SEC Form 4 · accession 0001437749-16-025326

TWITTER, INC. · TWTR

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Chief Operating Officer

Period of report

Feb 10, 2016

Accepted (ET)

Feb 12, 2016 · 8:05 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 Stock^F1,F2	Feb 10, 2016	A	1,850,000	$0.00	A	2,315,782	D
Common Stock^F3,F4	Feb 10, 2016	A	40,000	$0.00	A	2,355,782	D
Common Stock^F5	holding	—	—		—	51,243	I	See footnote

No Table II lines on this filing.

F1Of the reported shares, 1,850,000 shares are represented by restricted stock units (RSUs) granted on February 10, 2016, pursuant to which 25% of 1,055,000 RSUs will vest on May 1, 2016, and then 12.5% quarterly thereafter for the remaining 7 quarters, 25% of 465,000 RSUs will vest on February 1, 2018, and then quarterly thereafter for the remaining 3 quarters, 25% of 330,000 RSUs will vest on February 1, 2019, and then quarterly thereafter for the remaining 3 quarters.
F2Of the reported shares 2,133,287 shares are represented by RSUs.
F3Of the reported shares, 40,000 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 2,173,287 shares are represented by RSUs.
F5The shares are held of record by The Bain 2013 Irrevocable Trust DTD 10/22/2013 for which the Reporting Person serves as trustee.