SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* Trigg William Shane (Last) (First) (Middle) 50 CASTILIAN DR (Street) SANTA BARBARA CA 93117 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 12/17/2020	3. Issuer Name and Ticker or Trading Symbol APPFOLIO INC [ APPF ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) General Manager, Real Estate	5. If Amendment, Date of Original Filed (Month/Day/Year)
			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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Stock	40,917(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Includes (i) 31,473 time-based restricted stock units (RSUs) which vest over five years with 20% of the restricted stock units vesting annually beginning May 10, 2021, (ii) 2,099 performance-based restricted stock units (PSUs) granted in April 2020, 100% of which will vest, if earned, on or around March 1, 2021 subject to the satisfaction of certain performance criteria, (iii) 3,148 PSUs granted in April 2020, 100% of which will vest, if earned, on or around March 1, 2022 subject to the satisfaction of certain performance criteria, and (iv) 4,197 PSUs granted in April 2020, 100% of which will vest, if earned, on or around March 1, 2023 subject to the satisfaction of certain performance criteria. All RSUs and PSUs are settled in the Class A Common Stock.

Remarks:

EXHIBIT LIST: EX-24 Power of Atty for William Shane Trigg, GRAPHIC Power of Atty for WST, GRAPHIC Power of Atty for WST2

	/s/ Ida Kane as Attorney-in-Fact for William Shane Trigg	12/28/2020
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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