SEC Form 4 · accession 0001433195-18-000033
APPFOLIO INC · APPF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ida Kathleen Kane
Officer — Chief Financial Officer
Period of report
May 1, 2018
Accepted (ET)
May 3, 2018 · 5:00 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 Stock | May 1, 2018 | C | 5,000 | $0.00 | A | 5,000 | D | |
| Class A Common StockF1 | May 1, 2018 | S | 977 | $50.00 | D | 4,023 | D | |
| Class A Common StockF1 | May 2, 2018 | S | 4,023 | $50.00 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Class B Common StockF2,F3 | $0.00 | May 1, 2018 | C | 5,000 | D | — | — | Class A Common Stock | 5,000 | 56,936 | D |
Explanation of responses
- F1These shares were sold pursuant to a Rule 10b5-1 plan adopted by Ms. Kane on or around November 16, 2017.
- 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.
- F3Each 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 at the effective time, and (ii) a transfer to a "qualified recipient," as defined in the Issuer's amended and restated certificate of incorporation. The shares of Class B Common Stock have no expiration date.