FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
|
1. Name and Address of Reporting Person*
(Street)
|
2. Date of Event Requiring Statement
(Month/Day/Year) 01/27/2022 |
3. Issuer Name and Ticker or Trading Symbol
WeWork Inc. [ WE ] |
|||||||||||||
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
|
5. If Amendment, Date of Original Filed
(Month/Day/Year) |
||||||||||||||
6. Individual or Joint/Group Filing (Check Applicable Line)
|
Table I - Non-Derivative Securities Beneficially Owned | |||
---|---|---|---|
1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock | 21,254 | D | |
Common Stock | 751(1) | D | |
Common Stock | 12,392(2) | D | |
Common Stock | 20,654(3) | D | |
Common Stock | 275(4) | I | By son(5) |
Common Stock | 250(6) | I | By son(5) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
---|---|---|---|---|---|---|---|
1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Stock Option (right to buy) | (7) | 02/10/2030 | Common Stock | 8,260 | $2.55 | D |
Explanation of Responses: |
1. Represents outstanding unvested portion of 4,506 restricted stock units ("RSUs") granted on November 19, 2019. One third of the RSUs vested on July 15, 2020, after which 1/12 of the RSUs have vested or will vest on each October 15, January 15, April 15 and July 15 through July 15 2022. |
2. Represents outstanding unvested portion of 18,589 RSUs granted on January 26, 2021. One third of the RSUs vested on January 26, 2022, after which one third of the RSUs will vest on each of January 26, 2023 and January 26, 2024. |
3. Represents outstanding unvested portion of 41,309 RSUs granted on August 10, 2021. One half of the RSUs vested on January 15, 2022, after which the second half of the RSUs will vest on January 15, 2023. |
4. Represents outstanding unvested portion of 413 RSUs granted on January 26, 2021. One third of the RSUs vested on January 26, 2022, after which one third of the RSUs will vest on each of January 26, 2023 and January 26, 2024. |
5. Represents RSUs held by the Reporting Person's son who currently shares the Reporting Person's household. The Reporting Person disclaims beneficial ownership of the securities held by her son, and this report should not be deemed an admission that the Reporting Person is the beneficial owner of the securities held by her son for purposes of Section 16 or for any other purpose. |
6. All of the RSUs will vest on October 20, 2022. |
7. Represents outstanding unexercised portion of option to purchase 19,828 shares of common stock granted on February 10, 2020. One third of the option vested and became exercisable on January 15, 2021, after which 1/12 of the option has vested or will vest on each April 15, July 15, October 15 and January 15 through January 15, 2023. |
Remarks: |
Exhibit 24 - Power of Authority |
/s/ Susan Catalano, by Jared DeMatteis as Attorney-in-Fact | 02/04/2022 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |