Filing Details
- Accession Number:
- 0001209191-17-061914
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2017-11-20 21:31:51
- Reporting Period:
- 2017-11-16
- Accepted Time:
- 2017-11-20 21:31:51
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1564408 | Snap Inc | SNAP | Services-Computer Programming, Data Processing, Etc. (7370) | 455452795 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1644195 | Michael Steven Horowitz | C/O Snap Inc. 63 Market Street Venice CA 90291 | Vice President Of Engineering | 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Acquisiton | 2017-11-16 | 143,166 | $0.00 | 2,532,598 | No | 4 | C | Direct | |
| Class A Common Stock | Disposition | 2017-11-16 | 286,332 | $12.54 | 2,246,266 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | C | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Class A Common Stock | Class B Common Stock | Disposition | 2017-11-16 | 143,166 | $0.00 | 143,166 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 2,236,232 | No | 4 | C | Direct |
Footnotes
- Represents shares of Class B Common Stock converted into shares of Class A Common Stock at the option of the reporting person.
- Represents 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.
- The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.38 to $12.67 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.
- Represents the settlement and release of RSUs granted by the issuer to the reporting person which were subsequently converted to Class A Common Stock and sold to cover tax withholding obligations. Each RSU represents a contingent right to receive one share of issuer's Class B Common Stock.
- As reported on a Form 3 filed on March 1, 2017, the reporting person was granted 3,192,207 RSUs, of which 10% vest once the reporting person completes 12 months of continuous service from January 26, 2015; 20% vest in equal quarterly installments during the second 12-month period of reporting person's continuous service; 30% vest in equal quarterly installments during the third 12-month period of reporting person's continuous service; and 40% vest in equal quarterly installments during the fourth 12-month period of reporting person's continuous service.
- The Class B Common Stock has no expiration date.
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