0001140361-15-045978.txt : 20151230 0001140361-15-045978.hdr.sgml : 20151230 20151230171115 ACCESSION NUMBER: 0001140361-15-045978 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20151222 FILED AS OF DATE: 20151230 DATE AS OF CHANGE: 20151230 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: APPFOLIO INC CENTRAL INDEX KEY: 0001433195 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 50 CASTILIAN DRIVE CITY: GOLETA STATE: CA ZIP: 93117 BUSINESS PHONE: 8053646093 MAIL ADDRESS: STREET 1: 50 CASTILIAN DRIVE CITY: GOLETA STATE: CA ZIP: 93117 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: HUGHES JASON F CENTRAL INDEX KEY: 0001279755 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-37468 FILM NUMBER: 151314143 MAIL ADDRESS: STREET 1: PO BOX 5609 CITY: SANTA BARBARA STATE: CA ZIP: 93150 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Hughes Family Trust dated 8/7/03 CENTRAL INDEX KEY: 0001646443 STATE OF INCORPORATION: CA FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-37468 FILM NUMBER: 151314144 BUSINESS ADDRESS: STREET 1: 1482 EAST VALLEY ROAD STREET 2: SUITE 300 CITY: SANTA BARBARA STATE: CA ZIP: 93108 BUSINESS PHONE: 805-699-6028 MAIL ADDRESS: STREET 1: 1482 EAST VALLEY ROAD STREET 2: SUITE 300 CITY: SANTA BARBARA STATE: CA ZIP: 93108 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Steven L. Karan Revocable Trust dated the 29th day of October, 2014 CENTRAL INDEX KEY: 0001646441 STATE OF INCORPORATION: CA FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-37468 FILM NUMBER: 151314145 BUSINESS ADDRESS: STREET 1: 1482 EAST VALLEY ROAD STREET 2: SUITE 300 CITY: SANTA BARBARA STATE: CA ZIP: 93108 BUSINESS PHONE: 415-937-7530 MAIL ADDRESS: STREET 1: 1482 EAST VALLEY ROAD STREET 2: SUITE 300 CITY: SANTA BARBARA STATE: CA ZIP: 93108 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: KARAN STEVEN L CENTRAL INDEX KEY: 0001279767 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-37468 FILM NUMBER: 151314146 MAIL ADDRESS: STREET 1: PO BOX 5609 CITY: SANTA BARBARA STATE: CA ZIP: 93150 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Meadowridge Ventures, L.P. CENTRAL INDEX KEY: 0001646467 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-37468 FILM NUMBER: 151314147 BUSINESS ADDRESS: STREET 1: 1482 EAST VALLEY ROAD STREET 2: SUITE 300 CITY: SANTA BARBARA STATE: CA ZIP: 93108 BUSINESS PHONE: 805-699-6028 MAIL ADDRESS: STREET 1: 1482 EAST VALLEY ROAD STREET 2: SUITE 300 CITY: SANTA BARBARA STATE: CA ZIP: 93108 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Clarity Ventures, Inc. CENTRAL INDEX KEY: 0001661441 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-37468 FILM NUMBER: 151314149 BUSINESS ADDRESS: STREET 1: 1482 EAST VALLEY ROAD STREET 2: SUITE 300 CITY: SANTA BARBARA STATE: CA ZIP: 93108 BUSINESS PHONE: 805-699-6028 MAIL ADDRESS: STREET 1: 1482 EAST VALLEY ROAD STREET 2: SUITE 300 CITY: SANTA BARBARA STATE: CA ZIP: 93108 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Clarity Ventures, L.P. CENTRAL INDEX KEY: 0001646465 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-37468 FILM NUMBER: 151314148 BUSINESS ADDRESS: STREET 1: 1482 EAST VALLEY ROAD STREET 2: SUITE 300 CITY: SANTA BARBARA STATE: CA ZIP: 93108 BUSINESS PHONE: 805-699-6028 MAIL ADDRESS: STREET 1: 1482 EAST VALLEY ROAD STREET 2: SUITE 300 CITY: SANTA BARBARA STATE: CA ZIP: 93108 3 1 doc1.xml FORM 3 X0206 3 2015-12-22 0 0001433195 APPFOLIO INC APPF 0001661441 Clarity Ventures, Inc. 1482 EAST VALLEY ROAD SUITE 300 SANTA BARBARA CA 93108 0 0 1 0 0001646465 Clarity Ventures, L.P. 1482 EAST VALLEY ROAD SUITE 300 SANTA BARBARA CA 93108 0 0 1 0 0001646467 Meadowridge Ventures, L.P. 1482 EAST VALLEY ROAD SUITE 300 SANTA BARBARA CA 93108 0 0 1 0 0001279767 KARAN STEVEN L 1482 EAST VALLEY ROAD SUITE 300 SANTA BARBARA CA 93108 0 0 1 0 0001646441 Steven L. Karan Revocable Trust dated the 29th day of October, 2014 1482 EAST VALLEY ROAD SUITE 300 SANTA BARBARA CA 93108 0 0 1 0 0001646443 Hughes Family Trust dated 8/7/03 1482 EAST VALLEY ROAD SUITE 300 SANTA BARBARA CA 93108 0 0 1 0 0001279755 HUGHES JASON F 1482 EAST VALLEY ROAD SUITE 300 SANTA BARBARA CA 93108 0 0 1 0 CLASS A COMMON STOCK 12890 D CLASS A COMMON STOCK 175025 D CLASS A COMMON STOCK 5700 D CLASS A COMMON STOCK 5000 D CLASS B COMMON STOCK CLASS A COMMON STOCK 26577 D CLASS B COMMON STOCK CLASS A COMMON STOCK 118740 D CLASS B COMMON STOCK CLASS A COMMON STOCK 45264 D CLASS B COMMON STOCK CLASS A COMMON STOCK 557654 D These shares are directly owned by Jason F. Hughes ("Mr. Hughes"), who is a member of a "group" (the "Group") with the other reporting persons herein for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended. These shares are held in the Jason F. Hughes Roth IRA. These shares are directly owned by Steven L. Karan ("Mr. Karan"), who is a member of the Group. These shares are held in the Steven L. Karan Roth IRA. These shares are directly owned by Meadowridge Ventures, L.P. ("Meadowridge"), which is a member of the Group. These shares are indirectly owned by Clarity Ventures, Inc. ("Clarity GP"), as the general partner of Meadowridge. These shares are also indirectly owned by Mr. Hughes, as an authorized officer of Clarity GP, and by Mr. Karan, as the President and 100% owner of Clarity GP. These shares are directly owned by Clarity Ventures, L.P. ("Clarity LP"), which is a member of the Group. These shares are indirectly owned by Clarity GP, as the general partner of Clarity LP. These shares are also indirectly owned by Mr. Hughes, as an authorized officer of Clarity GP, and by Mr. Karan, as the President and 100% owner of Clarity GP. These shares are convertible into shares of AppFolio, Inc.'s Class A Common Stock on a one-for-one basis at any time, and the conversion has no expiration date. All outstanding shares of AppFolio's Class B Common Stock will convert automatically into shares of AppFolio Class A Common Stock on the date when the number of the outstanding shares of Class B Common Stock represents less than 10% of the sum of AppFolio's outstanding Class A Common Stock and Class B Common Stock. In addition, each share of Class B Common Stock will convert automatically upon any transfer of such shares, except for certain permitted transfers. These shares are directly owned by Mr. Hughes and are held in the Jason F. Hughes Roth IRA. These shares are directly owned by Mr. Karan and are held in the Steven L. Karan Roth IRA. These shares are directly owned by the Hughes Family Trust dated 8/7/03 ("HFT"), which is a member of the Group. These shares are indirectly owned by Mr. Hughes, as a Co-Trustee of the HFT. These shares are directly owned by the Steven L. Karan Revocable Trust dated the 29th day of October, 2014 ("Karan Trust"), which is a member of the Group. These shares are indirectly owned by Mr. Karan, as Trustee of the Karan Trust. The reporting persons herein collectively form a Section 13(d) "group" as described in a Schedule 13G filed with the Securities and Exchange Commission on December 30, 2015. Exhibit List: Exhibit 24 ? Confirming Statement /s/ Jason F. Hughes, attorney-in-fact 2015-12-30 EX-24 2 poa.htm
 
Confirming Statement

This statement confirms that the undersigned have authorized and designated Jason F. Hughes to execute and file on behalf of the undersigned all forms that the undersigned may be required to file with the U.S. Securities and Exchange Commission under Section 16 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), as a result of the undersigned’s ownership of or transactions in securities of AppFolio, Inc.  The authority granted under this statement shall continue until the undersigned is no longer required to file forms under Section 16 of the Exchange Act with respect to the ownership of or transactions in the securities of AppFolio, Inc., unless earlier revoked in writing.
 

 
Clarity Ventures, Inc.
    
       
       
 
By:  /s/ Steven L. Karan                                              
  
12/30/15                            
 
Name:  Steven L. Karan
  
Date
 
Title:  President
    
       
       
 
Clarity Ventures, L.P.
    
       
 
By:  Clarity Ventures, Inc., General Partner
    
       
       
 
By:  /s/ Steven L. Karan                              
 
12/30/15                           
 
Name:  Steven L. Karan
  
Date
 
Title:  President
    
       
       
 
Meadowridge Ventures, L.P.
    
       
 
By:  Clarity Ventures, Inc., General Partner
    
       
       
 
By:  /s/ Steven L. Karan                              
  
12/30/15                           
 
Name:  Steven L. Karan
  
Date
 
Title:  President
    
       
       
 
Steven L. Karan Revocable Trust dated the 29th day of October, 2014
       
       
 
By:  /s/ Steven L. Karan                              
  
12/30/15                           
 
Name:  Steven L. Karan
  
Date
 
Title:  Trustee
    

 
 
[Signature Page to Confirming Statement]

 
Hughes Family Trust dated 8/7/03
    
         
         
 
By: By:  /s/ Jason F. Hughes                      
  
12/30/15                           
 
Name:  Jason F. Hughes
  
Date
 
Title:  Co-Trustee
    
         
         
 
Individuals
      
       
       
 
By:  /s/ Steven L. Karan                              
  
12/30/15                           
 
Name:  Steven L. Karan
  
Date
         
         
 
By:  /s/ Jason F. Hughes                             
  
12/30/15                           
 
Name:  Jason F. Hughes
  
Date
 



[Signature Page to Confirming Statement]