SEC Form 4 · accession 0001127602-17-023833
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 15, 2017
Accepted (ET)
Jul 18, 2017 · 8:32 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 | Jul 15, 2017 | C | 59,952 | $0.00 | A | 878,529 | D | |
| Class A Common StockF2 | Jul 15, 2017 | F | 31,283 | $159.97 | D | 847,246 | 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 Unit (RSU) (Class B)F3,F4,F5 | — | Jul 15, 2017 | M | 59,952 | D | — | Mar 24, 2021 | Class B Common Stock | 59,952 | 59,953 | D |
| Class B Common StockF5 | — | Jul 15, 2017 | M | 59,952 | A | — | — | Class A Common Stock | 59,952 | 59,952 | D |
| Class B Common StockF5,F6 | — | Jul 15, 2017 | 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 ("RSUs") listed in Table II.
- F2Represents the number of shares of Class A Common Stock that have been withheld by the issuer to satisfy its income tax withholding and remittance obligations in connection with the net settlement of the RSUs and does not represent a sale by the reporting person.
- F3Each RSU represents a contingent right to receive 1 share of the issuer's Class B Common Stock upon settlement.
- F4The RSUs vest as to 1/16th of the total shares quarterly, beginning on January 15, 2014, 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.