SEC Form 4 · accession 0001127602-17-023557

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

Jul 11, 2017

Accepted (ET)

Jul 12, 2017 · 8:27 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
Class A Common Stock^F1	Jul 11, 2017	C	66,256	$1.854	A	856,491	D
Class A Common Stock^F3	Jul 11, 2017	S	16,100	$153.7171	D	840,391	D
Class A Common Stock^F4	Jul 11, 2017	S	8,100	$154.4773	D	832,291	D
Class A Common Stock^F5	Jul 11, 2017	S	13,714	$155.2273	D	818,577	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	Jul 11, 2017	M	66,256	D	—	Jan 11, 2019	Class B Common Stock	66,256	35,181	D
Class B Common Stock^F7	—	Jul 11, 2017	M	66,256	A	—	—	Class A Common Stock	66,256	66,256	D
Class B Common Stock^F7,F8	—	Jul 11, 2017	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 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.
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 on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the holder.
F3The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $153.11 to $154.1050 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 $154.11 to $155.10 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 $155.11 to $155.38 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. In connection with certain estate planning transfers, the reporting person transferred vested shares underlying the option to Michael Schroepfer and Erin Hoffman, Co-Trustees of The HS Trust u/a/d 9/28/11.
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.