Marc Andreessen, Peter Thiel Convert Facebook Class-B Shares to Class-A

Facebook Directors Marc Andreessen and Peter Thiel converted class-B shares in Facebook to class-A and detailed other transactions in Form 4 filings with the Securities and Exchange Commission Monday, while Vice President of Business and Marketing Partnerships David Fischer and Chief Accounting Officer Jas Athwal amended their earlier Form 4 filings with Form 4/A filings.

WallStreetNYSE650Facebook Directors Marc Andreessen and Peter Thiel converted class-B shares in Facebook to class-A and detailed other transactions in Form 4 filings with the Securities and Exchange Commission Monday, while Vice President of Business and Marketing Partnerships David Fischer and Chief Accounting Officer Jas Athwal amended their earlier Form 4 filings with Form 4/A filings.

Andreessen reported that the Andreessen Horowitz Fund III converted 2,018,155 class-B shares to class-A shares, and then distributed 1,009,079 class-A shares to general and limited partners. It now holds 1,009,076 shares of Facebook class-A common stock.

AH Parallel Fund III converted 1,396,712 class-B shares to class-A, and then distributed 698,357 class-A shares to general and limited partners.

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