SEC Form 4 · accession 0001127602-16-042264
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 16, 2016
Accepted (ET)
Feb 18, 2016 · 7:28 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 StockF1,F2 | Feb 16, 2016 | S | 3,668 | $100.8162 | D | 130,887 | D | |
| Class A Common StockF1,F3 | Feb 16, 2016 | S | 653 | $101.573 | D | 130,234 | D | |
| Class A Common StockF1,F4 | Feb 16, 2016 | S | 2,800 | $103.0757 | D | 127,434 | D | |
| Class A Common StockF1,F5 | Feb 16, 2016 | S | 1,000 | $103.635 | D | 126,434 | D | |
| Class A Common Stock | Feb 16, 2016 | S | 10,000 | $103.80 | D | 116,434 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents the number of shares required to be sold by the reporting person to cover tax withholding obligations in connection with the vesting of RSUs reported on a Form 4 filed on February 17, 2016. 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.
- F2The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $100.26 to $101.25 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.
- F3The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $101.27 to $102.12 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.
- F4The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $102.47 to $103.46 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.
- F5The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $103.51 to $103.80 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.
- F6The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.