SEC Form 4 · accession 0001127602-16-064955
Meta Platforms, Inc. · META
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher K Cox
Officer — Chief Product Officer
Period of report
Oct 15, 2016
Accepted (ET)
Oct 18, 2016 · 7:35 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, 2016 | C | 11,371 | $0.00 | A | 390,533 | D | |
| Class A Common StockF1 | Oct 15, 2016 | C | 59,952 | $0.00 | A | 450,485 | D | |
| Class A Common StockF2,F3 | Oct 17, 2016 | S | 36,917 | $127.922 | D | 413,568 | D | |
| Class A Common StockF2,F4 | Oct 17, 2016 | S | 300 | $128.4167 | D | 413,268 | D | |
| Class A Common StockF6 | Oct 17, 2016 | S | 15,600 | $127.716 | D | 397,668 | D | |
| Class A Common StockF7 | holding | — | — | — | 76,945 | I | By Christopher K. Cox Revocable Trust | |
| Class A Common StockF8 | holding | — | — | — | 28,816 | I | By Remainder Interest Trust Created Under The Christopher K. Cox 2009 Annuity Trust Dated 5/29/2009 |
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)F9,F10,F11 | — | Oct 15, 2016 | M | 11,371 | D | — | Aug 25, 2019 | Class B Common Stock | 11,371 | 113,702 | D |
| Class B Common StockF11 | — | Oct 15, 2016 | M | 11,371 | A | — | — | Class A Common Stock | 11,371 | 11,371 | D |
| Class B Common StockF11,F12 | — | Oct 15, 2016 | C | 11,371 | D | — | — | Class A Common Stock | 11,371 | 0 | D |
| Restricted Stock Unit (RSU) (Class B)F9,F13,F11 | — | Oct 15, 2016 | M | 59,952 | D | — | Mar 24, 2021 | Class B Common Stock | 59,952 | 359,713 | D |
| Class B Common StockF11 | — | Oct 15, 2016 | M | 59,952 | A | — | — | Class A Common Stock | 59,952 | 59,952 | D |
| Class B Common StockF11,F12 | — | Oct 15, 2016 | C | 59,952 | D | — | — | Class A Common Stock | 59,952 | 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") in Table II.
- F10The RSUs vest as to 1/48 of the total number of shares monthly, beginning on September 1, 2013, subject to continued service through each vesting date.
- F11The 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.
- F12The holder elected to convert the shares of Class B Common Stock into Class A Common Stock on a 1-for-1 basis.
- F13The RSUs vest as to 1/16th of the total shares quarterly, beginning on July 15, 2014, subject to continued service through each vesting date.
- 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 $127.41 to $128.34 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 $128.41 to $128.43 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 sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
- F6The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $127.41 to $128.20 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.
- F7Shares held of record by Christopher Cox, Trustee of the Christopher K. Cox Revocable Trust.
- F8Shares held of record by Remainder Interest Trust Created under the Christopher K. Cox 2009 Annuity Trust dated 5/29/2009, Visra Vichit-Vadakan, Trustee, the beneficiaries of which include the reporting person's children. The reporting person's spouse is trustee of the trust. The reporting person disclaims beneficial ownership of these shares, and the filing of this report is not an admission that the reporting person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.
- F9Each RSU represents a contingent right to receive 1 share of the issuer's Class B Common Stock upon settlement.