Jan Koum Receives Facebook Shares in Exchange for WhatsApp Shares

New Facebook director and WhatsApp co-founder and CEO Jan Koum filed a Form 4 with the Securities and Exchange Commission Monday detailing Facebook stock he received as part of the closing of Facebook’s acquisition of WhatsApp.

JanKoum650New Facebook director and WhatsApp co-founder and CEO Jan Koum filed a Form 4 with the Securities and Exchange Commission Monday detailing Facebook stock he received as part of the closing of Facebook’s acquisition of WhatsApp.

Under terms of the merger agreement, Koum received 68,721,716 shares of Facebook class-A common stock in exchange for 90 million WhatsApp shares. He now holds 68,721,716 Facebook shares.

In addition, two funds controlled by Koum — Jan Koum Trust I and Jan Koum Trust II — each received 3,817,873 Facebook class-A shares in exchange for 5 million WhatsApp shares, and they each now hold 3,817,873 shares of Facebook class-A common stock.