SEC Form 4 · accession 0001209191-15-022598

GoPro, Inc. · GPRO

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Anthony John Bates

Officer — President · Director

Period of report

Mar 2, 2015

Accepted (ET)

Mar 4, 2015 · 7:36 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001500435

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Class A Common Stock^F1	Mar 2, 2015	C	8,474	$0.00	A	28,437	D

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Unit^F2,F3,F4	—	Mar 2, 2015	M	15,547	D	—	—	Class B Common Stock	15,547	202,109	D
Class B Common Stock^F4	—	Mar 2, 2015	M	15,547	A	—	—	Class A Common Stock	15,547	310,594	D
Class B Common Stock^F4	—	Mar 2, 2015	F	7,073	D	—	—	Class A Common Stock	7,073	303,521	D
Class B Common Stock^F4	—	Mar 2, 2015	C	8,474	D	—	—	Class A Common Stock	8,474	295,047	D

Explanation of responses

F1Includes 2,083 shares acquired under the Issuer's employee stock purchase plan on February 13, 2015.
F2Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class B Common Stock.
F36.25% of the underlying shares vested on September 2, 2014, and 6.25% of the underlying shares vest on each three month anniversary thereafter, subject to the Reporting Person's continuous service.
F4Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock and has no expiration date. The Class B Common Stock is also convertible into Class A Common Stock on the same basis upon any transfer, whether or not for value, except for "Permitted Transfers" as defined in the Issuer's restated certificate of incorporation in effect as of the date hereof. Each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon the date when the outstanding shares of Class B Common Stock represent less than 10% of the aggregate number of shares of Common Stock then outstanding.
F5Exempt transaction pursuant to Section 16b-3(e) - Payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting of restricted stock units. The Reporting Person did not sell or otherwise dispose of any of the shares reported on this Form 4 for any reason other than to cover required taxes.