LAFLEY ALAN G 4
4 · Snap Inc · Filed Jul 22, 2020
Insider Transaction Report
Form 4
Snap IncSNAP
LAFLEY ALAN G
Director
Transactions
- Other
Class A Common Stock
2020-07-21−172,243→ 14,737 total - Award
Class A Common Stock
2020-07-19+5,800→ 186,980 total - Award
Option (right to buy)
2020-07-19+10,612→ 46,645 totalExercise: $24.24Exp: 2030-07-18→ Class A Common Stock (10,612 underlying)
Footnotes (5)
- [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 shall vest after the reporting person completes one year of continuous service from July 19, 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]Stock transfer to a revocable trust over which the reporting person has voting power.
- [F3]Stock transfer from the reporting person.
- [F4]Shares held by a revocable trust over which the reporting person has voting power.
- [F5]100% of the shares subject to the option will vest upon the reporting person's completion of one year of continuous service from July 19, 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.