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Wayfair Inc. — Director's Dealing 2015
Nov 18, 2015
30599_dirs_2015-11-17_217ee70d-ba4a-4e8f-bf30-90b7dfd431dc.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: 2015-11-15
Reporting Person: Shah Niraj (Director, Chief Executive Officer, 10% Owner)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-11-15 | Restricted Stock Units ("RSUs") | $ | M | 2500 | Disposed | Class B Common Stock (2500) | Direct | |
| 2015-11-15 | Class B Common Stock | $ | M | 2500 | Acquired | Class A Common Stock (2500) | Direct | |
| 2015-11-15 | Class B Common Stock | $ | F | 813 | Disposed | Class A Common Stock (813) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Common Stock | 250000 | Direct |
Footnotes
F1: Each RSU represents a contingent right to receive one share of Class B Common Stock when vested.
F2: These 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 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.
F3: 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 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.