Snap Inc — Director's Dealing 2018

Jan 10, 2018

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Snap Inc (SNAP)
CIK: 0001564408
Period of Report: 2018-01-01

Reporting Person: Hunter Jerry James (Senior VP, Engineering)

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	2107697	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option (right to buy)	$14.72	2027-12-28	Class A Common Stock (700000)		Direct

Footnotes

F1: Includes 1,757,874 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 97,656 shares on each of January 24, 2018, April 24, 2018, July 24, 2018 and October 24, 2018, 146,486 shares on January 24, 2019, 146,484 shares on each of April 24, 2019, July 24, 2019 and October 24, 2019, 195,314 shares on each of January 24, 2020 and October 24, 2020, and 195,312 shares on each of April 24, 2020 and July 24, 2020.

F2: Includes 349,883 RSUs granted to the reporting person, of which 10% will vest once the reporting person completes 12 months of continuous service from January 15, 2018; 20% will vest in equal quarterly installments during the second 12-month period of the reporting person's continuous service; 30% will vest in equal quarterly installments during the third 12-month period of the reporting person's continuous service; and 40% will vest in equal quarterly installments during the fourth 12-month period of the reporting person's continuous service.

F3: 10% of the shares subject to the option will vest once the reporting person completes twelve months of service from December 29, 2017; 20% of the shares subject to the option will vest in equal quarterly installments during the second 12-month period of reporting person's service; 30% of the shares subject to the option will vest in equal quarterly installments during the third 12-month period of reporting person's service; and 40% of the shares subject to the option will vest in equal quarterly installments during the fourth twelve-month period of reporting person's service.