SEC Form 4 · accession 0001209191-15-022561
OPOWER, INC. · OPWR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeremy Kirsch
Officer — SVP, Worldwide Sales
Period of report
Mar 2, 2015
Accepted (ET)
Mar 4, 2015 · 7:06 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 StockF2 | Mar 2, 2015 | M | 12,500 | $0.045 | A | 147,289 | D | |
| Common StockF3 | Mar 2, 2015 | S | 16,667 | $15.0901 | D | 130,622 | D | |
| Common StockF4 | holding | — | — | — | 52,275 | I | See Footnote | |
| Common StockF5 | holding | — | — | — | 42,101 | I | See Footnote |
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)F6 | $0.045 | Mar 2, 2015 | M | 12,500 | D | — | Jul 26, 2018 | Common Stock | 12,500 | 672,000 | D |
Explanation of responses
- F1This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 9, 2014.
- F2Includes 10,225 shares previously held by The Jeremy E. Kirsch 2013 Five-Year Grantor Retained Annuity Trust and 20,399 shares previously held by The Jeremy E. Kirsch 2013 Three-Year Grantor Retained Annuity Trust.
- F3This sale price represents the weighted average sale price of the shares sold ranging from $14.96 to $15.47 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.
- F4Shares held by The Jeremy E. Kirsch 2013 Five-Year Grantor Retained Annuity Trust, and excludes 10,225 shares now directly held by the Reporting Person.
- F5Shares held by The Jeremy E. Kirsch 2013 Three-Year Grantor Retained Annuity Trust, and excludes 20,399 shares now directly held by the Reporting Person.
- F6The option is fully vested and exercisable. 12.5% of the shares vested January 14, 2009, 21.875% of the shares vested on July 14, 2009, and the remaining shares vested in equal monthly installments over the following three years.