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Filing Details

Accession Number:: 0001209191-16-153580
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2016-12-06 13:54:01
Reporting Period:: 2016-12-02

Filing Date:: 2016-12-06
Accepted Time:: 2016-12-06 13:54:01
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1447599	Fitbit Inc	FIT	Electronic Computers (3571)	208920744

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1448559	True Ventures Ii, L.p.	530 Lytton Ave., Suite 303 Palo Alto CA 94301	No	No	Yes	No
1448560	True Ventures Ii-A, L.p.	530 Lytton Ave., Suite 303 Palo Alto CA 94301	No	No	Yes	No
1448561	True Venture Partners Ii, L.l.c.	530 Lytton Ave., Suite 303 Palo Alto CA 94301	No	No	Yes	No
1643739	Douglas Philip Black	530 Lytton Ave., Suite 303 Palo Alto CA 94301	No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Acquisiton	2016-12-02	400,000	$0.00	400,000	No	4	C	Indirect	By True Ventures II, L.P.
Class A Common Stock	Disposition	2016-12-02	400,000	$8.23	0	No	4	S	Indirect	By True Ventures II, L.P.
Class A Common Stock	Acquisiton	2016-12-05	460,000	$0.00	460,000	No	4	C	Indirect	By True Ventures II, L.P.
Class A Common Stock	Disposition	2016-12-05	460,000	$8.13	0	No	4	S	Indirect	By True Ventures II, L.P.

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Indirect	By True Ventures II, L.P.
No	4	S	Indirect	By True Ventures II, L.P.
No	4	C	Indirect	By True Ventures II, L.P.
No	4	S	Indirect	By True Ventures II, L.P.

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Class B Common Stock	Disposition	2016-12-02	400,000	$0.00	400,000	$0.00
Class A Common Stock	Class B Common Stock	Disposition	2016-12-05	460,000	$0.00	460,000	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
13,897,079			No	4	C	Indirect
13,437,079			No	4	C	Indirect

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	969,337	Indirect	See footnote
Class A Common Stock	20,966	Indirect	See footnote
Class A Common Stock	13,671	Indirect	By True Venture Management, L.L.C.

Footnotes

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.
Shares held of record by True Ventures II, L.P., or TV II, a Delaware limited partnership, for itself and as nominee for True Ventures II-A, L.P., or TV II-A, a Delaware limited partnership. True Venture Partners II, L.L.C., or TVP II, a Delaware limited liability company, is the general partner of each of TV II and TV II-A. Jon Callaghan, a member of the Issuer's Board of Directors, and Philip Black are the managing members of TVP II and, therefore, may be deemed to share voting and dispositive power over the shares held by TV II and TV II-A.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.12 to $8.42, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.99 to $8.30, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Shares are held directly by a family trust controlled by Philip D. Black.
Shares are held directly by a limited liability company controlled by Philip D. Black.
Shares are held directly by True Venture Management, L.L.C., which is controlled by Jon Callaghan and Philip D. Black.