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Snap Inc — Director's Dealing 2017
Nov 17, 2017
30435_dirs_2017-11-17_861b4155-5336-4cc1-ab43-3f03938d693a.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: Snap Inc (SNAP)
CIK: 0001564408
Period of Report: 2017-11-07
Reporting Person: Sweet Lara (VP, Chief Accounting Officer)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Common Stock | 531082 | Direct |
Footnotes
F1: Includes 498,048 shares issuable on settlement of restricted stock units ("RSUs") granted to the reporting person. Each RSU represents a contingent right to receive one share of Issuer's Class A Common Stock. This RSU vests at the rate of 29,296 shares on each of December 15, 2017 and June 27, 2018, 29,298 shares on March 27, 2018, 43,946 shares on each of September 27, 2018, December 15, 2018, and June 27, 2019, 43,944 shares on March 27, 2019, and 58,594 shares on each of September 27, 2019, December 15, 2019, March 27, 2020, and June 27, 2020.
F2: Includes 21,433 shares issuable on settlement of RSUs granted to the reporting person. Each RSU represents a contingent right to receive one share of Issuer's Class A Common Stock. 10% of the RSUs will vest once the reporting person completes 12 months of continuous service from February 15, 2017; 20% of the RSUs will vest in equal quarterly installments during the second 12-month period of the reporting person's continuous service; 30% of the RSUs will vest in equal quarterly installments during the third 12-month period of the reporting person's continuous service; and 40% of the RSUs will vest in equal quarterly installments during the fourth 12-month period of the reporting person's continuous service.
F3: Includes 11,601 shares issuable on settlement of RSUs granted to the reporting person. Each RSU represents a contingent right to receive one share of Issuer's Class A Common Stock. 10% of the RSUs will vest once the reporting person completes 12 months of continuous service from May 15, 2017; 20% of the RSUs will vest in equal quarterly installments during the second 12-month period of the reporting person's continuous service; 30% of the RSUs will vest in equal quarterly installments during the third 12-month period of the reporting person's continuous service; and 40% of the RSUs will vest in equal quarterly installments during the fourth 12-month period of the reporting person's continuous service.