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Snap Inc — Director's Dealing 2017
Aug 25, 2017
30435_dirs_2017-08-25_f10a3bd4-1848-4804-af28-459f9db3cec6.zip
Director's Dealing
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SEC Form 4/A — Form 4/A
Issuer: Snap Inc (SNAP)
CIK: 0001564408
Period of Report: 2017-08-14
Reporting Person: Sehn Timothy (Senior VP of Engineering)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-08-14 | Class A Common Stock | M | 200000 | $0.00 | Acquired | 2804168 | Direct |
| 2017-08-14 | Class A Common Stock | C | 200000 | $0.00 | Acquired | 3004168 | Direct |
| 2017-08-14 | Class A Common Stock | S | 400000 | $12.4981 | Disposed | 2604168 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-08-14 | Stock Option (right to buy) | $0.00 | M | 200000 | Disposed | 2023-09-05 | Class A Common Stock (200000) | Direct |
| 2017-08-14 | Stock Option (right to buy) | $0.582 | M | 200000 | Disposed | 2023-09-05 | Class B Common Stock (200000) | Direct |
| 2017-08-14 | Class B Common Stock | $0.00 | C | 200000 | Disposed | Class A Common Stock (200000) | Direct |
Footnotes
F1: Represents shares of Class B Common Stock converted into shares of Class A Common Stock at the option of the reporting person.
F2: The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted 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 $11.29 to $13.13 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: Reflects an option exercised on August 14, 2017, which shares were subsequently sold on the same day, as reported on the Form 4 filed August 16, 2017.
F5: 1/10th vests 12 months from September 3, 2013, 1/60th vests each month during the second 12-month period of continuous service, 1/40th vests each month during the third 12-month period of continuous service and 1/30th vests each month during the fourth 12-month period of continuous service.
F6: Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the reporting person.
F7: The Class B Common Stock has no expiration date.