Coffey Kelly 4
4 · Snap Inc · Filed May 20, 2020
Insider Transaction Report
Form 4
Snap IncSNAP
Coffey Kelly
Director
Transactions
- Award
Class A Common Stock
2020-05-18+1,485→ 1,485 total - Award
Option (right to buy)
2020-05-18+2,376→ 2,376 totalExercise: $17.83Exp: 2030-05-17→ Class A Common Stock (2,376 underlying)
Footnotes (2)
- [F1]Represents shares issuable on settlement of restricted stock units ("RSUs") granted to the reporting person. Each RSU represents a contingent right to receive one share of Issuer's Class A Common Stock. 100% of the RSUs will vest after the reporting person completes two months of continuous service from May 18, 2020. The RSUs will be subject to pro-rata acceleration upon the reporting person's discontinued service on the Issuer's board of directors and automatic full acceleration in the event of a change in control, as defined in the Issuer's 2017 Equity Incentive Plan. If the reporting person dies while in continuous service, 100% of the RSUs will be deemed fully vested immediately.
- [F2]100% of the shares subject to the option will vest upon the reporting person's completion of two months of continuous service from May 18, 2020. The shares subject to the option will be subject to pro-rata acceleration upon the reporting person's discontinued service on the Issuer's board of directors and automatic full acceleration in the event of a change in control, as defined in the Issuer's 2017 Equity Incentive Plan. If the reporting person dies while in continuous service, 100% of the shares subject to the option will be deemed fully vested immediately.