0000899243-21-046860.txt : 20211203
0000899243-21-046860.hdr.sgml : 20211203
20211203205109
ACCESSION NUMBER: 0000899243-21-046860
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: BLISS TIMOTHY K
CENTRAL INDEX KEY: 0000938332
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37468
FILM NUMBER: 211471728
MAIL ADDRESS:
STREET 1: P O BOX 50440
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
0
0001433195
APPFOLIO INC
APPF
0000938332
BLISS TIMOTHY K
C/O IGSB, INC.
1485 E. VALLEY ROAD, SUITE H
SANTA BARBARA
CA
93108
1
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
Class B Common Stock
0.00
2021-12-01
4
J
0
203611
0.00
A
Class A Common Stock
203611
881049
D
Class B Common Stock
0.00
2021-05-12
4
G
0
1800
0.00
D
Class A Common Stock
1800
536150
I
By Family Trust
Class B Common Stock
0.00
Class A Common Stock
37600
I
See footnote
Class B Common Stock
0.00
Class A Common Stock
2200
I
See footnote
Class B Common Stock
0.00
Class A Common Stock
34016
I
See footnote
Class B Common Stock
0.00
Class A Common Stock
49016
I
See footnote
On December 1, 2021, three investment funds of IGSB IVP III, LLC ("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 the investors in those investment funds. No consideration was paid by any of those investors 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 ("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.
On December 1, 2021, four investment funds of IGSB Internal Venture Fund III, LLC ("IVF III") were dissolved, resulting in the termination of each of those investment funds and the distribution of an aggregate of 993,627 Class B Shares pro-rata to the investors in those investment funds. No consideration was paid by any of those investors for the Class B Shares distributed to them.
The Reporting Person received a total of 203,611 Class B Shares upon the pro-rata distributions of Class B Shares referenced in footnote 1 and footnote 4 above. No consideration was paid by the Reporting Person for these Class B Shares.
These Class B Shares were donated by the Reporting Person to a charitable organization.
These Class B Shares are owned by a grantor trust established for one of the Reporting Person's adult children. The Reporting Person's spouse is the trustee of that trust and, in that capacity, possesses sole voting and dispositive power over these Class B Shares. However, neither she nor the Reporting Person is a beneficiary of the trust and neither of them has, and they disclaim, any pecuniary interest in these Class B Shares.
These Class B Shares are owned by another grantor trust also established for one of the Reporting Person's adult children. The Reporting Person's spouse is the trustee of that trust and, in that capacity, possesses sole voting and dispositive power over these Class B Shares. However, neither she nor the Reporting Person is a beneficiary of the trust and neither of them has, and they disclaim, any pecuniary interest in these Class B Shares.
Timothy K. Bliss, By: /s/ Kimberly Shea, Attorney-in-Fact for Timothy K. Bliss
2021-12-03