FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5                       
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

FRIEDMAN ERIC N.
2. Issuer Name and Ticker or Trading Symbol

FITBIT, INC. [ FIT ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    __X__ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
CTO
(Last)          (First)          (Middle)

C/O FITBIT INC., 199 FREMONT STREET, 14TH FLOOR
3. Date of Earliest Transaction (MM/DD/YYYY)

9/15/2020
(Street)

SAN FRANCISCO, CA 94105
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 9/15/2020  M  4117 A$0 (1)92424 D  
Class A Common Stock 9/15/2020  M  4125 A$0 (1)96549 D  
Class A Common Stock 9/15/2020  M  17400 A$0 (1)113949 D  
Class A Common Stock 9/15/2020  F  8868 D$6.37 105081 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Class B Common Stock  (2)8/11/2020  G   V   599400   (2) (2)Class A Common Stock 599400 $0 599400 I By GRAT 1 
Class B Common Stock  (2)8/11/2020  G   V 599400     (2) (2)Class A Common Stock 599400 $0 1449390 I By GRAT 9 
Class B Common Stock  (2)8/11/2020  G   V   599400   (2) (2)Class A Common Stock 599400 $0 0 I By GRAT 1 
Class B Common Stock  (2)8/11/2020  G   V 599400     (2) (2)Class A Common Stock 599400 $0 1449388 I By GRAT 10 
Class B Common Stock  (2)8/11/2020  G   V   288298   (2) (2)Class A Common Stock 288298 $0 1161092 I By GRAT 9 
Class B Common Stock  (2)8/11/2020  G   V 288298     (2) (2)Class A Common Stock 288298 $0 288298 I By GRAT 11 
Class B Common Stock  (2)8/11/2020  G   V   262346   (2) (2)Class A Common Stock 262346 $0 1187042 I By GRAT 10 
Class B Common Stock  (2)8/11/2020  G   V 262346     (2) (2)Class A Common Stock 262346 $0 550644 I By GRAT 11 
Class B Common Stock  (2)8/11/2020  G   V   257527   (2) (2)Class A Common Stock 257527 $0 66474 I By GRAT 7 
Class B Common Stock  (2)8/11/2020  G   V 257527     (2) (2)Class A Common Stock 257527 $0 1418619 I By GRAT 9 
Class B Common Stock  (2)8/11/2020  G   V   66474   (2) (2)Class A Common Stock 66474 $0 0 I By GRAT 7 
Class B Common Stock  (2)8/11/2020  G   V 66474     (2) (2)Class A Common Stock 66474 $0 617118 I By GRAT 11 
Class B Common Stock  (2)8/11/2020  G   V   257527   (2) (2)Class A Common Stock 257527 $0 119694 I By GRAT 8 
Class B Common Stock  (2)8/11/2020  G   V 257527     (2) (2)Class A Common Stock 257527 $0 1444569 I By GRAT 10 
Class B Common Stock  (2)8/11/2020  G   V   119694   (2) (2)Class A Common Stock 119694 $0 0 I By GRAT 8 
Class B Common Stock  (2)8/11/2020  G   V 119694     (2) (2)Class A Common Stock 119694 $0 736812 I By GRAT 11 
Restricted Stock Units $0 (1)9/15/2020  M     4117   (3) (3)Class A Common Stock 4117 $0 8233 D  
Restricted Stock Units $0 (1)9/15/2020  M     4125   (4) (4)Class A Common Stock 4125 $0 24750 D  
Restricted Stock Units $0 (1)9/15/2020  M     17400   (5) (5)Class A Common Stock 17400 $0 34800 D  
Class B Common Stock  (2)           (2) (2)Class A Common Stock 9878085  9878085 D  

Explanation of Responses:
(1) Each restricted stock unit ("RSU") represents a contingent right to receive 1 share of the Issuer's Class A common stock upon settlement for no consideration.
(2) Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock and has no expiration date. The Class B Common Stock will convert automatically into Class A Common Stock on the same basis upon the earlier of: (i) any transfer, whether or not for value, except for certain "Permitted Transfers" as defined in the Issuer's restated certificate of incorporation in effect as of the date hereof, (ii) the affirmative vote of the holders of Class B Common Stock representing not less than a majority of the outstanding shares of Class B Common Stock, or (iii) June 17, 2027.
(3) 1/12th of the RSUs vested on June 15, 2018, and the remainder will vest on each quarterly anniversary thereafter in equal installments, until such time as the RSUs are 100% vested, subject to the continuing employment of the Reporting Person on each vesting date. Shares of the Issuer's Class A common stock will be delivered to the Reporting Person upon vesting.
(4) 1/12th of the RSUs vested on June 15, 2019, and the remainder will vest on each quarterly anniversary thereafter in equal installments, until such time as the RSUs are 100% vested, subject to the continuing employment of the Reporting Person on each vesting date. Shares of the Issuer's Class A common stock will be delivered to the Reporting Person upon vesting.
(5) 1/4 of the RSUs will vest on June 15, 2020, and the remainder will vest quarterly thereafter in equal installments, until such time as the RSUs are 100% vested, subject to the continuing employment of the Reporting Person on each vesting date. Shares of the Issuer's Class A Common Stock will be delivered to the Reporting Person upon vesting.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
FRIEDMAN ERIC N.
C/O FITBIT INC.
199 FREMONT STREET, 14TH FLOOR
SAN FRANCISCO, CA 94105
XXCTO

Signatures
/s/ Andy Missan, attorney-in-fact9/16/2020
**Signature of Reporting PersonDate

Fitbit (NYSE:FIT)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Fitbit Charts.
Fitbit (NYSE:FIT)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Fitbit Charts.