4//SEC Filing
TWITTER, INC. 4
Accession 0001437749-15-000361
CIK 0001418091operating
Filed
Jan 5, 7:00 PM ET
Accepted
Jan 6, 9:43 PM ET
Size
15.0 KB
Accession
0001437749-15-000361
Insider Transaction Report
Form 4
TWITTER, INC.TWTR
Costolo Richard
DirectorChief Executive Officer
Transactions
- Exercise/Conversion
Employee Stock Option (right to buy)
2015-01-05−54,644→ 4,055,640 totalExercise: $1.83Exp: 2020-11-22→ Common Stock (54,644 underlying) - Exercise/Conversion
Common Stock
2015-01-05$1.83/sh+54,644$99,999→ 943,608 total - Exercise/Conversion
Common Stock
2015-01-05$0.43/sh+358,460$153,528→ 888,964 total - Sale
Common Stock
2015-01-05$36.36/sh−125,000$4,544,438→ 818,608 total - Exercise/Conversion
Employee Stock Option (right to buy)
2015-01-05−358,460→ 3,394,146 totalExercise: $0.43Exp: 2019-09-03→ Common Stock (358,460 underlying) - Sale
Common Stock
2015-01-02$35.92/sh−15,352$551,378→ 530,504 total
Footnotes (7)
- [F1]Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.
- [F2]The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $35.73 to $36.30 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.
- [F3]Of the reported shares 473,412 shares are represented by RSUs.
- [F4]The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- [F5]The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $35.65 to $37.02 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.
- [F6]The option is fully vested and immediately exercisable.
- [F7]An option to purchase 4,110,284 shares was granted on November 23, 2010. One-fourth of the shares subject to the option vested on November 22, 2011 and 1/48th of the shares vest monthly thereafter.
Documents
Issuer
TWITTER, INC.
CIK 0001418091
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001418091
Filing Metadata
- Form type
- 4
- Filed
- Jan 5, 7:00 PM ET
- Accepted
- Jan 6, 9:43 PM ET
- Size
- 15.0 KB