<SEC-DOCUMENT>0001012975-19-000283.txt : 20190403
<SEC-HEADER>0001012975-19-000283.hdr.sgml : 20190403
<ACCEPTANCE-DATETIME>20190403174722
ACCESSION NUMBER:		0001012975-19-000283
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20190401
FILED AS OF DATE:		20190403
DATE AS OF CHANGE:		20190403

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Globespan Management Associates IV, LLC
		CENTRAL INDEX KEY:			0001754247
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38678
		FILM NUMBER:		19730346

	BUSINESS ADDRESS:	
		STREET 1:		ONE BOSTON PLACE, SUITE 2810
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02108
		BUSINESS PHONE:		6

	MAIL ADDRESS:	
		STREET 1:		ONE BOSTON PLACE, SUITE 2810
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02108

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			GLOBESPAN CAPITAL PARTNERS IV LP
		CENTRAL INDEX KEY:			0001180206
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38678
		FILM NUMBER:		19730347

	BUSINESS ADDRESS:	
		STREET 1:		C/O GLOBESPAN CAPITAL MANAGEMENT INC
		STREET 2:		ONE BOSTON PLACE STE 590
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02108
		BUSINESS PHONE:		6173052300

	MAIL ADDRESS:	
		STREET 1:		ONE BOSTON PLACE, SUITE 2810
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02108

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Goldfarb Andrew P
		CENTRAL INDEX KEY:			0001404740

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38678
		FILM NUMBER:		19730348

	MAIL ADDRESS:	
		STREET 1:		C/O GLOBESPAN CAPITAL MANAGEMENT, LLC
		STREET 2:		ONE BOSTON PLACE, SUITE 2810
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02108

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Upwork Inc.
		CENTRAL INDEX KEY:			0001627475
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374]
		IRS NUMBER:				464337682
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		441 LOGUE AVENUE
		CITY:			MOUNTAIN VIEW
		STATE:			CA
		ZIP:			94043
		BUSINESS PHONE:		650-316-7500

	MAIL ADDRESS:	
		STREET 1:		441 LOGUE AVENUE
		CITY:			MOUNTAIN VIEW
		STATE:			CA
		ZIP:			94043

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Elance-oDesk, Inc.
		DATE OF NAME CHANGE:	20141209
</SEC-HEADER>
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<SEQUENCE>1
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        <issuerName>Upwork Inc.</issuerName>
        <issuerTradingSymbol>UPWK</issuerTradingSymbol>
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            <rptOwnerName>GLOBESPAN CAPITAL PARTNERS IV LP</rptOwnerName>
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            <rptOwnerStreet2></rptOwnerStreet2>
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            <rptOwnerStreet2></rptOwnerStreet2>
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                <transactionPricePerShare>
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                    <footnoteId id="F3"/>
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                <transactionAcquiredDisposedCode>
                    <value>D</value>
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                <directOrIndirectOwnership>
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                    <value>See footnote</value>
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                    <footnoteId id="F8"/>
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            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
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                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2019-04-01</value>
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                <transactionCode>S</transactionCode>
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                <transactionPricePerShare>
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                    <footnoteId id="F1"/>
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                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
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                <sharesOwnedFollowingTransaction>
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                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnote</value>
                    <footnoteId id="F4"/>
                    <footnoteId id="F8"/>
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            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2019-04-01</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionAmounts>
                <transactionShares>
                    <value>18</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>18.87</value>
                    <footnoteId id="F3"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>616459</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnote</value>
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                    <footnoteId id="F8"/>
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            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
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            <transactionDate>
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            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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                <transactionShares>
                    <value>105027</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>18.00</value>
                    <footnoteId id="F1"/>
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            </postTransactionAmounts>
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                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnote</value>
                    <footnoteId id="F5"/>
                    <footnoteId id="F8"/>
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            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
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                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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                </transactionShares>
                <transactionPricePerShare>
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                <transactionAcquiredDisposedCode>
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                    <footnoteId id="F8"/>
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                <natureOfOwnership>
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                    <footnoteId id="F8"/>
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        </nonDerivativeTransaction>
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                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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                    <footnoteId id="F3"/>
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                    <value>I</value>
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                <natureOfOwnership>
                    <value>See footnote</value>
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                    <footnoteId id="F8"/>
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            <transactionDate>
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                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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                    <value>32063</value>
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                <transactionPricePerShare>
                    <value>18.00</value>
                    <footnoteId id="F1"/>
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                <transactionAcquiredDisposedCode>
                    <value>D</value>
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                <directOrIndirectOwnership>
                    <value>I</value>
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                <natureOfOwnership>
                    <value>See footnote</value>
                    <footnoteId id="F7"/>
                    <footnoteId id="F8"/>
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            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
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            <transactionDate>
                <value>2019-04-01</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionAmounts>
                <transactionShares>
                    <value>5</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>18.87</value>
                    <footnoteId id="F3"/>
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                <transactionAcquiredDisposedCode>
                    <value>D</value>
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            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>169508</value>
                </sharesOwnedFollowingTransaction>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnote</value>
                    <footnoteId id="F7"/>
                    <footnoteId id="F8"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">The transaction was executed in multiple trades at prices ranging from $17.735 to $18.59. The prices above in Column 4 reflect weighted average prices. Detailed information regarding the number of shares transacted at each separate price will be provided upon request by the Commission staff, the Issuer or a security holder of the Issuer.</footnote>
        <footnote id="F2">Held directly by Globespan Capital Partners IV, L.P.</footnote>
        <footnote id="F3">The transaction was executed in multiple trades at prices ranging from $18.81 to $19.00. The prices above in Column 4 reflect weighted average prices. Detailed information regarding the number of shares transacted at each separate price will be provided upon request by the Commission staff, the Issuer or a security holder of the Issuer.</footnote>
        <footnote id="F4">Held directly by Globespan Capital Partners (Cayman) IV, L.P.</footnote>
        <footnote id="F5">Held directly by JAFCO Globespan USIT IV, L.P.</footnote>
        <footnote id="F6">Held directly by Globespan Capital Partners IV GmbH &amp; Co. KG.</footnote>
        <footnote id="F7">Held directly by GCP IV Affiliates Fund, L.P.</footnote>
        <footnote id="F8">The filing of this Form 4 shall not be construed as an admission that the Reporting Persons are or were for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise the beneficial owners of any of the shares of common stock, of the Issuer. The Reporting Persons disclaim such beneficial ownership, except to the extent of their pecuniary interest.</footnote>
    </footnotes>

    <remarks></remarks>

    <ownerSignature>
        <signatureName>Globespan Management Associates, IV, LLC, By: /s/ Andrew P. Goldfarb</signatureName>
        <signatureDate>2019-04-03</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Globespan Capital Partners IV, L.P., By: /s/ Andrew P. Goldfarb, Executive Managing Director of the GP of the General Partner</signatureName>
        <signatureDate>2019-04-03</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Andrew P. Goldfarb</signatureName>
        <signatureDate>2019-04-03</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</SEC-DOCUMENT>
