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Filing Details

Accession Number:: 0001127602-20-011312
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-03-18 18:49:18
Reporting Period:: 2020-03-15

Accepted Time:: 2020-03-18 18:49:18
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1447599	Fitbit Inc.	FIT	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1228622	W Ronald Kisling	C/O Fitbit 199 Fremont Street, 14Th Floor San Francisco CA 94105	Chief Financial Officer	No	Yes	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	2020-03-15	281	$0.00	160,396	No	4	M	Direct
Class A Common Stock	Acquisiton	2020-03-15	3,584	$0.00	163,980	No	4	M	Direct
Class A Common Stock	Acquisiton	2020-03-15	9,000	$0.00	172,980	No	4	M	Direct
Class A Common Stock	Acquisiton	2020-03-15	18,933	$0.00	191,913	No	4	M	Direct
Class A Common Stock	Disposition	2020-03-15	11,026	$6.39	180,887	No	4	F	Direct
Class A Common Stock	Acquisiton	2020-03-16	100,000	$0.00	280,887	No	4	C	Direct
Class A Common Stock	Disposition	2020-03-16	200,000	$6.17	80,887	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	M	Direct
No	4	M	Direct
No	4	M	Direct
No	4	F	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	Restricted Stock Units	Disposition	2020-03-15	281	$0.00	281	$0.00
Class A Common Stock	Restricted Stock Units	Disposition	2020-03-15	3,584	$0.00	3,584	$0.00
Class A Common Stock	Restricted Stock Units	Disposition	2020-03-15	9,000	$0.00	9,000	$0.00
Class A Common Stock	Restricted Stock Units	Disposition	2020-03-15	18,933	$0.00	18,933	$0.00
Class B Common Stock	Employee Stock Option (Right to Buy)	Disposition	2020-03-16	100,000	$0.00	100,000	$3.63
Class A Common Stock	Class B Common Stock	Acquisiton	2020-03-16	100,000	$0.00	100,000	$0.00
Class A Common Stock	Class B Common Stock	Disposition	2020-03-16	100,000	$0.00	100,000	$0.00

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0		No	4	M	Direct
14,333		No	4	M	Direct
45,000		No	4	M	Direct
151,467		No	4	M	Direct
333,689	2024-08-26	No	4	M	Direct
100,000		No	4	M	Direct
0		No	4	C	Direct

Footnotes

Each restricted stock unit ("RSU") represents a contingent right to receive 1 share of the Issuer's Class A common stock upon settlement for no consideration.
This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
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.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.92 to $6.30 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, anysecurity holder of the Issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
1/4 of the RSUs vested on March 15, 2017, and the remainder will vest on each quarterly anniversary thereafter in equal installments, until such time as the RSUs are 100% vested, subject to the continuing service of the Reporting Person on each vesting date. Shares of the Issuer's Class A common stock will be delivered to the Reporting Person upon vesting.
1/12th of the RSUs vested on June 15, 2018, and the remainder will vest on each quarterly anniversary thereafter in equal installments, until such time as the RSUs are 100% vested, subject to the continuing employment of the Reporting Person on each vesting date. Shares of the Issuer's Class A common stock will be delivered to the Reporting Person upon vesting.
1/12th of the RSUs vested on September 15, 2018, and the remainder shall vest on each quarterly anniversary thereafter in equal installments, until such time as the RSUs are 100% vested, subject to the continuing service of the Reporting Person on each vesting date. Shares of the Issuer's Class A common stock will be delivered to the Reporting Person upon vesting.
1/12th of the RSUs vested on June 15, 2019, and the remainder will vest on each quarterly anniversary thereafter in equal installments, until such time as the RSUs are 100% vested, subject to the continuing employment of the Reporting Person on each vesting date. Shares of the Issuer's Class A common stock will be delivered to the Reporting Person upon vesting.
The option vested as to 1/4th of the total number of shares on August 22, 2015, and thereafter vested as to 1/48th of the total number of shares in equal monthly installments.