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)
11/24/2015
(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
Common Stock 11/24/2015   C   87,420 A (1) 87,420 I See footnote (2)
Common Stock 11/24/2015   C   17,560 A (1) 17,560 I See footnote (3)
Common Stock 11/24/2015   C   249,500 A (1) 249,500 I See footnote (4)
Common Stock 11/24/2015   C   59,250 A (1) 59,250 I See footnote (5)
Common Stock 11/24/2015   C   40,210 A (1) 40,210 I See footnote (6)
Common Stock 11/24/2015   J(7)   87,420 D (7) 0 I See footnote (2)
Common Stock 11/24/2015   J(7)   17,560 D (7) 0 I See footnote (3)
Common Stock 11/24/2015   J(7)   249,500 D (7) 0 I See footnote (4)
Common Stock 11/24/2015   J(7)   59,250 D (7) 0 I See footnote (5)
Common Stock 11/24/2015   J(7)   40,210 D (7) 0 I See footnote (6)

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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
Series D Preferred Stock (1) 11/24/2015   C     87,420   (1)   (1) Common Stock 87,420 $ 0 0 I See footnote (2)
Series D Preferred Stock (1) 11/24/2015   C     17,560   (1)   (1) Common Stock 17,560 $ 0 0 I See footnote (3)
Series D Preferred Stock (1) 11/24/2015   C     249,500   (1)   (1) Common Stock 249,500 $ 0 0 I See footnote (4)
Series D Preferred Stock (1) 11/24/2015   C     59,250   (1)   (1) Common Stock 59,250 $ 0 0 I See footnote (5)
Series D Preferred Stock (1) 11/24/2015   C     40,210   (1)   (1) Common Stock 40,210 $ 0 0 I See footnote (6)
Class B Common Stock (7) (8) (8) 11/24/2015   J(7)   87,420     (8)   (8) Class A Common Stock 87,420 $ 0 87,420 I See footnote (2)
Class B Common Stock (7) (8) (8) 11/24/2015   J(7)   17,560     (8)   (8) Class A Common Stock 17,560 $ 0 17,560 I See footnote (3)
Class B Common Stock (7) (8) (8) 11/24/2015   J(7)   249,500     (8)   (8) Class A Common Stock 249,500 $ 0 249,500 I See footnote (4)
Class B Common Stock (7) (8) (8) 11/24/2015   J(7)   59,250     (8)   (8) Class A Common Stock 59,250 $ 0 59,250 I See footnote (5)
Class B Common Stock (7) (8) (8) 11/24/2015   J(7)   40,210     (8)   (8) Class A Common Stock 40,210 $ 0 40,210 I See footnote (6)

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 Opportunistic Equity Fund, L.P.
260 EAST BROWN STREET
SUITE 380
BIRMINGHAM, MI 48009
    X    
Rizvi Opportunistic Equity Fund (TI), L.P.
260 EAST BROWN STREET
SUITE 380
BIRMINGHAM, MI 48009
    X    
Rizvi Opportunistic Equity Fund I-B, L.P.
260 EAST BROWN STREET
SUITE 380
BIRMINGHAM, MI 48009
    X    
Rizvi Opportunistic Equity Fund I-B (TI), L.P.
260 EAST BROWN STREET
SUITE 380
BIRMINGHAM, MI 48009
    X    
Rizvi Traverse Partners, LLC
260 EAST BROWN STREET
SUITE 380
BIRMINGHAM, MI 48009
    X    

Signatures

 Suhail Rizvi, Managing Director, Rizvi Traverse Management, LLC   11/24/2015
**Signature of Reporting Person Date

 John Giampetroni   11/24/2015
**Signature of Reporting Person Date

 Suhail Rizvi   11/24/2015
**Signature of Reporting Person Date

 Suhail Rizvi, Managing Director of Rizvi Traverse Management, LLC, the General Partner of Rizvi Opportunistic Equity Fund, L.P   11/24/2015
**Signature of Reporting Person Date

 Suhail Rizvi, Managing Director of Rizvi Traverse Management, LLC, the General Partner of Rizvi Opportunistic Equity Fund (TI), L.P.   11/24/2015
**Signature of Reporting Person Date

 Suhail Rizvi, Managing Director of Rizvi Traverse Management, LLC, the General Partner of Rizvi Opportunistic Equity Fund I-B, L.P.   11/24/2015
**Signature of Reporting Person Date

 Suhail Rizvi, Managing Director of Rizvi Traverse Management, LLC, the General Partner of Rizvi Opportunistic Equity Fund I-B (TI), L.P.   11/24/2015
**Signature of Reporting Person Date

 Suhail Rizvi, Managing Director of Rizvi Traverse Management, LLC, the Manager of Rizvi Traverse Partners, LLC   11/24/2015
**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) The Series D Preferred Stock automatically converted into Common Stock on a 1:1 basis immediately prior to the closing of the Issuer's initial public offering, and had no expiration date.
(2) Shares held directly by Rizvi Opportunistic Equity Fund, L.P. Rizvi Traverse Management, LLC (the general partner of Rizvi Opportunistic Equity Fund, L.P.), and John Giampetroni and Suhail Rizvi (the managers of Rizvi Traverse Management, LLC) have sole voting and investment power over the securities held by Rizvi Opportunistic Equity Fund, L.P. Such persons and entities disclaim beneficial ownership of shares held by Rizvi Opportunistic Equity Fund, 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.
(3) Shares held directly by Rizvi Opportunistic Equity Fund (TI), L.P. Rizvi Traverse Management, LLC (the general partner of Rizvi Opportunistic Equity Fund (TI), L.P.), and John Giampetroni and Suhail Rizvi (the managers of Rizvi Traverse Management, LLC) have sole voting and investment power over the securities held by Rizvi Opportunistic Equity Fund (TI), L.P. Such persons and entities disclaim beneficial ownership of shares held by Rizvi Opportunistic Equity Fund (TI), 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.
(4) Shares held directly by Rizvi Opportunistic Equity Fund I-B, L.P. Rizvi Traverse Management, LLC (the general partner of Rizvi Opportunistic Equity Fund I-B, L.P.), and John Giampetroni and Suhail Rizvi (the managers of Rizvi Traverse Management, LLC) have sole voting and investment power over the securities held by Rizvi Opportunistic Equity Fund I-B, L.P. Such persons and entities disclaim beneficial ownership of shares held by Rizvi Opportunistic Equity Fund I-B, 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.
(5) Shares held directly by Rizvi Opportunistic Equity Fund I-B (TI), L.P. Rizvi Traverse Management, LLC (the general partner of Rizvi Opportunistic Equity Fund I-B (TI), L.P.), and John Giampetroni and Suhail Rizvi (the managers of Rizvi Traverse Management, LLC) have sole voting and investment power over the securities held by Rizvi Opportunistic Equity Fund I-B (TI), L.P. Such persons and entities disclaim beneficial ownership of shares held by Rizvi Opportunistic Equity Fund I-B (TI), 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.
(6) Shares held directly by Rizvi Traverse Partners, LLC. Rizvi Traverse Management, LLC (the manager of Rizvi Traverse Partners, LLC), and John Giampetroni and Suhail Rizvi (the managers of Rizvi Traverse Management, LLC) have sole voting and investment power over the securities held by Rizvi Traverse Partners, LLC. Such persons and entities disclaim beneficial ownership of shares held by Rizvi Traverse Partners, 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.
(7) Immediately prior to the closing of the Issuer's initial public offering and following the conversion of each series of the Issuer's convertible preferred stock into Common Stock, each share of Common Stock was reclassified into one share of Class B Common Stock in an exempt transaction pursuant to Rule 16b-7.
(8) 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.
 
Remarks:
This report is filed as one of three 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; RT SQ Co-Invest, LLC; Rizvi Traverse CI GP, LLC; RT SQ Secondary, LLC; RT SQ Co-Invest II, LLC; RT-SQ TS, LLC; and RT SQ Special Opportunities, LLC.

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