SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Paley Eric B

(Last) (First) (Middle)
C/O THE TRADE DESK, INC.

(Street)
VENTURA CA 93001

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Trade Desk, Inc. [ TTD ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
09/26/2016
4. If Amendment, Date of Original Filed (Month/Day/Year)
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. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction 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
Class A Common Stock 09/26/2016 C 232,185 A (1) 232,185 I(3) By Founder Collective, L.P.
Class A Common Stock 09/26/2016 S 232,185 D $18 0 I(3) By Founder Collective, L.P.
Class A Common Stock 09/26/2016 C 67,794 A (1) 67,794 I(3) By Founder Collective Entrepreneurs' Fund, LLC
Class A Common Stock 09/26/2016 S 67,794 D $18 0 I(3) By Founder Collective Entrepreneurs' Fund, LLC
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction 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 (Month/Day/Year) 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: 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
Seed Preferred Stock (4) 09/26/2016 C 5,700,000 (4) (4) Class B Common Stock 1,900,000 $0 0 I(3) By Founder Collective, L.P.
Series A-1 Preferred Stock (4) 09/26/2016 C 4,081,640 (4) (4) Class B Common Stock 1,360,546 $0 0 I(3) By Founder Collective, L.P.
Series A-2 Preferred Stock (4) 09/26/2016 C 1,104,220 (4) (4) Class B Common Stock 368,073 $0 0 I(3) By Founder Collective, L.P.
Class B Common Stock (4) 09/26/2016 C 3,628,619 (1)(2) (1)(2) Class A Common Stock 3,628,619 $0 3,628,619 I(3) By Founder Collective, L.P.
Class B Common Stock (1) 09/26/2016 C 232,185 (1)(2) (1)(2) Class A Common Stock 232,185 $0 3,396,434 I(3) By Founder Collective, L.P.
Seed Preferred Stock (4) 09/26/2016 C 1,800,000 (4) (4) Class B Common Stock 600,000 $0 0 I(3) By Founder Collective Entrepreneurs' Fund, LLC
Series A-1 Preferred Stock (4) 09/26/2016 C 1,084,990 (4) (4) Class B Common Stock 361,663 $0 0 I(3) By Founder Collective Entrepreneurs' Fund, LLC
Series A-2 Preferred Stock (4) 09/26/2016 C 293,520 (4) (4) Class B Common Stock 97,840 $0 0 I(3) By Founder Collective Entrepreneurs' Fund, LLC
Class B Common Stock (4) 09/26/2016 C 1,059,503 (1)(2) (1)(2) Class A Common Stock 1,059,503 $0 1,059,503 I(3) By Founder Collective Entrepreneurs' Fund, LLC
Class B Common Stock (1) 09/26/2016 C 67,794 (1)(2) (1)(2) Class A Common Stock 67,794 $0 991,709 I(3) By Founder Collective Entrepreneurs' Fund, LLC
Explanation of Responses:
1. Each share of Class B Common Stock has no expiration date and is convertible for no additional consideration into one (1) share of Class A Common Stock at the option of the holder thereof at any time. In addition, each share of Class B Common Stock will convert automatically into one (1) share of Class A Common Stock upon any transfer, whether or not for value, except for certain permitted transfers described in, and transfers to any "permitted transferee" as defined in, the Issuer's Amended and Restated Certificate of Incorporation in effect as of the date hereof.
2. All shares of Class B Common Stock will convert automatically into shares of a Class A Common Stock on a one-for-one basis upon the earlier of (i) the date on which the number of outstanding shares of Class B Common Stock represent less than ten percent (10%) of the aggregate number of shares of the then outstanding Class A Common Stock and Class B Common Stock or (ii) a date specified by the holders of at least sixty-six and two-thirds percent (66 2/3%) of the outstanding shares of Class B Common Stock.
3. Founder Collective GP, LLC is the general partner (the "General Partner") of Founder Collective, L.P. ("Founder LP") and the managing member of Founder Collective Entrepreneurs' Fund, LLC ("Founder LLC," and together with the General Partner and Founder LP, the "Collective Entities"). The Reporting Person is a managing member of the General Partner and has shared voting and investment power over the shares held by the Collective Entities. The Reporting Person in his capacity with regard to the General Partner, may be deemed to indirectly beneficially own the securities held by the Collective Entities, but disclaims ownership of these securities and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose, except to the extent of his pecuniary interest therein.
4. Each share of Seed Preferred Stock, Series A-1 Preferred Stock and Series A-2 Preferred Stock (collectively, the "Preferred Stock") had no expiration date and automatically converted into one-third (1/3) of a share of Class B Common Stock immediately prior to the closing of the Issuer's initial public offering.
/s/ Vivian Yang, Attorney-in-Fact for Eric B. Paley 09/27/2016
** 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).
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