SEC Form 4 · accession 0001179110-15-000243
Wayfair Inc. · W
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1,F2,F3 | Dec 31, 2014 | C | 3,799,673 | — | A | 3,799,673 | I | See footnote |
| Class A Common StockF1,F3,F4 | Dec 31, 2014 | C | 37,992 | — | A | 37,992 | I | See footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Class B Common StockF1,F2,F3 | — | Dec 31, 2014 | C | 3,799,673 | D | — | — | Class A Common Stock | 3,799,673 | 0 | I |
| Class B Common StockF1,F3,F4 | — | Dec 31, 2014 | C | 37,992 | D | — | — | Class A Common Stock | 37,992 | 0 | I |
Explanation of responses
- F1Each share of Class B Common Stock, which has no expiration date, is convertible at any time at the option of the holder into one share of Class A Common Stock. 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.
- F2These shares are held by Battery Ventures IX (AIV I), L.P. ("Battery Ventures IX (AIV) I").
- F3The sole general partner of Battery Ventures IX (AIV I)is Battery Partners IX (AIV I), LLC. The sole managing member of Battery Investment Partners IX, LLC ("BIP IX") is Battery Partners IX, LLC. Battery Partners IX (AIV I), LLC's and Battery Partners IX, LLC's investment advisor is Battery Management Corp. (together with Battery Partners IX (AIV I), LLC and Battery Partners IX, LLC, the "Battery Companies"). Neeraj Agrawal, Michael Brown, Thomas J. Crotty, Jesse Feldman, Richard D. Frisbie, Kenneth P. Lawler, Roger H. Lee, R. David Tabors and Scott R. Tobin are the managing members and officers of the Battery Companies and may be deemed to share voting and dispostive power over the shares held by Battery Ventures IX (AIV I) and BIP IX.
- F4These shares are held by BIP IX.
Remarks
The reporting persons may be deemed to beneficially own more than 10% of the Issuer's Class A Common Stock, which is the class of equity securities registered under Section 12 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), by virtue of the exclusion of Class B Common Stock held by the other stockholders of the Issuer from the determination of the outstanding Class A Common Stock share count for purposes of computing the reporting persons' percentage ownership of Class A Common Stock. The filing of this Form 4 shall not be deemed an admission that the reporting persons are required to file reports pursuant to Section 16 of the Exchange Act. Due to the limited number of joint filers that can be included on one form, Battery Ventures IX (AIV I), L.P., Battery Investment Partners IX, LLC, Battery Partners IX (AIV I), LLC, Battery Partners IX, LLC, Battery Management Corp., Michael Brown, Thomas J. Crotty, Jesse Feldman, Richard D. Frisbie, Kenneth P. Lawler, R. David Tabors, Scott R. Tobin and Roger H. Lee have filed two separate forms simultaneously, both of which relate to the same securities of the Issuer beneficially owned by such reporting persons. Neeraj Agrawal is a director of the issuer and files Section 16 reports separately.