<SEC-DOCUMENT>0001140361-16-047057.txt : 20160106
<SEC-HEADER>0001140361-16-047057.hdr.sgml : 20160106
<ACCEPTANCE-DATETIME>20160106205808
ACCESSION NUMBER:		0001140361-16-047057
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20160104
FILED AS OF DATE:		20160106
DATE AS OF CHANGE:		20160106

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			APPFOLIO INC
		CENTRAL INDEX KEY:			0001433195
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		50 CASTILIAN DRIVE
		CITY:			GOLETA
		STATE:			CA
		ZIP:			93117
		BUSINESS PHONE:		8053646093

	MAIL ADDRESS:	
		STREET 1:		50 CASTILIAN DRIVE
		CITY:			GOLETA
		STATE:			CA
		ZIP:			93117

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			HUGHES JASON F
		CENTRAL INDEX KEY:			0001279755

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-37468
		FILM NUMBER:		161328642

	MAIL ADDRESS:	
		STREET 1:		1482 EAST VALLEY ROAD
		STREET 2:		SUITE 300
		CITY:			SANTA BARBARA
		STATE:			CA
		ZIP:			93108

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			KARAN STEVEN L
		CENTRAL INDEX KEY:			0001279767

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-37468
		FILM NUMBER:		161328643

	MAIL ADDRESS:	
		STREET 1:		1482 EAST VALLEY ROAD
		STREET 2:		SUITE 300
		CITY:			SANTA BARBARA
		STATE:			CA
		ZIP:			93108

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Meadowridge Ventures, L.P.
		CENTRAL INDEX KEY:			0001646467
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-37468
		FILM NUMBER:		161328644

	BUSINESS ADDRESS:	
		STREET 1:		1482 EAST VALLEY ROAD
		STREET 2:		SUITE 300
		CITY:			SANTA BARBARA
		STATE:			CA
		ZIP:			93108
		BUSINESS PHONE:		805-969-2662

	MAIL ADDRESS:	
		STREET 1:		1482 EAST VALLEY ROAD
		STREET 2:		SUITE 300
		CITY:			SANTA BARBARA
		STATE:			CA
		ZIP:			93108

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Clarity Ventures, L.P.
		CENTRAL INDEX KEY:			0001646465
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-37468
		FILM NUMBER:		161328645

	BUSINESS ADDRESS:	
		STREET 1:		1482 EAST VALLEY ROAD
		STREET 2:		SUITE 300
		CITY:			SANTA BARBARA
		STATE:			CA
		ZIP:			93108
		BUSINESS PHONE:		805-969-2662

	MAIL ADDRESS:	
		STREET 1:		1482 EAST VALLEY ROAD
		STREET 2:		SUITE 300
		CITY:			SANTA BARBARA
		STATE:			CA
		ZIP:			93108

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Clarity Ventures, Inc.
		CENTRAL INDEX KEY:			0001661441
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-37468
		FILM NUMBER:		161328646

	BUSINESS ADDRESS:	
		STREET 1:		1482 EAST VALLEY ROAD
		STREET 2:		SUITE 300
		CITY:			SANTA BARBARA
		STATE:			CA
		ZIP:			93108
		BUSINESS PHONE:		805-969-2662

	MAIL ADDRESS:	
		STREET 1:		1482 EAST VALLEY ROAD
		STREET 2:		SUITE 300
		CITY:			SANTA BARBARA
		STATE:			CA
		ZIP:			93108
</SEC-HEADER>
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        <issuerName>APPFOLIO INC</issuerName>
        <issuerTradingSymbol>APPF</issuerTradingSymbol>
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            <rptOwnerName>Clarity Ventures, L.P.</rptOwnerName>
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            <rptOwnerStreet2>SUITE 300</rptOwnerStreet2>
            <rptOwnerCity>SANTA BARBARA</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
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    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001646467</rptOwnerCik>
            <rptOwnerName>Meadowridge Ventures, L.P.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1482 EAST VALLEY ROAD</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 300</rptOwnerStreet2>
            <rptOwnerCity>SANTA BARBARA</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>93108</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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        <reportingOwnerRelationship>
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            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001279767</rptOwnerCik>
            <rptOwnerName>KARAN STEVEN L</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1482 EAST VALLEY ROAD</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 300</rptOwnerStreet2>
            <rptOwnerCity>SANTA BARBARA</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>93108</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
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            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001279755</rptOwnerCik>
            <rptOwnerName>HUGHES JASON F</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1482 EAST VALLEY ROAD</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 300</rptOwnerStreet2>
            <rptOwnerCity>SANTA BARBARA</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>93108</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
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            <isOfficer>0</isOfficer>
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            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>CLASS A COMMON STOCK</value>
            </securityTitle>
            <transactionDate>
                <value>2016-01-04</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>18700</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>13.88</value>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>23700</value>
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            <ownershipNature>
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                    <value>D</value>
                    <footnoteId id="F2"/>
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        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>CLASS A COMMON STOCK</value>
            </securityTitle>
            <transactionDate>
                <value>2016-01-04</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>779</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>13.88</value>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
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            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>6479</value>
                </sharesOwnedFollowingTransaction>
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                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F3"/>
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        <nonDerivativeTransaction>
            <securityTitle>
                <value>CLASS A COMMON STOCK</value>
            </securityTitle>
            <transactionDate>
                <value>2016-01-05</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>4600</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>13.92</value>
                    <footnoteId id="F4"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
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                <sharesOwnedFollowingTransaction>
                    <value>28300</value>
                </sharesOwnedFollowingTransaction>
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                    <value>D</value>
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        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>CLASS A COMMON STOCK</value>
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            <transactionDate>
                <value>2016-01-06</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionAmounts>
                <transactionShares>
                    <value>35100</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>13.68</value>
                    <footnoteId id="F5"/>
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                <transactionFormType>4</transactionFormType>
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                    <value>175025</value>
                </sharesOwnedFollowingTransaction>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F6"/>
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        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>CLASS A COMMON STOCK</value>
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                <sharesOwnedFollowingTransaction>
                    <value>12890</value>
                </sharesOwnedFollowingTransaction>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F7"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
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    <derivativeTable></derivativeTable>

    <footnotes>
        <footnote id="F1">The price reported in Column 4 is a weighted average price.  These shares were purchased in multiple transactions at prices ranging from $13.60 to $14.00, inclusive.  The reporting persons undertake to provide to AppFolio, Inc., any security holder of AppFolio, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in footnotes (1), (4) and (5) to this Form 4.</footnote>
        <footnote id="F2">These shares are directly owned by Clarity Ventures, L.P. (&quot;Clarity LP&quot;).  These shares are indirectly owned by Clarity Ventures, Inc. (&quot;Clarity GP&quot;), as the general partner of Clarity LP.  These shares are also indirectly owned by Steven L. Karan (&quot;Mr. Karan&quot;), as the President and 100% owner of Clarity GP, and by Jason F. Hughes (&quot;Mr. Hughes&quot;), as an authorized officer of Clarity GP.</footnote>
        <footnote id="F3">These shares are directly owned by Meadowridge Ventures, L.P. (&quot;Meadowridge&quot;).  These shares are indirectly owned by Clarity GP, as the general partner of Meadowridge.  These shares are also indirectly owned by Mr. Karan, as the President and 100% owner of Clarity GP, and by Mr. Hughes, as an authorized officer of Clarity GP.</footnote>
        <footnote id="F4">The price reported in Column 4 is a weighted average price.  These shares were purchased in multiple transactions at prices ranging from $13.84 to $14.00, inclusive.</footnote>
        <footnote id="F5">The price reported in Column 4 is a weighted average price.  These shares were purchased in multiple transactions at prices ranging from $13.47 to $13.95, inclusive.</footnote>
        <footnote id="F6">These shares are directly owned by Mr. Karan.  These shares are held in the Steven L. Karan Roth IRA.</footnote>
        <footnote id="F7">These shares are directly owned by Mr. Hughes.  These shares are held in the Jason F. Hughes Roth IRA.</footnote>
    </footnotes>

    <remarks>The reporting persons herein collectively form a Section 13(d) &quot;group,&quot; together with the Steven L. Karan Revocable Trust dated the 29th day of October, 2014 and the Hughes Family Trust dated 8/7/03, as described in a Schedule 13G and a Form 3 filed with the Securities and Exchange Commission on December 30, 2015.

Exhibit List
Exhibit 24 ? Confirming Statement (incorporated by reference to Exhibit 24 to the Form 3 filed by the reporting persons with the Securities and Exchange Commission on December 30, 2015).</remarks>

    <ownerSignature>
        <signatureName>/s/ Jason F. Hughes, attorney-in-fact</signatureName>
        <signatureDate>2016-01-06</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</SEC-DOCUMENT>
