SEC Form 4 · accession 0001127602-18-027934
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
Sep 15, 2018
Accepted (ET)
Sep 18, 2018 · 5:35 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 | Sep 15, 2018 | M | 282 | $0.00 | A | 52,310 | D | |
| Class A Common StockF1 | Sep 15, 2018 | M | 7,500 | $0.00 | A | 59,810 | D | |
| Class A Common StockF1 | Sep 15, 2018 | M | 3,584 | $0.00 | A | 63,394 | D | |
| Class A Common StockF1 | Sep 15, 2018 | M | 9,000 | $0.00 | A | 72,394 | D | |
| Class A Common Stock | Sep 15, 2018 | F | 7,045 | $5.51 | D | 65,349 | 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 | 282 | D | — | — | Class A Common Stock | 282 | 1,687 | D |
| Restricted Stock UnitsF1,F3 | $0.00 | Sep 15, 2018 | M | 7,500 | D | — | — | Class A Common Stock | 7,500 | 7,500 | D |
| Restricted Stock UnitsF1,F4 | $0.00 | Sep 15, 2018 | M | 3,584 | D | — | — | Class A Common Stock | 3,584 | 35,833 | D |
| Restricted Stock UnitsF1,F5 | $0.00 | Sep 15, 2018 | M | 9,000 | D | — | — | Class A Common Stock | 9,000 | 99,000 | 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.
- F21/4 of the RSUs vested on March 15, 2017, 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.
- F31/4th of the RSUs vested on September 15, 2017, and thereafter vested and shall continue to vest in equal semi-annual installments beginning on March 15, 2018, 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.
- F51/12th of the RSUs vested on September 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.