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
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Acquisiton 2020-03-15 281 $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 Explanation
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
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 Exercise Date 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
  1. 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.
  2. This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
  3. 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.
  4. 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.
  5. 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.
  6. 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.
  7. 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.
  8. 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.
  9. 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.