SEC Form 4 · accession 0001127602-18-018008
Meta Platforms, Inc. · META
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David M. Wehner
Officer — Chief Financial Officer
Period of report
May 15, 2018
Accepted (ET)
May 17, 2018 · 8:56 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 | May 15, 2018 | M | 10,022 | $0.00 | A | 82,534 | D | |
| Class A Common StockF1 | May 15, 2018 | F | 4,969 | $186.64 | D | 77,565 | D | |
| Class A Common Stock | May 15, 2018 | M | 9,905 | $0.00 | A | 87,470 | D | |
| Class A Common StockF1 | May 15, 2018 | F | 4,911 | $186.64 | D | 82,559 | D | |
| Class A Common Stock | May 15, 2018 | M | 8,433 | $0.00 | A | 90,992 | D | |
| Class A Common StockF1 | May 15, 2018 | F | 4,182 | $186.64 | D | 86,810 | D | |
| Class A Common Stock | May 15, 2018 | M | 9,426 | $0.00 | A | 96,236 | D | |
| Class A Common StockF1 | May 15, 2018 | F | 4,674 | $186.64 | D | 91,562 | D | |
| Class A Common Stock | May 16, 2018 | S | 9,522 | $183.61 | D | 82,040 | 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 | — | May 15, 2018 | M | 10,022 | D | — | Mar 16, 2024 | Class A Common Stock | 10,022 | 70,158 | D |
| Restricted Stock Units (RSU) (Class A)F3,F5 | — | May 15, 2018 | M | 9,905 | D | — | Mar 15, 2025 | Class A Common Stock | 9,905 | 69,335 | D |
| Restricted Stock Units (RSU) (Class A)F3,F6 | — | May 15, 2018 | M | 8,433 | D | — | Mar 14, 2026 | Class A Common Stock | 8,433 | 84,325 | D |
| Restricted Stock Units (RSU) (Class A)F3,F7 | — | May 15, 2018 | M | 9,426 | D | — | Mar 14, 2027 | Class A Common Stock | 9,426 | 103,689 | 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 Restricted Stock Units ("RSUs") listed in Table II and does not represent a sale by the reporting person.
- F2The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the holder.
- 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 on May 15, 2016 and then an additional 1/16th of the total shares vest quarterly thereafer, subject to continued service through each vesting date.
- F5The RSUs vest as to 1/5th of the total shares on February 15, 2016, after which 1/20th of the total shares vest quarterly, subject to continued service through each vesting date.
- F6The RSUs shall vest quarterly as to 1/16th of the total shares, commencing the first quarter following November 15, 2016, subject to continued service through each vesting date.
- F7The RSUs shall vest quarterly as to 1/16th of the total shares, commencing the first quarter following February 15, 2017, subject to continued service through each vesting date.