SEC Form 4 · accession 0001437749-19-002368
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 8, 2019
Accepted (ET)
Feb 12, 2019 · 7:53 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 8, 2019 | A | 68,600 | $0.00 | A | 532,310 | D | |
| Common StockF2 | Feb 8, 2019 | F | 78,960 | $30.80 | D | 453,350 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Of the reported shares, 12,800 shares are represented by performance restricted stock units ("PRSUs") granted on March 12, 2017 and 55,800 shares are represented by PRSUs granted on May 30, 2018, to which the PRSUs have vested based on the Company's achievement of certain performance targets over the last year that were set by the Compensation Committee for the performance period in the first quarters of 2017 and 2018, respectively.
- F2Of the reported shares 100,000 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.