SEC Form 4 · accession 0001209191-16-104880
ETSY INC · ETSY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Frederick R Wilson
Director
Period of report
Feb 29, 2016
Accepted (ET)
Mar 2, 2016 · 6:24 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 | Feb 29, 2016 | S | 85,000 | $7.7218 | D | 539,597 | I | By Union Square Ventures Opportunity Fund, L.P. |
| Common StockF3,F2 | Mar 1, 2016 | S | 85,000 | $8.2835 | D | 454,597 | I | By Union Square Ventures Opportunity Fund, L.P. |
| Common StockF4,F2 | Mar 2, 2016 | S | 38,198 | $8.7842 | D | 416,399 | I | By Union Square Ventures Opportunity Fund, L.P. |
| Common StockF5 | holding | — | — | — | 3,979,478 | I | By Union Square Ventures 2004, L.P. | |
| Common StockF5 | holding | — | — | — | 87,953 | I | By Union Square Principals 2004, a Delaware Multiple Series LLC | |
| Common Stock | holding | — | — | — | 557,635 | D | ||
| Common StockF6 | holding | — | — | — | 219,583 | I | By Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.32 to $7.95, 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.
- F2Union 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.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.94 to $8.52, 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.
- F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.32 to $9.09, 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.
- F5Union Square GP 2004, L.L.C. ("USGP") is the general partner of Union Square Ventures 2004, L.P. ("USV 2004") and the managing member of Union Square Principals 2004, a Delaware Multiple Series LLC ("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.
- F6The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.