SEC Form 4 · accession 0001437749-16-032983
TWITTER, INC. · TWTR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jack Dorsey
Officer — Chief Executive Officer · Director
Period of report
May 25, 2016
Accepted (ET)
May 27, 2016 · 7:54 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,F2 | May 25, 2016 | D | 6,814,085 | $0.00 | D | 15,042,428 | I | See footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The reported shares were contributed to the Issuer to fund the Twitter, Inc. 2016 Equity Incentive Plan, which was approved by shareholders on May 25, 2016, without any cost or charge, pursuant to a Contribution Agreement dated as of October 22, 2015, by and between the Issuer and the Jack Dorsey Revocable Trust dated December 8, 2010, which was made available to stockholders on a Current Report on Form 8-K filed on October 23, 2015.
- F210,694,112 shares are held of record by the Jack Dorsey Revocable Trust dated December 8, 2010, for which the Reporting Person serves as trustee, 2,348,316 shares are held of record by the Jack Dorsey 2010 Annuity Trust, for which the Reporting Person serves as trustee and 2,000,000 shares are held of record by the Jack Dorsey 2014 Annuity Trust UAD 8/18/2014, for which the Reporting Person serves as trustee.