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: VINIAR DAVID A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-11-24	Common Stock	J	35000	—	Disposed	0	Direct
2015-11-24	Class A Common Stock	J	35000	—	Acquired	35000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-11-24	Stock Option (right to buy)	$3.663	J	326950	Disposed	2023-10-30	Common Stock (326950)	Direct
2015-11-24	Stock Option (right to buy)	$3.663	J	326950	Acquired	2023-10-30	Class B Common Stock (326950)	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: 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 the date of the next annual meeting of the Issuer's stockholders, and 25% of the RSUs vest annually thereafter on the earlier of the date of the following annual meeting of the Issuer's stockholders or the anniversary of the prior annual meeting of the Issuer's stockholders.

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 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 the date of the next annual meeting of the Issuer's stockholders, and 25% of the RSUs vest annually thereafter on the earlier of the date of the following annual meeting of the Issuer's stockholders or the anniversary of the prior annual meeting of the Issuer's stockholders.

F4: 25% of the shares subject to the option vested on October 30, 2014, and 1/48 of the shares vest monthly 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.