SEC Form 4 · accession 0001494730-18-000001
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
Mar 21, 2018
Accepted (ET)
Mar 21, 2018 · 8:15 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001318605
Table I — non-derivative securities
No Table I lines on this filing.
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)F1,F2 | $350.02 | Mar 21, 2018 | A | 20,264,042 | A | — | Jan 20, 2028 | Common Stock | 20,264,042 | 20,264,042 | D |
Explanation of responses
- F1On January 21, 2018, the reporting person was granted a performance-based stock option award to purchase 20,264,042 shares of common stock (the "Award") by Tesla, Inc.'s board of directors, subject to stockholder approval of the Award. Tesla's stockholders approved the Award on March 21, 2018.
- F2The Award will vest in twelve equal installments upon the achievement of performance milestones that are based on operational and market capitalization metrics.