SEC Form 4 · accession 0001370637-17-000054
ETSY INC · ETSY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Josh Silverman
Officer — President & CEO · Director
Period of report
May 3, 2017
Accepted (ET)
May 5, 2017 · 4:55 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | May 3, 2017 | D | 13,108 | D | — | — | Common Stock | 13,108 | 0 | D |
| Director stock option (right to buy)F2 | $12.05 | May 3, 2017 | D | 36,186 | D | — | — | Common Stock | 36,186 | 0 | D |
| Restricted Stock UnitsF1,F3 | — | May 4, 2017 | A | 250,000 | A | — | — | Common Stock | 250,000 | 250,000 | D |
| Employee stock option (right to buy)F4 | $10.62 | May 4, 2017 | A | 3,869,969 | A | — | May 3, 2027 | Common Stock | 3,869,969 | 3,869,969 | D |
Explanation of responses
- F1Units correspond 1-for-1 with common stock.
- F2The award was forfeited as a result of the reporting person's status change from independent director to an employee director on May 3, 2017.
- F3The restricted stock units vest on the earlier of: (i) May 3, 2018; or (ii) a "Change in Control" (as defined in the Etsy, Inc. Change in Control Severance Plan), provided the reporting person remains continuously employed on the date of event.
- F4(i) 25% of the stock options will become exercisable on May 4, 2018, with the remainder exercisable in 36 equal monthly installments thereafter; or (ii) 25% of the stock options will become exercisable upon a Change in Control; provided the reporting person remains continuously employed on the date of event.