SEC Form 4 · accession 0001209191-16-153774
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
Dec 2, 2016
Accepted (ET)
Dec 6, 2016 · 8:36 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 | Dec 2, 2016 | C | 7,434 | $0.00 | A | 383,304 | D | |
| Class A Common StockF1,F2 | Dec 6, 2016 | S | 7,434 | $9.68 | D | 375,870 | 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 UnitF3,F4,F5 | — | Dec 2, 2016 | M | 15,547 | D | — | — | Class B Common Stock | 15,547 | 93,281 | D |
| Class B Common StockF5 | — | Dec 2, 2016 | M | 15,547 | A | — | — | Class A Common Stock | 15,547 | 15,547 | D |
| Class B Common StockF5 | — | Dec 2, 2016 | F | 8,113 | D | — | — | Class A Common Stock | 8,113 | 7,434 | D |
| Class B Common StockF5 | — | Dec 2, 2016 | C | 7,434 | D | — | — | Class A Common Stock | 7,434 | 0 | D |
Explanation of responses
- F1The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- F2The price reported is a weighted average price. These shares of Class A Common Stock were sold in multiple transactions at sales prices ranging from $9.61 to $9.765, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F3Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class B Common Stock.
- F46.25% 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.
- F5Each 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.
- F6Exempt 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. The shares reported as disposed of on this line item 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.