SEC Form 4 · accession 0001209191-17-046984
Snap Inc · SNAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Lynton
Director
Period of report
Jul 31, 2017
Accepted (ET)
Aug 1, 2017 · 7:18 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 StockF4,F5 | Jul 31, 2017 | C | 293,340 | $0.00 | A | 484,010 | I | By entity |
| Class A Common StockF1 | holding | — | — | — | 27,550 | I | By Alter Grandchildren Trust | |
| Class A Common StockF2 | holding | — | — | — | 1,060,560 | I | By Lynton Asset LP | |
| Class A Common StockF3 | holding | — | — | — | 128,370 | I | By Lynton Foundation |
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,F6 | — | Jul 31, 2017 | C | 293,340 | D | — | — | Class A Common Stock | 293,340 | 1,216,480 | I |
Explanation of responses
- F1The reporting person is trustee of the Alter Grandchildren Trust. The reporting person disclaims beneficial ownership in these shares except as to the reporting person's pecuniary interest therein.
- F2The reporting person is trustee of the Lynton Asset LP. The reporting person disclaims beneficial ownership in these shares except as to the reporting person's pecuniary interest therein.
- F3The reporting person is trustee of the Lynton Foundation. The reporting person disclaims beneficial ownership in these shares except as to the reporting person's pecuniary interest therein.
- F4Represents the number of shares that were acquired upon conversion of Class B Common Stock into Class A Common Stock at the election of the Reporting Person.
- F5The reporting person has voting and dispositive power over the shares held by the entity. The reporting person disclaims beneficial ownership in these shares except as to the reporting person's pecuniary interest therein.
- F6Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the reporting person or upon the transfer of such share of Class B Common Stock, other than a Permitted Transfer (as defined in the Issuer's certificate of incorporation then in effect). The Class B Common Stock has no expiration date.