0001671594-16-000004.txt : 20160524
0001671594-16-000004.hdr.sgml : 20160524
20160524200400
ACCESSION NUMBER: 0001671594-16-000004
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160520
FILED AS OF DATE: 20160524
DATE AS OF CHANGE: 20160524
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: 161673231
MAIL ADDRESS:
STREET 1: 4942 LA GAMA WAY
CITY: SANTA BARBARA
STATE: CA
ZIP: 93111
4
1
wf-form4_146413462731216.xml
FORM 4
X0306
4
2016-05-20
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)
13.43
2016-05-20
4
A
0
200001
0
A
2026-05-19
Class A Common Stock
200001.0
200001
D
The options were granted pursuant to the Issuer's 2015 Stock Incentive Plan.
The options vest as to 50% of the underlying shares based upon the Issuer's achievement relative to pre-established targets relating to free cash flow for each of fiscal year 2017 and fiscal year 2018. The Issuer's performance relative to the targeted amount will be determined by the Compensation Committee by reference to the Issuer's 2017 and 2018 financial statements.
The reported amount of shares assumes achievement at the maximum level, which would require performance at 150% of the targeted amount. For performance at the targeted amount, approximately 67% of the options would vest. For fiscal year 2017, Issuer performance below 50% of target will result in no options vesting. For fiscal year 2018, Issuer performance below 80% of target will result in no options vesting. The specific vesting percentages for Issuer achievement relative to the performance targets will be determined by reference to sliding vesting scales for each of fiscal year 2017 and 2018.
/s/Ida Kane, as Attorney-in-Fact for Jason Robert Randall
2016-05-24