SEC Form 4 · accession 0001408356-16-000122
SOLARCITY CORP · SCTY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Tanguy Serra
Officer — President & CFO
Period of report
Feb 15, 2016
Accepted (ET)
Feb 16, 2016 · 7:44 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 | Feb 15, 2016 | M | 6,966 | $0.0001 | A | 19,020 | D | |
| Common Stock | Feb 16, 2016 | S | 2,898 | $18.67 | D | 16,122 | 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,F3 | $0.0001 | Feb 15, 2016 | M | 6,966 | D | — | — | Common Stock | 6,966 | 83,592 | 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.
- F3Represents 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.