SEC Form 4 · accession 0001209191-15-035093
ZYNGA INC · ZNGA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David J. Lee
Officer — CFO and CAO
Period of report
Apr 15, 2015
Accepted (ET)
Apr 17, 2015 · 6:02 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001439404
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | Apr 15, 2014 | M | 60,000 | — | A | 60,000 | D | |
| Class A Common StockF2 | Apr 16, 2014 | S | 22,716 | $2.45 | D | 37,284 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1,F3 | — | Apr 15, 2015 | M | 60,000 | A | — | Apr 15, 2021 | Class A Common Stock | 60,000 | 340,000 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one (1) share of the issuer's Class A common stock upon vest.
- F2Represents the number of shares sold to cover the statutory tax withholding obligations in connection with the vesting of the restricted stock units (the "RSUs") listed in Table II. This sale is mandated by the Issuer's election under its equity incentive plans to require satisfaction of minimum statutory tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary sale by the reporting person.
- F315% of the RSUs will vest on the first anniversary of 4/15/2014 (the "Vesting Commencement Date"), 20% of the RSUs will vest on the two-year anniversary of the Vesting Commencement Date, 25% of the RSUs will vest on the three-year anniversary of the Vesting Commencement Date, and 40% of the RSUs will vest on the four-year anniversary of the Vesting Commencement Date, in each case subject to continued service to the Issuer through each vesting date.