SEC Form 4 · accession 0001209191-16-149178
Block, Inc. · XYZ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Morgan McKelvey Jr.
Director · 10% Owner
Period of report
Nov 7, 2016
Accepted (ET)
Nov 9, 2016 · 8:04 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001512673
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Nov 7, 2016 | C | 400,000 | $0.00 | A | 494,997 | D | |
| Class A Common StockF3 | Nov 7, 2016 | S | 400,000 | $12.27 | D | 94,997 | D | |
| Class A Common Stock | Nov 7, 2016 | C | 818,330 | $0.00 | A | 913,327 | D | |
| Class A Common Stock | Nov 7, 2016 | G | 818,330 | $0.00 | D | 94,997 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Class B Common StockF4 | — | Nov 7, 2016 | C | 400,000 | D | — | — | Class A Common Stock | 400,000 | 3,669,024 | D |
| Class B Common StockF4 | — | Nov 7, 2016 | C | 818,330 | D | — | — | Class A Common Stock | 818,330 | 2,850,694 | D |
| Class B Common StockF4,F5 | — | holding | — | — | — | — | — | Class A Common Stock | 21,876,096 | 21,876,096 | I |
Explanation of responses
- F1Represents the conversion of Class B Common Stock into Class A Common Stock held of record by the Reporting Person.
- F2The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- F3The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $12.02 to $12.41 per share. 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.
- F4Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date.
- F5The shares are held of record by the James McKelvey, Jr. Revocable Trust dated July 2, 2014, for which the Reporting Person serves as a trustee.