SEC Form 4 · accession 0001140361-17-035971
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
Sep 15, 2017
Accepted (ET)
Sep 19, 2017 · 7:46 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 | Sep 15, 2017 | M | 4,112 | $0.00 | A | 16,692 | 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 | Sep 15, 2017 | M | 4,112 | D | — | — | Class A Common Stock | 4,112 | 41,125 | D |
Explanation of responses
- F1Vesting of restricted stock units ("RSUs") granted to the Reporting Person on March 15, 2016. Shares of the Issuer's Class A common stock will be delivered to the Reporting Person upon settlement at a later date for no consideration.
- F2Each 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 vested on March 15, 2017, and thereafter vested and shall continue to 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 following vesting.