John Champlin Mulliken, SVP of Wayfair Inc., recently acquired 368 shares of the company. The buys took place at $0.00 per share (and therefore, likely the result of option or restricted share grants), on October 21, 2015. Mulliken now owns 204,602 shares of the company. Mulliken operates out of Boston, MA. Some additional info was provided as follows:
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.
Each RSU represents a contingent right to receive one share of Class B Common Stock when vested.
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 June 21, 2012 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.
The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.
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Other recent filings from the company include the following:
Wayfair Inc.'s Chief Product/Marketing just disposed of 500 shares - May 23, 2019
Submission of Matters to a Vote of Security - May 16, 2019
Wayfair Inc.'s Chief Product/Marketing just disposed of 500 shares - May 16, 2019
Wayfair Inc. director just cashed-in 3,000 options - May 15, 2019
Wellington Investment Advisors Holdings LLP just provided an update on share ownership of Wayfair Inc. - May 10, 2019