SEC Form 4 · accession 0001127602-17-025979
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
Aug 15, 2017
Accepted (ET)
Aug 17, 2017 · 8:29 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 Stock | Aug 15, 2017 | M | 10,023 | $0.00 | A | 885,562 | D | |
| Class A Common StockF1 | Aug 15, 2017 | F | 5,231 | $170.75 | D | 880,331 | D | |
| Class A Common Stock | Aug 15, 2017 | M | 8,254 | $0.00 | A | 888,585 | D | |
| Class A Common StockF1 | Aug 15, 2017 | F | 4,307 | $170.75 | D | 884,278 | D | |
| Class A Common StockF2 | Aug 15, 2017 | C | 86,584 | $0.00 | A | 970,862 | D | |
| Class A Common StockF1 | Aug 15, 2017 | F | 45,180 | $170.75 | D | 925,682 | D | |
| Class A Common StockF2 | Aug 15, 2017 | C | 34,122 | $0.00 | A | 959,804 | D | |
| Class A Common StockF1 | Aug 15, 2017 | F | 17,805 | $170.75 | D | 941,999 | 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)F3,F4 | — | Aug 15, 2017 | M | 10,023 | D | — | Mar 16, 2024 | Class A Common Stock | 10,023 | 100,225 | D |
| Restricted Stock Units (RSU) (Class A)F3,F5 | — | Aug 15, 2017 | M | 8,254 | D | — | Mar 15, 2025 | Class A Common Stock | 8,254 | 115,562 | D |
| Restricted Stock Unit (RSU) (Class B)F6,F7,F8 | — | Aug 15, 2017 | M | 86,584 | D | — | Aug 25, 2020 | Class B Common Stock | 86,584 | 259,752 | D |
| Class B Common StockF8 | — | Aug 15, 2017 | M | 86,584 | A | — | — | Class A Common Stock | 86,584 | 86,584 | D |
| Class B Common StockF8,F9 | — | Aug 15, 2017 | C | 86,584 | D | — | — | Class A Common Stock | 86,584 | 0 | D |
| Restricted Stock Unit (RSU) (Class B)F6,F10,F8 | — | Aug 15, 2017 | M | 34,122 | D | — | May 2, 2022 | Class B Common Stock | 34,122 | 136,490 | D |
| Class B Common StockF8 | — | Aug 15, 2017 | M | 34,122 | A | — | — | Class A Common Stock | 34,122 | 34,122 | D |
| Class B Common StockF8,F9 | — | Aug 15, 2017 | C | 34,122 | D | — | — | Class A Common Stock | 34,122 | 0 | D |
Explanation of responses
- F1Represents 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.
- F10The RSUs vest as to 1/16th of the total shares quarterly, beginning on November 15, 2014, subject to continued service through each vesting date.
- F2Represents 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.
- F3Each RSU represents a contingent right to receive 1 share of the issuer's Class A Common Stock upon settlement.
- F4The RSUs vest as to 1/16th of the total shares quarterly, beginning on May 15, 2016, subject to continued service through each vesting date.
- F5The RSUs vest as to 1/16th of the total shares quarterly, beginning on May 15, 2017, subject to continued service through each vesting date.
- F6Each RSU represents a contingent right to receive 1 share of the issuer's Class B Common Stock upon settlement.
- F7The RSUs were granted with both (a) a liquidity event-based vesting condition and (b) a service-based vesting condition, both of which conditions must be satisfied in order for the RSUs to vest. The liquidity event-based vesting condition was satisfied on November 17, 2012. The service-based vesting condition was satisfied as to 1/16th of the total number of shares on August 15, 2014, after which 1/16th of the total number of shares vest quarterly, subject to continued service through each vesting date.
- F8The 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.
- F9The holder elected to convert the shares of Class B Common Stock into Class A Common Stock on a 1-for-1 basis.