SEC Form 4 · accession 0001562180-18-004622
DROPBOX, INC. · DBX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy Regan
Officer — Chief Accounting Officer
Period of report
Nov 15, 2018
Accepted (ET)
Nov 19, 2018 · 7:53 pm EST
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 | Nov 15, 2018 | C | 3,396 | $0.00 | A | 83,845 | D | |
| Class A Common StockF3,F2 | Nov 15, 2018 | F | 1,561 | $23.56 | D | 82,284 | 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 StockF4,F1 | — | Nov 15, 2018 | C | 3,396 | D | — | — | Class A Common Stock | 3,396 | 52,854 | D |
| Class B Common StockF3,F4,F5 | — | Nov 15, 2018 | F | 2,854 | D | — | — | Class A Common Stock | 2,854 | 50,000 | D |
Explanation of responses
- F13,396 shares of Class B Common Stock were converted into 3,396 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 February 15, 2022. In the event the Reporting Person ceases to be a Service Provider, any then unvested restricted stock units will be cancelled by the Issuer.
- F3Represents 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.
- F4These 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 November 15, 2020. In the event the Reporting Person ceases to be a Service Provider, any then unvested restricted stock units will be cancelled by the Issuer.
- 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.