SEC Form 4 · accession 0001209191-18-009032
Snap Inc · SNAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew Vollero
Officer — Chief Financial Officer
Period of report
Feb 7, 2018
Accepted (ET)
Feb 9, 2018 · 9:33 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,F2,F3 | Feb 17, 2018 | S | 47,391 | $17.00 | D | 1,656,806 | D | |
| Class A Common StockF1,F4,F2,F3 | Feb 17, 2018 | S | 47,390 | $20.0177 | D | 1,609,416 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- F2As reported on a Form 3 filed on March 1, 2017, the reporting person was granted 1,692,710 RSUs, of which 10% vested on August 31, 2016; 20% vested on August 31, 2017; 30% will vest in equal quarterly installments during the third 12-month period of reporting person's continuous service; and 40% will vest in equal quarterly installments during the fourth 12-month period of reporting person's continuous service.
- F3As reported on a Form 3 filed on March 1, 2017, the reporting person was granted 612,746 RSUs, of which 10% vested on January 1, 2018; 20% will vest in equal quarterly installments during the second 12-month period of reporting person's continuous service; 30% will vest in equal quarterly installments during the third 12-month period of reporting person's continuous service; and 40% will vest in equal quarterly installments during the fourth 12-month period of reporting person's continuous service.
- F4The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.00 to $20.04 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.