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
  1. Represents shares of Class B Common Stock converted into shares of Class A Common Stock at the option of the reporting person.
  2. 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.
  3. 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.
  4. 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.
  5. 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.
  6. The Class B Common Stock has no expiration date.