SEC Form 4 · accession 0001494727-16-000025
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
Nov 22, 2016
Accepted (ET)
Nov 25, 2016 · 3:27 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 | Nov 22, 2016 | M | 33,430 | $6.63 | A | 359,655 | D | |
| Common StockF2 | Nov 22, 2016 | S | 7,830 | $190.078 | D | 351,825 | D | |
| Common StockF3 | Nov 22, 2016 | S | 25,600 | $191.046 | D | 326,225 | D | |
| Common Stock | Nov 22, 2016 | M | 8,653 | $6.63 | A | 334,878 | 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)F4 | $6.63 | Nov 22, 2016 | M | 8,653 | D | — | Dec 3, 2016 | Common Stock | 8,653 | 0 | D |
| Non-Qualified Stock Option (right to buy)F4 | $6.63 | Nov 22, 2016 | M | 33,430 | D | — | Dec 3, 2016 | Common Stock | 33,430 | 0 | D |
Explanation of responses
- F1The reporting person exercised stock options to purchase 42,083 shares of Tesla common stock that were expiring soon. In connection with the exercise, the reporting person sold 33,430 shares to pay related exercise costs and income taxes.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $189.64 to $190.61, inclusive. The reporting person undertakes to provide Tesla Motors, Inc., any security holder of Tesla Motors, 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.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $190.66 to $191.31, inclusive. The reporting person undertakes to provide Tesla Motors, Inc., any security holder of Tesla Motors, 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.
- F41/48th of the shares subject to the option become vested and exercisable on September 16, 2009 and 1/48th of the shares subject to the option shall become vested and exercisable each month thereafter.