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PINTEREST, INC. — Director's Dealing 2019
Apr 18, 2019
30250_dirs_2019-04-17_ed5aebc5-4b10-4655-8294-c3c145f4a03b.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: Pinterest, Inc. (PINS)
CIK: 0001506293
Period of Report: 2019-04-17
Reporting Person: Flores Christine (General Counsel)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 1166666 | Direct |
Footnotes
F1: Prior to the closing of Pinterest, Inc.'s (the Company) initial public offering (the IPO), each share of common stock will be automatically reclassified into one share of Class B common stock, par value $0.00001, of the Company (Class B Common Stock). Each share of 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, of the Company (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: These securities consist of 1,166,666 Restricted Stock Units (RSUs). Each RSU represents the Reporting Person's right to receive one share of common stock, subject to vesting.
F3: The Reporting Person was granted 583,333 RSUs on August 8, 2017, for which (i) the service-based vesting condition was satisfied for 25% of the total number of RSUs on May 1, 2018 and (ii) 6.25% of the total number of RSUs will vest at the end of each three-month period occurring during the three-year period commencing May 1, 2018 and ending on May 1, 2021, subject to the Reporting Person's continued service through each such date. The Reporting Person was granted 583,333 RSUs on August 1, 2018, for which (i) 2.5% of the total number of RSUs vest at the end of each three-month period occurring during the two-year period commencing December 20, 2018 and ending on December 20, 2020 and (ii) 10% of the total number of RSUs vest at the end of each three-month period occurring during the two-year period commencing December 20, 2020 and ending on December 20, 2022, subject to the Reporting Person's continued service through each such date.