SEC Form 4 · accession 0001437749-19-002370
TWITTER, INC. · TWTR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ned D. Segal
Officer — CFO
Period of report
Feb 8, 2019
Accepted (ET)
Feb 12, 2019 · 7:54 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 | 79,735 | $0.00 | A | 795,868 | D | |
| Common StockF2 | Feb 8, 2019 | F | 34,795 | $30.80 | D | 761,073 | D | |
| Common StockF5,F2 | Feb 12, 2019 | S | 6,000 | $30.383 | D | 755,073 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Of the reported shares, 15,400 shares are represented by performance restricted stock units ("PRSUs") granted on August 25, 2017 and 64,335 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 564,857 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.
- F4The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- F5The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $30.255 to $30.55 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.