SEC Form 4 · accession 0001127602-15-014789
Meta Platforms, Inc. · META
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Erskine B Bowles
Director
Period of report
Apr 15, 2015
Accepted (ET)
Apr 17, 2015 · 8:05 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 | Apr 15, 2015 | C | 1,250 | $0.00 | A | 25,658 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Unit (RSU) (Class B)F2,F3,F4 | — | Apr 15, 2015 | M | 1,250 | D | — | Sep 5, 2021 | Class B Common Stock | 1,250 | 2,084 | D |
| Class B Common StockF4 | — | Apr 15, 2015 | M | 1,250 | A | — | — | Class A Common Stock | 1,250 | 1,250 | D |
| Class B Common StockF4,F5 | — | Apr 15, 2015 | C | 1,250 | D | — | — | Class A Common Stock | 1,250 | 0 | D |
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 (the "RSUs") listed in Table II.
- F2Each RSU represents a contingent right to receive 1 share of the issuer's Class B Common Stock upon settlement.
- F3Pursuant to the terms of the RSU award, the vesting condition was satisfied as to 13/48 of the total number of shares on October 15, 2012, and then 1/16th of the total number of shares vest quarterly thereafter, not to exceed 11 quarterly installments, with the final 2/48th of the total number of shares vesting on October 15, 2015, subject to continued service through each vesting date.
- 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.