SEC Form 4 · accession 0001209191-16-137651
ZYNGA INC · ZNGA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Devang Shah
Officer — General Counsel, Sec. and VP
Period of report
Aug 15, 2016
Accepted (ET)
Aug 17, 2016 · 7:12 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 | Aug 15, 2016 | M | 15,000 | — | A | 52,356 | D | |
| Class A Common StockF2,F3 | Aug 16, 2016 | S | 5,838 | $2.6405 | D | 46,518 | D | |
| Class A Common Stock | Aug 17, 2016 | S | 6,413 | $2.64 | D | 40,105 | 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,F5 | — | Aug 15, 2016 | M | 9,375 | D | — | Feb 15, 2020 | Class A Common Stock | 9,375 | 9,375 | D |
| Restricted Stock UnitF1,F6 | — | Aug 15, 2016 | M | 3,125 | D | — | Apr 14, 2020 | Class A Common Stock | 3,125 | 6,250 | D |
| Restricted Stock UnitF1,F7 | — | Aug 15, 2016 | M | 2,500 | D | — | Nov 15, 2020 | Class A Common Stock | 2,500 | 10,000 | D |
Explanation of responses
- F1Each restricted stock unit 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 reported price in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.6405 to $2.5406 per share, inclusive. 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 (3).
- F4The transaction was effected pursuant to a Rule 10b5-1 plan.
- F5Vests as follows: 25% of the total shares underlying the restricted stock unit vested on November 15, 2013. The remaining shares vest, in equal quarterly installments of 1/16th of the grant amount thereafter, subject to continued service to the Issuer through each vesting date.
- F6Vests as follows: 25% of the total shares underlying the restricted stock unit vested on February 15, 2014. The remaining shares vest, in equal quarterly installments of 1/16th of the grant amount thereafter, subject to continued service to the Issuer through each vesting date.
- F7Vests as follows: 25% of the total shares underlying the restricted stock unit vested on August 15, 2014. The remaining shares vest, in equal quarterly installments of 1/16th of the grant amount thereafter, subject to continued service to the Issuer through each vesting date.