SEC Form 4 · accession 0001127602-18-036679
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
Dec 15, 2018
Accepted (ET)
Dec 18, 2018 · 7:03 pm EST
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 | Dec 15, 2018 | M | 10,313 | $0.00 | A | 74,839 | D | |
| Class A Common StockF1 | Dec 15, 2018 | M | 3,333 | $0.00 | A | 78,172 | D | |
| Class A Common StockF1 | Dec 15, 2018 | M | 8,333 | $0.00 | A | 86,505 | D | |
| Class A Common Stock | Dec 15, 2018 | F | 10,899 | $4.90 | D | 75,606 | 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 | Dec 15, 2018 | M | 10,313 | D | — | — | Class A Common Stock | 10,313 | 51,562 | D |
| Restricted Stock UnitsF1,F3 | $0.00 | Dec 15, 2018 | M | 3,333 | D | — | — | Class A Common Stock | 3,333 | 16,667 | D |
| Restricted Stock UnitsF1,F4 | $0.00 | Dec 15, 2018 | M | 8,333 | D | — | — | Class A Common Stock | 8,333 | 75,000 | 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.
- F21/3 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 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.