SEC Form 4 · accession 0001437749-15-001927
TWITTER, INC. · TWTR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard Costolo
Officer — Chief Executive Officer · Director
Period of report
Feb 3, 2015
Accepted (ET)
Feb 5, 2015 · 9:47 pm EST
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 StockF2 | Feb 3, 2015 | M | 125,000 | $0.4283 | A | 943,608 | D | |
| Common StockF3,F2 | Feb 3, 2015 | S | 100,218 | $38.218 | D | 843,390 | D | |
| Common StockF4,F2 | Feb 3, 2015 | S | 24,782 | $38.9054 | D | 818,608 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F5 | $0.4283 | Feb 3, 2015 | M | 125,000 | D | — | Sep 3, 2019 | Common Stock | 125,000 | 3,269,146 | D |
Explanation of responses
- F1The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- F2Of the reported shares 473,412 shares are represented by RSUs.
- F3The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $37.71 to $38.71 per share. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F4The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $38.715 to $39.39 per share. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F5The option was fully vested as of September 1, 2013.