4//SEC Filing
Spruce House Partnership LLC 4
Accession 0001209191-20-026199
CIK 0001616707other
Filed
Apr 28, 8:00 PM ET
Accepted
Apr 29, 5:03 PM ET
Size
17.6 KB
Accession
0001209191-20-026199
Insider Transaction Report
Form 4
Spruce House Capital LLC
10% Owner
Transactions
- Purchase
2.50% Accreting Convertible Senior Notes due 2025
2020-04-08$35000000.00/shExercise: $72.50From: 2020-04-08Exp: 2025-04-01→ Class A Common Stock (482,758 underlying)
Sternberg Zach
10% Owner
Transactions
- Purchase
2.50% Accreting Convertible Senior Notes due 2025
2020-04-08$35000000.00/shExercise: $72.50From: 2020-04-08Exp: 2025-04-01→ Class A Common Stock (482,758 underlying)
Spruce House Partnership LLC
10% Owner
Transactions
- Purchase
2.50% Accreting Convertible Senior Notes due 2025
2020-04-08$35000000.00/shExercise: $72.50From: 2020-04-08Exp: 2025-04-01→ Class A Common Stock (482,758 underlying)
SPRUCE HOUSE PARTNERS LP
10% Owner
Transactions
- Purchase
2.50% Accreting Convertible Senior Notes due 2025
2020-04-08$35000000.00/shExercise: $72.50From: 2020-04-08Exp: 2025-04-01→ Class A Common Stock (482,758 underlying)
Spruce House Partnership (QP) LP
10% Owner
Transactions
- Purchase
2.50% Accreting Convertible Senior Notes due 2025
2020-04-08$35000000.00/shExercise: $72.50From: 2020-04-08Exp: 2025-04-01→ Class A Common Stock (482,758 underlying)
Transactions
- Purchase
2.50% Accreting Convertible Senior Notes due 2025
2020-04-08$35000000.00/shExercise: $72.50From: 2020-04-08Exp: 2025-04-01→ Class A Common Stock (482,758 underlying)
Stein Ben Forester
10% Owner
Transactions
- Purchase
2.50% Accreting Convertible Senior Notes due 2025
2020-04-08$35000000.00/shExercise: $72.50From: 2020-04-08Exp: 2025-04-01→ Class A Common Stock (482,758 underlying)
Footnotes (3)
- [F1]On April 8, 2020 (the "Closing Date"), in connection with the closing of the transactions contemplated by the purchase agreement dated as of April 6, 2020 (which was subsequently amended and restated on April 7, 2020, such amended and restated version, the "Purchase Agreement"), by and among Issuer, Wayfair LLC, GHEP VII Aggregator, CBEP Investments, LLC ("Charlesbank") and The Spruce House Partnership LLC ("Aggregator"), the Aggregator purchased $35,000,000 in aggregate principal amount of 2.50% Accreting Convertible Senior Notes due 2025 (the "Notes"). The Notes are currently convertible, at the Aggregator's election, into 482,758 shares of Common Stock, based upon an initial conversion rate of 13.7931 shares of Common Stock per $1,000 principal amount of Notes (equivalent to a conversion price of approximately $72.50 per share).
- [F2]The reported securities are held in the account of the Aggregator, its sole members being The Spruce House Partnership (AI) LP (f/k/a The Spruce House Partnership LP) and The Spruce House Partnership (QP) LP (collectively, the "Funds)", each a private investment fund managed by Spruce House Investment Management LLC (the "Investment Manager").
- [F3]The reported securities may be deemed to be beneficially owned by the Investment Manager, the general partner of the Funds, Spruce House Capital LLC (the "General Partner"), and by Zachary Sternberg and Benjamin Stein, managing members of the Investment Manager and the General Partner (the "Managing Members"). Each of the Funds, the Investment Manager, the General Partner and the Managing Members disclaim beneficial ownership of the reported securities held by the Aggregator, except to the extent of his or its pecuniary interest therein. The Aggregator, the Funds, the Investment Manager, the General Partner and the Managing Members (collectively, the "Reporting Persons") affirmatively disclaim being a "group" for purposes of Section 16 of the Securities Exchange Act of 1934, as amended.
Documents
Issuer
Wayfair Inc.
CIK 0001616707
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001797827
Filing Metadata
- Form type
- 4
- Filed
- Apr 28, 8:00 PM ET
- Accepted
- Apr 29, 5:03 PM ET
- Size
- 17.6 KB