SEC Form 4 · accession 0001562180-18-002103
DROPBOX, INC. · DBX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul E Jacobs
Director
Period of report
Apr 27, 2018
Accepted (ET)
May 1, 2018 · 6:58 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001467623
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1,F2 | Apr 27, 2018 | C | 53,333 | $0.00 | A | 67,619 | D | |
| Class A Common StockF3,F4 | Apr 27, 2018 | C | 172,711 | $0.00 | A | 172,711 | I | See footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Class B Common StockF1 | — | Apr 27, 2018 | C | 53,333 | D | — | — | Class A Common Stock | 53,333 | 0 | D |
| Class B Common StockF4,F3 | — | Apr 27, 2018 | C | 172,711 | D | — | — | Class A Common Stock | 172,711 | 0 | I |
Explanation of responses
- F153,333 shares of Class B Common Stock were converted into 53,333 shares of Class A Common Stock at the election of the Reporting Person. The Issuer's Class B Common Stock is convertible into the Issuer's Class A Common Stock on a one-for-one basis at the Reporting Person's election and has no expiration date.
- F2Certain of these securities are restricted stock units. Each restricted stock unit represents the Reporting Person's right to receive one share of Class A Common Stock, subject to the applicable vesting schedule through the earlier of May 15, 2019 or the date of the Issuer's next annual meeting of stockholders. In the event the Reporting Person ceases to be a Service Provider, the unvested restricted stock units will be cancelled by the Issuer.
- F3172,711 shares of Class B Common Stock were converted into 172,711 shares of Class A Common Stock at the election of the Reporting Person. The Issuer's Class B Common Stock is convertible into the Issuer's Class A Common Stock on a one-for-one basis at the Reporting Person's election and has no expiration date.
- F4Shares are held by Paul E. Jacobs Trust u/a/d November 7, 2014, for which the Reporting Person serves as trustee.