SEC Form 4 · accession 0001437749-16-033556
TWITTER, INC. · TWTR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert Kaiden
Officer — Chief Accounting Officer
Period of report
May 25, 2016
Accepted (ET)
Jun 8, 2016 · 8:14 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 | A | 4,500 | $0.00 | A | 229,731 | I | See footnote |
| Common StockF4,F5 | Jun 6, 2016 | S | 20,231 | $15.3252 | D | 209,500 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Of the reported shares, 209,500 shares are represented by RSUs of which 4,500 RSUs were granted on May 25, 2016 ("May RSUs"), pursuant to which 50% of the shares subject to the May RSUs shall vest on August 1, 2016 and the balance of the shares subject to the May RSUs will vest on November 1, 2016.
- F220,231 shares are held of record by the Kaiden Family Trust Agreement, for which the Reporting Person serves as trustee.
- F3The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- F4The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $15.21 to $15.44 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.
- F5Of the reported shares 209,500 shares are represented by RSUs.