SEC Form 4 · accession 0001127602-16-042023
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
Feb 15, 2016
Accepted (ET)
Feb 17, 2016 · 9:12 pm EST
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 Stock | Feb 15, 2016 | M | 4,452 | $0.00 | A | 121,627 | D | |
| Class A Common Stock | Feb 15, 2016 | M | 2,506 | $0.00 | A | 124,133 | D | |
| Class A Common Stock | Feb 15, 2016 | M | 9,905 | $0.00 | A | 134,038 | D | |
| Class A Common StockF1 | Feb 15, 2016 | C | 517 | $0.00 | A | 134,555 | 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 Units (RSU) (Class A)F2,F3 | — | Feb 15, 2016 | M | 4,452 | D | — | May 5, 2023 | Class A Common Stock | 4,452 | 17,805 | D |
| Restricted Stock Units (RSU) (Class A)F2,F4 | — | Feb 15, 2016 | M | 2,506 | D | — | Mar 16, 2024 | Class A Common Stock | 2,506 | 27,562 | D |
| Restricted Stock Units (RSU) (Class A)F2,F5 | — | Feb 15, 2016 | M | 9,905 | D | — | Mar 15, 2025 | Class A Common Stock | 9,905 | 29,715 | D |
| Restricted Stock Unit (RSU) (Class B)F6,F7,F8 | — | Feb 15, 2016 | M | 517 | D | — | May 2, 2022 | Class B Common Stock | 517 | 0 | D |
| Class B Common StockF8 | — | Feb 15, 2016 | M | 517 | A | — | — | Class A Common Stock | 517 | 517 | D |
| Class B Common StockF8,F9 | — | Feb 15, 2016 | C | 517 | D | — | — | Class A Common Stock | 517 | 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 A Common Stock upon settlement.
- F3The 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.
- F4The RSUs vest as to 1/16th of the total shares quarterly, beginning February 15, 2015, subject to continued service through each vesting date.
- F5The RSUs vest as to 1/4th of the total shares on February 15, 2016, after which 1/16th of the total shares vest quarterly, subject to continued service through each vesting date.
- F6Each RSU represents a contingent right to receive 1 share of the issuer's Class B Common Stock upon settlement.
- F7The 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.
- F8The 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.
- F9The holder elected to convert the shares of Class B Common Stock into Class A Common Stock on a 1-for-1 basis.