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	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	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* Accel X LP (Last) (First) (Middle) C/O ACCEL PARTNERS 428 UNIVERSITY AVE (Street) PALO ALTO CA 94301 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol ETSY INC [ ETSY ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 11/06/2015
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X 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
Common Stock	11/06/2015		J(1)		4,459,692	D	$0.00	8,919,397	D(2)(3)
Common Stock	11/06/2015		J(1)		385,456	D	$0.00	770,926	I(3)(4)	By Accel X Strategic Partners L.P.
Common Stock	11/06/2015		J(1)		469,065	D	$0.00	938,147	I(3)(5)	By Accel Investors 2008 L.L.C.
Common Stock	11/06/2015		J(1)		965,585	D	$0.00	1,931,180	I(3)(6)	By Accel Growth Fund II L.P.
Common Stock	11/06/2015		J(1)		69,938	D	$0.00	139,881	I(3)(7)	By Accel Growth Fund II Strategic Partners L.P.
Common Stock	11/06/2015		J(1)		94,001	D	$0.00	188,007	I(3)(8)	By Accel Growth Fund Investors 2012 L.L.C.
Common Stock	11/06/2015		J(1)		1,448,362	D	$0.00	2,896,744	I(3)(9)	By Accel London II L.P.
Common Stock	11/06/2015		J(1)		48,919	D	$0.00	97,858	I(3)(10)	By Accel London Investors 2008 L.P.

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

1. Name and Address of Reporting Person* Accel X LP (Last) (First) (Middle) C/O ACCEL PARTNERS 428 UNIVERSITY AVE (Street) PALO ALTO CA 94301 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* ACCEL X STRATEGIC PARTNERS LP (Last) (First) (Middle) C/O ACCEL PARTNERS 428 UNIVERSITY AVE (Street) PALO ALTO CA 94301 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Accel Investors 2008 L.L.C. (Last) (First) (Middle) C/O ACCEL PARTNERS 428 UNIVERSITY AVE (Street) PALO ALTO CA 94301 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Accel London II L.P. (Last) (First) (Middle) C/O ACCEL PARTNERS 428 UNIVERSITY AVE (Street) PALO ALTO CA 94301 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Accel London Investors 2008 L.P. (Last) (First) (Middle) C/O ACCEL PARTNERS 428 UNIVERSITY AVE (Street) PALO ALTO CA 94301 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Accel Growth Fund II L.P. (Last) (First) (Middle) C/O ACCEL PARTNERS 428 UNIVERSITY AVE (Street) PALO ALTO CA 94301 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Accel Growth Fund II Strategic Partners L.P. (Last) (First) (Middle) C/O ACCEL PARTNERS 428 UNIVERSITY AVE (Street) PALO ALTO CA 94301 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Accel Growth Fund Investors 2012 L.L.C. (Last) (First) (Middle) C/O ACCEL PARTNERS 428 UNIVERSITY AVE (Street) PALO ALTO CA 94301 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. Transactions reported on this form represent pro rata distributions, and not a purchase or sale of securities, by Accel X L.P., Accel X Strategic Partners L.P., Accel Investors 2008 L.L.C., Accel Growth Fund II L.P., Accel Growth Fund II Strategic Partners L.P., Accel Growth Fund Investors 2012 L.L.C., Accel London II L.P. and Accel London Investors 2008 L.P., to their respective general and limited partners or members without consideration. Distribution transactions were executed pursuant to a plan established in compliance with the requirements of Rule 10b5-1.

2. Accel X Associates L.L.C. ("A10A") is the General Partner of Accel X L.P. ("A10") and has the sole voting and investment power. Andrew G. Braccia, James W. Breyer, a director of the Issuer, Kevin J. Efrusy, Sameer K. Gandhi, Ping Li, Tracy L. Sedlock and Richard P. Wong are the Managing Members of A10A and share such powers.

3. Each Managing Member or Manager disclaims beneficial ownership except to the extent of his or her pecuniary interest therein.

4. A10A is the General Partner of Accel X Strategic Partners L.P. ("A10SP") and has the sole voting and investment power. Andrew G. Braccia, James W. Breyer, a director of the Issuer, Kevin J. Efrusy, Sameer K. Gandhi, Ping Li, Tracy L. Sedlock and Richard P. Wong are the Managing Members of A10A and share such powers.

5. Andrew G. Braccia, James W. Breyer, a director of the Issuer, Kevin J. Efrusy, Sameer K. Gandhi, Ping Li, Tracy L. Sedlock and Richard P. Wong are the Managing Members of Accel Investors 2008 L.L.C. and therefore share the voting and investment powers.

6. Accel Growth Fund II Associates L.L.C. ("AGFA") is the General Partner of Accel Growth Fund II L.P. ("AGF") and has the sole voting and investment power. Andrew G. Braccia, James W. Breyer, a director of the Issuer, Sameer K. Gandhi, Ping Li, Tracy L. Sedlock, Ryan J. Sweeney and Richard P. Wong are the Managing Members of AGFA and share such powers.

7. AGFA is the General Partner of Accel Growth Fund II Strategic Partners L.P. ("AGFSP") and has the sole voting and investment power. Andrew G. Braccia, James W. Breyer, a director of the Issuer, Sameer K. Gandhi, Ping Li, Tracy L. Sedlock, Ryan J. Sweeney and Richard P. Wong are the Managing Members of AGFA and share such powers.

8. Andrew G. Braccia, James W. Breyer, a director of the Issuer, Sameer K. Gandhi, Ping Li, Tracy L. Sedlock, Ryan J. Sweeney and Richard P. Wong are the Managing Members of Accel Growth Fund Investors 2012 L.L.C. and therefore share the voting and investment powers.

9. Accel London II Associates L.L.C. ("ALA L.L.C.") is the General Partner of Accel London II Associates L.P., which is the general partner of Accel London II L.P. ALA L.L.C. has the sole voting and investment power. Jonathan Biggs, Kevin Comolli, Bruce Golden and Hendrik Nelis are the managers of ALA L.L.C. and share such powers.

10. ALA L.L.C. is the General Partner of Accel London Investors 2008 L.P. and has the sole voting and investment power. Jonathan Biggs, Kevin Comolli, Bruce Golden and Hendrik Nelis are the managers of ALA L.L.C. and share such powers.

Remarks:

	/s/ Tracy L. Sedlock as Attorney-in-Fact for Accel X L.P.	11/10/2015
	Tracy L. Sedlock as Attorney-in-Fact for Accel X Strategic Partners L.P.	11/10/2015
	Tracy L. Sedlock as Attorney-in-Fact for Accel Investors 2008 L.L.C.	11/10/2015
	Tracy L. Sedlock as Attorney-in-Fact for Accel London II L.P.	11/10/2015
	Tracy L. Sedlock as Attorney-in-Fact for Accel London Investors 2008 L.P.	11/10/2015
	Tracy L. Sedlock as Attorney-in-Fact for Accel Growth Fund II L.P.	11/10/2015
	Tracy L. Sedlock as Attorney-in-Fact for Accel Growth Fund II Strategic Partners L.P.	11/10/2015
	Tracy L. Sedlock as Attorney-in-Fact for Accel Growth Fund Investors 2012 L.L.C.	11/10/2015
	** Signature of Reporting Person	Date
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