SEC Form 4 · accession 0001437749-16-025325
TWITTER, INC. · TWTR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Vijaya Gadde
Officer — General Counsel
Period of report
Feb 10, 2016
Accepted (ET)
Feb 12, 2016 · 8:04 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 StockF1,F2 | Feb 10, 2016 | A | 600,000 | $0.00 | A | 1,242,328 | D | |
| Common StockF3,F4 | Feb 10, 2016 | A | 20,000 | $0.00 | A | 1,262,328 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Of the reported shares, 600,000 shares are represented by restricted stock units (RSUs) granted on February 10, 2016, pursuant to which 25% of 280,000 RSUs will vest on May 1, 2016, and then 12.5% quarterly thereafter for the remaining 7 quarters, 25% of 200,000 RSUs will vest on February 1, 2018, and then quarterly thereafter for the remaining 3 quarters, 25% of 120,000 RSUs will vest on February 1, 2019, and then quarterly thereafter for the remaining 3 quarters.
- F2Of the reported shares 1,083,376 shares are represented by RSUs.
- F3Of the reported shares, 20,000 shares are represented by performance RSUs granted on February 10, 2016, pursuant to which the performance RSUs will be eligible to vest based on the Company's achievement of certain performance targets over the next year, with the Board of Directors or Compensation Committee setting the performance targets for the performance period in the first quarter of 2016 and in the first quarter of 2017 determining achievement against those performance targets.
- F4Of the reported shares 1,103,376 shares are represented by RSUs.