Marc Andreessen, Peter Thiel Convert Facebook Class-B Shares to Class-A

WallStreetNYSE650Facebook Directors Marc Andreessen and Peter Thiel converted class-B shares in Facebook to class-A and detailed other transactions in Form 4 filings with the Securities and Exchange Commission Monday, while Vice President of Business and Marketing Partnerships David Fischer and Chief Accounting Officer Jas Athwal amended their earlier Form 4 filings with Form 4/A filings.

Andreessen reported that the Andreessen Horowitz Fund III converted 2,018,155 class-B shares to class-A shares, and then distributed 1,009,079 class-A shares to general and limited partners. It now holds 1,009,076 shares of Facebook class-A common stock.

AH Parallel Fund III converted 1,396,712 class-B shares to class-A, and then distributed 698,357 class-A shares to general and limited partners. It now holds 698,355.

AH Equity Partners III received 9,974 Facebook class-A shares from Andreessen Horowitz Fund III, and distributed all 9,974 to general and limited partners, leaving it with zero.

Andreessen 1996 Living Trust received 4,977 class-A shares from Andreessen Horowitz Fund III, 2,180 from AH Equity Partners III, 3,446 from AH Parallel Fund III and 1,508 from AH Equity Partners III Parallel. It now holds 1,623,459.

And AH Capital Management received 187 shares of Facebook class-A common stock from AH Equity Partners III and 139 from AH Equity Partners III Parallel. It then distributed 141 shares to its members and assignees, and it now holds 185.

Thiel reported that The Founders Fund IV converted 374,677 Facebook class-B shares to class-A, and it now holds 374,677.

And The Founders Fund IV Principals Fund converted 120,273 Facebook class-B shares to class-A, and it now holds 120,273.

Fischer sold 18,000 shares of class-A common stock in Facebook at $69.76 per share, and another 18,000 shares at $75.94 apiece. He now holds 363,199.

And Athwal sold 10,000 class-A shares at $75.94 each, leaving him with 120,949 Facebook shares.

Image courtesy of Shutterstock.

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