SEC Form 4 · accession 0001127602-18-030521
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
Oct 15, 2018
Accepted (ET)
Oct 17, 2018 · 4:33 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 | Oct 15, 2018 | M | 477 | $0.00 | A | 65,826 | D | |
| Class A Common StockF1 | Oct 15, 2018 | M | 1,250 | $0.00 | A | 67,076 | D | |
| Class A Common Stock | Oct 15, 2018 | F | 598 | $4.62 | D | 66,478 | 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 | Oct 15, 2018 | M | 477 | D | — | — | Class A Common Stock | 477 | 2,864 | D |
| Restricted Stock UnitsF1,F3 | $0.00 | Oct 15, 2018 | M | 1,250 | D | — | — | Class A Common Stock | 1,250 | 12,500 | 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 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.
- F31/12th of the RSUs vested on July 15, 2018, and the remainder will vest quarterly over the next 11 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.