SEC Form 4 · accession 0001209191-17-046980
Snap Inc · SNAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven Michael Horowitz
Officer — Vice President of Engineering
Period of report
Jul 29, 2017
Accepted (ET)
Aug 1, 2017 · 7:11 pm EDT
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 | Jul 29, 2017 | F | 315,463 | $13.81 | D | 2,490,679 | 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 | Jul 29, 2017 | F | 315,463 | D | — | — | Class B Common Stock | 315,463 | 2,480,645 | 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, and does not represent a sale by the reporting person. The shares were withheld on July 29, 2017, based on a price of $13.81 per share.
- F2The Class B Common Stock has no expiration date.