SEC Form 4 · accession 0001209191-18-026720
Block, Inc. · XYZ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ajmere Dale
Officer — Chief Accounting Officer
Period of report
Apr 25, 2018
Accepted (ET)
Apr 27, 2018 · 7:00 pm EDT
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 StockF1,F2 | Apr 25, 2018 | A | 954 | $0.00 | A | 102,032 | D | |
| Class A Common StockF1,F3 | Apr 25, 2018 | A | 3,244 | $0.00 | A | 105,276 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Each share is represented by a restricted stock unit (RSU). Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement.
- F26.25% of the RSUs vest on July 1, 2018, and 6.25% of the RSUs vest every three months thereafter.
- F32.5% of the RSUs will vest on July 1, 2018 and each three month anniversary thereafter through April 1, 2019, and 7.5% of the RSUs will vest on July 1, 2019 and each three month anniversary thereafter through April 1, 2022.