SEC Form 4 · accession 0001127602-18-027931
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
Sep 15, 2018
Accepted (ET)
Sep 18, 2018 · 5:33 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 | Sep 15, 2018 | M | 10,312 | $0.00 | A | 60,944 | D | |
| Class A Common StockF1 | Sep 15, 2018 | M | 3,333 | $0.00 | A | 64,277 | D | |
| Class A Common StockF1 | Sep 15, 2018 | M | 8,334 | $0.00 | A | 72,611 | D | |
| Class A Common Stock | Sep 15, 2018 | F | 8,085 | $5.51 | D | 64,526 | 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 | Sep 15, 2018 | M | 10,312 | D | — | — | Class A Common Stock | 10,312 | 61,875 | D |
| Restricted Stock UnitsF1,F3 | $0.00 | Sep 15, 2018 | M | 3,333 | D | — | — | Class A Common Stock | 3,333 | 20,000 | D |
| Restricted Stock UnitsF1,F4 | $0.00 | Sep 15, 2018 | M | 8,334 | D | — | — | Class A Common Stock | 8,334 | 83,333 | 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.