SEC Form 4 · accession 0001494730-16-000008
Tesla, Inc. · TSLA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Elon Musk
Officer — CEO · Director · 10% Owner
Period of report
May 25, 2016
Accepted (ET)
May 26, 2016 · 8:21 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 StockF1,F2 | May 25, 2016 | S | 2,782,670 | $213.22 | D | 31,100,644 | I | by Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1As previously described on Form 4 filed with the SEC on May 23, 2016, the reporting person sold 2,782,670 shares of Tesla common stock in an underwritten registered offering solely in order to pay income taxes related to previously reported stock option exercises. This sale was completed and closed on May 25, 2016. The shares were sold at a per share price of $213.2202.
- F2The reported shares are held indirectly by The Elon Musk Revocable Trust dated July 22, 2003, for which the reporting person is a trustee.