Filing Details
- Accession Number:
- 0001209191-18-031545
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2018-05-18 18:07:10
- Reporting Period:
- 2018-05-16
- Accepted Time:
- 2018-05-18 18:07:10
- 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 |
|---|---|---|---|---|---|---|---|
| 1699292 | Imran Khan | C/O Snap Inc. 63 Market Street Venice CA 90291 | Chief Strategy Officer | 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 | 2018-05-16 | 260,971 | $0.00 | 9,781,940 | No | 4 | C | Direct | |
| Class A Common Stock | Disposition | 2018-05-16 | 641,234 | $10.59 | 9,140,706 | No | 4 | S | Direct | |
| Class A Common Stock | Acquisiton | 2018-05-18 | 211,985 | $0.00 | 9,352,691 | No | 4 | C | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | C | Direct | |
| No | 4 | S | Direct | |
| No | 4 | C | 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 | 2018-05-16 | 260,971 | $0.00 | 260,971 | $0.00 |
| Class A Common Stock | Class B Common Stock | Disposition | 2018-05-18 | 211,985 | $0.00 | 211,985 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 1,630,854 | No | 4 | C | Direct | ||
| 1,418,869 | 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 fully-vested 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 $10.555 to $10.635 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.
- As 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.
- As reported on a Form 3 filed on March 1, 2017, the reporting person was granted 6,127,451 RSUs, of which 2.5% vested on April 16, 2018 and the remainder of the RSUs will vest in 39 equal quarterly installments thereafter.
- The Class B Common Stock has no expiration date.
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