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PINTEREST, INC. — Director's Dealing 2019
Nov 15, 2019
30250_dirs_2019-11-14_68451671-9ce4-4dea-9605-7b2a2839ae92.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Pinterest, Inc. (PINS)
CIK: 0001506293
Period of Report: 2019-11-12
Reporting Person: Flores Christine (General Counsel)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2019-11-12 | Class A Common Stock | C | 9375 | — | Acquired | 9375 | Direct |
| 2019-11-12 | Class A Common Stock | S | 9375 | $20.6531 | Disposed | 0 | Direct |
| 2019-11-13 | Class A Common Stock | C | 9375 | — | Acquired | 9375 | Direct |
| 2019-11-13 | Class A Common Stock | S | 9375 | $20.1945 | Disposed | 0 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2019-11-12 | Class B common stock | $ | C | 9375 | Disposed | Class A Common Stock (9375.0) | Direct | |
| 2019-11-13 | Class B common stock | $ | C | 9375 | Disposed | Class A Common Stock (9375.0) | Direct |
Footnotes
F1: Each share of Class B common stock, par value $0.00001 (Class B Common Stock) is convertible at any time at the option of the holder into one share of the Company's Class A common stock, par value $0.00001 (Class A Common Stock). Additionally, each share of Class B Common Stock will, subject to certain exceptions, convert automatically into one share of Class A Common Stock upon any transfer.
F2: Represents the conversion of 9,375 shares of Class B Common Stock into 9,375 shares of Class A Common Stock pursuant to a conversion election made by the Reporting Person to convert shares in connection with sales to be effected pursuant to a Rule 10b5-1 trading plan.
F3: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
F4: The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $20.4100 to $20.8450 per share. The Reporting Person undertakes to provide to the Company, any security holder of the Company 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 sale price. These shares were sold in multiple transactions at prices ranging from $20.0600 to $20.3800 per share. The Reporting Person undertakes to provide to the Company, any security holder of the Company 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: These securities consist of 166,645 shares of Class B Common Stock and 794,785 previously reported RSUs. Each RSU represents the Reporting Person's right to receive one share of Class B Common Stock, subject to vesting.
F7: These securities consist of 157,270 shares of Class B Common Stock and 794,785 previously reported RSUs.