SEC Form 4 · accession 0001140361-16-046782

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

Jan 1, 2016

Accepted (ET)

Jan 5, 2016 · 8:48 pm EST

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^F1	Jan 1, 2016	C	983	—	A	83,709	D
Class A Common Stock	Jan 4, 2016	S	600	$45.50	D	83,109	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")^F3,F4	—	Jan 1, 2016	M	250	D	—	—	Class B Common Stock	250	1,751	D
Restricted Stock Units ("RSUs")^F3,F5	—	Jan 1, 2016	M	833	D	—	—	Class B Common Stock	833	15,834	D
Restricted Stock Units ("RSUs")^F3,F6	—	Jan 1, 2016	M	500	D	—	—	Class B Common Stock	500	19,001	D
Class B Common Stock^F1	—	Jan 1, 2016	M	1,583	A	—	—	Class A Common Stock	1,583	1,583	D
Class B Common Stock^F1	—	Jan 1, 2016	F	600	D	—	—	Class A Common Stock	600	983	D
Class B Common Stock^F1	—	Jan 1, 2016	C	983	D	—	—	Class A Common Stock	983	0	D

Explanation of responses

F1Each 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.
F2The 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.
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 August 1, 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.
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 August 1, 2013 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.
F6These 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, 2015 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.