SEC Form 4 · accession 0001127602-18-021488
FITBIT INC · FIT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William Zerella
Officer — CFO
Period of report
Jun 15, 2018
Accepted (ET)
Jun 19, 2018 · 6:45 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 | 2,413 | $0.00 | A | 44,224 | D | |
| Class A Common Stock | Jun 15, 2018 | M | 8,334 | $0.00 | A | 52,558 | D | |
| Class A Common Stock | Jun 15, 2018 | F | 3,717 | $7.42 | D | 48,841 | D | |
| Class A Common Stock | Jun 16, 2018 | M | 15,833 | $0.00 | A | 64,674 | D | |
| Class A Common Stock | holding | — | — | — | 43,605 | I | By Family Trust |
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 | 2,413 | D | — | — | Class A Common Stock | 2,413 | 16,887 | D |
| Restricted Stock UnitsF1,F3 | $0.00 | Jun 15, 2018 | M | 8,334 | D | — | — | Class A Common Stock | 8,334 | 58,333 | D |
| Restricted Stock UnitsF4,F1,F5 | $0.00 | Jun 16, 2018 | A | 15,833 | A | — | — | Class A Common Stock | 15,833 | 15,833 | D |
| Restricted Stock UnitsF1,F5 | $0.00 | Jun 16, 2018 | M | 15,833 | D | — | — | Class A Common Stock | 15,833 | 0 | 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.
- F21/4th of the total number of RSUs vested on March 15, 2017, and thereafter shall vest as to 1/16th of the total number of RSUs in equal quarterly 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.
- 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 or 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.
- F4These RSUs were granted pursuant to a consulting agreement entered into by and between the Issuer and the Reporting Person effective as of June 16, 2018.
- F5The RSUs were fully vested upon grant. Shares of the Issuer's Class A common stock will be delivered to the Reporting Person following vesting.