Form Type: 4

SEC EDGAR Link
Accession Number:0001127602-20-025220
Date:2020-09-15
Issuer: FITBIT, INC. (FIT)
Original Submission Date:

Reporting Person:

FRIEDMAN ERIC N.
C/O FITBIT INC.
199 FREMONT STREET, 14TH FLOOR SAN FRANCISCO, CA 94105

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
CLASS A COMMON STOCK 2020-09-15 M 4,117 a $0.00 92,424 direct
CLASS A COMMON STOCK 2020-09-15 M 4,125 a $0.00 96,549 direct
CLASS A COMMON STOCK 2020-09-15 M 17,400 a $0.00 113,949 direct
CLASS A COMMON STOCK 2020-09-15 F 8,868 d $6.37 105,081 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
CLASS B COMMON STOCK 0.0 2020-08-11 deemed execution date G 599,400 (d) class a common stock 599,400 $0.00 599,400 indirect by grat 1
CLASS B COMMON STOCK 0.0 2020-08-11 deemed execution date G 599,400 (a) class a common stock 599,400 $0.00 1,449,390 indirect by grat 9
CLASS B COMMON STOCK 0.0 2020-08-11 deemed execution date G 599,400 (d) class a common stock 599,400 $0.00 0 indirect by grat 1
CLASS B COMMON STOCK 0.0 2020-08-11 deemed execution date G 599,400 (a) class a common stock 599,400 $0.00 1,449,388 indirect by grat 10
CLASS B COMMON STOCK 0.0 2020-08-11 deemed execution date G 288,298 (d) class a common stock 288,298 $0.00 1,161,092 indirect by grat 9
CLASS B COMMON STOCK 0.0 2020-08-11 deemed execution date G 288,298 (a) class a common stock 288,298 $0.00 288,298 indirect by grat 11
CLASS B COMMON STOCK 0.0 2020-08-11 deemed execution date G 262,346 (d) class a common stock 262,346 $0.00 1,187,042 indirect by grat 10
CLASS B COMMON STOCK 0.0 2020-08-11 deemed execution date G 262,346 (a) class a common stock 262,346 $0.00 550,644 indirect by grat 11
CLASS B COMMON STOCK 0.0 2020-08-11 deemed execution date G 257,527 (d) class a common stock 257,527 $0.00 66,474 indirect by grat 7
CLASS B COMMON STOCK 0.0 2020-08-11 deemed execution date G 257,527 (a) class a common stock 257,527 $0.00 1,418,619 indirect by grat 9
CLASS B COMMON STOCK 0.0 2020-08-11 deemed execution date G 66,474 (d) class a common stock 66,474 $0.00 0 indirect by grat 7
CLASS B COMMON STOCK 0.0 2020-08-11 deemed execution date G 66,474 (a) class a common stock 66,474 $0.00 617,118 indirect by grat 11
CLASS B COMMON STOCK 0.0 2020-08-11 deemed execution date G 257,527 (d) class a common stock 257,527 $0.00 119,694 indirect by grat 8
CLASS B COMMON STOCK 0.0 2020-08-11 deemed execution date G 257,527 (a) class a common stock 257,527 $0.00 1,444,569 indirect by grat 10
CLASS B COMMON STOCK 0.0 2020-08-11 deemed execution date G 119,694 (d) class a common stock 119,694 $0.00 0 indirect by grat 8
CLASS B COMMON STOCK 0.0 2020-08-11 deemed execution date G 119,694 (a) class a common stock 119,694 $0.00 736,812 indirect by grat 11
RESTRICTED STOCK UNITS 0.0 2020-09-15 deemed execution date M 4,117 (d) class a common stock 4,117 $0.00 8,233 direct
RESTRICTED STOCK UNITS 0.0 2020-09-15 deemed execution date M 4,125 (d) class a common stock 4,125 $0.00 24,750 direct
RESTRICTED STOCK UNITS 0.0 2020-09-15 deemed execution date M 17,400 (d) class a common stock 17,400 $0.00 34,800 direct
CLASS B COMMON STOCK 0.0 deemed execution date 0 ( ) class a common stock 9,878,085 $0.00 9,878,085 direct
Footnotes
IDfootnote
f1 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.
f2 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.
f3 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.
f4 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.
f5 1/4 of the rsus will vest on june 15, 2020, and the remainder will vest quarterly 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.

Elevate your investments