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SCHEDULE 13G
Amendment No. 1
DROPBOX INC
CLASS A COMMON STOCK
Cusip #26210C104
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[x] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
Cusip #26210C104
Item 1: Reporting Person - FMR LLC
Item 2: (a) [ ]
(b) [ ]
Item 4: Delaware
Item 5: 333,837
Item 6: 0
Item 7: 10,292,493
Item 8: 0
Item 9: 10,292,493
Item 11: 8.555%
Item 12: HC
Cusip #26210C104
Item 1: Reporting Person - Abigail P. Johnson
Item 2: (a) [ ]
(b) [ ]
Item 4: United States of America
Item 5: 0
Item 6: 0
Item 7: 10,292,493
Item 8: 0
Item 9: 10,292,493
Item 11: 8.555%
Item 12: IN
8,253,238 of the shares of Class A Common Stock of DROPBOX INC.
reported as being beneficially owned by the reporting persons at
August 31, 2018, are included in this Schedule 13G because the reporting
persons are deemed to beneficially own such shares as a result of the direct
ownership of 8,253,238 shares of Class B Common Stock of DROPBOX INC.
by investment companies and/or other accounts advised by FMR CO., INC.
and FIAM LLC, both of which are indirect wholly-owned subsidiaries of
FMR LLC, which shares of Class B Common Stock are convertible into shares
of Class A Common Stock at the election of the holder at an exchange rate
of 1:1. Such shares of Class B Common Stock represent 2.84% of the
outstanding Class B Common Stock. Assuming the conversion of all outstanding
shares of Class B Common Stock into Class A Common Stock, the 10,292,493
shares of Class A Common Stock reported as being beneficially owned by the
reporting persons in this Schedule 13G would represent 2.56% of the
outstanding Class A Common Stock.
Item 1(a). Name of Issuer:
DROPBOX INC
Item 1(b). Address of Issuer's Principal Executive Offices:
333 BRANNAN STREET
SAN FRANCISCO, CA 94107
US
Item 2(a). Name of Person Filing:
FMR LLC
Item 2(b). Address or Principal Business Office or, if None,
Residence:
245 Summer Street, Boston, Massachusetts 02210
Item 2(c). Citizenship:
Not applicable
Item 2(d). Title of Class of Securities:
CLASS A COMMON STOCK
Item 2(e). CUSIP Number:
26210C104
Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b)
or (c) and the
person filing, FMR LLC, is a parent holding company in accordance with
Section 240.13d-1(b)(1)(ii)(G). (Note: See Exhibit A).
Item 4. Ownership
(a) Amount Beneficially Owned: 10,292,493
(b) Percent of Class: 8.555%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
333,837
(ii) shared power to vote or to direct the vote: 0
(iii) sole power to dispose or to direct the
disposition of: 10,292,493
(iv) shared power to dispose or to direct the
disposition of: 0
8,253,238 of the shares of Class A Common Stock of DROPBOX INC.
reported as being beneficially owned by the reporting persons at
August 31, 2018, are included in this Schedule 13G because the reporting
persons are deemed to beneficially own such shares as a result of the direct
ownership of 8,253,238 shares of Class B Common Stock of DROPBOX INC.
by investment companies and/or other accounts advised by FMR CO., INC.
and FIAM LLC, both of which are indirect wholly-owned subsidiaries of
FMR LLC, which shares of Class B Common Stock are convertible into shares
of Class A Common Stock at the election of the holder at an exchange rate
of 1:1. Such shares of Class B Common Stock represent 2.84% of the
outstanding Class B Common Stock. Assuming the conversion of all outstanding
shares of Class B Common Stock into Class A Common Stock, the 10,292,493
shares of Class A Common Stock reported as being beneficially owned by the
reporting persons in this Schedule 13G would represent 2.56% of the
outstanding Class A Common Stock.
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another
Person.
One or more other persons are known to have the right to receive or the
power to direct the receipt of dividends from, or the proceeds from the
sale of, the CLASS A COMMON STOCK of DROPBOX INC. No one other person's
interest in the CLASS A COMMON STOCK of DROPBOX INC is more than five
percent of the total outstanding CLASS A COMMON STOCK.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding Company.
See attached Exhibit A.
Item 8. Identification and Classification of Members of the Group.
Not applicable.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certifications.
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired and are held in the ordinary
course of business and were not acquired and are not held for the purpose
of or with the effect of changing or influencing the control of the issuer
of the securities and were not acquired and are not held in connection with
or as a participant in any transaction having that purpose or effect.
Signature
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete
and correct.
September 7, 2018
Date
/s/ Marc R. Bryant
Signature
Marc R. Bryant
Duly authorized under Power of Attorney effective as of September 23,
2015, by and on behalf of FMR LLC and its direct and indirect subsidiaries*
* This power of attorney is incorporated herein by reference to Exhibit 24
to the Schedule 13G filed by FMR LLC on June 10, 2016, accession number:
0000315066-16-005935
Exhibit A
Pursuant to the instructions in Item 7 of Schedule 13G,
the following table lists the identity and Item 3 classification, if
applicable, of each relevant entity that beneficially owns shares of the
security class being reported on this Schedule 13G.
Entity ITEM 3 Classification
FIAM LLC IA
Fidelity Institutional Asset Management Trust Company BK
FIDELITY MANAGEMENT & RESEARCH COMPANY IA
FMR CO., INC * IA
STRATEGIC ADVISERS LLC IA
* Entity beneficially owns 5% or greater of the outstanding shares of the
security class being reported on this Schedule 13G.
Abigail P. Johnson is a Director, the Chairman and the
Chief Executive Officer of FMR LLC.
Members of the Johnson family, including Abigail P.
Johnson, are the predominant owners, directly or through trusts, of Series
B voting common shares of FMR LLC, representing 49% of the voting power of
FMR LLC. The Johnson family group and all other Series B shareholders have
entered into a shareholders' voting agreement under which all Series B
voting common shares will be voted in accordance with the majority vote of
Series B voting common shares. Accordingly, through their ownership of
voting common shares and the execution of the shareholders' voting
agreement, members of the Johnson family may be deemed, under the
Investment Company Act of 1940, to form a controlling group with respect to
FMR LLC.
Neither FMR LLC nor Abigail P. Johnson has the sole power
to vote or direct the voting of the shares owned directly by the various
investment companies registered under the Investment Company Act ("Fidelity
Funds") advised by Fidelity Management & Research Company ("FMR Co"), a
wholly owned subsidiary of FMR LLC, which power resides with the Fidelity
Funds' Boards of Trustees. Fidelity Management & Research Company carries
out the voting of the shares under written guidelines established by the
Fidelity Funds' Boards of Trustees.
This filing reflects the securities beneficially owned, or
that may be deemed to be beneficially owned, by FMR LLC, certain of its
subsidiaries and affiliates, and other companies (collectively, the "FMR
Reporters"). This filing does not reflect securities, if any, beneficially
owned by certain other companies whose beneficial ownership of securities
is disaggregated from that of the FMR Reporters in accordance with
Securities and Exchange Commission Release No. 34-39538 (January 12, 1998).
RULE 13d-1(k)(1) AGREEMENT
The undersigned persons, on September 7, 2018, agree and
consent to the joint filing on their behalf of this Schedule 13G in
connection with their beneficial ownership of the CLASS A COMMON STOCK of
DROPBOX INC at August 31, 2018.
FMR LLC
By /s/ Marc R. Bryant
Marc R. Bryant
Duly authorized under Power of Attorney effective as of September 23,
2015, by and on behalf of FMR LLC and its direct and indirect subsidiaries*
Abigail P. Johnson
By /s/ Marc R. Bryant
Marc R. Bryant
Duly authorized under Power of Attorney effective as of December 16,
2015, by and on behalf of Abigail P. Johnson*
* This power of attorney is incorporated herein by reference to Exhibit 24
to the Schedule 13G filed by FMR LLC on June 10, 2016, accession number:
0000315066-16-005935