SEC Form 4 · accession 0001127602-16-070048
Meta Platforms, Inc. · META
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Todd Schroepfer
Officer — Chief Technology Officer
Period of report
Dec 13, 2016
Accepted (ET)
Dec 14, 2016 · 6:38 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 | Dec 13, 2016 | C | 66,256 | $1.854 | A | 500,627 | D | |
| Class A Common StockF3 | Dec 13, 2016 | S | 8,248 | $119.2127 | D | 492,379 | D | |
| Class A Common StockF4 | Dec 13, 2016 | S | 16,934 | $120.4053 | D | 475,445 | D | |
| Class A Common StockF5 | Dec 13, 2016 | S | 12,837 | $120.9985 | D | 462,608 | D |
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)F6,F7 | $1.854 | Dec 13, 2016 | M | 66,256 | D | — | Jan 11, 2019 | Class B Common Stock | 66,256 | 498,973 | D |
| Class B Common StockF7 | — | Dec 13, 2016 | M | 66,256 | A | — | — | Class A Common Stock | 66,256 | 66,256 | D |
| Class B Common StockF7,F8 | — | Dec 13, 2016 | C | 66,256 | D | — | — | Class A Common Stock | 66,256 | 0 | D |
| Stock Option (Right to Buy Class B Common Stock)F10,F9,F7 | $1.854 | holding | — | — | — | — | Jan 11, 2019 | Class B Common Stock | 26,940 | 26,940 | I |
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 ("RSUs") listed in Table II.
- F10Shares held of record by Michael T. Schroepfer and Erin Hoffmann, Co-Trustees of The Clover Irrevocable Nonexempt Trust u/a/d 6/27/11.
- F2The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted 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 $118.71 to $119.63 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 $119.74 to $120.73 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 $120.74 to $121.47 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 option vested as to 1/5th of the total shares on October 29, 2009, after which 1/60th of the total shares vest monthly, subject to continued service through each vesting date.
- F7The 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.
- F8The holder elected to convert the shares of Class B Common Stock into Class A Common Stock on a 1-for-1 basis.
- F9The option was 100% vested on August 13, 2013.