Square, Inc. 4
4 · Square, Inc. · Filed Jan 23, 2017
Insider Transaction Report
Form 4
Brougher Francoise
Business Lead
Transactions
- Conversion
Class A Common Stock
2017-01-19+57,692→ 157,825 total - Exercise/Conversion
Class B Common Stock
2017-01-19+57,692→ 57,692 total→ Class A Common Stock (57,692 underlying) - Sale
Class A Common Stock
2017-01-19$14.77/sh−57,692$852,111→ 100,133 total - Exercise/Conversion
Stock Option (Right to Buy)
2017-01-19−57,692→ 2,250,000 totalExercise: $2.90Exp: 2023-05-31→ Class B Common Stock (57,692 underlying) - Conversion
Class B Common Stock
2017-01-19−57,692→ 0 total→ Class A Common Stock (57,692 underlying)
Footnotes (5)
- [F1]Represents the conversion of Class B Common Stock into Class A Common Stock held of record by the Reporting Person.
- [F2]The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- [F3]The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $14.64 to $14.88 per share. 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.
- [F4]25% of the shares subject to the option vested on May 6, 2014, and 1/48 of the shares vest monthly thereafter.
- [F5]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.