FITBIT INC 4
4 · FITBIT INC · Filed Nov 19, 2015
Insider Transaction Report
Form 4
FITBIT INCFIT
Transactions
- Conversion
Class A Common Stock
2015-11-18+336,649→ 336,649 total - Sale
Class A Common Stock
2015-11-18$28.13/sh−336,649$9,469,936→ 0 total - Conversion
Class B Common Stock
2015-11-18−336,649→ 0 total→ Class A Common Stock (336,649 underlying)
Footnotes (1)
- [F1]Each 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 will convert automatically into Class A Common Stock on the same basis upon the earlier of: (i) any transfer, whether or not for value, except for certain "Permitted Transfers" as defined in the Issuer's restated certificate of incorporation in effect as of the date hereof, (ii) the affirmative vote of the holders of Class B Common Stock representing not less than a majority of the outstanding shares of Class B Common Stock, or (iii) June 17, 2027.