SEC Form 4 · accession 0001433195-16-000054
APPFOLIO INC · APPF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jason Robert Randall
Officer — SVP, AppFolio Property Manager
Period of report
Sep 30, 2016
Accepted (ET)
Oct 3, 2016 · 8:37 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 B Common StockF1,F2 | Sep 30, 2016 | S | 7,500 | $19.44 | D | 72,500 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1All outstanding shares of Class B Common Stock will convert automatically into shares of Class A Common Stock, on a one share for one share basis, on the date when the number of the Issuer's outstanding shares of Class B Common Stock represents less than 10% of the sum of its outstanding shares of Class A Common Stock and Class B Common Stock.
- F2Includes shares issued pursuant to a Restricted Stock Purchase Agreement of which 21,355 shares have vested as of the date of this filing with vesting thereafter at a rate of 521 shares per month. The unvested shares are subject to vesting through April 18, 2017 that may be repurchased by Appfolio, Inc. (the "Issuer") at the original purchase price. All repurchase rights will automatically terminate immediately prior to the consummation of a change in control and will vest in full.