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Meta Platforms, Inc. — Director's Dealing 2013
Feb 5, 2013
29738_dirs_2013-02-05_431a66bd-b7b0-4138-b119-889a9a9e614b.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: 2013-02-01
Reporting Person: Sandberg Sheryl (Director, Chief Operating Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2013-02-01 | Class A Common Stock | C | 334213 | $0.00 | Acquired | 16367010 | Direct |
| 2013-02-04 | Class A Common Stock | S | 169756 | $28.9292 | Disposed | 16197254 | Direct |
| 2013-02-04 | Class A Common Stock | S | 6696 | $29.01 | Disposed | 1778374 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2013-02-01 | Restricted Stock Unit (RSU) | $ | M | 698900 | Disposed | 2018-07-31 | Class B Common Stock (698900) | Direct |
| 2013-02-01 | Class B Common Stock | $ | M | 698900 | Acquired | Class A Common Stock (698900) | Direct | |
| 2013-02-01 | Class B Common Stock | $ | F | 364687 | Disposed | Class A Common Stock (364687) | Direct | |
| 2013-02-01 | Class B Common Stock | $ | C | 334213 | Disposed | Class A Common Stock (334213) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Common Stock | 7780 | Indirect |
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 $30.97 per share, which represented the closing price of the issuer's Class A Common Stock on January 31, 2013.
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 $28.75 to $29.12 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: Shares held of record by Sheryl K. Sandberg, Trustee of the Sheryl K. Sandberg 2008 Annuity Trust dated April 15, 2008.
F5: Shares held of record by Sheryl K. Sandberg, Trustee of the Sandberg-Goldberg Family Trust dated September 3, 2004.
F6: Each RSU represents a contingent right to receive 1 share of the issuer's Class B Common Stock upon settlement.
F7: 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 89% of the total shares underlying the RSUs on October 1, 2012, and then 1.833% of the total number of remaining shares vest monthly thereafter, subject to continued service through each vesting date.
F8: 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.
F9: 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.
F10: 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.