SEC Form 4 · accession 0001127602-15-012241
Meta Platforms, Inc. · META
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Todd Schroepfer
Officer — Chief Technology Officer
Period of report
Mar 19, 2015
Accepted (ET)
Mar 20, 2015 · 7:10 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001326801
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | Mar 19, 2015 | C | 25,000 | $0.00 | A | 485,419 | D | |
| Class A Common Stock | Mar 19, 2015 | S | 25,000 | $81.08 | D | 460,419 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy Class B Common Stock)F3,F4 | $1.85 | Mar 19, 2015 | M | 25,000 | D | — | Jan 11, 2019 | Class B Common Stock | 25,000 | 823,130 | D |
| Class B Common StockF4 | — | Mar 19, 2015 | M | 25,000 | A | — | — | Class A Common Stock | 25,000 | 25,000 | D |
| Class B Common StockF4,F5 | — | Mar 19, 2015 | C | 25,000 | D | — | — | Class A Common Stock | 25,000 | 0 | D |
| Stock Option (Right to Buy Class B Common Stock)F7,F6,F4 | $1.85 | holding | — | — | — | — | Jan 11, 2019 | Class B Common Stock | 26,940 | 26,940 | I |
Explanation of responses
- F1Represents the number of shares that were acquired upon conversion of Class B Common Stock to Class A Common Stock in connection with the settlement of the Restricted Stock Units ("RSUs") listed in Table II.
- F2The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
- F3The option was 100% vested on August 13, 2013. In connection with certain estate planning transfers, options to purchase an aggregate of 736,060 vested shares are held by Michael Schroepfer and Erin Hoffmann, Co-Trustees of the HS Trust u/a/d 9/28/11.
- F4The Class B Common Stock is convertible into the issuer's Class A Common Stock on a 1-for-1 basis (a) at the holder's option or (b) upon certain transfers of such shares, and has no expiration date.
- F5The holder elected to convert the shares of Class B Common Stock into Class A Common Stock on a 1-for-1 basis.
- F6The option was 100% vested on August 13, 2013.
- F7Shares held of record by Michael T. Schroepfer and Erin Hoffmann, Co-Trustees of The Clover Irrevocable Nonexempt Trust u/a/d 6/27/11.