Filing Details

Accession Number:
0001181431-14-035708
Form Type:
4
Zero Holdings:
No
Publication Time:
2014-11-05 21:29:29
Reporting Period:
2014-11-03
Filing Date:
2014-11-05
Accepted Time:
2014-11-05 21:29:29
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1418091 Twitter Inc. TWTR Services-Computer Programming, Data Processing, Etc. (7370) 208913779
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1623646 Kevin Weil 1355 Market Street, Suite 900
San Francisco CA 94103
Vice President Of Product No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2014-11-03 18,170 $40.30 684,291 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Employee Stock Option (right to buy) $0.20 2019-07-06 16,000 16,000 Direct
Common Stock Employee Stock Option (right to buy) $0.85 2020-07-15 20,000 20,000 Direct
Common Stock Employee Stock Option (right to buy) $2.28 2021-01-25 118,238 118,238 Direct
Common Stock Employee Stock Option (right to buy) $2.28 2021-01-25 540 540 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2019-07-06 16,000 16,000 Direct
2020-07-15 20,000 20,000 Direct
2021-01-25 118,238 118,238 Direct
2021-01-25 540 540 Direct
Footnotes
  1. Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs. 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.
  2. The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $40.17 to $40.53 per share. 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. Of the reported shares, 634,625 shares are represented by restricted stock units (RSUs) of which (1) 78,125 shares subject to the RSUs vest quarterly beginning on December 1, 2014 , (2) an additional 384,000 shares subject to the RSUs vest quarterly beginning on November 1, 2014, (3) an additional 112,500 shares subject to the RSUs vest quarterly beginning on November 1, 2014 and (4) an additional 60,000 shares subject to the RSUs vest quarterly beginning on October 1, 2017.
  4. An option to purchase 315,000 shares was granted on July 7, 2009 and was exercised in part prior to the date on which the Reporting Person became subject to Section 16. The remaining shares subject to the option are fully vested and exercisable.
  5. This option to purchase 20,000 shares was granted on July 16, 2010. The shares subject to the option are fully vested and exercisable.
  6. An option to purchase 118,238 shares was granted on January 26, 2011. One-fourth of the shares subject to the option vested on January 1, 2012 and 1/48th of the shares have vested and will vest monthly thereafter.
  7. An option to purchase 41,762 shares was granted on January 26, 2011 and was exercised in part prior to the date on which the Reporting Person became subject to Section 16. The remaining shares subject to the option are fully vested and exercisable.