SEC Form 4 · accession 0001370637-18-000149

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

Nov 8, 2018

Accepted (ET)

Nov 13, 2018 · 4:33 pm EST

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
Common Stock	Nov 8, 2018	M	8,597	$28.38	A	41,294	D
Common Stock	Nov 8, 2018	M	32,793	$10.23	A	74,087	D
Common Stock	Nov 8, 2018	M	18,610	$9.40	A	92,697	D
Common Stock^F1	Nov 8, 2018	S	10,700	$51.28	D	81,997	D
Common Stock^F2	Nov 8, 2018	S	9,300	$52.00	D	72,697	D
Common Stock^F3	Nov 8, 2018	S	15,000	$53.29	D	57,697	D
Common Stock^F4	Nov 8, 2018	S	25,000	$54.12	D	32,697	D

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)^F5	$28.38	Nov 8, 2018	M	8,597	D	—	Mar 14, 2028	Common Stock	8,597	60,184	D
Employee stock option (right to buy)^F6	$10.23	Nov 8, 2018	M	32,793	D	—	Mar 14, 2027	Common Stock	32,793	50,054	D
Employee stock option (right to buy)^F7	$9.40	Nov 8, 2018	M	18,610	D	—	May 31, 2026	Common Stock	18,610	129,599	D

Explanation of responses

F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.73 to $51.65, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges setforth in this footnote.
F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $51.78 to $52.22, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges setforth in this footnote.
F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $53.00 to $53.78, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges setforth in this footnote.
F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $54.00 to $54.52, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges setforth in this footnote.
F5The stock options are exercisable in 8 equal semi-annual installments, beginning on October 1, 2018, until the Reporting Person's anticipated departure date of January 2, 2019, at which time the remaining stock options will be forfeited.
F61/16 of the stock options became exercisable on June 15, 2017, and the remainder will become exercisable in 45 equal monthly installments thereafter, until the Reporting Person's anticipated departure date of January 2, 2019, at which time the remaining stock options will accelerate and vest in full.
F725% of the stock option became exercisable on June 1, 2017, with the remainder exercisable in 36 equal monthly installments thereafter, until the Reporting Person's anticipated departure date of January 2, 2019, at which time the remaining stock options will accelerate and vest in full.