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Facebook director just disposed of 309,464 shares

Marc L Andreessen, a director of Facebook, recently disposed of 309,464 shares of the company. The disposals took place at prices ranging from $101.96 to $104.23 per share, on dates ranging from October 30 to November 02, 2015. Andreessen still owns 1,369,209 shares of the company. Andreessen operates out of Menlo Park, CA. Some additional info was provided as follows:

The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $101.8050 to $102.7850 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securitie s and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (2). The reporting person and JP Morgan Chase Bank, N.A. (successor-in-interest to J.P. Morgan Trust Company, N.A.) are the trustees of The Andreessen 1996 Charitable Remainder Unitrust. The reporting person disclaims beneficial ownership over such securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $102.8050 to $103.7950 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information...

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