SEC Form 4 · accession 0001140361-16-086799

FITBIT INC · FIT

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — EVP, GC, & SECRETARY

Period of report

Nov 11, 2016

Accepted (ET)

Nov 15, 2016 · 4:22 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 Stock^F1	Nov 11, 2016	C	20,000	—	A	55,000	D

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,F2	$0.2767	Nov 11, 2016	M	20,000	D	—	Mar 26, 2023	Class B Common Stock	20,000	400,353	D
Class B Common Stock^F1	—	Nov 11, 2016	M	20,000	A	—	—	Class A Common Stock	20,000	20,000	D
Class B Common Stock^F1	—	Nov 11, 2016	C	20,000	D	—	—	Class A Common Stock	20,000	0	D

F1Each 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.
F2The option vested as to 1/4th of the total number of shares on March 26, 2014, and thereafter vested and shall continue to vest as to 1/48th of the total number of shares in equal monthly installments.