SEC Form 4 · accession 0001408356-15-000010
SOLARCITY CORP · SCTY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Seth R Weissman
Officer — EVP, General Counsel
Period of report
Jan 30, 2015
Accepted (ET)
Feb 3, 2015 · 5:10 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001408356
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Feb 2, 2015 | S | 26,463 | $51.7545 | D | 105,851 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option to Purchase Common StockF3 | $48.61 | Jan 30, 2015 | A | 110,000 | A | Jul 30, 2015 | Jan 30, 2025 | Common Stock | 110,000 | 110,000 | D |
| Restricted Stock Unit AwardF4 | $0.0001 | Jan 30, 2015 | A | 40,000 | A | Aug 15, 2015 | — | Common Stock | 40,000 | 40,000 | 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 August 29, 2014.
- F2The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $48.93 to $53.57, inclusive. The reporting person undertakes to provide SolarCity Corporation, any security holder of SolarCity Corporation, 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 the footnote.
- F3Represents an option in which 1/8th of the shares subject to the option shall vest and become exercisable on the Date Exercisable set forth above, and 1/48th of the shares subject to the option shall vest and become exercisable each month thereafter, subject to the continued service of the reporting person with the issuer.
- F4Represents a restricted stock unit award in which 1/8th of the shares subject to the award shall vest on the Date Exercisable set forth above, and 1/16th of the shares subject to the award shall vest each three months thereafter, subject to the continued service of the reporting person with the issuer.