SEC Form 4 · accession 0001209191-15-009945
OPOWER, INC. · OPWR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rick McPhee
Officer — SVP, Engineering
Period of report
Feb 3, 2015
Accepted (ET)
Feb 5, 2015 · 6:15 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001412043
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 3, 2015 | M | 2,746 | $2.09 | A | 2,746 | D | |
| Common StockF2 | Feb 3, 2015 | S | 2,746 | $12.0249 | D | 0 | D | |
| Common Stock | Feb 4, 2015 | M | 2,254 | $2.09 | A | 2,254 | D | |
| Common StockF3 | Feb 4, 2015 | S | 2,254 | $12.0002 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F4 | $2.09 | Feb 3, 2015 | M | 2,746 | D | — | May 2, 2022 | Common Stock | 2,746 | 477,254 | D |
| Stock Option (Right to Buy)F4 | $2.09 | Feb 4, 2015 | M | 2,254 | D | — | May 2, 2022 | Common Stock | 2,254 | 475,000 | D |
Explanation of responses
- F1This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 5, 2014.
- F2This sale price represents the weighted average sale price of the shares sold ranging from $12.00 to $12.07 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
- F3This sale price represents the weighted average sale price of the shares sold ranging from $12.00 to $12.01 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
- F4The option vests and becomes exercisable for 1/4th of the option shares on March 5, 2013 and 1/48th of the option shares each month thereafter. 50% of the then unvested shares are subject to acceleration upon a change of control pursuant to the terms of an agreement between the Issuer and the Reporting Person.