UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Employee Stock Option (right to buy) | Â (3) | 09/23/2020 | Common Stock | 1,937,165 | $ 0.845 | D | Â |
Employee Stock Option (right to buy) | Â (4) | 11/22/2020 | Common Stock | 400,000 | $ 1.83 | D | Â |
Employee Stock Option (right to buy) | Â (5) | 04/11/2022 | Common Stock | 217,526 | $ 14.42 | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Bain Adam C/O TWITTER, INC. 1355 MARKET STREET, SUITE 900 SAN FRANCISCO, CA 94103 |
 |  |  President of Global Revenue |  |
/s/ Sean Edgett, attorney-in-fact | 11/06/2013 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Of the reported shares, 200,000 shares are represented by restricted stock units (RSUs) pursuant to which 8.25% of the shares subject to the RSUs vest quarterly beginning on January 1, 2015 through October 1, 2016 and an additional 8.5% of the shares subject to the RSUs vest quarterly beginning on January 1, 2017 through October 1, 2017. |
(2) | The shares are held of record by The Bain 2013 Grantor Retained Annuity Trust, dated October 22, 2013 for which the Reporting Person serves as trustee. |
(3) | An option to purchase 2,646,456 shares was granted on September 24, 2010 and was exercised in part prior to the date on which the Reporting Person became subject to Section 16. One-fourth of the shares subject to the option vested on September 7, 2011 and one forty-eighth of the shares vest monthly thereafter. |
(4) | One-fourth of the shares subject to the option vested on November 22, 2011 and one forty-eighth of the shares vest monthly thereafter. |
(5) | Shares subject to the option vest in eight equal quarterly installments beginning on July 1, 2014. |
 Remarks: Exhibit 24 - Power of Attorney The Reporting Person holds restricted stock units awarded prior to February 1, 2013 (the "Pre-2013 RSUs"), the vesting of which is subject to the satisfaction of both a service condition and a performance condition. Accordingly, the Pre-2013 RSUs are not yet reportable for purposes of Section 16 and are not included in this Form 3. The performance condition will be satisfied on the earlier of (i) the date that is the earlier of (x) six months after the effective date of the Issuer's initial public offering or (y) March 8th of the calendar year following the effective date of the Issuer's initial public offering (which the Issuer may elect to accelerate to February 15th); and (ii) the date of a change in control. |