SEC Form 4 · accession 0001209191-18-010423
Block, Inc. · XYZ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sarah Friar
Officer — Chief Financial Officer
Period of report
Feb 13, 2018
Accepted (ET)
Feb 15, 2018 · 4:34 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 StockF2 | Feb 13, 2018 | C | 38,400 | $0.00 | A | 38,400 | I | See Footnote |
| Class A Common StockF4,F2 | Feb 13, 2018 | S | 6,300 | $40.49 | D | 32,100 | I | See Footnote |
| Class A Common StockF5,F2 | Feb 13, 2018 | S | 7,650 | $41.24 | D | 24,450 | I | See Footnote |
| Class A Common StockF6,F2 | Feb 13, 2018 | S | 5,250 | $42.16 | D | 19,200 | I | See Footnote |
| Class A Common StockF7,F2 | Feb 14, 2018 | S | 14,800 | $41.49 | D | 4,400 | I | See Footnote |
| Class A Common StockF8,F2 | Feb 14, 2018 | S | 4,400 | $42.04 | D | 0 | I | See Footnote |
| Class A Common Stock | holding | — | — | — | 346,649 | 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 StockF2,F9 | — | Feb 13, 2018 | C | 38,400 | D | — | — | Class A Common Stock | 38,400 | 339,516 | I |
| Class B Common StockF10,F9 | — | holding | — | — | — | — | — | Class A Common Stock | 548,453 | 548,453 | I |
Explanation of responses
- F1Represents the conversion of Class B Common Stock into Class A Common Stock held of record by the David Riley and Sarah Friar Revocable Trust dated August 11, 2006 (Revocable Trust) for which the Reporting Person serves as a trustee. The Reporting Person has sole dispositive power and voting control over the shares of the Issuer held by the Revocable Trust.
- F10The shares are held of record by The Sarah Friar 2015 GRAT, dated August 6, 2015, for which the Reporting Person serves as a trustee.
- F2The shares are held of record by the Revocable Trust.
- F3The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Revocable Trust.
- F4The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $39.82 to $40.77 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.
- F5The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $40.83 to $41.81 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.
- F6The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $41.86 to $42.62 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.
- F7The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $40.86 to $41.85 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.
- F8The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $41.87 to $42.48 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.
- F9Each 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.