SEC Form 4 · accession 0001140361-17-035975
FITBIT INC · FIT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Park
Officer — PRESIDENT, CEO, COB · Director · 10% Owner
Period of report
Sep 15, 2017
Accepted (ET)
Sep 19, 2017 · 7:48 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 | 7,662 | $0.00 | A | 42,212 | D | |
| Class A Common Stock | Sep 15, 2017 | M | 16,666 | $0.00 | A | 58,878 | 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 UnitsF3,F4 | $0.00 | Sep 15, 2017 | M | 7,662 | D | — | — | Class A Common Stock | 7,662 | 76,625 | D |
| Restricted Stock UnitsF3,F5 | $0.00 | Sep 15, 2017 | M | 16,666 | D | — | — | Class A Common Stock | 16,666 | 166,667 | 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.
- F2Vesting of RSUs granted to the Reporting Person on August 4, 2017. 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.
- F3Each RSU represents a contingent right to receive 1 share of the Issuer's Class A common stock upon settlement for no consideration.
- F41/4th 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.
- F51/12th of the total number of RSUs granted vested on August 4, 2017. An additional 1/12th of the total number of RSUs granted vested and shall continue to vest in equal quarterly installments beginning on September 15, 2017, 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.