SEC Form 4 · accession 0001140361-15-029810

Wayfair Inc. · W

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

Reporting owner

Officer — SVP, Strategic Initiatives

Period of report

Jul 31, 2015

Accepted (ET)

Aug 4, 2015 · 8:48 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	Jul 31, 2015	S	209	$40.00	D	225,212	D
Class A Common Stock^F2	Aug 1, 2015	C	337	—	A	225,549	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units ("RSUs")^F3,F4	—	Aug 1, 2015	M	500	D	—	—	Class B Common Stock	500	15,501	D
Class B Common Stock^F2	—	Aug 1, 2015	M	500	A	—	—	Class A Common Stock	500	500	D
Class B Common Stock^F2	—	Aug 1, 2015	F	163	D	—	—	Class A Common Stock	163	337	D
Class B Common Stock^F2	—	Aug 1, 2015	C	337	D	—	—	Class A Common Stock	337	0	D

F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 24, 2014.
F2Each 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.
F3Each RSU represents a contingent right to receive one share of Class B Common Stock when vested.
F4These 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 March 1, 2014 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.