0000899243-20-000132.txt : 20200102 0000899243-20-000132.hdr.sgml : 20200102 20200102181730 ACCESSION NUMBER: 0000899243-20-000132 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20191230 FILED AS OF DATE: 20200102 DATE AS OF CHANGE: 20200102 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: DUCA MAURICE J CENTRAL INDEX KEY: 0000938333 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-37468 FILM NUMBER: 20502661 MAIL ADDRESS: STREET 1: PO BOX 5609 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 2019-12-30 0 0001433195 APPFOLIO INC APPF 0000938333 DUCA MAURICE J C/O IGSB, INC. 1485 E. VALLEY ROAD, SUITE H SANTA BARBARA CA 93108 0 0 1 0 Class A Common Stock 2019-12-30 4 J 0 42400 0.00 D 27509 I By Pension Plan Class A Common Stock 9805 D Class A Common Stock 373116 I By Duca Fund 12, LLC Class A Common Stock 13072 I By IGSB IVP III, LLC As reported in a Form 4 filed by the Reporting Person on December 28, 2017, Duca Fund 12, LLC ("Fund 12"), held a total of 400,000 shares of the issuer's Class A Common Stock ("Class A Shares") and a private pension plan held a total of 52,830 Class A Shares. The Reporting Person beneficially owned, indirectly, all of these Class A Shares, because he was the sole manager of Fund 12 and the sole trustee of that pension plan, possessing sole dispositive and voting power over all of these Class A Shares. The beneficiary of that pension plan ("Plan 1") was a person other than the Reporting Person. On August 3, 2018, Fund 12 transferred, without consideration, a total of 17,079 Class A Shares to Plan 1 and 9,805 Class A Shares to another pension plan of which the Reporting Person was also the sole trustee and beneficiary ("Plan 2"). These transfers did not change or otherwise affect the total number of Class A Shares beneficially owned by the Reporting Person or the nature of his beneficial ownership, because he was the indirect beneficial owner of all of these Class A Shares both prior to and after these transfers. On December 31, 2018, the above-referenced 9,805 Class A Shares were rolled over, without consideration, from Plan 2 to the Reporting Person's IRA. This rollover changed the nature of the Reporting Person's beneficial ownership of these 9,805 Shares from indirect to direct, but did not change or otherwise affect the total number of Class A Shares over which the Reporting Person possessed sole dispositive and voting power. On December 30, 2019, 42,400 of the Class A Shares that had been held by Plan 1 were distributed, without consideration, to the beneficiary of that Plan. The Reporting Person did not have any pecuniary interest in these Shares. As a result, the only effect of that distribution was to reduce the total number of Class A Shares beneficially owned by the Reporting Person. These Class A Shares are owned by IGSB IVP III, LLC, a private investment fund managed by Investment Group of Santa Barbara LLC ("IGSB"). The Reporting Person is one of three members of IGSB and all decisions regarding the voting and disposition of these Shares require the unanimous approval of all three of IGSB's members. As a result, the Reporting Person may be deemed to share voting and dispositive power over these Shares with IGSB and its other two members. However, the Reporting Person disclaims beneficial ownership over these Shares, except to the extent of any pecuniary interest therein. Maurice J. Duca, By: /s/ Kimberly Shea, Attorney-in-Fact for Maurice J. Duca 2020-01-02