SEC Form 4 · accession 0001127602-18-023454
FITBIT INC · FIT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andy Missan
Officer — EVP, General Counsel, Sect.
Period of report
Jul 15, 2018
Accepted (ET)
Jul 17, 2018 · 8:33 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 StockF1 | Jul 15, 2018 | M | 4,983 | $0.00 | A | 164,742 | D | |
| Class A Common StockF1 | Jul 15, 2018 | M | 1,900 | $0.00 | A | 166,642 | D | |
| Class A Common StockF1 | Jul 15, 2018 | M | 2,288 | $0.00 | A | 168,930 | D | |
| Class A Common Stock | Jul 15, 2018 | F | 4,549 | $6.65 | D | 164,381 | 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 | Jul 15, 2018 | M | 4,983 | D | — | — | Class A Common Stock | 4,983 | 29,897 | D |
| Restricted Stock UnitF1,F3 | $0.00 | Jul 15, 2018 | M | 1,900 | D | — | — | Class A Common Stock | 1,900 | 13,300 | D |
| Restricted Stock UnitsF1,F3 | $0.00 | Jul 15, 2018 | M | 2,288 | D | — | — | Class A Common Stock | 2,288 | 16,018 | 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.
- F21/10 of the RSUs will vest on October 15, 2017, and the remainder will vest quarterly over the next 9 quarters 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.
- F31/11 of the RSUs will vest on October 15, 2017, and the remainder will vest quarterly over the next 10 quarters 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.