SEC Form 4 · accession 0001209191-16-128672
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
Jun 15, 2016
Accepted (ET)
Jun 17, 2016 · 5:51 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 | Jun 15, 2016 | M | 404,929 | — | A | 489,964 | D | |
| Class A Common StockF2 | Jun 16, 2016 | S | 159,614 | $2.60 | D | 330,350 | 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 Unit (RSU)F1,F3 | — | Jun 15, 2016 | M | 404,929 | D | — | Feb 28, 2023 | Class A Common Stock | 404,929 | 7,693,663 | D |
Explanation of responses
- F1Each RSU represents a contingent right to receive 1 share of the Issuer's Class A Common Stock upon vest.
- F2Represents the number of shares required to be sold to cover the statutory tax withholding obligations in connection with the vesting of the restricted stock units listed in Table II. This sale is mandated by the Issuer's election under its equity incentive plans to require the 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.
- F3The 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.