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Meta Platforms, Inc. — Director's Dealing 2016
Nov 25, 2016
29738_dirs_2016-11-25_995e52f0-2f61-4ccd-85d3-83af15279367.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: 2016-11-21
Reporting Person: Schroepfer Michael Todd (Chief Technology Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-11-21 | Class A Common Stock | G | 93018 | — | Disposed | 649208 | Direct |
| 2016-11-22 | Class A Common Stock | C | 66256 | $1.854 | Acquired | 715464 | Direct |
| 2016-11-22 | Class A Common Stock | S | 34602 | $121.53 | Disposed | 680862 | Direct |
| 2016-11-22 | Class A Common Stock | S | 3400 | $122.1232 | Disposed | 677462 | Direct |
| 2016-11-23 | Class A Common Stock | G | 243091 | — | Disposed | 434371 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-11-22 | Stock Option (Right to Buy Class B Common Stock) | $1.854 | M | 66256 | Disposed | 2019-01-11 | Class B Common Stock (66256) | Direct |
| 2016-11-22 | Class B Common Stock | $ | M | 66256 | Acquired | Class A Common Stock (66256) | Direct | |
| 2016-11-22 | Class B Common Stock | $ | C | 66256 | Disposed | Class A Common Stock (66256) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option (Right to Buy Class B Common Stock) | $1.854 | 2019-01-11 | Class B Common Stock (26940) | 26940 | Indirect |
Footnotes
F1: Represents shares of Class A Common Stock that the reporting person donated as a gift to a charitable entity.
F2: Represents the number of shares that were acquired upon the conversion of Class B Common Stock to Class A Common Stock in connection with the exercise of the stock options listed in Table II.
F3: The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
F4: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $120.94 to $121.93 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: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $121.95 to $122.44 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.
F6: The option vested as to 1/5th of the total shares on October 29, 2009, after which 1/60th of the total shares vest monthly, 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.
F9: The option was 100% vested on August 13, 2013.
F10: Shares held of record by Michael T. Schroepfer and Erin Hoffmann, Co-Trustees of The Clover Irrevocable Nonexempt Trust u/a/d 6/27/11.