SEC Form 4 · accession 0001494732-15-000006
Tesla, Inc. · TSLA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Deepak Ahuja
Officer — CFO
Period of report
Aug 18, 2015
Accepted (ET)
Aug 20, 2015 · 6:08 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 18, 2015 | M | 4,823 | $2.70 | A | 12,093 | D | |
| Common Stock | Aug 18, 2015 | M | 177 | $2.70 | A | 12,270 | D | |
| Common StockF2 | Aug 18, 2015 | S | 200 | $254.16 | D | 12,070 | D | |
| Common StockF3 | Aug 18, 2015 | S | 400 | $255.253 | D | 11,670 | D | |
| Common StockF4 | Aug 18, 2015 | S | 600 | $256.563 | D | 11,070 | D | |
| Common StockF5 | Aug 18, 2015 | S | 2,101 | $257.584 | D | 8,969 | D | |
| Common StockF6 | Aug 18, 2015 | S | 1,200 | $258.503 | D | 7,769 | D | |
| Common StockF7 | Aug 18, 2015 | S | 400 | $259.985 | D | 7,369 | D | |
| Common Stock | Aug 18, 2015 | S | 99 | $260.59 | D | 7,270 | 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)F8 | $2.70 | Aug 18, 2015 | M | 177 | D | May 13, 2009 | Apr 12, 2016 | Common Stock | 177 | 8,989 | D |
| Non-Qualified Stock Option (right to buy)F9 | $2.70 | Aug 18, 2015 | M | 4,823 | D | Jul 31, 2009 | Sep 2, 2015 | Common Stock | 4,823 | 0 | D |
Explanation of responses
- F1The stock option exercise and sales reported on this Form 4 were effected pursuant to a pre-determined Rule 10b5-1 trading plan adopted by the reporting person on March 3, 2014 and amended on March 3, 2015. The reporting person adopted the trading plan to periodically exercise long held stock options that are expiring in September 2015 and April 2016.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $253.83 to $254.4903, 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 $255.03 to $255.48, 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.
- F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $256.06 to $256.9715, 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.
- F5The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $257.20 to $258.05, 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.
- F6The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $258.20 to $258.91, 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.
- F7The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $259.49 to $260.26, 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.
- F81/48th of the shares subject to the option first became vested and exercisable on the date listed with the remaining shares becoming vested and exercisable thereafter on each monthly anniversary of the grant date, so that all such shares were vested as of the fourth anniversary of the grant date.
- F91/4th of the shares subject to the option first became vested and exercisable on the date listed and 1/48th of the shares subject to the option became vested and exercisable each month thereafter.