SEC Form 4 · accession 0001370637-17-000064
ETSY INC · ETSY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rachel C Glaser
Officer — CHIEF FINANCIAL OFFICER
Period of report
Jun 1, 2017
Accepted (ET)
Jun 5, 2017 · 4:26 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 | $13.55 | Jun 1, 2017 | A | 171,124 | A | — | May 31, 2027 | Common Stock | 171,124 | 171,124 | D |
| Restricted Stock UnitsF2,F3,F4 | — | Jun 1, 2017 | A | 88,013 | A | — | — | Common Stock | 88,013 | 88,013 | D |
Explanation of responses
- F125% of the stock option will become exercisable on June 1, 2018, with the remainder exercisable in 36 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.
- F425% of the restricted stock units will vest on July 1, 2018, with the remainder vesting in 12 equal quarterly installments thereafter, provided the reporting person remains continuously employed on each vesting date.