SEC Form 4 · accession 0001140361-17-022849
FITBIT INC · FIT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher B Paisley
Director
Period of report
May 25, 2017
Accepted (ET)
May 30, 2017 · 4:59 pm EDT
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 | May 25, 2017 | M | 11,442 | $0.00 | A | 11,442 | 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 UnitsF2,F3 | $0.00 | May 25, 2017 | M | 11,442 | D | — | — | Class A Common Stock | 11,442 | 0 | D |
| Restricted Stock UnitsF2,F4 | $0.00 | May 25, 2017 | A | 30,890 | A | — | — | Class A Common Stock | 30,890 | 30,890 | D |
Explanation of responses
- F1Vesting of restricted stock units ("RSUs") granted to the Reporting Person on May 26, 2016.
- F2Each RSU represents a contingent right to receive 1 share of the Issuer's Class A common stock upon settlement for no consideration.
- F3100% of the RSUs vested on May 26, 2017. Shares of the Issuer's Class A common stock were delivered to the Reporting Person upon vesting.
- F4100% of the RSUs will vest on the earlier of May 25, 2018 or the date of the Issuer's 2018 annual stockholders meeting. Shares of the Issuer's Class A common stock will be delivered to the Reporting Person upon vesting.