SEC Form 4 · accession 0001408356-16-000155
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
Nov 15, 2016
Accepted (ET)
Nov 16, 2016 · 6:25 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, 2016 | M | 2,500 | $0.0001 | A | 64,650 | D | |
| Common Stock | Nov 16, 2016 | S | 1,353 | $19.7328 | D | 63,297 | D | |
| Common Stock | Nov 16, 2016 | S | 1,530 | $19.70 | D | 61,767 | 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, 2016 | M | 2,500 | D | — | — | Common Stock | 2,500 | 22,500 | 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 regularly scheduled delivery of shares.
- F3The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 15, 2015.
- F4Represents a restricted stock unit award granted in January 2015, 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.