SEC Form 4 · accession 0001209191-15-050822
zulily, inc. · ZU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian L Swartz
Officer — Senior Vice President and CFO
Period of report
Jun 3, 2015
Accepted (ET)
Jun 5, 2015 · 8:03 pm EDT
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | $0.00 | Jun 3, 2015 | A | 100,000 | A | — | — | Class A Common Stock | 100,000 | 100,000 | D |
| Stock Option (Right to Buy)F3 | $13.715 | Jun 3, 2015 | A | 350,000 | A | — | Jun 2, 2025 | Class A Common Stock | 350,000 | 350,000 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- F2Subject to the Reporting Person providing continuous service to the Issuer, the restricted stock units (the "RSU") shall vest as follows: 1/3rd of the RSU will vest on each anniversary of June 3, 2015 (the "Vesting Commencement Date"), such that the RSU shall be fully vested on the three-year anniversary of the Vesting Commencement Date.
- F3The shares subject to this option shall vest and become exercisable at a rate of twenty-five percent of the total number of shares on the one-year anniversary of June 3, 2015 (the "Vesting Commencement Date") and 1/48th of the total number of shares each monthly anniversary of the Vesting Commencement Date thereafter for so long as the Reporting Person provides continuous service to the Issuer, such that the total number of shares shall be fully vested on the four-year anniversary of the Vesting Commencement Date.