The main key is F major, and the form is ternary.

A (measures 1-8) + B (measures 9-16) + A1 (measures 17-24) + B (measures 25-32) + A1 (measures 33-40)

Although the basic structure is ABA ternary form, it is classified as ternary form because the BA section appears to be repeated. For instance, this can be easily understood by considering it analogous to the development and recapitulation sections in sonata form, where these two large sections are often repeated under a single repeat sign.

A characteristic motif consists of a V-shaped figure formed by a dotted eighth note, a sixteenth note, and an eighth note, followed by a descending leap to a quarter note. In the opening theme, this motif is developed in various ways over eight measures, following harmonic cadences. In section B, the roles are reversed, with the melody in the left hand, and the motif appears in inversion and is performed in the parallel key of D minor. From measure 17, the theme is varied. The latter half concludes with repetitions of section B and the varied A section.