SEC Form 4 · accession 0001494727-16-000024
Tesla, Inc. · TSLA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey B Straubel
Officer — Chief Technical Officer
Period of report
Feb 10, 2016
Accepted (ET)
Feb 12, 2016 · 7:35 pm EST
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 | Feb 10, 2016 | M | 107,916 | $2.70 | A | 242,818 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Incentive Stock Option (right to buy)F2 | $2.70 | Feb 10, 2016 | M | 107,916 | D | — | Apr 12, 2016 | Common Stock | 107,916 | 0 | D |
Explanation of responses
- F1The reporting person exercised stock options to purchase 107,916 shares of Tesla's common stock in a transaction exempt from Section 16(b) of the Securities Exchange Act of 1934. There are no sales of Tesla's common stock by the reporting person in connection with this transaction.
- F21/48th of the shares subject to the option will vest on each monthly anniversary of the grant date, so that all such shares will be vested as of the fourth anniversary of the grant date.