SEC Form 4 · accession 0000899243-16-027509
APPFOLIO INC · APPF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Maurice J Duca
10% Owner
Period of report
Aug 17, 2016
Accepted (ET)
Aug 18, 2016 · 2:41 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001433195
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | Aug 17, 2016 | J | 400,000 | — | D | 400,000 | I | By Duca Fund 12 LLC |
| Class A Common StockF2 | holding | — | — | — | 300,070 | D | ||
| Class A Common StockF3 | holding | — | — | — | 191,830 | I | By Pension Plan |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The 400,000 shares of Class A Common Stock (the "Contributed Shares") were contributed to Duca Fund 12, LLC, a newly organized limited liability company (the "LLC) which, prior to such contributions, did not have any assets. The contributions were made by a Pension Plan of which Mr. Duca is the sole trustee. In that capacity, Mr. Duca possessed sole voting and dispositive power with respect to all these Contributed Shares prior to the contribution and he continues to possess sole voting and dispositive power over these same Shares following the contribution, in his capacity as sole manager of the LLC. However, Mr. Duca disclaims beneficial ownership of the Contributed Shares except to the extent of his pecuniary interest therein.
- F2Mr. Duca continues to own these 300,070 Class A Shares directly.
- F3These 191,830 Class A Shares continue to be owned by the Pension Plan of which Mr. Duca is the sole trustee. In that capacity he continues to possess sole voting and investment power over these Class A Shares. However, Mr. Duca does not have and he disclaims any pecuniary interest in these Class A Shares.