Indirect

C · Conversion

Converts to

Common Stock

787.89K shares

−787.89K

Strike price

Held after

0.00

Exercisable

—

10/5/2018

Series A-1 Convertible Preferred Stock

Indirect

C · Conversion

Converts to

Common Stock

54.17K shares

−54.17K

Strike price

Held after

0.00

Exercisable

—

10/5/2018

Series A-1 Convertible Preferred Stock

Indirect

C · Conversion

Converts to

Common Stock

48.79K shares

−48.79K

Strike price

Held after

0.00

Exercisable

—

10/5/2018

Series A-1 Convertible Preferred Stock

Indirect

C · Conversion

Converts to

Common Stock

21.47K shares

−21.47K

Strike price

Held after

0.00

Exercisable

—

10/5/2018

Series A-1 Convertible Preferred Stock

Indirect

C · Conversion

Converts to

Common Stock

14.87K shares

−14.87K

Strike price

Held after

0.00

Exercisable

—

10/5/2018

Series A-2 Convertible Preferred Stock

Indirect

C · Conversion

Converts to

Common Stock

9.80M shares

−9.80M

Strike price

Held after

0.00

Exercisable

—

10/5/2018

Series A-2 Convertible Preferred Stock

Indirect

C · Conversion

Converts to

Common Stock

673.76K shares

−673.76K

Strike price

Held after

0.00

Exercisable

—

10/5/2018

Series A-2 Convertible Preferred Stock

Indirect

C · Conversion

Converts to

Common Stock

606.87K shares

−606.87K

Strike price

Held after

0.00

Exercisable

—

10/5/2018

Series A-2 Convertible Preferred Stock

Indirect

C · Conversion

Converts to

Common Stock

267.02K shares

−267.02K

Strike price

Held after

0.00

Exercisable

—

10/5/2018

Series A-2 Convertible Preferred Stock

Indirect

C · Conversion

Converts to

Common Stock

184.92K shares

−184.92K

Strike price

Held after

0.00

Exercisable

—

10/5/2018

Series B-1 Convertible Preferred Stock

Indirect

C · Conversion

Converts to

Common Stock

77.04K shares

−77.04K

Strike price

Held after

0.00

Exercisable

—

10/5/2018

Series B-1 Convertible Preferred Stock

Indirect

C · Conversion

Converts to

Common Stock

3.74K shares

−3.74K

Strike price

Held after

0.00

Exercisable

—

10/5/2018

Series B-1 Convertible Preferred Stock

Indirect

C · Conversion

Converts to

Common Stock

3.35K shares

−3.35K

Strike price

Held after

0.00

Exercisable

—

10/5/2018

Series B-1 Convertible Preferred Stock

Indirect

C · Conversion

Converts to

Common Stock

2.03K shares

−2.03K

Strike price

Held after

0.00

Exercisable

—

10/5/2018

Series B-1 Convertible Preferred Stock

Indirect

C · Conversion

Converts to

Common Stock

1.40K shares

−1.40K

Strike price

Held after

0.00

Exercisable

—

10/5/2018

Security	Converts To	Date	Type	Shares	Exercisable
Series A-1 Convertible Preferred Stock Indirect	Common Stock787.89K shares	10/5/2018	C · Conversion	−787.89K	—
Series A-1 Convertible Preferred Stock Indirect	Common Stock54.17K shares	10/5/2018	C · Conversion	−54.17K	—
Series A-1 Convertible Preferred Stock Indirect	Common Stock48.79K shares	10/5/2018	C · Conversion	−48.79K	—
Series A-1 Convertible Preferred Stock Indirect	Common Stock21.47K shares	10/5/2018	C · Conversion	−21.47K	—
Series A-1 Convertible Preferred Stock Indirect	Common Stock14.87K shares	10/5/2018	C · Conversion	−14.87K	—
Series A-2 Convertible Preferred Stock Indirect	Common Stock9.80M shares	10/5/2018	C · Conversion	−9.80M	—
Series A-2 Convertible Preferred Stock Indirect	Common Stock673.76K shares	10/5/2018	C · Conversion	−673.76K	—
Series A-2 Convertible Preferred Stock Indirect	Common Stock606.87K shares	10/5/2018	C · Conversion	−606.87K	—
Series A-2 Convertible Preferred Stock Indirect	Common Stock267.02K shares	10/5/2018	C · Conversion	−267.02K	—
Series A-2 Convertible Preferred Stock Indirect	Common Stock184.92K shares	10/5/2018	C · Conversion	−184.92K	—
Series B-1 Convertible Preferred Stock Indirect	Common Stock77.04K shares	10/5/2018	C · Conversion	−77.04K	—
Series B-1 Convertible Preferred Stock Indirect	Common Stock3.74K shares	10/5/2018	C · Conversion	−3.74K	—
Series B-1 Convertible Preferred Stock Indirect	Common Stock3.35K shares	10/5/2018	C · Conversion	−3.35K	—
Series B-1 Convertible Preferred Stock Indirect	Common Stock2.03K shares	10/5/2018	C · Conversion	−2.03K	—
Series B-1 Convertible Preferred Stock Indirect	Common Stock1.40K shares	10/5/2018	C · Conversion	−1.40K	—