FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Kozlowski Linda F
2. Issuer Name and Ticker or Trading Symbol

ETSY INC [ ETSY ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Chief Operating Officer
(Last)          (First)          (Middle)

C/O ETSY, INC., 117 ADAMS STREET
3. Date of Earliest Transaction (MM/DD/YYYY)

11/8/2018
(Street)

BROOKLYN, NY 11201
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   11/8/2018     M    8597   A $28.38   41294   D    
Common Stock   11/8/2018     M    32793   A $10.23   74087   D    
Common Stock   11/8/2018     M    18610   A $9.40   92697   D    
Common Stock   11/8/2018     S    10700   D $51.28   (1) 81997   D    
Common Stock   11/8/2018     S    9300   D $52   (2) 72697   D    
Common Stock   11/8/2018     S    15000   D $53.29   (3) 57697   D    
Common Stock   11/8/2018     S    25000   D $54.12   (4) 32697   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee stock option (right to buy)   $28.38   11/8/2018     M         8597      (5) 3/14/2028   Common Stock   8597.0   $0   60184   D    
Employee stock option (right to buy)   $10.23   11/8/2018     M         32793      (6) 3/14/2027   Common Stock   32793.0   $0   50054   D    
Employee stock option (right to buy)   $9.4   11/8/2018     M         18610      (7) 5/31/2026   Common Stock   18610.0   $0   129599   D    

Explanation of Responses:
(1)  The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.73 to $51.65, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, 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 setforth in this footnote.
(2)  The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $51.78 to $52.22, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, 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 setforth in this footnote.
(3)  The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $53.00 to $53.78, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, 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 setforth in this footnote.
(4)  The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $54.00 to $54.52, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, 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 setforth in this footnote.
(5)  The stock options are exercisable in 8 equal semi-annual installments, beginning on October 1, 2018, until the Reporting Person's anticipated departure date of January 2, 2019, at which time the remaining stock options will be forfeited.
(6)  1/16 of the stock options became exercisable on June 15, 2017, and the remainder will become exercisable in 45 equal monthly installments thereafter, until the Reporting Person's anticipated departure date of January 2, 2019, at which time the remaining stock options will accelerate and vest in full.
(7)  25% of the stock option became exercisable on June 1, 2017, with the remainder exercisable in 36 equal monthly installments thereafter, until the Reporting Person's anticipated departure date of January 2, 2019, at which time the remaining stock options will accelerate and vest in full.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Kozlowski Linda F
C/O ETSY, INC.
117 ADAMS STREET
BROOKLYN, NY 11201


Chief Operating Officer

Signatures
/s/ Cara Schembri, as Attorney-In-Fact for Linda F. Kozlowski 11/13/2018
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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