FITBIT INC 4
4 · FITBIT INC · Filed Dec 23, 2015
Insider Transaction Report
Form 4
FITBIT INCFIT
Transactions
- Exercise/Conversion
Employee Stock Option (Right to Buy)
2015-12-22−85,620→ 1,579,811 totalExercise: $0.05Exp: 2021-03-13→ Class B Common Stock (85,620 underlying) - Exercise/Conversion
Class B Common Stock
2015-12-22+85,620→ 85,620 total→ Class A Common Stock (85,620 underlying)
Footnotes (2)
- [F1]The option vested as to 1/4th of the total number of shares on February 16, 2012, and thereafter vested and shall continue to vest as to 1/48th of the total number of shares in equal monthly installments.
- [F2]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.