SEC Form 4 · accession 0001127602-16-065133
Meta Platforms, Inc. · META
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sheryl Sandberg
Officer — Chief Operating Officer · Director
Period of report
Oct 19, 2016
Accepted (ET)
Oct 21, 2016 · 6:58 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 19, 2016 | C | 104,808 | $10.388 | A | 4,225,056 | D | |
| Class A Common Stock | Oct 19, 2016 | S | 218,000 | $129.94 | D | 4,007,056 | D | |
| Class A Common StockF3 | holding | — | — | — | 23,824 | I | By Sheryl K. Sandberg, Trustee of the Sandberg-Goldberg Family Trust Dated September 3, 2004 |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy Class B Common Stock)F4,F5 | $10.388 | Oct 19, 2016 | M | 104,808 | D | — | Jul 22, 2020 | Class B Common Stock | 104,808 | 2,294,708 | D |
| Class B Common StockF5 | — | Oct 19, 2016 | M | 104,808 | A | — | — | Class A Common Stock | 104,808 | 104,808 | D |
| Class B Common StockF5,F6 | — | Oct 19, 2016 | C | 104,808 | D | — | — | Class A Common Stock | 104,808 | 0 | D |
Explanation of responses
- F1Represents the number of shares that were acquired upon the conversion of Class B Common Stock to Class A Common Stock in connection with the exercise of the stock options listed in Table II.
- F2The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
- F3Shares held of record by Sheryl K. Sandberg, Trustee of the Sandberg-Goldberg Family Trust Dated September 3, 2004.
- F4The option vests as to 1/48th of the total shares monthly, beginning on May 1, 2013, subject to continued service through each vesting date.
- F5The 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.
- F6The holder elected to convert the shares of Class B Common Stock into Class A Common Stock on a 1-for-1 basis.