4//SEC Filing
STAD MARC 4
Accession 0001209191-17-048651
CIK 0001433195other
Filed
Aug 10, 8:00 PM ET
Accepted
Aug 11, 5:47 PM ET
Size
27.6 KB
Accession
0001209191-17-048651
Insider Transaction Report
Form 4
APPFOLIO INCAPPF
STAD MARC
10% Owner
Transactions
- Sale
Class A Common Stock
2017-08-09$36.80/sh−1,072$39,450→ 70,926 total - Conversion
Class B Common Stock
2017-08-09−447,794→ 0 total(indirect: Refer to Footnote)→ Class B Common Stock (447,794 underlying) - Conversion
Class A Common Stock
2017-08-09+31,210→ 73,153 total - Conversion
Class A Common Stock
2017-08-09+447,794→ 1,509,732 total(indirect: Refer to Footnote) - Sale
Class A Common Stock
2017-08-09$36.70/sh−1,155$42,389→ 71,998 total - Sale
Class A Common Stock
2017-08-09$36.70/sh−23,845$875,112→ 1,485,887 total(indirect: Refer to Footnote) - Sale
Class A Common Stock
2017-08-09$36.80/sh−22,128$814,310→ 1,463,759 total(indirect: Refer to Footnote) - Sale
Class A Common Stock
2017-08-10$36.00/sh−6,933$249,588→ 63,993 total - Sale
Class A Common Stock
2017-08-10$36.00/sh−143,067$5,150,412→ 1,320,692 total(indirect: Refer to Footnote) - Conversion
Class B Common Stock
2017-08-09−31,210→ 0 total→ Class B Common Stock (31,210 underlying)
Footnotes (6)
- [F1]Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one share of Class A Common Stock. Effective August 9, 2017, 31,210 shares of Class B Common Stock were voluntarily converted by Mr. Stad into an equal number of shares of Class A Common Stock of the issuer.
- [F2]Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one share of Class A Common Stock. Effective August 9, 2017, the Dragoneer Entities (as defined below) voluntarily converted 447,794 shares of Class B Common Stock (of which Dragoneer Apartment Fund (as defined below) held 260,305 shares) into an equal number of shares of Class A Common Stock of the issuer.
- [F3]Mr. Stad is the managing member of Dragoneer Global GP, LLC ("Dragoneer GP"), Dragoneer Global GP II, LLC ("Global GP II"), and Dragoneer Investment Group, LLC ("Dragoneer Adviser"). Dragoneer GP is the manager of Dragoneer Apartment, LLC ("Dragoneer Apartment Fund") and Global GP II is the general partner of Dragoneer Global Fund II, L.P. ("Dragoneer Global Fund II" and, together with Dragoneer GP, Dragoneer Adviser, Dragoneer Apartment Fund, and Global GP II, the "Dragoneer Entities"). By virtue of the foregoing relationships, Mr. Stad and each of the Dragoneer Entities may be deemed to share beneficial ownership of some or all of the securities reported above. Mr. Stad and each of the Dragoneer Entities disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein.
- [F4]The securities reported in the table above as having converted from Class B Common Stock to Class A Common Stock are held by Dragoneer Apartment Fund and certain other funds and managed accounts associated with the Dragoneer Entities and Mr. Stad.
- [F5]Certain Dragoneer Entities and certain other funds and managed accounts associated with the Dragoneer Entities and Mr. Stad sold shares of Class A Common Stock reported in the table above. On August 9, 2017 and August 10, 2017, respectively, Dragoneer Global Fund II sold 27,404 and 85,285 shares of Class A Common Stock, Dragoneer Apartment Fund sold 10,794 and 33,590 shares of Class A Common Stock, and certain other funds and managed accounts associted with the Dragoneer Entities and Mr. Stad sold 7,775 and 24,192 shares of Class A Common Stock.
- [F6]The shares of Class B Common Stock have no expiration date. However, all outstanding shares of Class B Common Stock convert automatically into shares of Class A Common Stock, on a one share for one share basis, on the date when the number of the Issuer's outstanding shares of Class B Common Stock represents less than 10% of the sum of its outstanding shares of Class A Common Stock and Class B Common Stock.
Documents
Issuer
APPFOLIO INC
CIK 0001433195
Entity typeother
Related Parties
1- filerCIK 0001646303
Filing Metadata
- Form type
- 4
- Filed
- Aug 10, 8:00 PM ET
- Accepted
- Aug 11, 5:47 PM ET
- Size
- 27.6 KB