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Meta Platforms, Inc. — Director's Dealing 2015
Aug 18, 2015
29738_dirs_2015-08-18_7280ecf7-4805-4018-a375-a07c10b6bc5a.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: 2015-08-15
Reporting Person: Wehner David M. (Chief Financial Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-08-15 | Class A Common Stock | M | 18750 | — | Acquired | 35666 | Direct |
| 2015-08-15 | Class A Common Stock | M | 5370 | — | Acquired | 41036 | Direct |
| 2015-08-17 | Class A Common Stock | S | 12587 | $93.741 | Disposed | 28449 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-08-15 | Restricted Stock Units (RSU) (Class A) | $ | M | 18750 | Disposed | 2023-01-14 | Class A Common Stock (18750) | Direct |
| 2015-08-15 | Restricted Stock Units (RSU) (Class A) | $ | M | 5370 | Disposed | 2023-05-05 | Class A Common Stock (5370) | Direct |
Footnotes
F1: Represents the number of shares required to be sold by the reporting person to cover tax withholding obligations in connection with the vesting of the RSUs listed in Table II. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the reporting person.
F2: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $93.52 to $94.09 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 (2).
F3: Each RSU represents a contingent right to receive 1 share of the issuer's Class A Common Stock upon settlement.
F4: The RSUs vested as to 1/4th of the total shares on November 15, 2013 and then an additional 1/16th of the total shares vest quarterly thereafter, subject to continued service through each vesting date.
F5: The RSUs vest as to 1/16th of the total shares on February 15, 2014 and then an additional 1/16th of the total shares vest quarterly thereafer, subject to continued service through each vesting date.