SEC Form 4 · accession 0001209191-17-059342
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
Nov 2, 2017
Accepted (ET)
Nov 3, 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 Stock | Nov 2, 2017 | C | 50,623 | $0.00 | A | 2,490,678 | D | |
| Class A Common StockF2,F3,F4 | Nov 2, 2017 | S | 101,246 | $14.6026 | D | 2,389,432 | 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 StockF4,F5 | $0.00 | Nov 2, 2017 | C | 50,623 | D | — | — | Class A Common Stock | 50,623 | 2,379,398 | D |
Explanation of responses
- F1Represents shares of Class B Common Stock converted into shares of Class A Common Stock at the option of the reporting person.
- F2The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- F3The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.41 to $14.84 per share, inclusive. 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.
- F4On August 18, 2017, the reporting person filed a Form 4 which reported the disposition of 50,624 shares of the Issuer's Class A Common Stock. Prior to the disposition, the reporting person converted 25,312 shares of Class B Common Stock into 25,312 shares of Class A Common Stock. In addition, on August 25, 2017, the reporting person filed a Form 4 which reported the disposition of 50,624 shares of the Issuer's Class A Common Stock. Prior to the disposition, the reporting person converted 25,312 shares of Class B Common Stock into 25,312 shares of Class A Common Stock. This Form 4 corrects the amount of securities beneficially owned by the reporting person following the reported transactions.
- F5The Class B Common Stock has no expiration date.