SEC Form 3 · accession 0001370637-17-000038
ETSY INC · ETSY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Karen M Mullane
Officer — Interim CFO
Period of report
Apr 3, 2017
Accepted (ET)
Apr 11, 2017 · 4:41 pm EDT
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 Stock | holding | — | — | — | 3,088 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2,F3 | $0.00 | holding | — | — | — | — | — | Common Stock | 16,006 | — | D |
| Restricted Stock UnitsF1,F2,F4 | $0.00 | holding | — | — | — | — | — | Common Stock | 8,525 | — | D |
| Employee stock option (right to buy)F5 | $8.26 | holding | — | — | — | — | Feb 18, 2024 | Common Stock | 100,000 | — | D |
| Employee stock option (right to buy)F6 | $17.00 | holding | — | — | — | — | Jan 29, 2025 | Common Stock | 40,000 | — | D |
| Employee stock option (right to buy)F7 | $8.36 | holding | — | — | — | — | Feb 28, 2026 | Common Stock | 41,961 | — | D |
| Employee stock option (right to buy)F8 | $10.23 | holding | — | — | — | — | Mar 14, 2027 | Common Stock | 22,092 | — | D |
Explanation of responses
- F1The 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.
- F2Units correspond 1-for-1 with common stock.
- F3The restricted stock units vest in 16 equal quarterly installments, beginning on July 1, 2016, provided the reporting person remains continuously employed on each vesting date.
- 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.
- F525% of the stock option became exercisable on February 19, 2015, with the remainder exercisable in 36 equal monthly installments thereafter, provided the reporting person remains continuously employed on each vesting date.
- F625% of the stock option became exercisable on January 30, 2016, with the remainder exercisable in 36 equal monthly installments thereafter.
- F7The stock options will become exercisable in 48 equal monthly installments beginning on April 1, 2016, provided the reporting person remains continuously employed on each vesting date.
- F8The 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.