Ownership Submission
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

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Rizvi Traverse Management, LLC
  2. Issuer Name and Ticker or Trading Symbol
Square, Inc. [SQ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
260 EAST BROWN STREET, SUITE 380
3. Date of Earliest Transaction (Month/Day/Year)
05/06/2016
(Street)

BIRMINGHAM, MI 48009
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction 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 05/06/2016   C   565,210 A $ 0 565,210 I See footnote (1)
Class A Common Stock 05/06/2016   C   29,470 A $ 0 29,470 I See footnote (2)
Class A Common Stock 05/06/2016   C   11,349,190 A $ 0 11,349,190 I See footnote (3)
Class A Common Stock 05/06/2016   C   1,221,170 A $ 0 1,221,170 I See footnote (4)
Class A Common Stock 05/17/2016   J(5)   11,349,190 D $ 0 0 I See footnote (3)
Class A Common Stock 05/19/2016   J(6)   1,221,170 D $ 0 0 I See footnote (4)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction 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
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(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
Class B Common Stock (7) (7) 05/06/2016   C     565,210 (8)   (7)   (7) Class A Common Stock 565,210 $ 0 0 I See footnote (1)
Class B Common Stock (7) (7) 05/06/2016   C     29,470 (8)   (7)   (7) Class A Common Stock 29,470 $ 0 0 I See footnote (2)
Class B Common Stock (7) (7) 05/06/2016   C     11,349,190 (8)   (7)   (7) Class A Common Stock 11,349,190 $ 0 0 I See footnote (3)
Class B Common Stock (7) (7) 05/06/2016   C     1,221,170 (8)   (7)   (7) Class A Common Stock 1,221,170 $ 0 0 I See footnote (4)

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Rizvi Traverse Management, LLC
260 EAST BROWN STREET
SUITE 380
BIRMINGHAM, MI 48009
    X    
Giampetroni John
260 EAST BROWN STREET
SUITE 380
BIRMINGHAM, MI 48009
    X    
RIZVI SUHAIL
260 EAST BROWN STREET
SUITE 380
BIRMINGHAM, MI 48009
    X    
Rizvi Traverse Management II, LLC
260 EAST BROWN STREET
SUITE 380
BIRMINGHAM, MI 48009
    X    
Rizvi Opportunistic Equity Fund II, L.P.
260 EAST BROWN STREET
SUITE 380
BIRMINGHAM, MI 48009
    X    
Rizvi Traverse Partners II, LLC
260 EAST BROWN STREET
SUITE 380
BIRMINGHAM, MI 48009
    X    
RT-SQ Management, LLC
260 EAST BROWN STREET
SUITE 380
BIRMINGHAM, MI 48009
    X    
RT Spartan IV, LLC
260 EAST BROWN STREET
SUITE 380
BIRMINGHAM, MI 48009
    X    
RT SQ Co-Invest, LLC
260 EAST BROWN STREET
SUITE 380
BIRMINGHAM, MI 48009
    X    

Signatures

 Suhail Rizvi, Managing Director Rizvi Traverse Management, LLC   05/19/2016
**Signature of Reporting Person Date

 John Giampetroni   05/19/2016
**Signature of Reporting Person Date

 Suhail Rizvi   05/19/2016
**Signature of Reporting Person Date

 Suhail Rizvi, Managing Director Rizvi Traverse Management II, LLC   05/19/2016
**Signature of Reporting Person Date

 Suhail Rizvi, Managing Director of Rizvi Traverse Management II, LLC, the Manager of Rizvi Opportunistic Equity Fund II, L.P.   05/19/2016
**Signature of Reporting Person Date

 Suhail Rizvi, Managing Director of Rizvi Traverse Management II, LLC, the Manager of Rizvi Traverse Partners II, LLC   05/19/2016
**Signature of Reporting Person Date

 Suhail Rizvi, Managing Director RT-SQ Management, LLC   05/19/2016
**Signature of Reporting Person Date

 Suhail Rizvi, Managing Director of RT-SQ Management, LLC, the Manager of RT Spartan IV, LLC   05/19/2016
**Signature of Reporting Person Date

 Suhail Rizvi, Managing Director of RT-SQ Management, LLC, the Manager of RT SQ Co-Invest, LLC   05/19/2016
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Shares held directly by Rizvi Opportunistic Equity Fund II, L.P. Rizvi Traverse Management II, LLC (the manager of Rizvi Opportunistic Equity Fund II, L.P.), and John Giampetroni and Suhail Rizvi (the managers of Rizvi Traverse Management II, LLC) have sole voting and investment power over the securities held by Rizvi Opportunistic Equity Fund II, L.P. Such persons and entities disclaim beneficial ownership of shares held by Rizvi Opportunistic Equity Fund II, L.P. except to the extent of any 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.
(2) Shares held directly by Rizvi Traverse Partners II, LLC. Rizvi Traverse Management II, LLC (the manager of Rizvi Traverse Partners II, LLC), and John Giampetroni and Suhail Rizvi (the managers of Rizvi Traverse Management II, LLC) have sole voting and investment power over the securities held by Rizvi Traverse Partners II, LLC. Such persons and entities disclaim beneficial ownership of shares held by Rizvi Traverse Partners II, LLC except to the extent of any 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.
(3) Shares held directly by RT Spartan IV, LLC. RT-SQ Management, LLC (the manager of RT Spartan IV, LLC), and John Giampetroni and Suhail Rizvi (the managers of RT-SQ Management, LLC) have sole voting and shared investment power over the securities held by RT Spartan IV, LLC. Such persons and entities disclaim beneficial ownership of shares held by RT Spartan IV, LLC except to the extent of any 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.
(4) Shares held directly by RT SQ Co-Invest, LLC. RT-SQ Management, LLC (the manager of RT SQ Co-Invest, LLC), and John Giampetroni and Suhail Rizvi (the managers of RT-SQ Management, LLC) have sole voting and investment power over the securities held by RT SQ Co-Invest, LLC. Such persons and entities disclaim beneficial ownership of shares held by RT SQ Co-Invest, LLC except to the extent of any 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.
(5) The transaction reported on this line represents a pro rata liquidating distribution, and not a purchase or sale of securities, by RT Spartan IV, LLC, to its members without consideration.
(6) The transaction reported on this line represents a pro rata liquidating distribution, and not a purchase or sale of securities, by RT SQ Co-Invest, LLC, to its members without consideration.
(7) Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date.
(8) The holder elected to convert the shares of Class B Common Stock into Class A Common Stock.
 
Remarks:
This report is filed as one of two to report related transactions for the following filers: Rizvi Traverse Management, LLC; John Giampetroni; Suhail Rizvi; Rizvi Opportunistic Equity Fund, L.P.; Rizvi Opportunistic Equity Fund (TI), L.P.; Rizvi Opportunistic Equity Fund I-B, L.P.; Rizvi Opportunistic Equity Fund I-B (TI), L.P.; Rizvi Traverse Partners, LLC; Rizvi Traverse Management II, LLC; Rizvi Opportunistic Equity Fund II, L.P.; Rizvi Traverse Partners II, LLC; RT-SQ Management, LLC; RT Spartan IV, LLC; and RT SQ Co-Invest, LLC.

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