Block, Inc. — Director's Dealing 2015

Nov 24, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Square, Inc. (SQ)
CIK: 0001512673
Period of Report: 2015-11-24

Reporting Person: Rizvi Traverse Management, LLC (10% Owner)
Reporting Person: Giampetroni John (10% Owner)
Reporting Person: RIZVI SUHAIL (10% Owner)
Reporting Person: Rizvi Opportunistic Equity Fund, L.P. (10% Owner)
Reporting Person: Rizvi Opportunistic Equity Fund (TI), L.P. (10% Owner)
Reporting Person: Rizvi Opportunistic Equity Fund I-B, L.P. (10% Owner)
Reporting Person: Rizvi Opportunistic Equity Fund I-B (TI), L.P. (10% Owner)
Reporting Person: Rizvi Traverse Partners, LLC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-11-24	Common Stock	C	87420	—	Acquired	87420	Indirect
2015-11-24	Common Stock	C	17560	—	Acquired	17560	Indirect
2015-11-24	Common Stock	C	249500	—	Acquired	249500	Indirect
2015-11-24	Common Stock	C	59250	—	Acquired	59250	Indirect
2015-11-24	Common Stock	C	40210	—	Acquired	40210	Indirect
2015-11-24	Common Stock	J	87420	—	Disposed	0	Indirect
2015-11-24	Common Stock	J	17560	—	Disposed	0	Indirect
2015-11-24	Common Stock	J	249500	—	Disposed	0	Indirect
2015-11-24	Common Stock	J	59250	—	Disposed	0	Indirect
2015-11-24	Common Stock	J	40210	—	Disposed	0	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-11-24	Series D Preferred Stock	$	C	87420	Disposed		Common Stock (87420)	Indirect
2015-11-24	Series D Preferred Stock	$	C	17560	Disposed		Common Stock (17560)	Indirect
2015-11-24	Series D Preferred Stock	$	C	249500	Disposed		Common Stock (249500)	Indirect
2015-11-24	Series D Preferred Stock	$	C	59250	Disposed		Common Stock (59250)	Indirect
2015-11-24	Series D Preferred Stock	$	C	40210	Disposed		Common Stock (40210)	Indirect
2015-11-24	Class B Common Stock	$	J	87420	Acquired		Class A Common Stock (87420)	Indirect
2015-11-24	Class B Common Stock	$	J	17560	Acquired		Class A Common Stock (17560)	Indirect
2015-11-24	Class B Common Stock	$	J	249500	Acquired		Class A Common Stock (249500)	Indirect
2015-11-24	Class B Common Stock	$	J	59250	Acquired		Class A Common Stock (59250)	Indirect
2015-11-24	Class B Common Stock	$	J	40210	Acquired		Class A Common Stock (40210)	Indirect

Footnotes

F1: The Series D Preferred Stock automatically converted into Common Stock on a 1:1 basis immediately prior to the closing of the Issuer's initial public offering, and had no expiration date.

F2: Shares held directly by Rizvi Opportunistic Equity Fund, L.P. Rizvi Traverse Management, LLC (the general partner of Rizvi Opportunistic Equity Fund, L.P.), and John Giampetroni and Suhail Rizvi (the managers of Rizvi Traverse Management, LLC) have sole voting and investment power over the securities held by Rizvi Opportunistic Equity Fund, L.P. Such persons and entities disclaim beneficial ownership of shares held by Rizvi Opportunistic Equity Fund, L.P. except to the extent of any pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

F3: Shares held directly by Rizvi Opportunistic Equity Fund (TI), L.P. Rizvi Traverse Management, LLC (the general partner of Rizvi Opportunistic Equity Fund (TI), L.P.), and John Giampetroni and Suhail Rizvi (the managers of Rizvi Traverse Management, LLC) have sole voting and investment power over the securities held by Rizvi Opportunistic Equity Fund (TI), L.P. Such persons and entities disclaim beneficial ownership of shares held by Rizvi Opportunistic Equity Fund (TI), L.P. except to the extent of any pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

F4: Shares held directly by Rizvi Opportunistic Equity Fund I-B, L.P. Rizvi Traverse Management, LLC (the general partner of Rizvi Opportunistic Equity Fund I-B, L.P.), and John Giampetroni and Suhail Rizvi (the managers of Rizvi Traverse Management, LLC) have sole voting and investment power over the securities held by Rizvi Opportunistic Equity Fund I-B, L.P. Such persons and entities disclaim beneficial ownership of shares held by Rizvi Opportunistic Equity Fund I-B, L.P. except to the extent of any pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

F5: Shares held directly by Rizvi Opportunistic Equity Fund I-B (TI), L.P. Rizvi Traverse Management, LLC (the general partner of Rizvi Opportunistic Equity Fund I-B (TI), L.P.), and John Giampetroni and Suhail Rizvi (the managers of Rizvi Traverse Management, LLC) have sole voting and investment power over the securities held by Rizvi Opportunistic Equity Fund I-B (TI), L.P. Such persons and entities disclaim beneficial ownership of shares held by Rizvi Opportunistic Equity Fund I-B (TI), L.P. except to the extent of any pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

F6: Shares held directly by Rizvi Traverse Partners, LLC. Rizvi Traverse Management, LLC (the manager of Rizvi Traverse Partners, LLC), and John Giampetroni and Suhail Rizvi (the managers of Rizvi Traverse Management, LLC) have sole voting and investment power over the securities held by Rizvi Traverse Partners, LLC. Such persons and entities disclaim beneficial ownership of shares held by Rizvi Traverse Partners, LLC. except to the extent of any pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

F7: Immediately prior to the closing of the Issuer's initial public offering and following the conversion of each series of the Issuer's convertible preferred stock into Common Stock, each share of Common Stock was reclassified into one share of Class B Common Stock in an exempt transaction pursuant to Rule 16b-7.

F8: Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date.