Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Meta Platforms, Inc. Director's Dealing 2015

Oct 19, 2015

29738_dirs_2015-10-19_ff737458-d827-45ca-95c4-dd59e46a57b0.zip

Director's Dealing

Open in viewer

Opens in your device viewer

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Facebook Inc (FB)
CIK: 0001326801
Period of Report: 2015-10-15

Reporting Person: Athwal Jas (Chief Accounting Officer)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2015-10-15 Class A Common Stock C 3728 Acquired 143282 Direct
2015-10-15 Class A Common Stock S 1646 $95.7527 Disposed 141636 Direct
2015-10-15 Class A Common Stock S 300 $96.0133 Disposed 141336 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2015-10-15 Restricted Stock Unit (RSU) (Class B) $ M 3728 Disposed 2021-03-24 Class B Common Stock (3728) Direct
2015-10-15 Class B Common Stock $ M 3728 Acquired Class A Common Stock (3728) Direct
2015-10-15 Class B Common Stock $ C 3728 Disposed Class A Common Stock (3728) 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: 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.

F3: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $95.00 to $95.99 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: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $96.00 to $96.03 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 (4).

F5: Each RSU represents a contingent right to receive 1 share of the issuer's Class B Common Stock upon settlement.

F6: The RSUs vested as to 1/5th of the total number of shares on April 15, 2012 and an additional 1/20th of the total number of shares vest quarterly thereafter, subject to continued service through each vesting date.

F7: 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.

F8: The holder elected to convert the shares of Class B Common Stock into Class A Common Stock on a 1-for-1 basis.