0001433195-17-000017.txt : 20170228 0001433195-17-000017.hdr.sgml : 20170228 20170228200304 ACCESSION NUMBER: 0001433195-17-000017 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170224 FILED AS OF DATE: 20170228 DATE AS OF CHANGE: 20170228 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 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Randall Jason Robert CENTRAL INDEX KEY: 0001671594 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-37468 FILM NUMBER: 17650898 MAIL ADDRESS: STREET 1: 4942 LA GAMA WAY CITY: SANTA BARBARA STATE: CA ZIP: 93111 4 1 wf-form4_148833017019338.xml FORM 4 X0306 4 2017-02-24 0 0001433195 APPFOLIO INC APPF 0001671594 Randall Jason Robert 50 CASTILIAN DRIVE SANTA BARBARA CA 93117 0 1 0 0 SVP, AppFolio Property Manager Employee Stock Option (Right to Buy) 23.8 2017-02-24 4 A 0 66000 23.80 A 2027-02-23 Class A Common Stock 66000.0 66000 D The options were granted pursuant to the Issuer's 2015 Stock Incentive Plan. The options vest based upon the Issuer's achievement relative to a pre-established target relating to free cash flow for fiscal year 2019. The Issuer's actual performance relative to the targeted amount will be determined by the Compensation Committee by reference to the Issuer's 2019 financial statements. The reported amount of shares assumes achievement at the maximum level for the performance option grant. For performance at 165% of the targeted amount, 100% of these performance options will vest. For performance at 100% of the targeted amount, approximately 61% of these performance options will vest. For performance below 80% of the targeted amount, no performance options will vest. For performance between 80% and 165% of the targeted amount, the vesting percentage will be determined by reference to a sliding vesting scale approved by the Compensation Committee. /s/Ida Kane, as Attorney-in-Fact for Jason Robert Randall 2017-02-28