SEC Form 4 · accession 0001209191-16-104193
ZYNGA INC · ZNGA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Frank D Gibeau
Officer — Chief Executive Officer · Director
Period of report
Feb 29, 2016
Accepted (ET)
Mar 1, 2016 · 7:13 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001439404
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Unit (RSU)F1,F2 | — | Feb 29, 2016 | A | 8,098,592 | A | — | Feb 28, 2023 | Class A Common Stock | 8,098,592 | 8,098,592 | D |
| Stock Option (Right to Buy)F4,F3,F5 | — | Feb 29, 2016 | A | 5,000,000 | A | — | Mar 3, 2026 | Class A Common Stock | 5,000,000 | 5,000,000 | D |
Explanation of responses
- F1Each RSU represents a contingent right to receive 1 share of the issuer's Class A Common Stock upon vest.
- F2The RSUs vest as follows: 5% of the RSUs vest on June 15, 2016, and each subsequent 5% of the RSUs vest every three months thereafter until fully vested, subject to continued service to the Issuer through each vesting date.
- F3The exercise price of each stock option is the closing sales price of the Issuer's Class A common stock as quoted on the NASDAQ Stock Market on March 4, 2016.
- F4Pursuant to Mr. Gibeau's offer letter with the Issuer, which was entered into on February 29, 2016, Mr. Gibeau will receive an option to purchase 5,000,000 shares of the Company's Class A common stock. The grant of these options will be effective on March 4, 2016.
- F5The stock options vest as follows: 5% of the stock option vests on June 15, 2016, and each subsequent 5% of the stock option vests every three months thereafter until fully vested, subject to continued service to the Issuer through each vesting date.