Director Marc Andreessen Sells Off Large Chunks Of Facebook Holdings; David Fischer Sells Shares

By David Cohen 

WallStreet650Facebook Director Marc Andreessen shed substantial blocks of stock in the company, and Vice President of Business and Marketing Partnerships David Fischer also unloaded some shares, according to Form 4 filings with the Securities and Exchange Commission Friday.

Andreessen reported that Andreessen Horowitz Fund converted 178,308 class-B Facebook shares into class-A shares, and it then sold 115,356 of those shares at $49.2199 each, and 62,952 at $50.0728 apiece, leaving it with none.

Andreessen Horowitz Fund II sold 660,982 Facebook class-A shares of common stock at $49.2199 apiece, and another 360,710 at $50.0728. It also distributed 1,274,870 shares to its partners. It now holds 1,274,869 shares of Facebook class-A common stock.

AH Equity Partners II received 12,528 shares from Andreessen Horowitz Fund II, and distributed 12,528 to its partners, leaving it with none.

AH Capital Management received 135 class-A shares in Facebook from AH Equity Partners II, and distributed 135 to its partners, leaving it with none.

And the Andreessen 1996 Living Trust received 15,991 shares from Andreessen Horowitz Fund II, and 3,666 from AH Equity Partners II, giving it a total of 3,256,159 Facebook class-A common shares.

Meanwhile, Fischer sold 18,000 Facebook class-A common shares at $50.26 each, and another 18,000 at $49.28 apiece. He now holds 481,082 shares in the company.

Image courtesy of Shutterstock.