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Filing Details

Accession Number:
0000899243-17-006250
Form Type:
4
Zero Holdings:
No
Publication Time:
2017-03-02 21:37:23
Reporting Period:
2017-02-28
Filing Date:
2017-03-02
Accepted Time:
2017-03-02 21:37:23
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1512673 Square Inc. SQ () CA
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1032453 Vinod Khosla 2128 Sand Hill Road
Menlo Park CA 94025
No No Yes No
1471809 Khosla Ventures Iii, L.p. 2128 Sand Hill Road
Menlo Park CA 94025
No No Yes No
1501927 Vk Services, Llc 2128 Sand Hill Road
Menlo Park CA 94025
No No Yes No
1501934 Khosla Ventures Associates Iii, Llc 2128 Sand Hill Road
Menlo Park CA 94025
No No Yes 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 2017-02-28 300,000 $0.00 300,000 No 4 C Indirect See Footnote
Class A Common Stock Disposition 2017-02-28 300,000 $17.44 0 No 4 S Indirect See Footnote
Class A Common Stock Acquisiton 2017-03-01 400,000 $0.00 400,000 No 4 C Indirect See Footnote
Class A Common Stock Disposition 2017-03-01 400,000 $17.37 0 No 4 S Indirect See Footnote
Class A Common Stock Acquisiton 2017-03-02 9,300,000 $0.00 9,300,000 No 4 C Indirect See Footnote
Class A Common Stock Disposition 2017-03-02 300,000 $17.08 9,000,000 No 4 S Indirect See Footnote
Class A Common Stock Disposition 2017-03-02 9,000,000 $0.00 0 No 4 J Indirect See Footnote
Class A Common Stock Acquisiton 2017-03-02 818,181 $0.00 818,181 No 4 J Indirect See Footnote
Class A Common Stock Disposition 2017-03-02 818,181 $0.00 0 No 4 J Indirect See Footnote
Class A Common Stock Acquisiton 2017-03-02 791,181 $0.00 1,670,271 No 4 J Indirect See Footnote
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 C Indirect See Footnote
No 4 S Indirect See Footnote
No 4 C Indirect See Footnote
No 4 S Indirect See Footnote
No 4 C Indirect See Footnote
No 4 S Indirect See Footnote
No 4 J Indirect See Footnote
No 4 J Indirect See Footnote
No 4 J Indirect See Footnote
No 4 J Indirect See Footnote
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 2017-02-28 300,000 $0.00 300,000 $0.00
Class A Common Stock Class B Common Stock Disposition 2017-03-01 400,000 $0.00 400,000 $0.00
Class A Common Stock Class B Common Stock Disposition 2017-03-02 9,300,000 $0.00 9,300,000 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
38,222,780 No 4 C Indirect
37,822,780 No 4 C Indirect
28,522,780 No 4 C Indirect
Footnotes
  1. Pursuant to a conversion exempt under Rule 16b-6(b), shares of Class B Common Stock were automatically converted into shares of Class A Common Stock on a one-for-one basis.
  2. Consists of securities held of record by Khosla Ventures III, LP ("KV III"), of which Khosla Ventures Associates III, LLC ("KVA III") is the general partner. Vinod Khosla is the managing member of VK Services, LLC ("VK Services"), which is the manager of KVA III. Each of KVA III, VK Services and Vinod Khosla may be deemed to possess voting and investment control over such securities, and each of KVA III, VK Services and Vinod Khosla may be deemed to have indirect beneficial ownership of such securities. Each Reporting Person disclaims beneficial ownership of such shares except to the extent of his or its pecuniary interest therein.
  3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $17.27 to $17.79, inclusive. Each reporting person undertakes to provide Square, Inc., any security holder of Square, Inc., 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 ranges set forth in footnote (3) to this Form 4.
  4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $17.06 to $17.58, inclusive. Each reporting person undertakes to provide Square, Inc., any security holder of Square, Inc., 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 ranges set forth in footnote (4) to this Form 4.
  5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $17.00 to $17.31, inclusive. Each reporting person undertakes to provide Square, Inc., any security holder of Square, Inc., 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 ranges set forth in footnote (5) to this Form 4.
  6. On March 2, 2017, 9,000,000 shares of Class A Common Stock held by KV III were distributed to the limited partners and general partners of KV III.
  7. On March 2, 2017, 818,181 shares of Class A Common Stock held by KVA III were distributed to the members of KVA III.
  8. Consists of securities held of record by KVA III. Vinod Khosla is the managing member of VK Services, which is the manager of KVA III. Each of KVA III, VK Services and Vinod Khosla may be deemed to possess voting and investment control over such securities, and each of KVA III, VK Services and Vinod Khosla may be deemed to have indirect beneficial ownership of such securities. Each Reporting Person disclaims beneficial ownership of such shares except to the extent of his or its pecuniary interest therein.
  9. Consists of securities held of record by VK Services. Vinod Khosla is the managing member of VK Services. Each of VK Services and Vinod Khosla may be deemed to possess voting and investment control over such securities, and each of VK Services and Vinod Khosla may be deemed to have indirect beneficial ownership of such securities. Each Reporting Person disclaims beneficial ownership of such shares except to the extent of his or its pecuniary interest therein.
  10. Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date.