Filing Details
- Accession Number:
- 0001209191-17-050349
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2017-08-25 22:32:16
- Reporting Period:
- 2017-08-23
- Accepted Time:
- 2017-08-25 21:32:16
- 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 |
|---|---|---|---|---|---|---|---|
| 1699317 | Timothy Sehn | C/O Snap Inc. 63 Market Street Venice CA 90291 | Senior Vp 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 | 2017-08-23 | 75,000 | $0.00 | 2,679,168 | No | 4 | M | Direct | |
| Class A Common Stock | Acquisiton | 2017-08-23 | 75,000 | $0.00 | 2,754,168 | No | 4 | C | Direct | |
| Class A Common Stock | Disposition | 2017-08-23 | 150,000 | $15.00 | 2,604,168 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| 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 | Stock Option (right to buy) | Disposition | 2017-08-23 | 75,000 | $0.00 | 75,000 | $0.00 |
| Class B Common Stock | Stock Option (right to buy) | Disposition | 2017-08-23 | 75,000 | $0.00 | 75,000 | $0.58 |
| Class A Common Stock | Class B Common Stock | Disposition | 2017-08-23 | 75,000 | $0.00 | 75,000 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 4,125,000 | 2023-09-05 | No | 4 | M | Direct | |
| 4,125,000 | 2023-09-05 | No | 4 | M | Direct | |
| 0 | 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.
- The sales reported 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 price. These shares were sold in multiple transactions at prices ranging from $15.00 to $15.01 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.
- Reflects an option exercised on August 23, 2017, which shares were subsequently sold on the same day.
- 1/10th vests 12 months from September 3, 2013, 1/60th vests each month during the second 12-month period of continuous service, 1/40th vests each monthduring the third 12-month period of continuous service and 1/30th vests each month during the fourth 12-month period of continuous service.
- Each share of Class B Common Stock is convertible into oneshare of Class A Common Stock at the option of the reporting person.
- The Class B Common Stock has no expiration date.
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