SEC Form 4 · accession 0001209191-15-079457
ETSY INC · ETSY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Frederick R Wilson
Director · 10% Owner
Period of report
Nov 6, 2015
Accepted (ET)
Nov 10, 2015 · 8:58 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001370637
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3,F4 | Nov 6, 2015 | J | 4,483,817 | $0.00 | D | 8,967,651 | I | See Footnote |
| Common StockF5 | Nov 6, 2015 | J | 283,821 | $0.00 | A | 9,251,472 | D | |
| Common StockF6,F7 | Nov 6, 2015 | J | 120,473 | $0.00 | A | 9,371,945 | I | See Footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Reflects the distribution of Common Stock consisting of (i) 3,979,474 shares by Union Square Ventures 2004, L.P. ("USV 2004"); (ii) 87,950 shares by Union Square Principals 2004, L.L.C. ("Principals"); and (iii) 416,393 shares by Union Square Ventures Opportunity Fund, L.P. ("Opportunity"), to their respective general and limited partners or members without consideration. As a result of such distributions, Union Square GP 2004, L.L.C. ("USGP"), the general partner of USV 2004 and the managing member of Principals, received 808,579 shares, which it subsequently distributed to its members, and Union Square Opportunity GP L.L.C. ("Opportunity GP"), the general partner of Opportunity, received 84,283 shares, which it subsequently distributed to its members.
- F2Consists of (i) 7,958,952 shares owned by USV 2004; (ii) 175,905 shares owned by Principals; and (iii) 832,794 shares owned by Opportunity.
- F3USGP is the general partner of USV 2004 and the managing member of Principals and, as such, has the sole power to vote and dispose of the shares owned by each of them. The Reporting Person is a managing member of USGP and, as such, may be deemed to share voting and dispositive power over the shares owned by USV 2004 and Principals. The Reporting Person disclaims beneficial ownership of the shares owned by USV 2004 and Principals, except to the extent of his pecuniary interest therein.
- F4Opportunity GP is the general partner of Opportunity and, as such, has the sole power to vote and dispose of the shares owned by Opportunity. The Reporting Person is a managing member of Opportunity GP and, as such, may be deemed to share voting and dispositive power over the shares owned by Opportunity. The Reporting Person disclaims beneficial ownership of the shares owned by Opportunity, except to the extent of his pecuniary interest therein.
- F5The Reporting Person received these shares as a member of USGP, Opportunity GP and Principals pursuant to the pro rata distributions described in footnote (1) of this Form 4.
- F6The Frederick R Wilson 1999 Irrevocable Trust ("Wilson Trust") received 110,464 shares as a partner or member, as applicable, of USGP and Opportunity pursuant to the pro rata distributions described in footnote (1) of this Form 4. The Frederick and Joanne Wilson 2012 Delaware Trust ("Wilson Delaware Trust") received 10,009 shares as a member of Opportunity GP pursuant to the pro rata distributions described in footnote (1) of this Form 4. The Reporting Person may be deemed to beneficially own the shares owned by the Wilson Trust. The Reporting Person disclaims beneficial ownership of shares owned by the Wilson Trust and the Wilson Delaware Trust, except to the extent of his pecuniary interest therein.
- F7Consists of (i) 7,958,952 shares owned by USV 2004; (ii) 175,905 shares owned by Principals; (iii) 832,794 shares owned by Opportunity; (iv) 283,821 shares owned by the Reporting Person; (v) 110,464 shares owned by Wilson Trust; and (v) 10,009 shares owned by Wilson Delaware Trust.