SEC Form 4 · accession 0001408356-15-000041
SOLARCITY CORP · SCTY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Antonio J. Gracias
Director
Period of report
May 15, 2015
Accepted (ET)
May 18, 2015 · 4:42 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001408356
Table I — non-derivative securities
No Table I lines on this filing.
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 StockF1 | $62.51 | May 15, 2015 | A | 30,000 | A | Jul 2, 2015 | May 15, 2025 | Common Stock | 30,000 | 30,000 | D |
Explanation of responses
- F11/36 of the shares subject to the option shall vest each month following the Issuer's 2015 annual shareholder meeting (to be held on June 2, 2015), provided the reporting person continues to be a director of the Issuer as of each vest date. Any unvested shares shall vest in full upon termination of the reporting person as a director of the Issuer in connection with Change in Control.