SEC Form 4 · accession 0001140361-16-058111
FITBIT INC · FIT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eric N. Friedman
Officer — CTO · Director · 10% Owner
Period of report
Mar 15, 2016
Accepted (ET)
Mar 16, 2016 · 7:42 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001447599
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F1 | $13.93 | Mar 15, 2016 | A | 151,700 | A | — | Mar 14, 2026 | Class A Common Stock | 151,700 | 151,700 | D |
| Restricted Stock UnitsF2,F3 | $0.00 | Mar 15, 2016 | A | 65,800 | A | — | — | Class A Common Stock | 65,800 | 65,800 | D |
Explanation of responses
- F1The option will vest as to 1/4th of the total number of shares on March 15, 2017, and thereafter shall vest as to 1/16th of the total number of shares in equal quarterly installments, subject to the continuing employment of the Reporting Person on each vesting date.
- F2Each 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.
- F31/4th of the total number of RSUs will vest 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.