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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted Stock Unit (RSU) | (6) | 06/15/2014 | M | 18,750 | (7) | 08/25/2019 | Class B Common Stock (8) | 18,750 | $ 0 | 18,750 | D | ||||
Class B Common Stock (8) | (8) | 06/15/2014 | M | 18,750 | (8) | (8) | Class A Common Stock | 18,750 | $ 0 | 18,750 | D | ||||
Class B Common Stock (8) | (8) | 06/15/2014 | C | 18,750 (9) | (8) | (8) | Class A Common Stock | 18,750 | $ 0 | 0 | D | ||||
Stock Option (Right to Buy Class B Common Stock) | $ 1.85 | 06/17/2014 | M | 20,000 | (10) | 01/11/2019 | Class B Common Stock (8) | 20,000 | $ 0 | 1,372,805 | D | ||||
Class B Common Stock (8) | (8) | 06/17/2014 | M | 20,000 | (8) | (8) | Class A Common Stock | 20,000 | $ 0 | 20,000 | D | ||||
Class B Common Stock (8) | (8) | 06/17/2014 | C | 20,000 (9) | (8) | (8) | Class A Common Stock | 20,000 | $ 0 | 0 | D | ||||
Stock Option (Right to Buy Class B Common Stock) | $ 1.85 | (11) | 01/11/2019 | Class B Common Stock (8) | 63,940 | 63,940 | I | By The Clover Irrevocable Nonexempt Trust (12) |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Schroepfer Michael Todd C/O FACEBOOK, INC. 1601 WILLOW ROAD MENLO PARK, CA 94025 |
Chief Technology Officer |
/s/ Michael Johnson as attorney-in-fact for Michael T. Schroepfer | 06/17/2014 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Represents the number of shares that were acquired upon conversion of Class B Common Stock to Class A Common Stock in connection with the settlement of the restricted stock units (the "RSUs") listed in Table II. |
(2) | Represents the number of shares required to be sold by the reporting person to cover tax withholding obligations in connection with the vesting of the RSUs listed in Table II. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the reporting person. |
(3) | The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $63.7725 to $64.22 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 (3). |
(4) | Represents the number of shares that were acquired upon conversion of Class B Common Stock to Class A Common Stock in connection with the exercise of vested stock options. |
(5) | The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person. |
(6) | Each RSU represents a contingent right to receive 1 share of the issuer's Class B Common Stock upon settlement. |
(7) | The RSUs were granted with both (a) a liquidity event-based vesting condition and (b) a service-based vesting condition, both of which conditions must be satisfied in order for the RSUs to vest. The liquidity event-based vesting condition was satisfied on November 17, 2012. The service-based vesting condition was satisfied as to 1/5th of the total number of shares on July 15, 2010 and then 1/60th of the total number of shares vest monthly thereafter, subject to continued service through each vesting date. |
(8) | The Class B Common Stock is convertible into the issuer's Class A Common Stock on a 1-for-1 basis (a) at the holder's option or (b) upon certain transfers of such shares, and has no expiration date. |
(9) | The holder elected to convert the shares of Class B Common Stock into Class A Common Stock on a 1-for-1 basis. |
(10) | The option was 100% vested on August 13, 2013. In connection with certain estate planning transfers, options to purchase an aggregate of 800,000 vested shares are held by Michael T. Schroepfer, Trustee of the Michael T. Schroepfer Annuity Trust u/a/d 6/27/11, Erin Hoffmann, Trustee of the Erin Hoffmann Annuity Trust u/a/d 6/27/11 and Michael Schroepfer and Erin Hoffmann, Co-Trustees of the HS Trust u/a/d 9/28/11. |
(11) | The option was 100% vested on August 13, 2013. |
(12) | Shares held of record by Michael T. Schroepfer and Erin Hoffmann, Co-Trustees of The Clover Irrevocable Nonexempt Trust u/a/d 6/27/11. |