SEC Form 4 · accession 0001562180-18-004699
DROPBOX, INC. · DBX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bart Volkmer
Officer — General Counsel
Period of report
Nov 21, 2018
Accepted (ET)
Nov 26, 2018 · 7:25 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 21, 2018 | C | 3,848 | $0.00 | A | 205,576 | D | |
| Class A Common StockF4,F2 | Nov 21, 2018 | S | 4,303 | $21.8201 | D | 201,273 | 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 StockF5,F1 | — | Nov 21, 2018 | C | 3,848 | D | — | — | Class A Common Stock | 3,848 | 285,984 | D |
Explanation of responses
- F13,848 shares of Class B Common Stock were converted into 3,848 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 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.
- F3These shares were sold pursuant to a Rule 10b5-1 trading plan entered into by the Reporting Person.
- F4This transaction was executed in multiple trades at prices ranging from $21.30 to $22.01. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F5Certain 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 August 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.