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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	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

Show Other Fields >>

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

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).
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).
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).
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.
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.