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Meta Platforms, Inc. Director's Dealing 2016

Nov 17, 2016

29738_dirs_2016-11-17_82b6d0c6-9260-4313-bf3a-600de092a542.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: 2016-11-15

Reporting Person: Wehner David M. (Chief Financial Officer)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2016-11-15 Class A Common Stock M 18750 Acquired 87672 Direct
2016-11-15 Class A Common Stock M 5370 Acquired 93042 Direct
2016-11-15 Class A Common Stock M 10022 Acquired 103064 Direct
2016-11-15 Class A Common Stock M 9905 Acquired 112969 Direct
2016-11-15 Class A Common Stock S 5640 $116.7061 Disposed 107329 Direct
2016-11-15 Class A Common Stock S 15146 $117.5341 Disposed 92183 Direct
2016-11-15 Class A Common Stock S 2200 $118.2195 Disposed 89983 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2016-11-15 Restricted Stock Units (RSU) (Class A) $ M 18750 Disposed 2023-01-14 Class A Common Stock (18750) Direct
2016-11-15 Restricted Stock Units (RSU) (Class A) $ M 5370 Disposed 2023-05-05 Class A Common Stock (5370) Direct
2016-11-15 Restricted Stock Units (RSU) (Class A) $ M 10022 Disposed 2024-03-16 Class A Common Stock (10022) Direct
2016-11-15 Restricted Stock Units (RSU) (Class A) $ M 9905 Disposed 2025-03-15 Class A Common Stock (9905) 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 $116.11 to $117.10 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.

F3: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $117.11 to $118.10 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.

F4: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $118.11 to $118.47 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.

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

F6: 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.

F7: 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.

F8: The RSUs vest as to 1/16th of the total shares on May 15, 2016 and then an additional 1/16th of the total shares vest quarterly thereafer, subject to continued service through each vesting date.

F9: The RSUs vest as to 1/5th of the total shares on February 15, 2016, after which 1/20th of the total shares vest quarterly, subject to continued service through each vesting date.