SEC Form 4 · accession 0001127602-18-023455
FITBIT INC · FIT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronald W Kisling
Officer — Chief Financial Officer
Period of report
Jul 15, 2018
Accepted (ET)
Jul 17, 2018 · 8:35 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 | 477 | $0.00 | A | 50,013 | D | |
| Class A Common StockF1 | Jul 15, 2018 | M | 1,250 | $0.00 | A | 51,263 | D | |
| Class A Common Stock | Jul 15, 2018 | F | 598 | $6.65 | D | 50,665 | 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 | 477 | D | — | — | Class A Common Stock | 477 | 3,341 | D |
| Restricted Stock UnitsF1,F3 | $0.00 | Jul 15, 2018 | M | 1,250 | D | — | — | Class A Common Stock | 1,250 | 13,750 | 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.
- F21/11th of the RSUs vested on October 15, 2017, and the remainder shall 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 RSUs vested on July 15, 2018, and the remainder shall 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.