SEC Form 4/A · accession 0001140361-16-075036
FITBIT INC · FIT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Timothy M. Roberts
Officer — EVP, INTERACTIVE
Period of report
May 2, 2016
Accepted (ET)
Aug 5, 2016 · 4:12 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)F2,F3 | $0.0459 | May 2, 2016 | M | 47,470 | D | — | Nov 9, 2020 | Class B Common Stock | 47,470 | 1,181,377 | D |
| Class B Common StockF3,F4 | — | May 2, 2016 | M | 47,470 | A | — | — | Class A Common Stock | 47,470 | 256,948 | D |
| Class B Common StockF3 | — | holding | — | — | — | — | — | Class A Common Stock | 26,526 | 26,526 | I |
| Class B Common StockF3 | — | holding | — | — | — | — | — | Class A Common Stock | 26,526 | 26,526 | I |
Explanation of responses
- F1This option exercise was inadvertently omitted from the Form 4 filed on May 3, 2016. The shares of Class B Common Stock acquired pursuant to this option exercise were converted into Class A Common Stock and sold, as previously reported in the original Form 4.
- F2The option vested as to 1/4th of the total number of shares on September 24, 2011, and thereafter vested and shall continue to vest as to 1/48th of the total number of shares in equal monthly installments.
- F3Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock and has no expiration date. The Class B Common Stock will convert automatically into Class A Common Stock on the same basis upon the earlier of: (i) any transfer, whether or not for value, except for certain "Permitted Transfers" as defined in the Issuer's restated certificate of incorporation in effect as of the date hereof, (ii) the affirmative vote of the holders of Class B Common Stock representing not less than a majority of the outstanding shares of Class B Common Stock, or (iii) June 17, 2027.
- F4Reflects an adjustment of 47,470 shares to correct the error described in footnote 1.