SEC Form 4 · accession 0001352816-17-000007
Tesla, Inc. · TSLA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen T Jurvetson
Director
Period of report
Aug 22, 2017
Accepted (ET)
Aug 24, 2017 · 9:11 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001318605
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Aug 22, 2017 | M | 36,111 | $261.89 | A | 36,111 | D | |
| Common Stock | Aug 22, 2017 | M | 8,666 | $250.69 | A | 44,777 | D | |
| Common StockF1 | Aug 22, 2017 | S | 20,118 | $339.822 | D | 24,659 | D | |
| Common StockF2 | Aug 22, 2017 | S | 24,659 | $340.803 | D | 0 | D | |
| Common StockF3 | holding | — | — | — | 43 | I | by DFJ Fd X Part LP | |
| Common StockF4 | holding | — | — | — | 104,200 | I | by Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F5 | $250.69 | Aug 22, 2017 | M | 8,666 | D | — | Jun 12, 2022 | Common Stock | 8,666 | 3,334 | D |
| Non-Qualified Stock Option (right to buy)F6 | $261.89 | Aug 22, 2017 | M | 36,111 | D | — | Jun 18, 2022 | Common Stock | 36,111 | 13,889 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $339.36 to $340.34, inclusive. The reporting person undertakes to provide Tesla, Inc., any security holder of Tesla, Inc. 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.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $340.43 to $341.34, inclusive. The reporting person undertakes to provide Tesla, Inc., any security holder of Tesla, Inc. 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.
- F3These shares are owned directly by Draper Fisher Jurvetson Fund X Partners, L.P. Mr. Jurvetson is one of several managing directors of the general partner entities of these funds that directly hold shares and as such Mr. Jurvetson may be deemed to have voting and investment power with respect to such shares. Mr. Jurvetson disclaims beneficial ownership with respect to such shares except to the extent of his pecuniary interest therein.
- F4These shares are owned directly by the Steve and Karla Jurvetson Living Trust dated August 27, 2002.
- F5Pursuant to the issuer's Outside Director Compensation Policy, these equity awards were granted to the reporting person in connection with his service on a committee of the issuer's Board of Directors. 1/36th of the shares granted shall become vested and exercisable as of each monthly anniversary from June 12, 2015, such that all shares subject to the Option shall be fully vested and exercisable by June 12, 2018.
- F6This stock option award is a triennial equity award granted pursuant to the Company's 2010 Equity Incentive Plan and Outside Director Compensation Policy. 1/36th of the shares granted shall become vested and exercisable as of each anniversary from June 18, 2015, such that all shares subject to the Option shall be fully vested and exercisable by June 18, 2018.