SEC Form 4 · accession 0001562180-18-002558
DROPBOX, INC. · DBX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Condoleezza Rice
Director
Period of report
May 15, 2018
Accepted (ET)
May 17, 2018 · 5:42 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 | May 15, 2018 | C | 53,333 | $0.00 | A | 92,052 | D |
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 | — | May 15, 2018 | C | 53,333 | D | — | — | Class A Common Stock | 53,333 | 0 | D |
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 and had 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.