SEC Form 4 · accession 0001616707-18-000171
Wayfair Inc. · W
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Savarese
Officer — Chief Operating Officer
Period of report
Apr 15, 2018
Accepted (ET)
Apr 17, 2018 · 5:11 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 | Apr 15, 2018 | M | 4,000 | $0.00 | A | 550,676 | D | |
| Class A Common Stock | Apr 16, 2018 | S | 1,836 | $66.78 | D | 548,840 | 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")F2,F3 | — | Apr 15, 2018 | M | 4,000 | D | — | — | Class A Common Stock | 4,000 | 76,000 | D |
Explanation of responses
- F1Represents the number of shares required to be sold by the reporting person to cover tax withholding obligations in connection with the vesting of the RSUs listed in Table II and does not represent a discretionary trade by the reporting person.
- F2Each RSU represents a contingent right to receive one share of Class A Common Stock when vested.
- F3These RSUs vest upon the satisfaction of a service condition and have no expiration date. The service condition is satisfied as to 1/20th of the shares on April 15, 2018 and as to an additional 1/20th of the shares for every three months of continuous service thereafter.