SEC Form 4 · accession 0001209191-18-047680
Snap Inc · SNAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Imran Khan
Officer — Chief Strategy Officer
Period of report
Aug 16, 2018
Accepted (ET)
Aug 20, 2018 · 6:46 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 | Aug 16, 2018 | C | 229,817 | $0.00 | A | 8,982,508 | D | |
| Class A Common StockF2,F3 | Aug 16, 2018 | S | 534,070 | $12.428 | D | 8,448,438 | D | |
| Class A Common Stock | Aug 17, 2018 | C | 243,139 | $0.00 | A | 8,691,577 | 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 | Aug 16, 2018 | C | 229,817 | D | — | — | Class A Common Stock | 229,817 | 1,189,052 | D |
| Class B Common StockF4,F5 | $0.00 | Aug 17, 2018 | C | 243,139 | D | — | — | Class A Common Stock | 243,139 | 945,913 | 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.
- F2Represents the sale of shares to cover tax withholding obligations in connection with the settlement and release of restricted stock units ("RSUs") granted by the issuer to 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 $12.31 to $12.55 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.
- F4As reported on a Form 3 filed on March 1, 2017, the reporting person was granted 4,729,562 RSUs, of which 10% vested on January 16, 2016; 20% vested in equal quarterly installments during the second 12-month period of the reporting person's continuous service; 30% vested in equal quarterly installments during the third 12-month period of the reporting person's continuous service; and 40% will vest in equal quarterly installments during the fourth 12-month period of the reporting person's continuous service.
- F5The Class B Common Stock has no expiration date.