Statement of Changes of Beneficial Ownership


FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5
                      
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 *

Ullyot Theodore Warren
2. Issuer Name and Ticker or Trading Symbol

Facebook Inc [ FB ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
VP, Gen. Counsel & Secretary
(Last)          (First)          (Middle)

C/O FACEBOOK, INC., 1601 WILLOW ROAD
3. Date of Earliest Transaction (MM/DD/YYYY)

12/31/2012
(Street)

MENLO PARK, CA 94025
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock   12/28/2012     G   V 196000   (1) D $0.00   698261   D    
Class A Common Stock   12/28/2012     G   V 196000   A $0.00   196000   I   By The Ullyot 2012 Irrevocable Trust   (2)
Class A Common Stock   12/31/2012     C    180140   (3) A $0.00   878401   D    
Class A Common Stock   1/1/2013     C    29917   (4) A $0.00   908318   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy Class B Common Stock)   (5) $1.854   12/31/2012     M         180140      (6) 1/11/2019   Class B Common Stock   (5) 180140   $0.00   2725181   D    
Class B Common Stock   (5)   (5) 12/31/2012     M      180140         (5)   (5) Class A Common Stock   180140   $0.00   180140   D    
Class B Common Stock   (5)   (5) 12/31/2012     C         180140      (5)   (5) Class A Common Stock   180140   $0.00   0   D    
Restricted Stock Units (RSU)     (7) 1/1/2013     M         53865      (8) 1/11/2019   Class B Common Stock   (5) 53865   $0.00   538630   D    
Class B Common Stock   (5)   (5) 1/1/2013     M      53865         (5)   (5) Class A Common Stock   53865   $0.00   53865   D    
Class B Common Stock   (5)   (5) 1/1/2013     F         23948   (9)     (5)   (5) Class A Common Stock   23948   $0.00   29917   D    
Class B Common Stock   (5)   (5) 1/1/2013     C         29917   (10)     (5)   (5) Class A Common Stock   29917   $0.00   0   D    

Explanation of Responses:
( 1)  Represents transfer of shares to The Ullyot 2012 Irrevocable Trust.
( 2)  Shares held of record by Theodore W. Ullyot and Jennifer L. Ullyot, Co-Trustees of The Ullyot 2012 Irrevocable Trust, the beneficiaries of which include the reporting person's minor children.
( 3)  Represents the number of shares acquired upon conversion of Class B Common Stock to Class A Common Stock in connection with the exercise of vested stock options.
( 4)  Represents the number of shares that were acquired upon conversion of Class B Common Stock to Class A Common Stock in connection with the net settlement of restricted stock units (the "RSUs") listed in Table II, based on a price of $26.63 per share, which represented the closing price of the issuer's Class A Common Stock on December 31, 2012.
( 5)  The Class B Common Stock is convertible into the issuer's Class A Common Stock on a 1-for-1 basis (a) at the holder's option or (b) upon certain transfers of such shares, and has no expiration date.
( 6)  The option vested as to 1/5th of the total shares on October 20, 2009, after which 1/60th of the total shares vest monthly, subject to continued service through each vesting date. In connection with certain estate planning transfers, options to purchase 400,000 vested shares are held by Theodore W. Ullyot, as Trustee of the Theodore W. Ullyot 2011 Annuity Trust dated December 13, 2011.
( 7)  Each RSU represents a contingent right to receive 1 share of the issuer's Class B Common Stock upon settlement.
( 8)  The RSUs were granted with both (a) a liquidity event-based vesting condition and (b) a service-based vesting condition, both of which conditions must be satisfied in order for the RSUs to vest. The liquidity event-based vesting condition was satisfied on November 17, 2012. Pursuant to the terms of the RSU award, the service-based vesting condition was satisfied as to 1/5th of the total number of shares on November 1, 2009 and then 1/60th of the total number of shares vest monthly thereafter, subject to continued service through each vesting date.
( 9)  Represents shares of Class B Common Stock that have been withheld by the issuer to satisfy its income tax withholding and remittance obligations in connection with the net settlement of the RSUs and does not represent a sale by the reporting person.
( 10)  Represents shares of Class B Common Stock that have been converted to Class A Common Stock in connection with the net settlement of the RSUs.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Ullyot Theodore Warren
C/O FACEBOOK, INC.
1601 WILLOW ROAD
MENLO PARK, CA 94025


VP, Gen. Counsel & Secretary

Signatures
/s/ David Kling as attorney-in-fact for Theodore W. Ullyot 1/2/2013
** 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 4(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 control number.