ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

FIT Fitbit Inc

6.93
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Fitbit Inc NYSE:FIT NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 6.93 0 01:00:00

Statement of Changes in Beneficial Ownership (4)

25/06/2015 6:48pm

Edgar (US Regulatory)


FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Clavier Jean-Francois
2. Issuer Name and Ticker or Trading Symbol

FITBIT INC [ FIT ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      __ X __ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

C/O SOFTTECH VC, 530 LYTTON AVE., 2ND FLOOR
3. Date of Earliest Transaction (MM/DD/YYYY)

6/23/2015
(Street)

PALO ALTO, CA 94301
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

___ Form filed by One Reporting Person
_ X _ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock   6/23/2015     C    37500   A $0.00   37500   I   By SoftTech VC II, L.P   (3)
Class A Common Stock   6/23/2015     S    37500   D $18.80   0   I   By SoftTech VC II, L.P   (3)
Class A Common Stock   6/23/2015     C    112500   A $0.00   112500   I   By SoftTech VC III, L.P   (4)
Class A Common Stock   6/23/2015     S    112500   D $18.80   0   I   By SoftTech VC III, L.P   (4)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Series A-1 Convertible Preferred Stock     (1) 6/23/2015     C         1363956      (1)   (1) Class B Common Stock   (2) 1363956   $0.00   0   I   By SoftTech VC II, L.P.   (3)
Class B Common Stock   (2)   (2) 6/23/2015     C      1363956         (2)   (2) Class A Common Stock   1363956   $0.00   1363956   I   By SoftTech VC II, L.P.   (3)
Series B Convertible Preferred Stock     (1) 6/23/2015     C         387936      (1)   (1) Class B Common Stock   (2) 387936   $0.00   0   I   By SoftTech VC II, L.P.   (3)
Class B Common Stock   (2)   (2) 6/23/2015     C      387936         (2)   (2) Class A Common Stock   387936   $0.00   1751892   I   By SoftTech VC II, L.P.   (3)
Series C Convertible Preferred Stock     (1) 6/23/2015     C         644328      (1)   (1) Class B Common Stock   (2) 644328   $0.00   0   I   By SoftTech VC II, L.P.   (3)
Class B Common Stock   (2)   (2) 6/23/2015     C      644328         (2)   (2) Class A Common Stock   644328   $0.00   2396220   I   By SoftTech VC II, L.P.   (3)
Class B Common Stock   (2)   (2) 6/23/2015     C         37500      (2)   (2) Class A Common Stock   37500   $0.00   2358720   I   By SoftTech VC II, L.P.   (3)
Series B Convertible Preferred Stock     (1) 6/23/2015     C         1251156      (1)   (1) Class B Common Stock   (2) 1251156   $0.00   0   I   By SoftTech VC III, L.P.   (4)
Class B Common Stock   (2)   (2) 6/23/2015     C      1251156         (2)   (2) Class A Common Stock   1251156   $0.00   1251156   I   By SoftTech VC III, L.P.   (4)
Series C Convertible Preferred Stock     (1) 6/23/2015     C         2552712      (1)   (1) Class B Common Stock   (2) 2552712   $0.00   0   I   By SoftTech VC III, L.P.   (4)
Class B Common Stock   (2)   (2) 6/23/2015     C      2552712         (2)   (2) Class A Common Stock   2552712   $0.00   3803868   I   By SoftTech VC III, L.P.   (4)
Class B Common Stock   (2)   (2) 6/23/2015     C         112500      (2)   (2) Class A Common Stock   112500   $0.00   3691368   I   By SoftTech VC III, L.P.   (3)

Explanation of Responses:
( 1)  The Convertible Preferred Stock automatically converted into Class B Common Stock on a one-for-one basis immediately prior to the completion of the Issuer's initial public offering and has no expiration date.
( 2)  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.
( 3)  Shares are held directly by SoftTech VC II, L.P. SoftTech VC II, L.L.C. is the general partner of SoftTech II, L.P. Jean-Francois Clavier is the managing member of SoftTech II, L.L.C. and has sole voting and dispositive power over the shares held by SoftTech II, L.P.
( 4)  Shares are held directly by SoftTech VC III, L.P. SoftTech VC III, L.L.C. is the general partner of SoftTech III, L.P. Jean-Francois Clavier is the managing member of SoftTech III, L.L.C. and has sole voting and dispositive power over the shares held by SoftTech III, L.P.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Clavier Jean-Francois
C/O SOFTTECH VC
530 LYTTON AVE., 2ND FLOOR
PALO ALTO, CA 94301

X

SoftTech VC II LP
530 LYTTON AVE., 2ND FLOOR
PALO ALTO, CA 94301

X

SoftTech VC II, L.L.C.
530 LYTTON AVE., 2ND FLOOR
PALO ALTO, CA 94301

X

SoftTech VC III, L.P.
530 LYTTON AVE., 2ND FLOOR
PALO ALTO, CA 94301

X

SoftTech VC III, L.L.C.
530 LYTTON AVE., 2ND FLOOR
PALO ALTO, CA 94301

X


Signatures
/s/ Jean-Francois Clavier 6/23/2015
** Signature of Reporting Person Date

SoftTech VC II, L.L.C./s/ Jean-Francois Clavier as Managing Member 6/23/2015
** Signature of Reporting Person Date

SoftTech VC II, L.P./s/ Jean-Francois Clavier as Managing Member of SoftTech VC II, L.L.C., its general partner 6/23/2015
** Signature of Reporting Person Date

SoftTech VC III, L.L.C./s/ Jean-Francois Clavier as Managing Member 6/23/2015
** Signature of Reporting Person Date

SoftTech VC III, L.P./s/ Jean-Francois Clavier as Managing Member of SoftTech VC III, L.L.C., its general partner 6/23/2015
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

1 Year Fitbit Chart

1 Year Fitbit Chart

1 Month Fitbit Chart

1 Month Fitbit Chart

Your Recent History

Delayed Upgrade Clock