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Block, Inc. — Director's Dealing 2015
Nov 24, 2015
30034_dirs_2015-11-24_53799c29-26ec-4072-9c8e-09c309e0da8f.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Square, Inc. (SQ)
CIK: 0001512673
Period of Report: 2015-11-24
Reporting Person: Wagner Dana (Gen. Counsel & Corp. Secretary)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-11-24 | Common Stock | J | 309120 | — | Disposed | 0 | Indirect |
| 2015-11-24 | Common Stock | J | 67000 | — | Disposed | 0 | Direct |
| 2015-11-24 | Class A Common Stock | J | 67000 | — | Acquired | 67000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-11-24 | Class B Common Stock | $ | J | 309120 | Acquired | Class A Common Stock (309120) | Indirect | |
| 2015-11-24 | Stock Option (right to buy) | $1.311 | J | 960000 | Disposed | 2021-08-10 | Common Stock (960000) | Direct |
| 2015-11-24 | Stock Option (right to buy) | $1.311 | J | 960000 | Acquired | 2021-08-10 | Class B Common Stock (960000) | Direct |
| 2015-11-24 | Stock Option (right to buy) | $2.904 | J | 103750 | Disposed | 2023-05-31 | Common Stock (103750) | Direct |
| 2015-11-24 | Stock Option (right to buy) | $2.904 | J | 103750 | Acquired | 2023-05-31 | Class B Common Stock (103750) | Direct |
| 2015-11-24 | Stock Option (right to buy) | $7.254 | J | 250000 | Disposed | 2024-02-27 | Common Stock (250000) | Direct |
| 2015-11-24 | Stock Option (right to buy) | $7.254 | J | 250000 | Acquired | 2024-02-27 | Class B Common Stock (250000) | Direct |
| 2015-11-24 | Stock Option (right to buy) | $9.00 | J | 200000 | Disposed | 2025-11-18 | Common Stock (200000) | Direct |
| 2015-11-24 | Stock Option (right to buy) | $9.00 | J | 200000 | Acquired | 2025-11-18 | Class B Common Stock (200000) | Direct |
Footnotes
F1: Immediately prior to the closing of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class B Common Stock in an exempt transaction pursuant to Rule 16b-7.
F2: The shares are held of record by the Dana R. Wagner Living Trust, for which Reporting Person serves as trustee.
F3: Each share is represented by a restricted stock unit (RSU). Each RSU represents a contingent right to receive one share of the Issuer's Common Stock upon settlement. 25% of the RSUs vest on November 1, 2016, and 1/12 of the remaining RSUs vest every three months thereafter.
F4: Each share is represented by a restricted stock unit (RSU). Each RSU represents a contingent right to receive one share of the Issuer's Class B Common Stock upon settlement. 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. 25% of the RSUs vest on November 1, 2016, and 1/12 of the remaining RSUs vest every three months thereafter.
F5: 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.
F6: The shares subject to the option are fully vested and exercisable.
F7: 25% of the shares subject to the option vested on May 16, 2014, and 1/48 of the shares vest monthly thereafter.
F8: 20% of the shares subject to the option vested on February 24, 2015, and 1/60 of the shares vest monthly thereafter.
F9: 25% of the shares subject to the option vest on October 19, 2016, and 1/48 of the shares vest monthly thereafter.