0001209191-23-027201.txt : 20230503
0001209191-23-027201.hdr.sgml : 20230503
20230503210735
ACCESSION NUMBER: 0001209191-23-027201
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230501
FILED AS OF DATE: 20230503
DATE AS OF CHANGE: 20230503
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: 23886073
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: 70 CASTILIAN DRIVE
CITY: SANTA BARBARA
STATE: CA
ZIP: 93117
BUSINESS PHONE: 8053646047
MAIL ADDRESS:
STREET 1: 70 CASTILIAN DRIVE
CITY: SANTA BARBARA
STATE: CA
ZIP: 93117
4
1
doc4.xml
FORM 4 SUBMISSION
X0407
4
2023-05-01
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
0
Class A Common Stock
2023-05-01
4
J
0
142857
0.00
A
142857
I
By IGSB Gaucho Fund I, LLC
Class A Common Stock
59383
D
Class A Common Stock
44037
I
By Pension Trust
Class A Common Stock
9805
I
By IGSB Cardinal Core BV, LLC
Class A Common Stock
84653
I
By Private Foundation
Class B Common Stock
0.00
2023-05-01
4
J
0
142858
0.00
D
Class A Common Stock
142858
3597416
D
Class B Common Stock
0.00
2023-05-01
4
J
0
142858
0.00
A
Class A Common Stock
142858
142858
I
By IGSB Gaucho Fund I, LLC
Class B Common Stock
0.00
Class A Common Stock
2536153
I
By Pension Trust
Class B Common Stock
0.00
Class A Common Stock
207124
I
By Family Trust
Class B Common Stock
0.00
Class A Common Stock
4995
I
By IGSB Cardinal Core BV, LLC
Class B Common Stock
0.00
Class A Common Stock
24600
I
By IGSB Cardinal Core MX, LLC
Class B Common Stock
0.00
Class A Common Stock
7022
I
By Charitable Remainder Trust
Class B Common Stock
0.00
Class A Common Stock
12828
I
By Private Foundation
142,857 shares of Class A Common Stock ("Class A Shares") were acquired by IGSB Gaucho Fund I, LLC ("IGSB Gaucho LLC") in connection with the transfer of these Class A Shares from other members of IGSB Gaucho LLC.
The Reporting Person is one of the managing members of IGSB Gaucho LLC and may be deemed to have shared voting and dispositive power with the other managing members over these Class A Shares. However, the Reporting Person disclaims beneficial ownership in these Class A Shares, except to the extent of any pecuniary interest he may have therein.
These Class A Shares are held by a pension trust of which the Reporting Person is the sole trustee and who, in that capacity, possesses sole voting and sole dispositive power over these Class A Shares. However, the Reporting Person does not possess any pecuniary interest in these Class A Shares.
These Class A Shares are owned by IGSB Cardinal Core BV, LLC, a limited liability company, of which the Reporting Person is the managing member. In that capacity, the Reporting Person possesses sole voting and dispositive power over these Class A Shares, but he disclaims beneficial ownership over the Class A Shares, except to the extent of any pecuniary interest he may have therein.
These Class A Shares are held by a private foundation of which the Reporting Person is the president and one of five members of its board of directors. The Reporting Person does not have any pecuniary interest in, and disclaims beneficial ownership of, these Class A Shares because decisions with respect to the voting and disposition of these Class A Shares are subject to the oversight and the approval of not less than three of the foundation's five-member board of directors.
142,858 shares of Class B Common Stock ("Class B Shares") were acquired by IGSB Gaucho LLC in connection with the transfer of these Class B Shares from various IRA accounts held by the Reporting Person.
Each Class B Share is convertible, at any time at the option of the holder, into one Class A Share. 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 7) 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 Shares and Class B Shares.
The Reporting Person is one of the managing members of IGSB Gaucho LLC and may be deemed to have shared voting and dispositive power with the other managing members over these Class B Shares. However, the Reporting Person disclaims beneficial ownership in these Class B Shares, except to the extent of any pecuniary interest he may have therein.
These Class B Shares are held by a pension trust of which the Reporting Person is the sole trustee and who, in that capacity, possesses sole voting and sole dispositive power over these Class B Shares. However, the Reporting Person does not possess any pecuniary interest in these Class B Shares.
These Class B Shares are owned by IGSB Cardinal Core BV, LLC, a limited liability company, of which the Reporting Person is the managing member. In that capacity, the Reporting Person possesses sole voting and dispositive power over these Class B Shares, but he disclaims beneficial ownership over the Class B Shares, except to the extent of any pecuniary interest he may have therein.
These Class B Shares are owned by IGSB Cardinal Core MX, LLC, a limited liability company, of which the Reporting Person is the managing member. In that capacity, the Reporting Person possesses sole voting and dispositive power over these Class B Shares, but he disclaims beneficial ownership over the Class B Shares, except to the extent of any pecuniary interest he may have therein.
These Class B Shares are held by a trust of which the Reporting Person is a co-trustee and, in that capacity, he may be deemed to share voting and dispositive power over these Class B Shares with the other trustee. However, the Reporting Person does not have a pecuniary interest in, and he disclaims beneficial ownership of, these Class B Shares.
These Class B Shares are held by a private foundation of which the Reporting Person is the president and one of five members of its board of directors. The Reporting Person does not have any pecuniary interest in, and disclaims beneficial ownership of, these Class B Shares because decisions with respect to the voting and disposition of these Class B Shares are subject to the oversight and the approval of not less than three of the foundation's five-member board of directors.
/s/ Kimberly Shea, Attorney-in-Fact for Maurice J. Duca
2023-05-03