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Filing Details

Accession Number:: 0001562180-18-003809
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2018-09-04 16:09:54
Reporting Period:: 2018-08-30

Accepted Time:: 2018-09-04 16:09:54
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1637207	Planet Fitness Inc.	PLNT	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1135314	D Dorvin Lively	C/O Planet Fitness, Inc. 4 Liberty Lane West Hampton NH 03842	President & Cfo	No	No	No	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
Class A Common Stock	Acquisiton	2018-08-30	41,874	$0.00	41,874	No	4	C	Direct
Class A Common Stock	Disposition	2018-08-30	41,874	$50.99	0	No	4	S	Direct
Class A Common Stock	Acquisiton	2018-08-31	63,253	$0.00	63,253	No	4	C	Direct
Class A Common Stock	Disposition	2018-08-31	63,253	$51.39	0	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	C	Direct
No	4	S	Direct
No	4	C	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Holding Units and Class B common stock	Disposition	2018-08-30	41,874	$0.00	41,874	$0.00
Class A Common Stock	Holding Units and Class B common stock	Disposition	2018-08-31	63,253	$0.00	63,253	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
913,139			No	4	C	Direct
849,886			No	4	C	Direct

Footnotes

On August 30, 2018, Dorvin Lively exchanged 41,874 Common Units of Pla-Fit Holdings, LLC ("Holding Units") and 41,874 shares of Class B common stock of Planet Fitness, Inc. (the "Company") for 41,874 shares of Class A common stock of the Company, and substantially simultaneously sold all 41,874 shares of Class A common stock of the Company on the open market. Following the sale, Mr. Lively held 913,139 Holding Units and 913,139 shares of Class B common stock of the Company.
The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $50.71 to $51.31, 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 ranges set forth herein.
On August 31, 2018, Dorvin Lively exchanged 63,253 Common Units of Pla-Fit Holdings, LLC ("Holding Units") and 63,253 shares of Class B common stock of Planet Fitness, Inc. (the "Company") for 63,253 shares of Class A common stock of the Company, and substantially simultaneously sold all 63,253 shares of Class A common stock of the Company on the open market. Following the sale, Mr. Lively holds 849,886 Holding Units and 849,886 shares of Class B common stock of the Company.
The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $51.18 to $51.69, 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 ranges set forth herein.
Pursuant to the terms of the Exchange Agreement dated as of August 5, 2015, as amended, by and among the Company, Pla-Fit Holdings, LLC and the holders from time to time of Holding Units and shares of Class B common stock, the holders thereof may exchange all or a portion of their Holding Units along with an equal number of shares of Class B common stock for shares of Class A common stock of the Company on a one-to-one basis (one Holding Unit and one share of Class B common stock together exchangeable for one share of Class A common stock). The holders thereof are not required to pay an exercise price in connection with any such exchange. The Holding Units do not expire. The Class B common stock provides the holder with one vote on all matters submitted to a vote of the Company's stockholders but does not entitle the holder to any of the economic rights associated with shares of the Company's Class A common stock.