SEC Form 4 · accession 0001209191-16-124144
TWITTER, INC. · TWTR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter H Fenton
Director
Period of report
May 25, 2016
Accepted (ET)
May 27, 2016 · 6:13 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001418091
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 25, 2016 | A | 21,165 | $0.00 | A | 21,165 | D | |
| Common StockF2 | holding | — | — | — | 2,517,831 | I | See footnote | |
| Common StockF3 | holding | — | — | — | 1,196,318 | I | See footnote | |
| Common Stock | holding | — | — | — | 15,329 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1All of the reported shares are represented by RSUs granted on May 25, 2016 pursuant to the Issuer's Outside Director Compensation Policy. These RSUs will vest in quarterly installments beginning the first quarter following the date of grant, but will vest in full on the date of the next Annual Meeting of Stockholders if not fully vested on such date.
- F2Shares held of record by Benchmark Capital Partners VI, L.P. ("BCP VI"), as nominee for BCP VI, Benchmark Founders' Fund VI, L.P. ("BFF VI"), Benchmark Founders' Fund VI-B, L.P. ("BFF IV-B") and related persons. Benchmark Capital Management Co. VI, L.L.C. ("BCMC VI"), the general partner of each of BCP VI, BFF VI and BFF VI-B, may be deemed to have sole voting and investment power over such shares.
- F3Shares are owned directly by the Fenton Family Trust.
Remarks
Peter Fenton is a managing member of BCMC VI, which serves as general partner to BCP VI, BFF VI and BFF VI-B, and may be deemed to share voting and investment power over the shares beneficially held by such entities. Such person and such entities disclaim the existence of a "group" and disclaim beneficial ownership of any securities (except to the extent of such person's or entity's pecuniary interest in such securities).