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 (2) | 09/03/2019 | Common Stock | 3,752,606 | $ 0.4283 | D | Â |
Employee Stock Option (right to buy) | Â (3) | 11/22/2020 | Common Stock | 4,110,284 | $ 1.83 | D | Â |
Employee Stock Option (right to buy) | Â (4) | 04/11/2022 | Common Stock | 388,440 | $ 14.42 | D | Â |
Employee Stock Option (right to buy) | Â (2) | 09/03/2019 | Common Stock | 273,000 | $ 0.4283 | I | See footnote (5) |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Costolo Richard C/O TWITTER, INC. 1355 MARKET STREET, SUITE 900 SAN FRANCISCO, CA 94103 |
 X |  |  Chief Executive Officer |  |
/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) | The shares are held of record by the Richard Costolo 2001 Living Trust dated February 8, 2001, for which the Reporting Person serves as trustee, and the Lorin Costolo 2001 Living Trust dated February 8, 2001, for which the Reporting Person's spouse serves as trustee. |
(2) | The option is fully vested and immediately exercisable. |
(3) | One-fourth of the shares subject to the option vested on November 22, 2011 and 1/48th of the shares vest monthly thereafter. |
(4) | 6.25% of the shares subject to the option vest on each of July 1, 2014, October 1, 2014, January 1, 2015 and April 1, 2015, and 18.75% of the shares subject to the option vest on each of of July 1, 2015, October 1, 2015, January 1, 2016 and April 1, 2016. |
(5) | The option is held of record by the Northern Trust Company, as Trustee of the Lorin Costolo 2012 Gift Trust. Ms. Costolo is the spouse of the Reporting Person. |
 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. |