Filing Details
- Accession Number:
- 0001209191-16-153582
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2016-12-06 13:56:34
- Reporting Period:
- 2016-12-02
- Filing Date:
- 2016-12-06
- Accepted Time:
- 2016-12-06 13:56:34
- 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 | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1642681 | Jon Callaghan | 530 Lytton Ave., Suite 303 Palo Alto CA 94301 | Yes | No | Yes | No |
Reported Non-Derivative Transactions
| 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
| 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 | 1,044,337 | 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 andExchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth inthis 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 andExchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth inthis footnote.
- Shares held directly by a family trust controlled by Jon Callaghan.
- Shares are held directly by True Venture Management, L.L.C., which is controlled by Jon Callaghan and Philip D. Black.
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