SEC Form 4 · accession 0001127602-18-036681
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
Dec 15, 2018
Accepted (ET)
Dec 18, 2018 · 7:05 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 | 281 | $0.00 | A | 68,121 | D | |
| Class A Common StockF1 | Dec 15, 2018 | M | 3,583 | $0.00 | A | 71,704 | D | |
| Class A Common StockF1 | Dec 15, 2018 | M | 9,000 | $0.00 | A | 80,704 | D | |
| Class A Common Stock | Dec 15, 2018 | F | 4,450 | $4.90 | D | 76,254 | 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 | 281 | D | — | — | Class A Common Stock | 281 | 1,406 | D |
| Restricted Stock UnitsF1,F3 | $0.00 | Dec 15, 2018 | M | 3,583 | D | — | — | Class A Common Stock | 3,583 | 32,250 | D |
| Restricted Stock UnitsF1,F4 | $0.00 | Dec 15, 2018 | M | 9,000 | D | — | — | Class A Common Stock | 9,000 | 90,000 | 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.
- F31/12 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.
- F41/12th 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.