SEC Form 4 · accession 0001127602-15-025247
Meta Platforms, Inc. · META
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jas Athwal
Officer — Chief Accounting Officer
Period of report
Aug 15, 2015
Accepted (ET)
Aug 18, 2015 · 9:11 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 | Aug 15, 2015 | C | 516 | $0.00 | A | 136,499 | D | |
| Class A Common Stock | Aug 15, 2015 | M | 4,451 | $0.00 | A | 140,950 | D | |
| Class A Common Stock | Aug 15, 2015 | M | 2,505 | $0.00 | A | 143,455 | D | |
| Class A Common StockF2,F3 | Aug 17, 2015 | S | 3,901 | $93.7493 | D | 139,554 | 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)F4,F5,F6 | — | Aug 15, 2015 | M | 516 | D | — | May 2, 2022 | Class B Common Stock | 516 | 1,033 | D |
| Class B Common StockF6 | — | Aug 15, 2015 | M | 516 | A | — | — | Class A Common Stock | 516 | 516 | D |
| Class B Common StockF6,F7 | — | Aug 15, 2015 | C | 516 | D | — | — | Class A Common Stock | 516 | 0 | D |
| Restricted Stock Units (RSU) (Class A)F8,F9 | — | Aug 15, 2015 | M | 4,451 | D | — | May 5, 2023 | Class A Common Stock | 4,451 | 26,708 | D |
| Restricted Stock Units (RSU) (Class A)F8,F10 | — | Aug 15, 2015 | M | 2,505 | D | — | Mar 16, 2024 | Class A Common Stock | 2,505 | 32,574 | 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 ("RSUs") listed in Table II.
- F10The RSUs vest as to 1/16th of the total shares quarterly, beginning February 15, 2015, subject to continued service through each vesting date.
- F2Represents shares of Class B Common Stock that have been withheld by the issuer to satisfy its income tax and withholding and remittance obligations in connection with the net settlement of RSUs and does not represent a sale by the reporting person.
- F3The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $93.54 to $94.09 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 (3).
- F4Each RSU represents a contingent right to receive 1 share of the issuer's Class B Common Stock upon settlement.
- F5The RSUs vested as to 1/4th of the total shares on February 15, 2013, and then 1/16th of the total shares vest quarterly thereafter, subject to continued service through each vesting date.
- F6The 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.
- F7The holder elected to convert the shares of Class B Common Stock into Class A Common Stock on a 1-for-1 basis.
- F8Each RSU represents a contingent right to receive 1 share of the issuer's Class A Common Stock upon settlement.
- F9The RSUs vested as to 1/4th of the total shares on February 15, 2014, and then 1/16th of the total shares vest quarterly thereafter, subject to continued service through each vesting date.