SEC Form 4 · accession 0001209191-18-057254
Block, Inc. · XYZ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sivan Whiteley
Officer — Gen. Counsel & Corp. Secretary
Period of report
Nov 1, 2018
Accepted (ET)
Nov 5, 2018 · 5:28 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 StockF1 | Nov 1, 2018 | F | 350 | $76.74 | D | 121,708 | D | |
| Class A Common Stock | Nov 2, 2018 | C | 1,875 | $0.00 | A | 123,583 | D | |
| Class A Common StockF4 | Nov 2, 2018 | S | 1,102 | $77.24 | D | 122,481 | D | |
| Class A Common StockF5 | Nov 2, 2018 | S | 673 | $78.21 | D | 121,808 | D | |
| Class A Common Stock | Nov 2, 2018 | S | 100 | $79.37 | D | 121,708 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F6,F7 | $13.94 | Nov 2, 2018 | M | 1,875 | D | — | Jun 16, 2025 | Class B Common Stock | 1,875 | 13,125 | D |
| Class B Common StockF7 | — | Nov 2, 2018 | M | 1,875 | A | — | — | Class A Common Stock | 1,875 | 1,875 | D |
| Class B Common StockF7 | — | Nov 2, 2018 | C | 1,875 | D | — | — | Class A Common Stock | 1,875 | 0 | D |
Explanation of responses
- F1Represents shares that have been withheld by the Issuer to satisfy its income tax and withholding and remittance obligations in connection with the net settlement of restricted stock units and does not represent a sale by the Reporting Person.
- F2Represents the conversion of Class B Common Stock into Class A Common Stock held of record by the Reporting Person.
- F3The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
- F4The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $76.77 to $77.72 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 $77.79 to $78.74 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.
- F625% of the shares subject to the option vested on June 1, 2016, and 1/48 of the shares vest monthly thereafter.
- F7Each 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.