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Meta Platforms, Inc. Director's Dealing 2012

Dec 4, 2012

29738_dirs_2012-12-04_911de116-401d-4a96-804e-97789b44ec50.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Facebook Inc (FB)
CIK: 0001326801
Period of Report: 2012-12-01

Reporting Person: Ullyot Theodore Warren (VP, Gen. Counsel & Secretary)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2012-12-01 Class A Common Stock C 28718 $0.00 Acquired 1006291 Direct
2012-12-03 Class A Common Stock S 111990 $27.907 Disposed 894301 Direct
2012-12-04 Class A Common Stock S 40 $27.06 Disposed 894261 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2012-12-01 Restricted Stock Units (RSU) $ M 53860 Disposed 2019-01-11 Class B Common Stock (53860) Direct
2012-12-01 Class B Common Stock $ M 53860 Acquired Class A Common Stock (53860) Direct
2012-12-01 Class B Common Stock $ F 25142 Disposed Class A Common Stock (25142) Direct
2012-12-01 Class B Common Stock $ C 28718 Disposed Class A Common Stock (28718) Direct

Footnotes

F1: Represents the number of shares that were acquired upon conversion of Class B Common Stock to Class A Common Stock in connection with the net settlement of restricted stock units (the "RSUs") listed in Table II, based on a price of $28.00 per share, which represented the closing price of the issuer's Class A Common Stock on November 30, 2012.

F2: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.

F3: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.84 to $27.98 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (3).

F4: Each RSU represents a contingent right to receive 1 share of the issuer's Class B Common Stock upon settlement.

F5: The RSUs were granted with both (a) a liquidity event-based vesting condition and (b) a service-based vesting condition, both of which conditions must be satisfied in order for the RSUs to vest. The liquidity event-based vesting condition was satisfied on November 17, 2012. Pursuant to the terms of the RSU award, the service-based vesting condition was satisfied as to 1/5th of the total number of shares on November 1, 2009 and then 1/60th of the total number of shares vest monthly thereafter, subject to continued service through each vesting date.

F6: The Class B Common Stock is convertible into the issuer's Class A Common Stock on a 1-for-1 basis (a) at the holder's option or (b) upon certain transfers of such shares, and has no expiration date.

F7: Represents shares of Class B Common Stock that have been withheld by the issuer to satisfy its income tax withholding and remittance obligations in connection with the net settlement of the RSUs and does not represent a sale by the reporting person.

F8: Represents shares of Class B Common Stock that have been converted to Class A Common Stock in connection with the net settlement of the RSUs.