FITBIT INC 4
4 · FITBIT INC · Filed Apr 19, 2016
Insider Transaction Report
Form 4
FITBIT INCFIT
Transactions
- Conversion
Class A Common Stock
2016-04-18+150,000→ 150,000 total - Exercise/Conversion
Class B Common Stock
2016-04-18+150,000→ 235,620 total→ Class A Common Stock (150,000 underlying) - Conversion
Class B Common Stock
2016-04-18−150,000→ 85,620 total→ Class A Common Stock (150,000 underlying) - Sale
Class A Common Stock
2016-04-18$17.19/sh−150,000$2,578,140→ 0 total - Exercise/Conversion
Employee Stock Option (Right to Buy)
2016-04-18−150,000→ 1,359,811 totalExercise: $0.05Exp: 2021-03-13→ Class B Common Stock (150,000 underlying)
Footnotes (5)
- [F1]The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
- [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.
- [F3]Represents the aggregate of sales effected on the same day at different prices.
- [F4]Represents the weighted average sales price per share. The shares sold at prices ranging from $16.99 to $17.48 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
- [F5]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.