SEC Form 4 · accession 0001408356-16-000178
SOLARCITY CORP · SCTY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jon Wellinghoff
Officer — Chief Policy Officer
Period of report
Nov 21, 2016
Accepted (ET)
Nov 23, 2016 · 4:48 pm EST
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 | $20.06 | Nov 21, 2016 | D | 200,016 | D | — | — | Common Stock | 200,016 | 0 | D |
Explanation of responses
- F1Outstanding stock options and restricted stock unit awards ("RSUs") of the Issuer were assumed by Tesla and automatically converted into corresponding equity incentive awards on common stock of Tesla in accordance with the Merger Agreement.
Remarks
This Form 4 reports securities disposed pursuant to the terms of an Agreement and Plan of Merger (the "Merger Agreement"), dated as of July 31, 2016, a copy of which is filed as Exhibit 2.1 to the Issuer's Form 8-K filed with the SEC on August 1, 2016, and by which the Issuer became a wholly-owned subsidiary (the "Merger") of Tesla Motors, Inc. ("Tesla").