SEC Form 4 · accession 0001650649-16-000014
Tesla, Inc. · TSLA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brad W Buss
Director
Period of report
May 12, 2016
Accepted (ET)
May 16, 2016 · 5:58 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 | May 12, 2016 | M | 3,333 | $6.63 | A | 9,215 | D | |
| Common Stock | May 12, 2016 | M | 2,000 | $28.43 | A | 11,215 | D | |
| Common Stock | May 12, 2016 | S | 5,333 | $208.13 | D | 5,882 | D | |
| Common Stock | May 13, 2016 | M | 10,000 | $28.43 | A | 15,882 | D | |
| Common StockF1 | May 13, 2016 | S | 10,000 | $207.555 | D | 5,882 | D |
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)F2 | $6.63 | May 12, 2016 | M | 3,333 | D | — | Dec 3, 2016 | Common Stock | 3,333 | 0 | D |
| Non-Qualified Stock Option (right to buy)F3 | $28.43 | May 12, 2016 | M | 2,000 | D | — | Jun 12, 2018 | Common Stock | 2,000 | 14,666 | D |
| Non-Qualified Stock Option (right to buy)F3 | $28.43 | May 13, 2016 | M | 10,000 | D | — | Jun 12, 2018 | Common Stock | 10,000 | 4,666 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $207.50 to $207.77, 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.
- F21/4th of the shares subject to the option become vested and exercisable on November 8, 2010 and 1/48th of the shares subject to the option shall become vested and exercisable each month thereafter.
- F3100% of the shares subject to the option shall vest and become exercisable on the earlier of the first anniversary date of the grant or the day prior to the date of the next annual meeting of the stockholders of the Company following date of grant.