DROPBOX, INC. — Director's Dealing 2018

Mar 23, 2018

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: DROPBOX, INC. (DBX)
CIK: 0001467623
Period of Report: 2018-03-22

Reporting Person: JACOBS PAUL E (Director)

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	14286	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Class B Common Stock	$		Class A Common Stock (53333)		Direct
Class B Common Stock	$		Class A Common Stock (172711)		Indirect

Footnotes

F1: These securities are restricted stock units. Each restricted stock unit represents the Reporting Person's right to receive one share of Class A Common Stock, subject to the applicable vesting schedule through the earlier of May 15, 2019 or the date of the Issuer's next annual meeting of stockholders. In the event the Reporting Person ceases to be a Service Provider, the unvested restricted stock units will be cancelled by the Issuer.

F2: Certain of these securities are restricted stock units. Each restricted stock unit represents the Reporting Person's right to receive one share of Class B Common Stock, subject to the liquidity event-related performance vesting condition related to the effectiveness of the Issuer's registration statement related to its initial public offering. In the event the Reporting Person ceases to be a Service Provider, the unvested restricted stock units will be cancelled by the Issuer.

F3: The Issuer's Class B Common Stock is convertible into the Issuer's Class A Common Stock on a one-for-one basis at the Reporting Person's election and has no expiration date.

F4: Shares are held by Paul E. Jacobs Trust u/a/d November 7, 2014, for which the Reporting Person serves as trustee.