Form Type: 4

SEC EDGAR Link
Accession Number:0000899243-22-027654
Date:2022-08-01
Issuer: APPFOLIO INC (APPF)
Original Submission Date:

Reporting Person:

BLISS TIMOTHY K
C/O IGSB, INC.
1485 E. VALLEY ROAD, SUITE H SANTA BARBARA, CA 93108

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 2022-08-01 S 5,727 d $101.98 11,953 direct
CLASS A COMMON STOCK 2022-08-02 S 9,010 d $103.90 2,943 direct
CLASS A COMMON STOCK 2022-08-03 S 2,943 d $105.10 0 direct
CLASS A COMMON STOCK 2022-08-03 C 50,000 a $0.00 50,000 direct
CLASS A COMMON STOCK 2022-08-01 0 $0.00 13,072 indirect f4
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 2022-08-03 deemed execution date C 50,000 (d) class a common stock 50,000 $0.00 792,549 direct
CLASS B COMMON STOCK 0.0 deemed execution date 0 ( ) class a common stock $0.00 536,150 indirect by family trust
CLASS B COMMON STOCK 0.0 deemed execution date 0 ( ) class a common stock $0.00 37,600 indirect see footnote
CLASS B COMMON STOCK 0.0 deemed execution date 0 ( ) class a common stock $0.00 2,200 indirect see footnote
CLASS B COMMON STOCK 0.0 deemed execution date 0 ( ) class a common stock $0.00 34,016 indirect see footnote
CLASS B COMMON STOCK 0.0 deemed execution date 0 ( ) class a common stock $0.00 49,016 indirect see footnote
Footnotes
IDfootnote
f1 these 50,000 shares of the issuer's class a common stock ("class a shares") were acquired by the reporting person upon the conversion of 50,000 shares of the issuer's class b common stock ("class b shares") that had been owned by the reporting person.
f2 each of the class b shares 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 the issuer's amended and restated certificate of incorporation).
f3 (continued from footnote 2) the issuer'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 issuer's outstanding class b shares represents less than 10% of the sum of its outstanding class a shares and class b shares.
f4 these class a shares are owned by igsb ivp iii, llc, a private investment fund 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.
f5 these class b shares are owned by a grantor trust established for one of the reporting person's adult children. the reporting person's spouse is the trustee of that trust and, in that capacity, possesses sole voting and dispositive power over these class b shares. however, neither she nor the reporting person is a beneficiary of the trust and neither of them has, and they disclaim, any pecuniary interest in these class b shares.
f6 these class b shares are owned by another grantor trust also established for one of the reporting person's adult children. the reporting person's spouse is the trustee of that trust and, in that capacity, possesses sole voting and dispositive power over these class b shares. however, neither she nor the reporting person is a beneficiary of the trust and neither of them has, and they disclaim, any pecuniary interest in these class b shares.
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