SEC Form 4 · accession 0001127602-18-021479
FITBIT INC · FIT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey P Devine
Officer — EVP of Operations
Period of report
Jun 15, 2018
Accepted (ET)
Jun 19, 2018 · 6:34 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001447599
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Jun 15, 2018 | M | 10,313 | $0.00 | A | 46,567 | D | |
| Class A Common Stock | Jun 15, 2018 | M | 3,334 | $0.00 | A | 49,901 | D | |
| Class A Common Stock | Jun 15, 2018 | M | 8,333 | $0.00 | A | 58,234 | D | |
| Class A Common Stock | Jun 15, 2018 | F | 7,602 | $7.42 | D | 50,632 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | $0.00 | Jun 15, 2018 | M | 10,313 | D | — | — | Class A Common Stock | 10,313 | 72,187 | D |
| Restricted Stock UnitsF1,F3 | $0.00 | Jun 15, 2018 | M | 3,334 | D | — | — | Class A Common Stock | 3,334 | 23,333 | D |
| Restricted Stock UnitsF1,F4 | $0.00 | Jun 15, 2018 | M | 8,333 | D | — | — | Class A Common Stock | 8,333 | 91,667 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") represents a contingent right to receive 1 share of the Issuer's Class A common stock upon settlement for no consideration.
- F21/3 of the RSUs vested on March 15, 2018, and the remainder will vest on each quarterly anniversary thereafter in equal installments, until such time as the RSUs are 100% vested, subject to the continuing service of the Reporting Person on each vesting date. Shares of the Issuer's Class A common stock will be delivered to the Reporting Person upon vesting.
- F31/12th of the total number of RSUs granted vested on August 4, 2017. An additional 1/12th of the total number of RSUs granted vested and shall continue to vest in equal quarterly installments beginning on September 15, 2017, until such time as the RSUs are 100% vested, subject to the continuing employment of the Reporting Person on each vesting date. Shares of the Issuer's Class A common stock will be delivered to the Reporting Person upon vesting.
- F41/12 of the RSUs vested on June 15, 2018, and the remainder will vest on each quarterly anniversary thereafter in equal installments, until such time as the RSUs are 100% vested, subject to the continuing employment of the Reporting Person on each vesting date. Shares of the Issuer's Class A common stock will be delivered to the Reporting Person upon vesting.