Filing Details
- Accession Number:
- 0001437749-15-000361
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2015-01-06 21:43:51
- Reporting Period:
- 2015-01-02
- Filing Date:
- 2015-01-06
- Accepted Time:
- 2015-01-06 21:43:51
- 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 |
|---|---|---|---|---|---|---|---|
| 1590847 | Richard Costolo | C/O Twitter, Inc. 1355 Market Street, Suite 900 San Francisco CA 94103 | Chief Executive Officer | Yes | 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 | 2015-01-02 | 15,352 | $35.92 | 530,504 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2015-01-05 | 358,460 | $0.43 | 888,964 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2015-01-05 | 54,644 | $1.83 | 943,608 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2015-01-05 | 125,000 | $36.36 | 818,608 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Employee Stock Option (right to buy) | Disposition | 2015-01-05 | 358,460 | $0.00 | 358,460 | $0.43 |
| Common Stock | Employee Stock Option (right to buy) | Disposition | 2015-01-05 | 54,644 | $0.00 | 54,644 | $1.83 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 3,394,146 | 2019-09-03 | No | 4 | M | Direct | |
| 4,055,640 | 2020-11-22 | No | 4 | M | Direct |
Footnotes
- 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.
- The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $35.73 to $36.30 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.
- Of the reported shares 473,412 shares are represented by RSUs.
- The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $35.65 to $37.02 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.
- The option is fully vested and immediately exercisable.
- An option to purchase 4,110,284 shares was granted on November 23, 2010. One-fourth of the shares subject to the option vested on November 22, 2011 and 1/48th of the shares vest monthly thereafter.
Billionaire Hedge Funds
