Filing Details

Accession Number:
0001209191-16-135665
Form Type:
4
Zero Holdings:
No
Publication Time:
2016-08-05 14:20:20
Reporting Period:
2016-08-04
Filing Date:
2016-08-05
Accepted Time:
2016-08-05 14:20:20
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
1643739 Douglas Philip Black 530 Lytton Ave., Suite 303
Palo Alto CA 94301
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 2016-08-04 50,000 $15.62 563,430 No 4 S Indirect See footnote.
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect See footnote.
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Class A Common Stock 11,935 Indirect See footnote.
Class A Common Stock 13,671 Indirect By True Venture Management, L.L.C.
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 22,297,061 22,297,061 Indirect
Expiration Date Amount Remaning Holdings Nature of Ownership
22,297,061 22,297,061 Indirect
Footnotes
  1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.60 to $15.65, 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 range set forth in this footnote.
  2. Shares are held directly by a family trust controlled by Philip D. Black.
  3. Shares are held directly by a limited liability company controlled by Philip D. Black.
  4. Shares are held directly by True Venture Management, L.L.C., which is controlled by Jon Callaghan and Philip D. Black.
  5. 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.
  6. Shares held of record by True Ventures II, L.P., or TV II, a Delaware limited partnership, for itself and as nominee for True Ventures II-A, L.P., or TV II-A, a Delaware limited partnership. True Venture Partners II, L.L.C., or TVP II, a Delaware limited liability company, is the general partner of each of TV II and TV II-A. Jon Callaghan, a member of the Issuer's Board of Directors, and Philip Black are the managing members of TVP II and, therefore, may be deemed to share voting and dispositive power over the shares held by TV II and TV II-A.