SEC Form 4 · accession 0001127602-15-029322
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
Oct 15, 2015
Accepted (ET)
Oct 19, 2015 · 6:49 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 | Oct 15, 2015 | C | 3,728 | $0.00 | A | 143,282 | D | |
| Class A Common StockF2,F3 | Oct 15, 2015 | S | 1,646 | $95.7527 | D | 141,636 | D | |
| Class A Common StockF2,F4 | Oct 15, 2015 | S | 300 | $96.0133 | D | 141,336 | 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)F5,F6,F7 | — | Oct 15, 2015 | M | 3,728 | D | — | Mar 24, 2021 | Class B Common Stock | 3,728 | 3,729 | D |
| Class B Common StockF7 | — | Oct 15, 2015 | M | 3,728 | A | — | — | Class A Common Stock | 3,728 | 3,728 | D |
| Class B Common StockF7,F8 | — | Oct 15, 2015 | C | 3,728 | D | — | — | Class A Common Stock | 3,728 | 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.
- F2Represents the number of shares required to be sold by the reporting person to cover tax withholding obligations in connection with the vesting of the RSUs listed in Table II. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade 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 $95.00 to $95.99 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).
- F4The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $96.00 to $96.03 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 (4).
- F5Each RSU represents a contingent right to receive 1 share of the issuer's Class B Common Stock upon settlement.
- F6The RSUs vested as to 1/5th of the total number of shares on April 15, 2012 and an additional 1/20th of the total number of shares vest quarterly thereafter, subject to continued service through each vesting date.
- F7The 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.
- F8The holder elected to convert the shares of Class B Common Stock into Class A Common Stock on a 1-for-1 basis.