SEC Form 4 · accession 0001437749-18-002625
TWITTER, INC. · TWTR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Omid Kordestani
Officer — Executive Chairman · Director
Period of report
Feb 11, 2018
Accepted (ET)
Feb 14, 2018 · 8:30 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 11, 2018 | A | 87,000 | $0.00 | A | 551,886 | D | |
| Common StockF3 | Feb 12, 2018 | F | 88,176 | $31.51 | D | 463,710 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents the vesting of shares underlying performance restricted stock units (RSUs), earned by the Reporting Person upon achievement of certain performance criteria set by the Issuer's Compensation Committee for fiscal year 2017. The shares underlying the performance RSUs were originally reported at 100% of target. Pursuant to the performance targets set by the Compensation Committee, the Reporting Person was eligible to earn more or less than the target number, depending upon the achievement, if any, of the performance targets set by the Committee.
- F2Of the reported shares 200,000 shares are represented by RSUs.
- F3The 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.