SEC Form 4 · accession 0001562180-18-004361
DROPBOX, INC. · DBX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew Houston
Officer — Chief Executive Officer · Director · 10% Owner
Period of report
Oct 30, 2018
Accepted (ET)
Nov 1, 2018 · 6:39 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 | Oct 30, 2018 | C | 739,820 | $0.00 | A | 764,328 | I | See footnote |
| Class A Common StockF3 | holding | — | — | — | 10,333,333 | 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 StockF2,F1 | — | Oct 30, 2018 | C | 739,820 | D | — | — | Class A Common Stock | 739,820 | 7,893,764 | I |
Explanation of responses
- F1739,820 shares of Class B Common Stock were converted into 739,820 shares of Class A Common Stock at the election of the Reporting Person and had no expiration date.
- F2Shares held by the Houston Remainder Trust u/a/d 12/30/2010, for which reporting person serves as trustee.
- F3These securities are restricted stock awards of Class A Common Stock. The restricted stock awards vest over a period of up to ten years following the closing of the Issuer's initial public offering of Class A Common Stock, or March 27, 2028, upon achievement of service-based, market-based, and liquidity event-related performance vesting conditions.