4/A//SEC Filing
Sehn Timothy 4/A
Accession 0001209191-17-050348
CIK 0001564408other
Filed
Aug 24, 8:00 PM ET
Accepted
Aug 25, 9:30 PM ET
Size
16.1 KB
Accession
0001209191-17-050348
Insider Transaction Report
Form 4/AAmended
Snap IncSNAP
Sehn Timothy
Senior VP of Engineering
Transactions
- Exercise/Conversion
Stock Option (right to buy)
2017-08-14−200,000→ 4,200,000 totalExercise: $0.58Exp: 2023-09-05→ Class B Common Stock (200,000 underlying) - Conversion
Class B Common Stock
2017-08-14−200,000→ 0 totalExercise: $0.00→ Class A Common Stock (200,000 underlying) - Sale
Class A Common Stock
2017-08-14$12.50/sh−400,000$4,999,240→ 2,604,168 total - Exercise/Conversion
Stock Option (right to buy)
2017-08-14−200,000→ 4,200,000 totalExercise: $0.00Exp: 2023-09-05→ Class A Common Stock (200,000 underlying) - Exercise/Conversion
Class A Common Stock
2017-08-14+200,000→ 2,804,168 total - Conversion
Class A Common Stock
2017-08-14+200,000→ 3,004,168 total
Footnotes (7)
- [F1]Represents shares of Class B Common Stock converted into shares of Class A Common Stock at the option of the reporting person.
- [F2]The sales reported 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 price. These shares were sold in multiple transactions at prices ranging from $11.29 to $13.13 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.
- [F4]Reflects an option exercised on August 14, 2017, which shares were subsequently sold on the same day, as reported on the Form 4 filed August 16, 2017.
- [F5]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 month during the third 12-month period of continuous service and 1/30th vests each month during the fourth 12-month period of continuous service.
- [F6]Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the reporting person.
- [F7]The Class B Common Stock has no expiration date.
Documents
Issuer
Snap Inc
CIK 0001564408
Entity typeother
Related Parties
1- filerCIK 0001699317
Filing Metadata
- Form type
- 4/A
- Filed
- Aug 24, 8:00 PM ET
- Accepted
- Aug 25, 9:30 PM ET
- Size
- 16.1 KB