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SC 13G Filing
Fitbit SC 13GFitbit Inc
Filed: 10 Feb 16, 12:00am
Rule 13d-1(b) | |
Rule 13d-1(c) | |
X | Rule 13d-1(d) |
CUSIP No. 33812L102 | 13G | Page 2 of 13 Pages |
1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Softbank Princeville Investments, L.P. | ||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] | ||
3 | SEC USE ONLY | ||
4 | CITIZENSHIP OR PLACE OF ORGANIZATION Guernsey | ||
NUMBER OF | 5 | SOLE VOTING POWER 0 | |
SHARES BENEFICIALLY OWNED BY | 6 | SHARED VOTING POWER 8,139,993 (See Items 2 and 4 herein) | |
EACH REPORTING PERSON | 7 | SOLE DISPOSITIVE POWER 0 | |
WITH | 8 | SHARED DISPOSITIVE POWER 8,139,993 (See Items 2 and 4 herein) | |
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,139,993 (See Items 2 and 4 herein) | ||
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] | ||
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.6% (See Item 4 herein) | ||
12 | TYPE OF REPORTING PERSON* PN |
CUSIP No. 33812L102 | 13G | Page 3 of 13 Pages |
1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) SB PV GP L.P. | ||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] | ||
3 | SEC USE ONLY | ||
4 | CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands | ||
NUMBER OF | 5 | SOLE VOTING POWER 0 | |
SHARES BENEFICIALLY OWNED BY | 6 | SHARED VOTING POWER 8,139,993 (See Items 2 and 4 herein) | |
EACH REPORTING PERSON | 7 | SOLE DISPOSITIVE POWER 0 | |
WITH | 8 | SHARED DISPOSITIVE POWER 8,139,993(See Items 2 and 4 herein) | |
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,139,993 (See Items 2 and 4 herein) | ||
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] | ||
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.6% (See Item 4 herein) | ||
12 | TYPE OF REPORTING PERSON* PN |
CUSIP No. 33812L102 | 13G | Page 4 of 13 Pages |
1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) SB PV GP LLC | ||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] | ||
3 | SEC USE ONLY | ||
4 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware | ||
NUMBER OF | 5 | SOLE VOTING POWER 0 | |
SHARES BENEFICIALLY OWNED BY | 6 | SHARED VOTING POWER 8,139,993 (See Items 2 and 4 herein) | |
EACH REPORTING PERSON | 7 | SOLE DISPOSITIVE POWER 0 | |
WITH | 8 | SHARED DISPOSITIVE POWER 8,139,993 (See Items 2 and 4 herein) | |
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,139,993 (See Items 2 and 4 herein) | ||
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] | ||
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.6% (See Item 4 herein) | ||
12 | TYPE OF REPORTING PERSON* OO |
CUSIP No. 33812L102 | 13G | Page 5 of 13 Pages |
1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Ronald D. Fisher | ||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] | ||
3 | SEC USE ONLY | ||
4 | CITIZENSHIP OR PLACE OF ORGANIZATION United States | ||
NUMBER OF | 5 | SOLE VOTING POWER 0 | |
SHARES BENEFICIALLY OWNED BY | 6 | SHARED VOTING POWER 8,139,993 (See Items 2 and 4 herein) | |
EACH REPORTING PERSON | 7 | SOLE DISPOSITIVE POWER 0 | |
WITH | 8 | SHARED DISPOSITIVE POWER 8,139,993 (See Items 2 and 4 herein) | |
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,139,993 (See Items 2 and 4 herein) | ||
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] | ||
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.6% (See Item 4 herein) | ||
12 | TYPE OF REPORTING PERSON* IN |
CUSIP No. 33812L102 | 13G | Page 6 of 13 Pages |
1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Kabir Misra | ||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] | ||
3 | SEC USE ONLY | ||
4 | CITIZENSHIP OR PLACE OF ORGANIZATION United States | ||
NUMBER OF | 5 | SOLE VOTING POWER 0 | |
SHARES BENEFICIALLY OWNED BY | 6 | SHARED VOTING POWER 8,139,993 (See Items 2 and 4 herein) | |
EACH REPORTING PERSON | 7 | SOLE DISPOSITIVE POWER 0 | |
WITH | 8 | SHARED DISPOSITIVE POWER 8,139,993 (See Items 2 and 4 herein) | |
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,139,993 (See Items 2 and 4 herein) | ||
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] | ||
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.6% (See Item 4 herein) | ||
12 | TYPE OF REPORTING PERSON* IN |
CUSIP No. 33812L102 | 13G | Page 7 of 13 Pages |
1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Steven Murray | ||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] | ||
3 | SEC USE ONLY | ||
4 | CITIZENSHIP OR PLACE OF ORGANIZATION United States | ||
NUMBER OF | 5 | SOLE VOTING POWER 0 | |
SHARES BENEFICIALLY OWNED BY | 6 | SHARED VOTING POWER 8,139,993 (See Items 2 and 4 herein) | |
EACH REPORTING PERSON | 7 | SOLE DISPOSITIVE POWER 0 | |
WITH | 8 | SHARED DISPOSITIVE POWER 8,139,993 (See Items 2 and 4 herein) | |
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,139,993 (See Items 2 and 4 herein) | ||
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] | ||
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.6% (See Item 4 herein) | ||
12 | TYPE OF REPORTING PERSON* IN |
CUSIP No. 33812L102 | 13G | Page 8 of 13 Pages |
Item 1. |
(a) | Name of Issuer: |
(b) | Address of Issuer’s Principal Executive Offices: |
405 Howard Street |
San Francisco, CA 94105 |
Item 2. |
(a) | Name of Person Filing: |
Softbank PrinceVille Investments, L.P. (“Investments”) |
SB PV GP, L.P. (“GP”) |
SB PV GP LLC (“LLC”) |
Ronald D. Fisher (Fisher”) |
Kabir Misra (“Misra”) |
Steven Murray (“Murray”) |
See attached Exhibit A, which is a copy of their agreement in writing to file this statement on behalf of each of them. |
The shares reported herein are directly owned by Investments. GP is the general partner of Investments and the LLC is the general partner of the GP. The managing members of the LLC are Fisher, Misra and Murray (Investments, GP, LLC, Fisher, Misra and Murray hereinafter sometimes referred to as the “Reporting Persons”). |
(b) | Address of Principal Business Office or, if none, Residence: |
The business address for each of Investments, GP, the LLC, Fisher, Misra and Murray is c/o SoftBank Capital, 38 Glen Avenue, Newton, Massachusetts 02459. |
(c) | Citizenship: |
Investments is a limited partnership organized under the laws of Guernsey and the GP is a limited partnership organized under the laws of the Cayman Islands. The LLC is a limited liability company organized under the laws of the State of Delaware. Each of Fisher, Misra and Murray are citizens of the United States. |
(d) | Title of Class of Securities: |
Class A Common Stock, $0.0001 par value per share (the “Class A Common Stock”) |
(e) | CUSIP Number: |
CUSIP No. 33812L102 | 13G | Page 9 of 13 Pages |
Item 3. | If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: | NOT APPLICABLE. |
(a) | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). | |
(b) | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). | |
(c) | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). | |
(d) | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8). | |
(e) | An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); | |
(f) | An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); | |
(g) | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G); | |
(h) | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); | |
(i) | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); | |
(j) | A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J); | |
(k) | Group, in accordance with §240.13d-1(b)(1)(ii)(K). |
Item 4. | Ownership. |
(a) | Amount beneficially owned: |
(b) | Percent of class: |
As of December 31, 2015 (based on (i) 99,396,072 shares of Class A Common Stock outstanding as of December 31, 2015 as reported by the Issuer to the Reporting Persons plus (ii) 8,139,993 shares of Class A Common Stock issuable upon conversion of the Class B Common Stock beneficially owned by the Reporting Persons), the 8,139,993 shares of the Issuer’s Class B Common Stock beneficially owned by the Reporting Persons constituted 7.6% of the Class A Common Stock outstanding, calculated in accordance with Rule 13d-3(d). |
CUSIP No. 33812L102 | 13G | Page 10 of 13 Pages |
Based on (i) 99,396,072 shares of the Class A Common Stock outstanding (1 vote per share) and (ii) 115,379,751 shares of the Class B Common Stock outstanding (10 votes per share) as of December 31, 2015 as reported by the Issuer to the Reporting Persons, the 8,139,993 shares of Class B Common Stock beneficially owned by the Reporting Persons constituted 6.5% of the voting power and 3.8% of the combined equity of all classes of the Issuer’s common stock outstanding. |
(c) | Number of shares as to which the person has: |
(i) | Sole power to vote or to direct the vote – 0 | |
(ii) | Shared power to vote or to direct the vote – Investments, the GP, the LLC, Fisher, Misra and Murray share the power to vote or direct the vote of the 8,139,993 shares of the Issuer’s Common Stock owned by Investments. | |
(iii) | Sole power to dispose or to direct the disposition of – 0 | |
(iv) | Shared power to dispose or to direct the disposition of – Investments, the GP, the LLC, Fisher, Misra and Murray share the power to dispose or to direct the disposition of the 8,139,993 shares of the Issuer’s Common Stock owned by Investments. |
Item 5. | Ownership of Five Percent or Less of a Class. |
Item 6. | Ownership of More than Five Percent on Behalf of Another Person. |
Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. |
Item 8. | Identification and Classification of Members of the Group. |
Item 9. | Notice of Dissolution of Group. |
CUSIP No. 33812L102 | 13G | Page 11 of 13 Pages |
Item 10. | Certification |
Not Applicable |
CUSIP No. 33812L102 | 13G | Page 12 of 13 Pages |
February 10, 2016 | SOFTBANK PRINCEVILLE INVESTMENTS, L.P. By: SB PV GP, L.P., its General Partner By: SB PV GP LLC, its General Partner By: /s/Steven J. Murray Name: Steven J. Murray Title: Managing Member |
February 10, 2016 | SB PV GP, L.P. By: SB PV GP LLC, its General Partner By: /s/Steven J. Murray Name: Steven J.Murray Title: Managing Member |
February 10, 2016 | SB PV GP LLC By: /s/Steven J. Murray Name: Steven J. Murray Title: Managing Member |
February 10, 2016 | /s/Ronald D. Fisher Ronald D. Fisher |
February 10, 2016 | /s/Kabir Misra Kabir Misra |
February 10, 2016 | /s/ Steven J. Murray Steven J. Murray |
CUSIP No. 33812L102 | 13G | Page 13 of 13 Pages |
EXHIBIT A |
AGREEMENT |
JOINT FILING OF SCHEDULE 13G |
February 10, 2016 | SOFTBANK PRINCEVILLE INVESTMENTS, L.P. By: SB PV GP, L.P., its General Partner By: SB PV GP LLC, its General Partner By: /s/Steven J. Murray Name: Steven J. Murray Title: Managing Member |
February 10, 2016 | SB PV GP, L.P. By: SB PV GP LLC, its General Partner By: /s/Steven J. Murray Name: Steven J.Murray Title: Managing Member |
February 10, 2016 | SB PV GP LLC By: /s/Steven J. Murray Name: Steven J. Murray Title: Managing Member |
February 10, 2016 | /s/Ronald D. Fisher Ronald D. Fisher |
February 10, 2016 | /s/Kabir Misra Kabir Misra |
February 10, 2016 | /s/ Steven J. Murray Steven J. Murray |