SEC Form 4 · accession 0001433195-17-000035
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
May 18, 2017
Accepted (ET)
May 19, 2017 · 7:02 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001433195
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F1,F2 | $27.95 | May 18, 2017 | A | 20,000 | A | — | May 17, 2017 | Class A Common Stock | 20,000 | 20,000 | D |
Explanation of responses
- F1The options were granted pursuant to the Issuer's 2015 Stock Incentive Plan.
- F2The options vest based upon the Issuer's achievement relative to pre-established "adjusted gross margin" targets for fiscal year 2019. 50% of the options will vest based on the achievement of a specified targeted amount, and the remaining 50% will vest based on the achievement of a specified higher amount.