Filing Details

Accession Number:
0001140361-17-007505
Form Type:
4
Zero Holdings:
No
Publication Time:
2017-02-14 18:16:20
Reporting Period:
2017-02-10
Filing Date:
2017-02-14
Accepted Time:
2017-02-14 18:16:20
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1433195 Appfolio Inc APPF Services-Prepackaged Software (7372) 260359894
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1647363 Keenan Capital, Llc 1229 Burlingame Avenue
Suite 201
Burlingame CA 94010
No No Yes No
1647658 Keenan Capital Gp, Llc 1229 Burlingame Avenue
Suite 201
Burlingame CA 94010
No No Yes No
1647794 Iv J Charles Keenan 1229 Burlingame Avenue
Suite 201
Burlingame CA 94010
No 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 Disposition 2017-02-10 11,200 $24.18 1,263,786 No 4 S Indirect By Partnership
Class A Common Stock Disposition 2017-02-13 3,500 $24.07 1,260,286 No 4 S Indirect By Partnership
Class A Common Stock Disposition 2017-02-14 4,100 $24.08 1,256,186 No 4 S Indirect By Partnership
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect By Partnership
No 4 S Indirect By Partnership
No 4 S Indirect By Partnership
Footnotes
  1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.05 to $24.55, inclusive. The reporting persons undertake to provide to AppFolio, Inc., any security holder of AppFolio, Inc., 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 (1).
  2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.00 to $24.20, inclusive. The reporting persons undertake to provide to AppFolio, Inc., any security holder of AppFolio, Inc., 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 (2).
  3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.75 to $24.28, inclusive. The reporting persons undertake to provide to AppFolio, Inc., any security holder of AppFolio, Inc., 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 (3).
  4. Mr. Keenan is the beneficial owner of 77,944 shares of Class A common stock over which he has sole voting and dispositive power. Mr. Keenan may also be deemed to beneficially own an additional 205,056 shares of Class A common stock held through family trust accounts for which he is either a co-trustee or a beneficiary. Mr. Keenan shares voting and dispositive power over the shares of Class A common stock held through such accounts.
  5. These shares are owned directly by Keenan Capital Fund, LP ("KCF") and indirectly by Keenan Capital GP, LLC ("KCGP"), the general partner of KCF with voting and investment authority over these shares. KCGP has delegated such authority to Keenan Capital, LLC ("Keenan Capital"), the manager of KCF. Accordingly, KCGP disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest KCGP may have therein. As sole owner and Manager of Keenan Capital, Charles J. Keenan, IV ("Mr. Keenan") may be deemed to be the indirect beneficial owner of these shares.