SEC Form 4 · accession 0001209191-15-050324
GoPro, Inc. · GPRO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter C Gotcher
Director
Period of report
Jun 2, 2015
Accepted (ET)
Jun 4, 2015 · 8:25 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001500435
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1,F2,F3 | — | Jun 2, 2015 | M | 408 | D | — | — | Class B Common Stock | 408 | 0 | D |
| Class B Common StockF3 | — | Jun 2, 2015 | M | 408 | A | — | — | Class A Common Stock | 408 | 1,630 | D |
| Class B Common StockF3 | — | holding | — | — | — | — | — | Class A Common Stock | 54,348 | 54,348 | I |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class B Common Stock.
- F225% of the underlying shares vested on September 2, 2014, and 25% of the underlying shares vest on each three month anniversary thereafter, subject to the Reporting Person's continuous service.
- F3Each 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.
Remarks
No shares were sold in transactions covered by this report.