SEC Form 4 · accession 0001370637-17-000029
ETSY INC · ETSY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Chad Dickerson
Officer — President, CEO and Chair · Director
Period of report
Mar 15, 2017
Accepted (ET)
Mar 17, 2017 · 5:02 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 | 414,236 | A | — | Mar 14, 2027 | Common Stock | 414,236 | 414,236 | D |
| Restricted Stock UnitsF2,F3,F4 | — | Mar 15, 2017 | A | 53,282 | A | — | — | Common Stock | 53,282 | 53,282 | D |
Explanation of responses
- F1The stock options will become exercisable in 48 equal monthly installments beginning on April 15, 2017, 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.