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Block, Inc. — Director's Dealing 2018
Apr 27, 2018
30034_dirs_2018-04-27_891a32c9-4492-4428-ba31-baba040fc5f9.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: 2018-04-25
Reporting Person: Reses Jacqueline D (Capital Lead & People Lead)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-04-25 | Class A Common Stock | A | 38159 | $0.00 | Acquired | 612442 | Direct |
| 2018-04-25 | Class A Common Stock | F | 5506 | $44.75 | Disposed | 606936 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-04-25 | Stock Option (right to buy) | $44.75 | A | 109026 | Acquired | 2028-04-24 | Class A Common Stock (109026) | Direct |
Footnotes
F1: Each share represents a restricted stock award (RSA). 2.5% of the RSAs will vest on July 1, 2018 and each three month anniversary thereafter through April 1, 2019, and 7.5% of the RSAs will vest on July 1, 2019 and each three month anniversary thereafter through April 1, 2022.
F2: Represents shares that have been withheld by the Issuer to satisfy its income tax and withholding and remittance obligations in connection with the net settlement of restricted stock units and does not represent a sale by the Reporting Person.
F3: 1/12 of 10% of the Shares subject to the Option will vest on May 1, 2018 and each month thereafter through April 1, 2019, and 1/36 of 90% of the shares subject to the Option will vest each month thereafter through April 1, 2022.