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Meta Platforms, Inc. — Director's Dealing 2018
May 17, 2018
29738_dirs_2018-05-17_a714b790-3ada-4def-a13b-d81cfa5570f2.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: 2018-05-15
Reporting Person: Schroepfer Michael Todd (Chief Technology Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-05-15 | Class A Common Stock | C | 86584 | — | Acquired | 551714 | Direct |
| 2018-05-15 | Class A Common Stock | F | 42929 | $186.64 | Disposed | 508785 | Direct |
| 2018-05-15 | Class A Common Stock | M | 26847 | — | Acquired | 535632 | Direct |
| 2018-05-15 | Class A Common Stock | F | 13311 | $186.64 | Disposed | 522321 | Direct |
| 2018-05-15 | Class A Common Stock | M | 10022 | — | Acquired | 532343 | Direct |
| 2018-05-15 | Class A Common Stock | F | 4969 | $186.64 | Disposed | 527374 | Direct |
| 2018-05-15 | Class A Common Stock | M | 8254 | — | Acquired | 535628 | Direct |
| 2018-05-15 | Class A Common Stock | F | 4093 | $186.64 | Disposed | 531535 | Direct |
| 2018-05-15 | Class A Common Stock | C | 34122 | — | Acquired | 565657 | Direct |
| 2018-05-15 | Class A Common Stock | F | 16918 | $186.64 | Disposed | 548739 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-05-15 | Restricted Stock Unit (RSU) (Class B) | $ | M | 86584 | Disposed | 2020-08-25 | Class B Common Stock (86584) | Direct |
| 2018-05-15 | Class B Common Stock | $ | M | 86584 | Acquired | Class A Common Stock (86584) | Direct | |
| 2018-05-15 | Class B Common Stock | $ | C | 86584 | Disposed | Class A Common Stock (86584) | Direct | |
| 2018-05-15 | Restricted Stock Units (RSU) (Class A) | $ | M | 26847 | Disposed | 2023-05-05 | Class A Common Stock (26847) | Direct |
| 2018-05-15 | Restricted Stock Units (RSU) (Class A) | $ | M | 10022 | Disposed | 2024-03-16 | Class A Common Stock (10022) | Direct |
| 2018-05-15 | Restricted Stock Units (RSU) (Class A) | $ | M | 8254 | Disposed | 2025-03-15 | Class A Common Stock (8254) | Direct |
| 2018-05-15 | Restricted Stock Unit (RSU) (Class B) | $ | M | 34122 | Disposed | 2022-05-02 | Class B Common Stock (34122) | Direct |
| 2018-05-15 | Class B Common Stock | $ | M | 34122 | Acquired | Class A Common Stock (34122) | Direct | |
| 2018-05-15 | Class B Common Stock | $ | C | 34122 | Disposed | Class A Common Stock (34122) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Common Stock | 30121 | Indirect |
| Class A Common Stock | 476595 | Indirect |
| Class A Common Stock | 30121 | Indirect |
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 RSUs listed in Table II.
F2: Represents the number of shares of Class A Common Stock that have been withheld by the issuer to satisfy its income tax withholding and remittance obligations in connection with the net settlement of the RSUs and does not represent a sale by the reporting person.
F3: Shares held of record by Erin Hoffmann, Trustee of The Erin Hoffmann 2017 Annuity Trust U/A/D 6/29/2017, a grantor retained annuity trust for the benefit of the reporting person's spouse.
F4: The total reported in Column 5 has been adjusted to correct an inadvertent understatement of total holdings by 28,213 shares in the Form 4 filed on May 10, 2018.
F5: Shares held of record by Michael Schroepfer and Erin Hoffmann, Co-Trustees of The HS Trust U/A/D 9/28/2011.
F6: Shares held of record by Michael Schroepfer, Trustee of The Michael Schroepfer 2017 Annuity Trust U/A/D 6/29/2017, a grantor retained annuity trust for the benefit of the reporting person.
F7: Each RSU represents a contingent right to receive 1 share of the issuer's Class B Common Stock upon settlement.
F8: The RSUs were granted with both (a) a liquidity event-based vesting condition and (b) a service-based vesting condition, both of which conditions must be satisfied in order for the RSUs to vest. The liquidity event-based vesting condition was satisfied on November 17, 2012. The service-based vesting condition was satisfied as to 1/16th of the total number of shares on August 15, 2014, after which 1/16th of the total number of shares vest quarterly, subject to continued service through each vesting date.
F9: 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.
F10: The holder elected to convert the shares of Class B Common Stock into Class A Common Stock on a 1-for-1 basis.
F11: Each RSU represents a contingent right to receive 1 share of the issuer's Class A Common Stock upon settlement.
F12: The RSUs vest as to 1/16th of the total shares quarterly, beginning on November 15, 2017, subject to continued service through each vesting date.
F13: The RSUs vest as to 1/16th of the total shares quarterly, beginning on May 15, 2016, subject to continued service through each vesting date.
F14: The RSUs vest as to 1/16th of the total shares quarterly, beginning on May 15, 2017, subject to continued service through each vesting date.
F15: The RSUs vest as to 1/16th of the total shares quarterly, beginning on November 15, 2014, subject to continued service through each vesting date.