SEC Form 4 · accession 0001494732-19-000006
Tesla, Inc. · TSLA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brad W Buss
Director
Period of report
Feb 14, 2019
Accepted (ET)
Feb 19, 2019 · 9:30 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 14, 2019 | M | 16,666 | $30.08 | A | 18,206 | D | |
| Common Stock | Feb 14, 2019 | M | 2,605 | $29.66 | A | 20,811 | D | |
| Common StockF2 | Feb 14, 2019 | S | 1,000 | $301.861 | D | 19,811 | D | |
| Common StockF3 | Feb 14, 2019 | S | 6,689 | $302.906 | D | 13,122 | D | |
| Common StockF4 | Feb 14, 2019 | S | 4,547 | $303.673 | D | 8,575 | D | |
| Common StockF5 | Feb 14, 2019 | S | 3,135 | $304.804 | D | 5,440 | D | |
| Common StockF6 | Feb 14, 2019 | S | 3,800 | $305.877 | D | 1,640 | D | |
| Common Stock | Feb 14, 2019 | S | 100 | $306.50 | D | 1,540 | D | |
| Common Stock | holding | — | — | — | 11,808 | I | Buss Family Trust |
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)F7 | $29.66 | Feb 14, 2019 | M | 2,605 | D | — | Jun 12, 2019 | Common Stock | 2,605 | 57,811 | D |
| Non-Qualified Stock Option (right to buy)F8 | $30.08 | Feb 14, 2019 | M | 16,666 | D | — | Jun 8, 2019 | Common Stock | 16,666 | 0 | D |
Explanation of responses
- F1The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 8, 2018. The option exercises reported herein are of long-held stock options that were scheduled to expire in June 2019.
- F2The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $301.32 to $302.28, inclusive. The reporting person undertakes to provide Tesla, Inc., any security holder of Tesla, 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 $302.37 to $303.34, inclusive. The reporting person undertakes to provide Tesla, Inc., any security holder of Tesla, 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 $303.37 to $304.29, inclusive. The reporting person undertakes to provide Tesla, Inc., any security holder of Tesla, 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 $304.37 to $305.35, inclusive. The reporting person undertakes to provide Tesla, Inc., any security holder of Tesla, 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 $305.41 to $306.32, inclusive. The reporting person undertakes to provide Tesla, Inc., any security holder of Tesla, 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.
- F71/24th of the shares granted became vested and exercisable as of each monthly anniversary beginning on July 12, 2012, such that all shares subject to the Option were vested and exercisable by July 12, 2014.
- F8100% of the shares subject to the option became vested and exercisable on June 8, 2013.