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Wayfair Inc. — Director's Dealing 2014
Oct 17, 2014
30599_dirs_2014-10-17_d7e4128b-6131-48b8-aac2-d9171f43ab4a.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Wayfair Inc. (W)
CIK: 0001616707
Period of Report: 2014-10-15
Reporting Person: Malone Nicholas (Chief Administrative Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-10-15 | Class A Common Stock | C | 8587 | — | Acquired | 191637 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-10-15 | Restricted Stock Units ("RSUs") | $ | M | 1250 | Disposed | 2020-05-14 | Class B Common Stock (1250) | Direct |
| 2014-10-15 | Restricted Stock Units ("RSUs") | $ | M | 15000 | Disposed | 2020-11-12 | Class B Common Stock (15000) | Direct |
| 2014-10-15 | Class B Common Stock | $ | M | 16250 | Acquired | Class A Common Stock (16250) | Direct | |
| 2014-10-15 | Class B Common Stock | $ | F | 7663 | Disposed | Class A Common Stock (7663) | Direct | |
| 2014-10-15 | Class B Common Stock | $ | C | 8587 | Disposed | Class A Common Stock (8587) | Direct |
Footnotes
F1: Each 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 662/3% 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.
F2: Each RSU represents a contingent right to receive one share of Class B Common Stock when vested.
F3: These RSUs vest upon the satisfaction of a service condition and an event condition. The service condition is satisfied as to 1/5th of the shares on March 15, 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.
F4: These RSUs vest upon the satisfaction of a service condition and an event condition. The service condition is satisfied as to 1/5th of the shares on October 15, 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.