SEC Form 4 · accession 0001209191-15-011649
zulily, inc. · ZU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert Spieth
Officer — Chief Operating Officer
Period of report
Feb 6, 2015
Accepted (ET)
Feb 10, 2015 · 7:39 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001478484
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F1 | $18.615 | Feb 6, 2015 | A | 54,000 | A | — | Feb 5, 2025 | Class A Common Stock | 54,000 | 54,000 | D |
| Restricted Stock UnitsF2,F3 | $0.00 | Feb 6, 2015 | A | 27,000 | A | — | — | Class A Common Stock | 27,000 | 27,000 | D |
Explanation of responses
- F1Subject to the Reporting Person providing continuous service to the Issuer, the shares subject to this option shall vest as follows: 10% of the shares will vest on the 12 month anniversary of the vesting commencement date; 7.5% of the shares will vest on the 18 month anniversary of the vesting commencement date; 7.5% of the shares will vest on the 24 month anniversary of the vesting commencement date; 10% of the shares will vest on the 30 month anniversary of the vesting commencement date; 10% of the shares will vest on the 36 month anniversary of the vesting commencement date; 12.5% of the shares will vest on the 42 month anniversary of the vesting commencement date; 12.5% of the shares will vest on the 48 month anniversary of the vesting commencement date; 15% of the shares will vest on the 54 month anniversary of the vesting commencement date; and 15% of the shares will vest on the 60 month anniversary of the vesting commencement date.
- F2Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- F3Subject to the Reporting Person providing continuous service to the Issuer, the restricted stock units (the "RSU") shall vest as follows: 10% of the RSU will vest on the 12 month anniversary of the vesting commencement date; 7.5% of the RSU will vest on the 18 month anniversary of the vesting commencement date; 7.5% of the RSU will vest on the 24 month anniversary of the vesting commencement date; 10% of the RSU will vest on the 30 month anniversary of the vesting commencement date; 10% of the RSU will vest on the 36 month anniversary of the vesting commencement date; 12.5% of the RSU will vest on the 42 month anniversary of the vesting commencement date; 12.5% of the RSU will vest on the 48 month anniversary of the vesting commencement date; 15% of the RSU will vest on the 54 month anniversary of the vesting commencement date; and 15% of the RSU will vest on the 60 month anniversary of the vesting commencement date.