SEC Form 4 · accession 0001209191-18-009010
Snap Inc · SNAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mitchell Lasky
Director
Period of report
Feb 7, 2018
Accepted (ET)
Feb 9, 2018 · 7:13 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 | Feb 7, 2018 | C | 990,876 | $0.00 | A | 2,569,104 | I | See Footnote |
| Class A Common StockF2 | Feb 7, 2018 | C | 22,541 | $0.00 | A | 65,919 | I | See Footnote |
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,F3 | — | Feb 7, 2018 | C | 990,876 | D | — | — | Class A Common Stock | 990,876 | 0 | I |
| Class B Common StockF2,F3 | — | Feb 7, 2018 | C | 22,541 | D | — | — | Class A Common Stock | 22,541 | 0 | I |
| Class B Common StockF4,F3 | — | holding | — | — | — | — | — | Class A Common Stock | 41,999,440 | 41,999,440 | I |
Explanation of responses
- F1Shares are held by the Lasky-Barajas Living Trust.
- F2Shares are held by Lasky Family Investments.
- F3Each 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.
- F4Shares are held by Benchmark Capital Partners VII, L.P. ("BCP VII"), as nominee for BCP VII, Benchmark Founders' Fund VII, L.P. ("BFF VII"), Benchmark Founders' Fund VII-B, L.P. ("BFF VII-B") and related persons. Benchmark Capital Management Co. VII, L.L.C. ("BCMC VII"), the general partner of each of BCP VII, BFF VII and BFF VII-B, may be deemed to have sole voting and investment power over these shares. Matthew R. Cohler, Bruce W. Dunlevie, Peter H. Fenton, J. William Gurley, Kevin R. Harvey, Mitchell H. Lasky, Steven M. Spurlock and Eric Vishria, the managing members of BCMC VII, may be deemed to have shared voting and investment power over these shares beneficially held by such entities. Each such person and entity disclaims the existence of a "group" and disclaims beneficial ownership of any securities (except to the extent of such person's or entity's pecuniary interest in such securities).