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

Facebook Marketing

Facebook MarketingStarting Janaury 13, work with the group marketing manager of social media at Microsoft/BingAds to build a fan base and grow your business on Facebook! In this course, Geoffrey Colon will teach you how to set up and enhance your company page, understand best practices and measuring your success, execute a monthly content strategy, and incorporate Facebook into your overall marketing efforts. Register now!