Peter Thiel-Led Funds Dispose of All Facebook Shares

WallStreetNYSE650Two funds managed by Facebook Director Peter Thiel disposed of all of their class-A common shares in Facebook, Thiel reported in a Form 4 filing Tuesday with the Securities and Exchange Commission.

The Founders Fund IV sold 318,451 Facebook class-A common shares at $74.02 per share, and another 56,226 at $74.71 each, and it no longer holds any shares in the company.

And The Founders Fund IV Principals Fund sold 100,800 class-A shares at $74.01 each, and another 19,473 at $74.73, also leaving it with no Facebook shares.

Thiel also filed a Form 4/A with the SEC Tuesday, reporting 3,745 shares of Facebook class-A common stock that he failed to include in an earlier Form 4.

Wall Street image courtesy of Shutterstock.

Related Stories
Mediabistro Course

Blogging: Analytics, SEO, and Content

Blogging: Analytics, SEO, and ContentWork with the former marketing director at Conde Nast Digital to improve your search rankings, integrate social, and increase traffic to your blog! Starting November 5, Jim Hopkinson will teach you how to analyze KPIs, monetize your blog through ads, sponsorships, and affiliates, and leverage your blog toward a larger platform such as publishing, speaking, or consulting. Register now!