SEC Form 4 · accession 0001127602-17-032511
Meta Platforms, Inc. · META
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sheryl Sandberg
Officer — Chief Operating Officer · Director
Period of report
Nov 15, 2017
Accepted (ET)
Nov 16, 2017 · 8:12 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,F2 | Nov 15, 2017 | C | 43,193 | $0.00 | A | 1,456,661 | I | By Sheryl K. Sandberg, Trustee of Sheryl K. Sandberg Revocable Trust UTA dated September 3, 2004 |
| Class A Common StockF3,F2 | Nov 15, 2017 | F | 22,539 | $178.07 | D | 1,434,122 | I | By Sheryl K. Sandberg, Trustee of Sheryl K. Sandberg Revocable Trust UTA dated September 3, 2004 |
| Class A Common StockF2 | Nov 15, 2017 | M | 13,029 | $0.00 | A | 1,447,151 | I | By Sheryl K. Sandberg, Trustee of Sheryl K. Sandberg Revocable Trust UTA dated September 3, 2004 |
| Class A Common StockF3,F2 | Nov 15, 2017 | F | 6,799 | $178.07 | D | 1,440,352 | I | By Sheryl K. Sandberg, Trustee of Sheryl K. Sandberg Revocable Trust UTA dated September 3, 2004 |
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)F4,F5,F6 | — | Nov 15, 2017 | M | 43,193 | D | — | May 2, 2022 | Class B Common Stock | 43,193 | 0 | D |
| Class B Common StockF6 | — | Nov 15, 2017 | M | 43,193 | A | — | — | Class A Common Stock | 43,193 | 43,193 | D |
| Class B Common StockF6,F7 | — | Nov 15, 2017 | C | 43,193 | D | — | — | Class A Common Stock | 43,193 | 0 | D |
| Restricted Stock Units (RSU) (Class A)F8,F9 | — | Nov 15, 2017 | M | 13,029 | D | — | Mar 16, 2024 | Class A Common Stock | 13,029 | 117,265 | 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.
- F2Shares held of record by Sheryl K. Sandberg, Trustee of Sheryl K. Sandberg Revocable Trust UTA dated September 3, 2004.
- F3Represents 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.
- F4Each RSU represents a contingent right to receive 1 share of the issuer's Class B Common Stock upon settlement.
- F5The RSUs vest as to 1/16th of the total shares quarterly, beginning on February 15, 2014, subject to continued service through each vesting date.
- F6The 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.
- F7The holder elected to convert the shares of Class B Common Stock into Class A Common Stock on a 1-for-1 basis.
- F8Each RSU represents a contingent right to receive 1 share of the issuer's Class A Common Stock upon settlement.
- F9The RSUs vest as to 1/16th of the total shares quarterly, beginning on May 15, 2016, subject to continued service through each vesting date.