SEC Form 4 · accession 0001562180-18-003699
DROPBOX, INC. · DBX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ajay Vashee
Officer — Chief Financial Officer
Period of report
Aug 15, 2018
Accepted (ET)
Aug 17, 2018 · 6:45 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 | Aug 15, 2018 | F | 3,306 | $28.97 | D | 372,847 | D | |
| Class A Common StockF3 | Aug 15, 2018 | C | 4,283 | $0.00 | A | 377,130 | D | |
| Class A Common StockF4 | Aug 15, 2018 | C | 90,682 | $0.00 | A | 467,812 | 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,F6,F5 | — | Aug 15, 2018 | F | 4,215 | D | — | — | Class A Common Stock | 4,215 | 443,512 | D |
| Class B Common StockF6,F3 | — | Aug 15, 2018 | C | 4,283 | D | — | — | Class A Common Stock | 4,283 | 439,229 | D |
| Class B Common StockF6,F4 | — | Aug 15, 2018 | C | 90,682 | D | — | — | Class A Common Stock | 90,682 | 348,547 | D |
Explanation of responses
- F1Represents shares that have been withheld by the Issuer to satisfy income tax withholding and remittance obligations in connection with the vesting and net settlement of restricted stock units previously reported.
- 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 November 15, 2021. In the event the Reporting Person ceases to be a Service Provider, any then unvested restricted stock units will be cancelled by the Issuer.
- F34,283 shares of Class B Common Stock were converted into 4,283 shares of Class A Common Stock at the election of the Reporting Person and had no expiration date.
- F490,682 shares of Class B Common Stock were converted into 90,682 shares of Class A Common Stock at the election of the Reporting Person and had no expiration date.
- F5The 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.
- F6Certain of these securities are restricted stock units. Each restricted stock unit represents the Reporting Person's right to receive one share of Class B Common Stock, subject to the applicable vesting schedule through February 15, 2019. In the event the Reporting Person ceases to be a Service Provider, any then unvested restricted stock units will be cancelled by the Issuer.