X0306 4 2014-08-14 0 0001478484 zulily, inc. ZU 0001191203 CARLBORG W ERIC 2480 SAND HILL ROAD, SUITE #101 MENLO PARK CA 94025 1 0 0 0 Class A Common Stock 2014-08-14 4 C 0 50000 A 50000 D Class A Common Stock 2014-08-14 4 S 0 50000 36.8231 D 0 D Stock Option (Right to Buy) 0.24 2014-08-14 4 M 0 50000 0.00 D 2020-10-24 Class B Common Stock 50000 275000 D Class B Common Stock 2014-08-14 4 M 0 50000 0.00 A Class A Common Stock 50000 50000 D Class B Common Stock 2014-08-14 4 C 0 50000 0.00 D Class A Common Stock 50000 0 D Each share of Class B Common Stock was convertible at any time at the option of the holder into one share of Class A Common Stock. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.70 to $36.91, 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 range set forth in this footnote 2 to this Form 4. Fully vested. 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. In addition, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon any transfer, whether or not for value and whether voluntary or involuntary or by operation of law, except for certain transfers described in the Issuer's Amended and Restated Certificate of Incorporation, including, without limitation, certain transfers for tax and estate planning purposes. Not applicable. /s/ Deirdre Runnette, Attorney-in-Fact 2014-08-15