RAUTH WILLIAM R III 4

Accession 0000899243-21-038058

CIK 0001433195other

View on SEC.gov Company Profile

Filed

Sep 27, 8:00 PM ET

Accepted

Sep 28, 3:52 PM ET

Size

36.8 KB

Accession

0000899243-21-038058

Insider Transaction Report

Form 4

Period: 2021-09-24

APPFOLIO INCAPPF

RAUTH WILLIAM R III

Director10% Owner

Transactions

Conversion
Class A Common Stock
2021-09-24+72,859→ 72,859 total
Conversion
Class B Common Stock
2021-09-24−72,859→ 0 total
Exercise: $0.00→ Class A Common Stock (72,859 underlying)

Holdings

Class A Common Stock
(indirect: By LLC)
13,072
Class B Common Stock
(indirect: By LLC)
Exercise: $0.00→ Class A Common Stock
993,627
Class A Common Stock
(indirect: See Footnote)
4,000
Class A Common Stock
(indirect: See Footnote)
4,000
Class B Common Stock
(indirect: See Footnote)
Exercise: $0.00→ Class A Common Stock
9,129
Class B Common Stock
(indirect: See Footnote)
Exercise: $0.00→ Class A Common Stock
1,407
Class A Common Stock
(indirect: See Footnote)
4,000
Class A Common Stock
(indirect: See Footnote)
4,000
Class A Common Stock
(indirect: See Footnote)
4,000
Class A Common Stock
(indirect: See Footnote)
4,000
Class A Common Stock
(indirect: See Footnote)
4,000
Class A Common Stock
(indirect: See Footnote)
4,000
Class A Common Stock
(indirect: See Footnote)
4,000
Class B Common Stock
(indirect: By LLC)
Exercise: $0.00→ Class A Common Stock
3,554,584
Class B Common Stock
(indirect: See Footnote)
Exercise: $0.00→ Class A Common Stock
9,119
Class B Common Stock
(indirect: See Footnote)
Exercise: $0.00→ Class A Common Stock
9,129
Class B Common Stock
(indirect: See Footnote)
Exercise: $0.00→ Class A Common Stock
9,119
Class B Common Stock
(indirect: See Footnote)
Exercise: $0.00→ Class A Common Stock
9,119
Class B Common Stock
(indirect: See Footnote)
Exercise: $0.00→ Class A Common Stock
7,725
Class B Common Stock
(indirect: See Footnote)
Exercise: $0.00→ Class A Common Stock
9,119
Class B Common Stock
(indirect: See Footnote)
Exercise: $0.00→ Class A Common Stock
9,119
Class B Common Stock
(indirect: See Footnote)
Exercise: $0.00→ Class A Common Stock
9,119

Footnotes (10)

[F1]The Reporting Person acquired these 72,859 shares of Appfolio Class A Common Stock ("Class A Shares") by converting a like number of shares of Appfolio Class B Common Stock ("Class B Shares") that were owned by the Reporting Person.
[F10]These Class B Shares are owned by an irrevocable trust established for another of the Reporting Person's grandchildren. The Reporting Person is the trustee of the trust and, therefore, may be deemed to possess sole voting and dispositive power over the Class B Shares owned by it. However, he disclaims any pecuniary interest in these Class B Shares.
[F2]Each Class B Share is convertible, at any time at the option of the holder, into one Class A Share. In addition, Class B Shares that are sold or otherwise transferred will convert automatically, on a one share-for-one share basis, into Class A Shares, except for (i) any transfer by a partnership or limited liability company that was a registered holder of Class B Shares prior to June 30, 2015 that is made to anyone who was a partner or member of any such partnership or limited liability company prior to June 30, 2015, and (ii) any transfer to a "qualified recipient" (as defined in AppFolio's Amended and Restated Certificate of Incorporation).
[F3](Continued from Footnote 2) AppFolio's Class B Shares do not have an expiration date. However, all of the outstanding Class B Shares will convert automatically into Class A Shares, on a one share-for-one share basis, on the date when the number of the Company's outstanding Class B Shares represents less than 10% of the sum of AppFolio's outstanding Class A and Class B Shares.
[F4]These Class A Shares are owned by an irrevocable trust established for one of the Reporting Person's grandchildren. The Reporting Person is the trustee of the trust and, therefore, may be deemed to possess sole voting and dispositive power over the Class A Shares owned by it. However, the Reporting Person disclaims any pecuniary interest in these Class A Shares.
[F5]These Class A Shares are owned by an irrevocable trust established for another of the Reporting Person's grandchildren. The Reporting Person is the trustee of the trust and, therefore, may be deemed to possess sole voting and dispositive power over the Class A Shares owned by it. However, he disclaims any pecuniary interest in these Class A Shares.
[F6]These Class A Shares are owned by IGSB IVP III LLC, a private investment fund, which is managed by Investment Group of Santa Barbara LLC ("IGSB"). The Reporting Person is one of the members of IGSB and may be deemed to share voting and dispositive power with IGSB and its other members over these Class A Shares. However, the Reporting Person disclaims beneficial ownership of these Class A Shares, except to the extent of any pecuniary interest he may have therein.
[F7]These Class B Shares are also owned by IGSB IVP III LLC, which is managed by IGSB. The Reporting Person is one of the members of IGSB and may be deemed to share voting and dispositive power with IGSB and its other members over these Class B Shares. However, the Reporting Person disclaims beneficial ownership of these Class B Shares, except to the extent of any pecuniary interest he may have therein.
[F8]These Class B Shares are owned by IGSB Internal Venture Fund III LLC, a private investment fund that is managed by IGSB. The Reporting Person is one of the members of IGSB and may be deemed to share voting and dispositive power over these Class B Shares with IGSB and its other members. However, the Reporting Person disclaims beneficial ownership of these Class B Shares, except to the extent of any pecuniary interest he may have therein.
[F9]These Class B Shares are owned by an irrevocable trust established for one of the Reporting Person's grandchildren. The Reporting Person is the trustee of the trust and, therefore, may be deemed to possess sole voting and dispositive power over the Class B Shares owned by it. However, the Reporting Person disclaims any pecuniary interest in these Class B Shares.

Documents

1 file

4
doc4.xmlPrimary
FORM 4 SUBMISSION

Issuer

APPFOLIO INC

CIK 0001433195

→

Entity typeother

Related Parties

filerCIK 0001213191

Filing Metadata

Form type: 4
Filed: Sep 27, 8:00 PM ET
Accepted: Sep 28, 3:52 PM ET
Size: 36.8 KB

View on SEC.gov