SEC Form 4 · accession 0001433195-17-000002
APPFOLIO INC · APPF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian Donahoo
Officer — Chief Executive Officer · Director
Period of report
Jan 18, 2017
Accepted (ET)
Jan 20, 2017 · 5:15 pm EST
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 | Aug 25, 2016 | G | 110,000 | $0.00 | D | 1,096,149 | I | By trust |
| Class B Common StockF1,F2 | Sep 1, 2016 | G | 50,000 | $0.00 | D | 1,046,149 | I | By trust |
| Class B Common StockF1,F2 | Jan 18, 2017 | S | 50,000 | $22.25 | D | 996,149 | I | By trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one share of Class A Common Stock. In addition, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon any transfer, except for any transfers by (i) a partnership or limited liability company that was a registered holder of shares of Class B Common Stock to anyone who was a partner or member of any such partnership or limited liability company prior to June 30, 2015, and (ii) a transfer to a "qualified recipient," as defined in the Issuer's amended and restated certificate of incorporation.
- F2All 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.