SEC Form 4 · accession 0001616707-18-000331
Wayfair Inc. · W
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven Conine
Officer — Co-Founder · Director · 10% Owner
Period of report
Aug 13, 2018
Accepted (ET)
Aug 14, 2018 · 8:40 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 StockF2 | Aug 13, 2018 | S | 5,781 | $122.20 | D | 69,372 | D | |
| Class A Common StockF3 | Aug 13, 2018 | S | 6,619 | $122.96 | D | 62,753 | D | |
| Class A Common StockF4 | Aug 13, 2018 | S | 4,100 | $123.98 | D | 58,653 | D | |
| Class A Common StockF5 | Aug 13, 2018 | S | 500 | $124.85 | D | 58,153 | D | |
| Class A Common StockF6 | Aug 14, 2018 | C | 127,500 | $0.00 | A | 185,653 | D | |
| Class A Common Stock | Aug 14, 2018 | G | 42,500 | $0.00 | D | 143,153 | D | |
| Class A Common Stock | Aug 14, 2018 | G | 85,000 | $0.00 | D | 58,153 | D |
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 StockF6 | — | Aug 14, 2018 | C | 127,500 | D | — | — | Class A Common Stock | 127,500 | 12,589,846 | D |
Explanation of responses
- F1Represents sales effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $121.55 to $122.55, 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.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $122.56 to $123.55, 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.
- F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $123.60 to $124.53, 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.
- F5The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $124.66 to $125.09, 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.
- F6Each 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.
- F7These shares were transferred to a donor advised charitable trust.
- F8These shares were transferred to the Conine Family Foundation.