Filing Details

Accession Number:
0000899243-20-001342
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-01-16 19:34:36
Reporting Period:
2020-01-15
Accepted Time:
2020-01-16 19:34:36
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1433195 Appfolio Inc APPF () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1213191 Iii R William Rauth C/O Igsb, Inc.
1485 E. Valley Road, Suite H
Santa Barbara CA 93108
Yes 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 Acquisiton 2020-01-15 20,000 $0.00 20,000 No 4 C Direct
Class A Common Stock Disposition 2020-01-15 10,112 $122.25 9,888 No 4 S Direct
Class A Common Stock Disposition 2020-01-16 9,888 $123.01 0 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 C Direct
No 4 S Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Stock Class B Common Stock Disposition 2020-01-15 20,000 $0.00 20,000 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
252,859 No 4 C Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Class A Common Stock 13,072 Indirect By IGSB IVP III, LLC
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 0 3,855,275 Indirect
Class A Common Stock Class B Common Stock $0.00 0 993,627 Indirect
Class A Common Stock Class B Common Stock $0.00 0 15,129 Indirect
Class A Common Stock Class B Common Stock $0.00 0 15,129 Indirect
Class A Common Stock Class B Common Stock $0.00 0 15,119 Indirect
Class A Common Stock Class B Common Stock $0.00 0 15,119 Indirect
Class A Common Stock Class B Common Stock $0.00 0 15,119 Indirect
Class A Common Stock Class B Common Stock $0.00 0 15,119 Indirect
Class A Common Stock Class B Common Stock $0.00 0 15,119 Indirect
Class A Common Stock Class B Common Stock $0.00 0 15,119 Indirect
Class A Common Stock Class B Common Stock $0.00 0 13,725 Indirect
Class A Common Stock Class B Common Stock $0.00 0 1,407 Indirect
Expiration Date Amount Remaning Holdings Nature of Ownership
0 3,855,275 Indirect
0 993,627 Indirect
0 15,129 Indirect
0 15,129 Indirect
0 15,119 Indirect
0 15,119 Indirect
0 15,119 Indirect
0 15,119 Indirect
0 15,119 Indirect
0 15,119 Indirect
0 13,725 Indirect
0 1,407 Indirect
Footnotes
  1. The Reporting Person acquired these 20,000 shares of AppFolio Class A Common Stock ("Class A Shares") on his conversion of 20,000 shares of AppFolio Class B Common Stock ("Class B Shares") that were owned by the Reporting Person.
  2. Each Class B Share is convertible, at any time at the option of the holder, into one Class A Share. In addition, Class B Shares that are sold or otherwise transferred will convert automatically, on a one share-for-one share basis, into Class A Shares, except for (i) any transfer by a partnership or limited liability company that was a registered holder of Class B Shares prior to June 30, 2015 that is made to anyone who was a partner or member of any such partnership or limited liability company prior to June 30, 2015, and (ii) any transfer to a "qualified recipient" (as defined in AppFolio's Amended and Restated Certificate of Incorporation).
  3. (Continued from Footnote 2). AppFolio's Class B Shares do not have an expiration date. However, all of the outstanding Class B Shares will convert automatically into Class A Shares, on a one share-for-one share basis, on the date when the number of the Company's outstanding Class B Shares represents less than 10% of the sum of AppFolio's outstanding Class A and Class B Shares.
  4. Sales made pursuant to a 10(b)5-1 Plan previously adopted by the Reporting Person.
  5. These Class A Shares are owned by IGSB IVP III LLC, a private investment fund, which is managed by Investment Group of Santa Barbara LLC ("IGSB"). The Reporting Person is one of the members of IGSB and may be deemed to share voting and dispositive power with IGSB and its other members over these Class A Shares. However, the Reporting Person disclaims beneficial ownership of these Class A Shares, except to the extent of any pecuniary interest he may have therein.
  6. These Class B Shares are also owned by IGSB IVP III LLC, which is managed by IGSB. The Reporting Person is one of the members of IGSB and may be deemed to share voting and dispositive power with IGSB and its other members over these Class B Shares. However, the Reporting Person disclaims beneficial ownership of these Class B Shares, except to the extent of any pecuniary interest he may have therein.
  7. These Class B Shares are owned by IGSB Internal Venture Fund III LLC, a private investment fund that is managed by IGSB. The Reporting Person is one of the members of IGSB and may be deemed to share voting and dispositive power over these Class B Shares with IGSB and its other members. However, the Reporting Person disclaims beneficial ownership of these Class B Shares, except to the extent of any pecuniary interest he may have therein.
  8. These Class B Shares are owned by an irrevocable trust established for one of the Reporting Person's grandchildren. The Reporting Person is the trustee of the trust and, therefore, may be deemed to possess sole voting and dispositive power over the Class B Shares owned by it. However, the Reporting Person disclaims any pecuniary interest in these Class B Shares.
  9. These Class B Shares are owned by an irrevocable trust established for another of the Reporting Person's grandchildren. The Reporting Person is the trustee of the trust and, therefore, may be deemed to possess sole voting and dispositive power over the Class B Shares owned by it. However, he disclaims any pecuniary interest in these Class B Shares.