4//SEC Filing
APPFOLIO INC 4
Accession 0001209191-15-056615
$APPFCIK 0001433195operating
Filed
Jun 24, 8:00 PM ET
Accepted
Jun 25, 9:39 PM ET
Size
14.8 KB
Accession
0001209191-15-056615
Insider Transaction Report
Form 4
APPFOLIO INCAPPF
Donahoo Brian
DirectorChief Executive Officer
Transactions
- Conversion
Series B Convertible Preferred Stock
2015-06-25−37,063→ 0 total(indirect: By Trust)→ Class B Common Stock (9,266 underlying) - Conversion
Class B Common Stock
2015-06-25+9,266→ 1,266,149 total(indirect: By Trust)→ Class A Common Stock (9,266 underlying) - Conversion
Series A Convertible Preferred Stock
2015-06-25−322,600→ 0 total(indirect: By Trust)→ Class B Common Stock (80,650 underlying) - Conversion
Class B Common Stock
2015-06-25+80,650→ 1,256,883 total(indirect: By Trust)→ Class A Common Stock (80,650 underlying)
Footnotes (4)
- [F1]None of the Series of Convertible Preferred Stock have expiration dates. However, each share of Convertible Preferred Stock, irrespective of its Series, converted into 0.25 shares of Class B Common Stock immediately following the effectiveness of the Registration Statement on Form S-1 relating to the initial public offering (the "IPO") of AppFolio, Inc. (the "Issuer"). The Class B Common Stock has not been registered, and is not currently expected to be registered, under the Securities Exchange Act of 1934, as amended.
- [F2]Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one share of Class A Common Stock. In addition, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon any transfer that occurs after the consummation of the IPO, except for any transfers by (i) a partnership or limited liability company that was a registered holder of shares of Class B Common Stock at the effective time of the IPO to anyone who was a partner or member of any such partnership or limited liability company at the effective time, and (ii) a transfer to a "qualified recipient," as defined in the Issuer's amended and restated certificate of incorporation. The shares of Class B Common Stock have no expiration date.
- [F3]All outstanding shares of Class B Common Stock will convert automatically into shares of Class A Common Stock, on a one share for one share basis, on the date when the number of the Issuer's outstanding shares of Class B Common Stock represents less than 10% of the sum of its outstanding shares of Class A Common Stock and Class B Common Stock.
- [F4]Shares are held by the Brian R. Donahoo Revocable Trust dated June 10, 2015, of which Mr. Donahoo serves as trustee.
Documents
Issuer
APPFOLIO INC
CIK 0001433195
Entity typeoperating
Related Parties
1- filerCIK 0001433195
Filing Metadata
- Form type
- 4
- Filed
- Jun 24, 8:00 PM ET
- Accepted
- Jun 25, 9:39 PM ET
- Size
- 14.8 KB