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David Fischer, Colin Stretch, Jas Athwal Exercise RSUs, Sell Facebook Shares

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Facebook kept the Securities and Exchange Commission busy late Thursday, following up its Form 8-K filing — in which it announced a five-year senior unsecured revolving credit facility with JPMorgan Chase, allowing it to borrow up to $6.5 billion — with Form 4 filings by Chief Marketing Officer David Fischer, Vice President and General Counsel Colin Stretch, and Chief Accounting Officer Jas Athwal.

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Facebook Enters Five-Year Senior Unsecured Revolving Credit Facility With JPMorgan Chase

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Facebook announced in a Form 8-K filing with the Securities and Exchange Commission Thursday that it entered into a five-year senior unsecured revolving credit facility with JPMorgan Chase, allowing it to borrow up to $6.5 billion, and replacing its existing credit facilities. The company also paid off the $1.5 billion principal amount that had been outstanding under the now-terminated amended and restated term loan, also with JPMorgan Chase.

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SEC Filings: Mark Zuckerberg To Be Compensated $1 In 2013; Sheryl Sandberg Received $26.2M In 2012

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Facebook Co-Founder and CEO Mark Zuckerberg will experience a dramatic pay cut in 2013, when his annual salary will be slashed to $1 and he will not receive a bonus, after total compensation of nearly $2 million in 2012. But the nearly $2.3 billion he took in last year after exercising 60 million stock options just prior to the social network’s May 18 initial public offering should help ease the blow.

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