SEC Form 4 · accession 0001209191-17-018097
Snap Inc · SNAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher T. Handman
Officer — General Counsel
Period of report
Mar 1, 2017
Accepted (ET)
Mar 3, 2017 · 9:30 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001564408
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | Mar 1, 2017 | F | 594,070 | $17.00 | D | 1,475,930 | 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 StockF1,F2 | $0.00 | Mar 1, 2017 | F | 585,642 | D | — | — | Class B Common Stock | 585,642 | 1,484,358 | D |
Explanation of responses
- F1Represents shares that have been withheld by the issuer to satisfy its income tax withholding and remittance obligations in connection with the vesting and net settlement of restricted stock units ("RSUs"), previously reported on a Form 3 filed on March 1, 2017, and does not represent a sale by the reporting person. The shares were withheld upon the effectiveness, on March 1, 2017, of the issuer's registration statement on Form S-1 (File No. 333-215866) under the Securities Act of 1933, as amended, for the initial public offering of its Class A Common Stock, based on a price of $17.00 per share, which represented the initial public offering price of the issuer's Class A Common Stock.
- F2The Class B Common Stock has no expiration date.