SEC Form 4 · accession 0001370637-17-000028
ETSY INC · ETSY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Linda F Kozlowski
Officer — Chief Operating Officer
Period of report
Mar 15, 2017
Accepted (ET)
Mar 17, 2017 · 5:00 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001370637
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee stock option (right to buy)F1 | $10.23 | Mar 15, 2017 | A | 82,847 | A | — | Mar 14, 2027 | Common Stock | 82,847 | 82,847 | D |
| Restricted Stock UnitsF2,F3,F4 | — | Mar 15, 2017 | A | 31,969 | A | — | — | Common Stock | 31,969 | 103,973 | D |
Explanation of responses
- F11/16 of the stock options will become exercisable on June 15, 2017, and the remainder will become exercisable in 45 equal monthly installments thereafter, provided the reporting person remains continuously employed on each vesting date.
- F2The reporting person has irrevocably elected to satisfy all withholding tax due upon the delivery of shares by authorizing Etsy, Inc. to withhold a sufficient amount of shares to satisfy such tax obligation.
- F3Units correspond 1-for-1 with common stock.
- F4The restricted stock units vest in 16 equal quarterly installments, beginning on July 1, 2017, provided the reporting person remains continuously employed on each vesting date.