SEC Form 4 · accession 0001562180-16-001971
OPOWER, INC. · OPWR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeremy Kirsch
Officer — EVP and GM, Worldwide Sales
Period of report
Mar 10, 2016
Accepted (ET)
Mar 14, 2016 · 7:50 pm EDT
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 | Mar 10, 2016 | M | 47,699 | $0.045 | A | 562,025 | D | |
| Common StockF2 | Mar 10, 2016 | S | 47,699 | $6.0856 | D | 514,326 | D | |
| Common Stock | Mar 11, 2016 | M | 35,500 | $0.045 | A | 549,826 | D | |
| Common StockF3 | Mar 11, 2016 | S | 35,500 | $6.162 | D | 514,326 | D | |
| Common StockF4 | holding | — | — | — | 30,648 | 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)F5 | $0.045 | Mar 10, 2016 | M | 47,699 | D | — | Jul 26, 2018 | Common Stock | 47,699 | 499,301 | D |
| Stock Option (Right to buy)F5 | $0.045 | Mar 11, 2016 | M | 35,500 | D | — | Jul 26, 2018 | Common Stock | 35,500 | 463,801 | D |
Explanation of responses
- F1This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 14, 2015.
- F2This sale price represents the weighted average sale price of the shares sold ranging from $6.01 to $6.36 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 $6.06 to $6.24 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.
- F5The 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.