SEC Form 4 · accession 0001437749-16-023247
TWITTER, INC. · TWTR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Adam Bain
Officer — Chief Operating Officer
Period of report
Jan 4, 2016
Accepted (ET)
Jan 6, 2016 · 9:10 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,F3 | Jan 4, 2016 | F | 23,865 | $23.14 | D | 465,782 | D | |
| Common StockF3,F4 | holding | — | — | — | 51,243 | I | See footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The shares reported as disposed of were withheld by the Issuer in order to cover withholding taxes in connection with the vesting of restricted stock units, or RSUs. These shares were not issued to or sold by the Reporting Person.
- F2Of the reported shares 283,287 shares are represented by RSUs.
- F3This amount reflects the transfer from The Bain 2013 Grantor Retained Annuity Trust, dated October 22, 2013 to the Reporting Person as an annuity payment.
- F4The shares are held of record by The Bain 2013 Grantor Retained Annuity Trust, dated October 22, 2013 for which the Reporting Person serves as trustee.
Remarks
The Reporting Person's indirect holdings were erroneously stated at 1,000,000 rather than 100,000 on a December 3, 2014 Form 4 filing.