0000899243-21-046859.txt : 20211203
0000899243-21-046859.hdr.sgml : 20211203
20211203205109
ACCESSION NUMBER: 0000899243-21-046859
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20211201
FILED AS OF DATE: 20211203
DATE AS OF CHANGE: 20211203
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Investment Group of Santa Barbara, LLC
CENTRAL INDEX KEY: 0001645662
STATE OF INCORPORATION: CA
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37468
FILM NUMBER: 211471729
BUSINESS ADDRESS:
STREET 1: 1485 EAST VALLEY ROAD, SUITE H
CITY: SANTA BARBARA
STATE: CA
ZIP: 93108
BUSINESS PHONE: 805-690-6116
MAIL ADDRESS:
STREET 1: P.O. BOX 5609
CITY: SANTA BARBARA
STATE: CA
ZIP: 93150
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: APPFOLIO INC
CENTRAL INDEX KEY: 0001433195
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372]
IRS NUMBER: 260359894
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
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2021-12-01
1
0001433195
APPFOLIO INC
APPF
0001645662
Investment Group of Santa Barbara, LLC
C/O IGSB, INC.
1485 E VALLEY ROAD, SUITE H
SANTA BARBARA
CA
93108
0
0
1
0
Class B Common Stock
0.00
2021-12-01
4
J
0
3554584
0.00
D
Class A Common Stock
3554584
0
I
By IGSB IVP III, LLC
Class B Common Stock
0.00
2021-12-01
4
J
0
993627
0.00
D
Class A Common Stock
993627
0
I
By IGSB Internal Venture Fund III, LLC
Investment Group of Santa Barbara, LLC ("IGSB") is the manager of IGSB IVP III, LLC ("IVP III"). On December 1, 2021, three of the investment funds of IVP III were dissolved, resulting in the termination of each of those investment funds and the distribution of an aggregate of 3,554,584 shares of AppFolio Class B Common Stock ("Class B Shares") held by those investment funds, pro-rata to their investors. No consideration was paid by any of the investors in those investment funds for the Class B Shares distributed to them.
Each Class B Share is convertible, at any time at the option of the holder, into one share of Appfolio Class A Common Stock (the "Class A Shares"). 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 AppFolio's Amended and Restated Certificate of Incorporation).
(Continued from Footnote 2) AppFolio'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 Company's outstanding Class B Shares represents less than 10% of the sum of AppFolio's outstanding Class A and Class B Shares.
IGSB also is the manager of IGSB Internal Venture Fund III, LLC ("IVF III"). On December 1, 2021, four investment funds of IVF III were dissolved, resulting in the termination of those investment funds and the distribution of an aggregate of 993,627 shares of AppFolio Class B Shares held by those investment funds, pro-rata to their investors. No consideration was paid by any of the investors in those investment funds for the Class B Shares distributed to them.
Investment Group of Santa Barbara, LLC A California limited liability company, By: Timothy K. Bliss, Member &Vice President, By: /s/ Kimberly Shea, Attorney-in-Fact
for Timothy K. Bliss
2021-12-03