4//SEC Filing
IGSB IVP III, LLC 4
Accession 0000950123-20-006739
CIK 0001433195other
Filed
Jul 5, 8:00 PM ET
Accepted
Jul 6, 9:15 PM ET
Size
7.1 KB
Accession
0000950123-20-006739
Insider Transaction Report
Form 4
APPFOLIO INCAPPF
IGSB IVP III, LLC
10% Owner
Transactions
- Other
Class B Common Stock
2020-07-01−300,691→ 3,554,584 totalExercise: $0.00→ Class A Common Stock (300,691 underlying)
Footnotes (3)
- [F1]On July 1, 2020, the investors in one of the investment funds of IGSB IVP III, LLC ("IVP III") approved the termination of that investment fund and the distribution of all 300,691 shares of AppFolio Class B Common Stock ("Class B Shares") held by that fund, pro-rata to the investors in that fund. No consideration was paid by any of those investors for the respective Class B Shares distributed to them.
- [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.
Documents
Issuer
APPFOLIO INC
CIK 0001433195
Entity typeother
IncorporatedCA
Related Parties
1- filerCIK 0001645481
Filing Metadata
- Form type
- 4
- Filed
- Jul 5, 8:00 PM ET
- Accepted
- Jul 6, 9:15 PM ET
- Size
- 7.1 KB