CUSIP No. 03783C100
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1
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NAME OF REPORTING PERSONS
Keenan Capital, LLC
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
(b) ☐
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
California
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
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5
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SOLE VOTING POWER
0
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6
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SHARED VOTING POWER
991,986
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7
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SOLE DISPOSITIVE POWER
0
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8
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SHARED DISPOSITIVE POWER
991,986
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
991,986
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10
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
☐
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.5%
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12
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TYPE OF REPORTING PERSON
OO
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CUSIP No. 03783C100
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1
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NAME OF REPORTING PERSONS
Keenan Capital GP, LLC
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
(b) ☐
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
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5
|
SOLE VOTING POWER
0
|
6
|
SHARED VOTING POWER
991,986
|
|
7
|
SOLE DISPOSITIVE POWER
0
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8
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SHARED DISPOSITIVE POWER
991,986
|
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9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
991,986
|
|
10
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
☐
|
|
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.5%
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12
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TYPE OF REPORTING PERSON
OO
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CUSIP No. 03783C100
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1
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NAME OF REPORTING PERSONS
Charles J. Keenan, IV
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
(b) ☐
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
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5
|
SOLE VOTING POWER
77,944
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6
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SHARED VOTING POWER
1,197,042
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7
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SOLE DISPOSITIVE POWER
77,944
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8
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SHARED DISPOSITIVE POWER
1,197,042
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,274,986
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10
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
☐
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11.0%
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12
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TYPE OF REPORTING PERSON
IN
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Item 1(a).
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Name of Issuer:
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AppFolio, Inc.
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Item 1(b).
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Address of Issuer’s Principal Executive Offices:
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50 Castilian Drive
Goleta, CA 93117
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Item 2(a).
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Name of Person Filing: |
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This Schedule 13G is being filed jointly by Keenan Capital, LLC (“Keenan Capital”), Keenan Capital GP, LLC (“KCGP”) and Charles J. Keenan, IV (“Mr. Keenan” and together with Keenan Capital and KCGP, the “Reporting Persons”) with respect to shares of Class A Common Stock, par value $0.0001 of AppFolio, Inc.
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Item 2(b).
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Address of Principal Business Office or, if None, Residence: |
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The address of the principal business office of the Reporting Persons is: 1229 Burlingame Avenue, Suite 201 Burlingame, CA 94010.
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Item 2(c).
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Citizenship: |
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Keenan Capital is a California limited liability company. KCGP is a Delaware limited liability company. Mr. Keenan is a citizen of the United States of America. |
Item 2(d).
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Title of Class of Securities: |
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Class A Common Stock, par value $0.0001. |
Item 2(e).
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CUSIP Number: |
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03783C100 |
Item 3.
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If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:
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Not applicable.
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Item 4.
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Ownership. |
A.
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Keenan Capital, LLC
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(a)
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Amount beneficially owned: 991,986 shares
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(b)
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Percent of Class: 8.5%
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(c)
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Number of shares as to which Keenan Capital has:
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(i)
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Sole power to vote or to direct the vote: 0
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(ii)
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Shared power to vote or to direct the vote: 991,986
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(iii)
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Sole power to dispose or to direct the disposition of: 0
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(iv)
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Shared power to dispose or to direct the disposition of: 991,986
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B.
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Keenan Capital GP, LLC
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(a)
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Amount beneficially owned: 991,986 shares
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(b)
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Percent of Class: 8.5%
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(c)
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Number of shares as to which KCGP has:
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(i)
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Sole power to vote or to direct the vote: 0
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(ii)
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Shared power to vote or to direct the vote: 991,986
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(iii)
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Sole power to dispose or to direct the disposition of: 0
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(iv)
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Shared power to dispose or to direct the disposition of: 991,986
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C.
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Charles J. Keenan, IV
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(a)
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Amount beneficially owned: 1,274,986 shares
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(b)
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Percent of Class: 11.0%
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(c)
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Number of shares as to which Mr. Keenan has:
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(i)
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Sole power to vote or to direct the vote: 77,944
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(ii)
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Shared power to vote or to direct the vote: 1,197,042
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(iii)
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Sole power to dispose or to direct the disposition of: 77,944
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(iv)
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Shared power to dispose or to direct the disposition of: 1,197,042
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Item 7. |
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
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Keenan Capital, LLC
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Name:
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/s/ Charles J. Keenan, IV
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By:
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Charles J. Keenan, IV
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Title:
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Manager
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Keenan Capital GP, LLC
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Name:
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/s/ Charles J. Keenan, IV
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By:
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Charles J. Keenan, IV
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Title:
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Manager
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Individual
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/s/ Charles J. Keenan, IV
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Charles J. Keenan, IV
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Exhibit No.
A
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Description
Joint Filing Agreement (incorporated by reference to Exhibit A to the Schedule 13G, relating to the Class A Shares, filed by the Reporting Persons with the SEC on July 10, 2015)
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