SEC Form 4 · accession 0001209191-16-142093
ZYNGA INC · ZNGA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michelle Quejado
Officer — Interim CFO and CAO
Period of report
Sep 15, 2016
Accepted (ET)
Sep 19, 2016 · 9:18 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,F2 | Sep 15, 2016 | M | 15,625 | — | A | 91,512 | D | |
| Class A Common StockF3,F2 | Sep 16, 2016 | S | 5,981 | $2.89 | D | 85,531 | 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,F4 | — | Sep 15, 2016 | M | 15,625 | D | — | Apr 23, 2022 | Class A Common Stock | 15,625 | 156,250 | 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.
- F2Includes 5,000 shares acquired under the Zynga Inc. Employee Stock Purchase Plan on August 15, 2016.
- F3Represents 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.
- F4Vests as follows: 25% of the restricted stock units vested on March 15, 2016, and 1/16th of the restricted stock units vest quarterly thereafter, subject to continued service to the Issuer through each vesting date.