SEC Form 4 · accession 0001127602-16-067676

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

Nov 15, 2016

Accepted (ET)

Nov 17, 2016 · 9:00 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
Class A Common Stock	Nov 15, 2016	M	4,451	$0.00	A	115,394	D
Class A Common Stock	Nov 15, 2016	M	2,506	$0.00	A	117,900	D
Class A Common Stock	Nov 15, 2016	M	2,476	$0.00	A	120,376	D
Class A Common Stock^F1,F2	Nov 15, 2016	S	922	$116.6908	D	119,454	D
Class A Common Stock^F1,F3	Nov 15, 2016	S	3,601	$117.5238	D	115,853	D
Class A Common Stock^F1,F4	Nov 15, 2016	S	400	$118.2075	D	115,453	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)^F5,F6	—	Nov 15, 2016	M	4,451	D	—	May 5, 2023	Class A Common Stock	4,451	4,452	D
Restricted Stock Units (RSU) (Class A)^F5,F7	—	Nov 15, 2016	M	2,506	D	—	Mar 16, 2024	Class A Common Stock	2,506	20,045	D
Restricted Stock Units (RSU) (Class A)^F5,F8	—	Nov 15, 2016	M	2,476	D	—	Mar 15, 2025	Class A Common Stock	2,476	22,287	D

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 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.
F2The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $116.08 to $117.06 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 $117.09 to $118.05 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 $118.09 to $118.43 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.
F5Each RSU represents a contingent right to receive 1 share of the issuer's Class A Common Stock upon settlement.
F6The 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.
F7The RSUs vest as to 1/16th of the total shares quarterly, beginning February 15, 2015, subject to continued service through each vesting date.
F8The 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.