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Meta Platforms, Inc. — Director's Dealing 2016
Oct 18, 2016
29738_dirs_2016-10-18_5465dfdd-f040-4344-a734-44771b18d5e2.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: 2016-10-15
Reporting Person: FISCHER DAVID B. (VP Marketing & Bus. Part.)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-10-15 | Class A Common Stock | C | 14988 | — | Acquired | 167174 | Direct |
| 2016-10-17 | Class A Common Stock | S | 7821 | $127.9331 | Disposed | 159353 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-10-15 | Restricted Stock Unit (RSU) (Class B) | $ | M | 14988 | Disposed | 2021-03-24 | Class B Common Stock (14988) | Direct |
| 2016-10-15 | Class B Common Stock | $ | M | 14988 | Acquired | Class A Common Stock (14988) | Direct | |
| 2016-10-15 | Class B Common Stock | $ | C | 14988 | Disposed | Class A Common Stock (14988) | 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 ("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 $127.43 to $128.40 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: Each RSU represents a contingent right to receive 1 share of the issuer's Class B Common Stock upon settlement.
F5: The RSUs vest as to 1/16th of the total shares quarterly, beginning on January 15, 2016, subject to continued service through each vesting date.
F6: 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.
F7: The holder elected to convert the shares of Class B Common Stock into Class A Common Stock on a 1-for-1 basis.