Spillane David 4
4 · Facebook Inc · Filed May 9, 2013
Insider Transaction Report
Form 4
Spillane David
Chief Accounting Officer
Transactions
- Award
Restricted Stock Unit (RSU)
2013-05-06+69,330→ 69,330 totalExp: 2023-05-05→ Class A Common Stock (69,330 underlying)
Holdings
- 28,340
Restricted Stock Unit (RSU)
Exp: 2020-02-25→ Class B Common Stock (28,340 underlying) - 21,240
Restricted Stock Unit (RSU)
Exp: 2022-05-02→ Class B Common Stock (21,240 underlying) - 45,469
Restricted Stock Unit (RSU)
Exp: 2021-03-24→ Class B Common Stock (45,469 underlying)
Footnotes (7)
- [F1]Each RSU represents a contingent right to receive 1 share of the issuer's Class A Common Stock upon settlement.
- [F2]The RSUs vest as to 1/16th of the total shares quarterly, beginning on February 15, 2013, subject to continued service through each vesting date.
- [F3]Each RSU represents a contingent right to receive 1 share of the issuer's Class B Common Stock upon settlement.
- [F4]The RSUs were granted with both (a) a liquidity event-based vesting condition and (b) a service-based vesting condition, both of which conditions must be satisfied in order for the RSUs to vest. The liquidity event-based vesting condition was satisfied on November 17, 2012. The service-based vesting condition was satisfied as to 1/4th of the total number of shares on February 15, 2011 and then an additional 1/16th of the total number of shares vest quarterly thereafter, subject to continued service through each vesting date.
- [F5]The Class B Common Stock is convertible into the issuer's Class A Common Stock on a 1-for-1 basis (a) at the holder's option or (b) upon certain transfers of such shares, and has no expiration date.
- [F6]Pursuant to the terms of the RSU award, the vesting condition was satisfied as to 1/5th of the total number of shares on January 15, 2012, and then 1/20th of the total number of shares vest quarterly thereafter, subject to continued service through each vesting date.
- [F7]The RSUs vested as to 1/4th of the total shares on February 15, 2013, and then 1/16th of the total shares vest quarterly thereafter, subject to continued service through each vesting date.