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Snap Inc — Director's Dealing 2017
Nov 20, 2017
30435_dirs_2017-11-20_d23a4753-0209-48f1-8cbe-7ab6ab39d91f.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Snap Inc (SNAP)
CIK: 0001564408
Period of Report: 2017-11-16
Reporting Person: O'Sullivan Michael J. (General Counsel)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-11-16 | Class A Common Stock | S | 10016 | $12.5384 | Disposed | 1055369 | Direct |
Footnotes
F1: Represents the sale of shares to cover tax withholding obligations in connection with the settlement and release of restricted stock units ("RSUs") granted by the issuer to the reporting person. Each RSU represents a contingent right to receive one share of issuer's Class A Common Stock.
F2: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.38 to
$12.67 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.
F3: As reported on a Form 4 filed on September 8, 2017, the reporting person was granted 1,065,385 RSUs, of which 10% vest in equal quarterly installments during the first 12 months of continuous service from August 15, 2017; 20% vest in equal quarterly installments during the second 12-month period of reporting person's continuous service; 30% vest in equal quarterly installments during the third 12-month period of reporting person's continuous service; and 40% vest in equal quarterly installments during the fourth 12-month period of reporting person's continuous service.
F4: If the reporting person dies while in continuous service, the service-based requirement will be satisfied as to 100% of the RSUs for which the service-based requirement otherwise already was not satisfied.