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Meta Platforms, Inc. Director's Dealing 2012

May 17, 2012

29738_dirs_2012-05-17_eebba9bd-9f31-40f5-bc05-90b486ce0d47.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: 2012-05-17

Reporting Person: Schroepfer Michael Todd (VP Engineering)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2012-05-17 Restricted Stock Units (RSU) $ A 1176825 Acquired 2019-01-11 Class B Common Stock (1176825) Direct
2012-05-17 Restricted Stock Units (RSU) $ A 1497775 Acquired 2019-01-11 Class B Common Stock (1497775) Direct
2012-05-17 Restricted Stock Units (RSU) $ A 1125000 Acquired 2019-08-25 Class B Common Stock (1125000) Direct
2012-05-17 Restricted Stock Units (RSU) $ A 1385355 Acquired 2020-08-25 Class B Common Stock (1385355) Direct

Footnotes

F1: Each RSU represents a contingent right to receive 1 share of the issuer's Class B Common Stock upon settlement.

F2: 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 issuer's IPO (as defined in fn 3) was declared effective on May 17, 2012; no RSUs will vest until the date that is six months after the IPO, at which time the liquidity event-based vesting condition will have been satisfied. The service-based vesting condition was satisfied as to 1/5th of the total shares on November 1, 2009, after which 1/60th of the total shares vest monthly, subject to continued service through each vesting date.

F3: The Class B Common Stock is convertible into the issuer's Class A Common Stock on a 1-for-1 basis and has no expiration date. Upon the closing of the issuer's sale of its Class A Common Stock in its firm commitment underwritten initial public offering pursuant to a registration statement on Form S-1 (File No. 333-179287) under the Securities Act of 1933, as amended (the "IPO"), the Class B Common Stock will also become convertible into the issuer's Class A Common Stock on the same basis upon certain transfers of such shares.

F4: 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 issuer's IPO was declared effective on May 17, 2012; no RSUs will vest until the date that is six months after the IPO, at which time the liquidity event-based vesting condition will have been satisfied. The service-based vesting condition was satisfied as to 1/5th of the total shares on September 1, 2009, after which 1/60th of the total shares vest monthly, subject to continued service through each vesting date.

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 issuer's IPO was declared effective on May 17, 2012; no RSUs will vest until the date that is six months after the IPO, at which time the liquidity event-based vesting condition will have been satisfied. The service-based vesting condition was satisfied as to 1/5th of the total shares on July 15, 2010, after which 1/60th of the total shares vest monthly, subject to continued service through each vesting date.

F6: 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 issuer's IPO was declared effective on May 17, 2012; no RSUs will vest until the date that is six months after the IPO, at which time the liquidity event-based vesting condition will have been satisfied. The service-based vesting condition will be satisfied as to 1/16th of the total shares on August 15, 2014, after which 1/16th of the total shares vest quarterly, subject to continued service through each vesting date.