SEC Form 4 · accession 0001209191-18-034882
Snap Inc · SNAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy R Stone
Officer — Chief Financial Officer
Period of report
May 31, 2018
Accepted (ET)
Jun 1, 2018 · 8:18 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 StockF1,F2 | May 31, 2018 | A | 1,259,336 | $0.00 | A | 1,259,336 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option (right to buy)F3 | $11.45 | May 31, 2018 | A | 500,000 | A | — | May 30, 2028 | Class A Common Stock | 500,000 | 500,000 | D |
Explanation of responses
- F1Includes 1,196,369 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. 1/48th of the RSUs shall vest after the reporting person completes each month of continuous service from June 15, 2018. If the reporting person dies while in continuous service, 100% of the RSUs will be deemed fully vested immediately.
- F2Includes 62,967 shares issuable on settlement of RSUs granted to the reporting person. Each RSU represents a contingent right to receive one share of Issuer's Class A Common Stock. 100% of the RSUs shall vest after the reporting person completes six months of continuous service from June 15, 2018. If the reporting person dies while in continuous service, 100% of the RSUs will be deemed fully vested immediately.
- F3The shares subject to the option will vest in 48 successive equal monthly installments upon the reporting person's completion of each month of continuous service from June 15, 2018. If the reporting person dies while in continuous service, 100% of the shares subject to the option will be deemed fully vested immediately.