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