0001643523-16-000004.txt : 20160302
0001643523-16-000004.hdr.sgml : 20160302
20160302202640
ACCESSION NUMBER: 0001643523-16-000004
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160229
FILED AS OF DATE: 20160302
DATE AS OF CHANGE: 20160302
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: Walker Jonathan
CENTRAL INDEX KEY: 0001643523
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37468
FILM NUMBER: 161479227
MAIL ADDRESS:
STREET 1: 50 CASTILIAN DRIVE
CITY: GOLETA
STATE: CA
ZIP: 93117
4
1
wf-form4_145696838881010.xml
FORM 4
X0306
4
2016-02-29
0
0001433195
APPFOLIO INC
APPF
0001643523
Walker Jonathan
50 CASTILIAN DRIVE
GOLETA
CA
93117
0
1
0
0
Chief Technology Officer
Employee Stock Option (Right to Buy)
11.7
2016-02-29
4
A
0
24999
0
A
2026-02-28
Class A Common Stock
24999.0
24999
D
The options were granted pursuant to the Issuer's 2015 Stock Incentive Plan.
The options are subject to vesting based on the Issuer's performance relative to a pre-established target relating to free cash flow for the year ended December 31, 2016. The Issuer's performance relative to the targeted amount will be determined by the Compensation Committee by reference to the Issuer's 2016 financial statements.
The number of options subject to vesting will be determined by reference to a pre-established vesting schedule. The reported amount of shares assumes achievement at the maximum level, which would require performance at 150% of the targeted amount. For performance at 100% of the targeted amount, approximately 67% of the options would vest. For performance at 80% of the targeted amount, approximately 33% of the options would vest. For performance below 80% of the targeted amount, no options would vest and the options would be forfeited.
/s/ Ida Kane, as Attorney-In-Fact for Jonathan Walker
2016-03-02