APPFOLIO INC 4
4 · APPFOLIO INC · Filed Jan 20, 2017
Insider Transaction Report
Form 4
APPFOLIO INCAPPF
Donahoo Brian
DirectorChief Executive Officer
Transactions
- Gift
Class B Common Stock
2016-09-01−50,000→ 1,046,149 total(indirect: By Trust) - Sale
Class B Common Stock
2017-01-18$22.25/sh−50,000$1,112,500→ 996,149 total(indirect: By Trust) - Gift
Class B Common Stock
2016-08-25−110,000→ 1,096,149 total(indirect: By Trust)
Footnotes (2)
- [F1]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, except for any transfers by (i) a partnership or limited liability company that was a registered holder of shares of Class B Common Stock to anyone who was a partner or member of any such partnership or limited liability company prior to June 30, 2015, and (ii) a transfer to a "qualified recipient," as defined in the Issuer's amended and restated certificate of incorporation.
- [F2]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.