Sec Form 4 Filing - Sehn Timothy @ Snap Inc - 2017-08-23

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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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1. Name and Address of Reporting Person
Sehn Timothy
2. Issuer Name and Ticker or Trading Symbol
Snap Inc [ SNAP]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Senior VP of Engineering
(Last) (First) (Middle)
C/O SNAP INC., 63 MARKET STREET
3. Date of Earliest Transaction (MM/DD/YY)
08/23/2017
(Street)
VENICE, CA90291
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 08/23/2017 M 75,000 A $ 0 2,679,168 D
Class A Common Stock 08/23/2017 C( 1 ) 75,000 A $ 0 2,754,168 D
Class A Common Stock 08/23/2017 S 150,000 ( 2 ) D $ 15.0006 ( 3 ) 2,604,168 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy) $ 0 08/23/2017 M( 4 ) 75,000 ( 5 ) 09/05/2023 Class A Common Stock 75,000 $ 0 4,125,000 D
Stock Option (right to buy) $ 0.582 08/23/2017 M( 4 ) 75,000 ( 5 ) 09/05/2023 Class B Common Stock ( 6 ) 75,000 $ 0 4,125,000 D
Class B Common Stock $ 0 08/23/2017 C( 1 ) 75,000 ( 7 ) ( 7 ) Class A Common Stock 75,000 $ 0 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Sehn Timothy
C/O SNAP INC.
63 MARKET STREET
VENICE, CA90291
Senior VP of Engineering
Signatures
/s/ Seth Gottlieb, Attorney-in-fact 08/25/2017
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents shares of Class B Common Stock converted into shares of Class A Common Stock at the option of the reporting person.
( 2 )The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
( 3 )The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.00 to $15.01 per share, inclusive. 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.
( 4 )Reflects an option exercised on August 23, 2017, which shares were subsequently sold on the same day.
( 5 )1/10th vests 12 months from September 3, 2013, 1/60th vests each month during the second 12-month period of continuous service, 1/40th vests each monthduring the third 12-month period of continuous service and 1/30th vests each month during the fourth 12-month period of continuous service.
( 6 )Each share of Class B Common Stock is convertible into oneshare of Class A Common Stock at the option of the reporting person.
( 7 )The Class B Common Stock has no expiration date.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(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).

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