SEC Form 4 · accession 0001140361-15-028325

Wayfair Inc. · W

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Steve Oblak

Officer — SVP and GM, Wayfair.com

Period of report

Jul 20, 2015

Accepted (ET)

Jul 22, 2015 · 8:08 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001616707

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Class A Common Stock^F2	Jul 20, 2015	S	600	$39.267	D	80,725	D
Class A Common Stock^F3	Jul 21, 2015	C	93	—	A	80,818	D

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units ("RSUs")^F4,F5	—	Jul 21, 2015	M	139	D	—	—	Class B Common Stock	139	1,534	D
Class B Common Stock^F3	—	Jul 21, 2015	M	139	A	—	—	Class A Common Stock	139	139	D
Class B Common Stock^F3	—	Jul 21, 2015	F	46	D	—	—	Class A Common Stock	46	93	D
Class B Common Stock^F3	—	Jul 21, 2015	C	93	D	—	—	Class A Common Stock	93	0	D

Explanation of responses

F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 26, 2014.
F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $39.12 to $40.00, inclusive. The reporting person undertakes to provide to Wayfair Inc., any security holder of Wayfair Inc., 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 set forth in this footnote.
F3Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of Class A Common Stock and has no expiration date. In addition, each share of Class B Common Stock will automatically convert into one share of Class A Common Stock (a) upon transfer thereof, subject to certain exceptions, (b) upon the date on which the outstanding shares of Class B Common Stock represent less than 10% of the aggregate number of shares of the then outstanding Class A Common Stock and Class B Common Stock, or (c) in the event that holders of at least 66 2/3% of the then outstanding shares of Class B Common Stock elect to convert all shares of Class B Common Stock into shares of Class A Common Stock.
F4Each RSU represents a contingent right to receive one share of Class B Common Stock when vested.
F5These RSUs vest upon the satisfaction of a service condition and an event condition and have no expiration date. The service condition is satisfied as to 1/5th of the shares on June 21, 2012 and as to an additional 1/60th of the shares for each month of continuous service thereafter. The event condition was satisfied on the closing of the issuer's initial public offering of Class A Common Stock.