SEC Form 4 · accession 0001562180-16-001988
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 14, 2016
Accepted (ET)
Mar 16, 2016 · 7:07 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 14, 2016 | M | 31,816 | $0.045 | A | 546,142 | D | |
| Common StockF2 | Mar 14, 2016 | S | 31,816 | $6.3894 | D | 514,326 | D | |
| Common Stock | Mar 15, 2016 | M | 9,985 | $0.045 | A | 524,311 | D | |
| Common StockF3 | Mar 15, 2016 | S | 9,985 | $6.1969 | 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 14, 2016 | M | 31,816 | D | — | Jul 26, 2018 | Common Stock | 31,816 | 431,985 | D |
| Stock Option (Right to buy)F5 | $0.045 | Mar 15, 2016 | M | 9,985 | D | — | Jul 26, 2018 | Common Stock | 9,985 | 422,000 | 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 $6.22 to $6.48 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 $6.07 to $6.34 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.