Filing Details

Accession Number:
0001140361-17-009748
Form Type:
4
Zero Holdings:
No
Publication Time:
2017-02-28 17:58:16
Reporting Period:
2017-02-24
Filing Date:
2017-02-28
Accepted Time:
2017-02-28 17:58:16
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
1645094 M. Timothy Roberts C/O Fitbit, Inc.
405 Howard Street
San Francisco CA 94105
Evp, Interactive No Yes No 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 2017-02-24 369,385 $0.00 369,385 No 4 C Direct
Class A Common Stock Disposition 2017-02-24 369,385 $6.01 0 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 C Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class B Common Stock Employee Stock Option (right to buy) Disposition 2017-02-24 369,385 $0.00 369,385 $0.05
Class A Common Stock Class B Common Stock Acquisiton 2017-02-24 369,385 $0.00 369,385 $0.00
Class A Common Stock Class B Common Stock Disposition 2017-02-24 369,385 $0.00 369,385 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
811,992 2020-11-09 No 4 M Direct
626,333 No 4 M Direct
256,948 No 4 C Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Class A Common Stock 38,736 Indirect By family trust
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Class A Common Stock Class B Common Stock $0.00 7,158 7,158 Indirect
Class A Common Stock Class B Common Stock $0.00 7,158 7,158 Indirect
Expiration Date Amount Remaning Holdings Nature of Ownership
7,158 7,158 Indirect
7,158 7,158 Indirect
Footnotes
  1. The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
  2. 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.
  3. The reported price is a weighted average sale price for multiple sale transactions ranging from a low sale price of $5.76 to a high sale price of $6.17. The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon written request from the staff of the Securities and Exchange Commission, the Issuer, or a stockholder of the Issuer.
  4. The option vested as to 1/4th of the total number of shares on September 24, 2011, and thereafter vested and shall continue to vest as to 1/48th of the total number of shares in equal monthly installments.