SEC Form 4 · accession 0001209191-16-104180

ETSY INC · ETSY

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Table I — non-derivative securities

Table II — derivative securities

Explanation of responses

• F1Reflects the distribution of 3,979,474 shares by Union Square Ventures 2004, L.P. ("USV 2004") and 87,952 shares by Union Square Principals 2004, a Delaware Multiple Series LLC ("Principals") to their respective general and limited partners or members without consideration. As a result of the distribution by USV 2004, Union Square GP 2004, L.L.C. ("USGP"), the general partner of USV 2004, received 808,579 shares, which it subsequently distributed to its members including the Reporting Person.
• F10The trust received these shares pursuant to the pro rata distributions described in footnote (8) of this Form 4. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
• F2USGP 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. Each of the Reporting Person and Brad Burnham 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.
• F3FJW Partners, LLC ("FJW Partners") received these shares pursuant to the pro rata distributions described in footnote (1) of this Form 4.
• F4Each of the Reporting Person and Joanne Wilson is a managing member of FJW Partners and, as such, may be deemed to share voting and dispositive power over the shares owned by FJW Partners. The Reporting Person disclaims beneficial ownership of the shares owned by FJW Partners, except to the extent of his pecuniary interest therein.
• F5The Reporting Person received these shares pursuant to the pro rata distributions described in footnote (1) of this Form 4.
• F6The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.53 to $7.98, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
• F7Union Square Opportunity GP, L.L.C. ("Opportunity GP") is the general partner of Union Square Ventures Opportunity Fund, L.P. ("Opportunity") and, as such, has the sole power to vote and dispose of the shares owned by Opportunity. Each of the Reporting Person, Brad Burnham, John Buttrick, Andy Weissman and Albert Wenger 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.
• F8Reflects the distribution of 363,732 shares by FJW Partners to its members without consideration.
• F9The Reporting Person received these shares pursuant to the pro rata distributions described in footnote (8) of this Form 4.