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Meta Platforms, Inc. — Director's Dealing 2012
Dec 4, 2012
29738_dirs_2012-12-04_dfc4a4c2-876e-4e91-82ed-6a613cea8e93.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: GRAHAM DONALD (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2012-12-01 | Class A Common Stock | C | 20835 | $0.00 | Acquired | 629999 | Direct |
| 2012-12-03 | Class A Common Stock | S | 6667 | $27.4019 | Disposed | 623332 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2012-12-01 | Restricted Stock Units (RSU) | $ | M | 20835 | Disposed | 2019-12-07 | Class B Common Stock (20835) | Direct |
| 2012-12-01 | Class B Common Stock | $ | M | 20835 | Acquired | Class A Common Stock (20835) | Direct | |
| 2012-12-01 | Class B Common Stock | $ | C | 20835 | Disposed | Class A Common Stock (20835) | 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 settlement of the restricted stock units ("RSUs") listed in Table II.
F2: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person for the sole purpose of covering the reporting person's tax liability in connection with the settlement of the RSUs listed in Table II.
F3: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.03 to $27.74 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 1/4 of the total number of shares on April 1, 2010 and then 1/48th 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: The holder elected to convert the shares of Class B Common Stock into Class A Common Stock on a 1-for-1 basis.