SEC Form 4 · accession 0001408356-15-000080
SOLARCITY CORP · SCTY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter J Rive
Officer — Chief Technology Officer · Director
Period of report
Aug 25, 2015
Accepted (ET)
Aug 27, 2015 · 4:06 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,F2 | — | Aug 25, 2015 | A | 2,000,000 | A | — | Sep 15, 2025 | Common Stock | 2,000,000 | 2,000,000 | D |
Explanation of responses
- F1The exercise price of the award will be equal to the closing trading price on the NASDAQ Global Select Market on September 15, 2015.
- F2The option shall vest, if at all, in ten equal installments based on the achievement of both (i) specified operational goals by the Issuer and (ii) increases in the trading price of the Issuer's common stock.