SEC Form 4 · accession 0001127602-18-036686
FITBIT INC · FIT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andy Missan
Officer — EVP, General Counsel, Sect.
Period of report
Dec 15, 2018
Accepted (ET)
Dec 18, 2018 · 7:28 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 | 1,138 | $0.00 | A | 174,999 | D | |
| Class A Common StockF1 | Dec 15, 2018 | M | 10,417 | $0.00 | A | 185,416 | D | |
| Class A Common StockF1 | Dec 15, 2018 | M | 10,417 | $0.00 | A | 195,833 | D | |
| Class A Common StockF1 | Dec 15, 2018 | M | 7,500 | $0.00 | A | 203,333 | D | |
| Class A Common Stock | Dec 15, 2018 | F | 14,614 | $4.90 | D | 188,719 | D | |
| Class A Common Stock | Dec 18, 2018 | S | 110,000 | $5.00 | D | 78,719 | 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 UnitsF3,F4 | $0.00 | Dec 15, 2018 | M | 1,138 | D | — | — | Class A Common Stock | 1,138 | 5,687 | D |
| Restricted Stock UnitsF3,F5 | $0.00 | Dec 15, 2018 | M | 10,417 | D | — | — | Class A Common Stock | 10,417 | 52,083 | D |
| Restricted Stock UnitsF3,F6 | $0.00 | Dec 15, 2018 | M | 10,417 | D | — | — | Class A Common Stock | 10,417 | 52,083 | D |
| Restricted Stock UnitsF1,F7 | $0.00 | Dec 15, 2018 | M | 7,500 | D | — | — | Class A Common Stock | 7,500 | 67,500 | 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.
- F2The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- F3Each 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.
- F41/4th of the total number of RSUs vested on March 15, 2017, and thereafter shall vest as to 1/16th of the total number of RSUs in equal quarterly 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.
- F51/12 of the RSUs vested on June 15, 2017, 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.
- F61/12th 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.
- F71/12 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.