SEC Form 4 · accession 0001209191-17-052173
Snap Inc · SNAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael J. O'Sullivan
Officer — General Counsel
Period of report
Sep 8, 2017
Accepted (ET)
Sep 8, 2017 · 9:33 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 | Sep 8, 2017 | A | 1,065,385 | $0.00 | A | 1,065,385 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares issuable on settlement of restricted stock units ("RSUs") granted to the reporting person. Each RSU represents a contingent right to receive one share of Issuer's Class A Common Stock. 10% of the RSUs will have the service-based requirement satisfied in equal quarterly installments during the first 12 months of continuous service from August 15, 2017; 20% of the RSUs will have the service-based requirement satisfied in equal quarterly installments during the second 12-month period of reporting person's continuous service; 30% of the RSUs will have the service-based requirement satisfied in equal quarterly installments during the third 12-month period of reporting person's continuous service; and 40% of the RSUs will have the service-based requirement satisfied in equal quarterly installments during the fourth 12-month period of reporting person's continuous service.