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Meta Platforms, Inc. — Director's Dealing 2013
Apr 16, 2013
29738_dirs_2013-04-16_e42e477c-89c6-4e84-b6f9-ac3d8945e9ef.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: 2013-04-15
Reporting Person: BOWLES ERSKINE B (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2013-04-15 | Class A Common Stock | C | 1250 | $0.00 | Acquired | 7916 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2013-04-15 | Restricted Stock Unit (RSU) | $ | M | 1250 | Disposed | 2021-09-05 | Class B Common Stock (1250) | Direct |
| 2013-04-15 | Class B Common Stock | $ | M | 1250 | Acquired | Class A Common Stock (1250) | Direct | |
| 2013-04-15 | Class B Common Stock | $ | C | 1250 | Disposed | Class A Common Stock (1250) | 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 (the "RSUs") listed in Table II.
F2: Each RSU represents a contingent right to receive 1 share of the issuer's Class B Common Stock upon settlement.
F3: Pursuant to the terms of the RSU award, the vesting condition was satisfied as to 13/48 of the total number of shares on October 15, 2012, and then 1/16th of the total number of shares vest quarterly thereafter, not to exceed 11 quarterly installments, with the final 2/48th of the total number of shares vesting on October 15, 2015, subject to continued service through each vesting date. The RSUs settle on the earliest of (i) December 31, 2013, (ii) an earlier date between January 1, 2013 and December 31, 2013 that may be specified by the issuer and (iii) the date of a change of control as defined in the issuer's stock plan. The issuer vested and settled the outstanding RSUs for which the vesting condition had been satisfied on February 1, 2013.
F4: 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.
F5: The holder elected to convert the shares of Class B Common Stock into Class A Common Stock on a 1-for-1 basis.