SEC Form 4 · accession 0001408356-15-000090
SOLARCITY CORP · SCTY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Tanguy Serra
Officer — Chief Operations Officer
Period of report
Nov 15, 2015
Accepted (ET)
Nov 16, 2015 · 6:59 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 StockF1 | Nov 15, 2015 | M | 6,965 | $0.0001 | A | 15,497 | D | |
| Common StockF3 | Nov 16, 2015 | S | 3,443 | $26.5696 | D | 12,054 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Unit AwardF1,F4 | $0.0001 | Nov 15, 2015 | M | 6,965 | D | — | — | Common Stock | 6,965 | 90,558 | D |
Explanation of responses
- F1Represents par value of SolarCity Corporation common stock.
- F2Represents the non-discretionary sale of shares on behalf of the reporting person to cover the tax withholding obligations associated with the delivery of shares.
- F3The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.48 to $27.19, 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.
- F4Represents a restricted stock unit award in which 1/16th of the shares subject to the award vest quarterly, subject to the continued service of the reporting person with the issuer.