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
  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 fully-vested 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 $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.
  4. 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.
  5. 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.
  6. The Class B Common Stock has no expiration date.