SEC Form 4 · accession 0001503210-15-000002
Tesla, Inc. · TSLA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brad W Buss
Director
Period of report
Feb 18, 2015
Accepted (ET)
Feb 20, 2015 · 8:57 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 StockF2 | Feb 18, 2015 | S | 5,882 | $205.387 | D | 5,882 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This disposition is a nondiscretionary transaction executed solely to timely comply with the requirements of a deferred compensation plan of Mr. Buss's former employer. Specifically, the shares involved in this transaction were acquired by Mr. Buss under a non-qualified deferred compensation plan (the "Plan") of Cypress Semiconductor Corporation ("Cypress"), of which Mr. Buss served as Chief Financial Officer and Executive Vice President of Finance and Administration until June 1, 2014. The Plan's terms require that all assets allocated to a participant be liquidated and distributed in cash to the participant after specified periods following his or her departure from Cypress.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $205.33 to $205.47, 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.