SEC Form 4 · accession 0001104659-15-025152
SOLAREDGE TECHNOLOGIES, INC. · SEDG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Christopher J Schaepe
10% Owner
Barry Eggers
10% Owner
Ravi Mhatre
10% Owner
Peter Nieh
10% Owner
LIGHTSPEED VENTURE PARTNERS VIII LP
10% Owner
Period of report
Mar 31, 2015
Accepted (ET)
Apr 1, 2015 · 5:45 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001419612
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | Mar 31, 2015 | C | 3,580,650 | — | A | 3,580,650 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series C Convertible Preferred StockF2,F3,F1 | — | Mar 31, 2015 | C | 2,770,673 | D | — | — | Common Stock | 2,770,673 | 0 | D |
| Series D Convertible Preferred StockF2,F3,F1 | — | Mar 31, 2015 | C | 378,824 | D | — | — | Common Stock | 378,823 | 0 | D |
| Series D-1 Convertible Preferred StockF2,F3,F1 | — | Mar 31, 2015 | C | 102,521 | D | — | — | Common Stock | 102,521 | 0 | D |
| Series D-2 Convertible Preferred StockF2,F3,F1 | — | Mar 31, 2015 | C | 123,026 | D | — | — | Common Stock | 123,026 | 0 | D |
| Series D-3 Convertible Preferred StockF2,F3,F1 | — | Mar 31, 2015 | C | 205,606 | D | — | — | Common Stock | 205,605 | 0 | D |
Explanation of responses
- F1The convertible preferred stock converted into shares of common stock on a three-for-one basis and has no expiration date.
- F2Shares held directly by Lightspeed Venture Partners VIII, L.P. Lightspeed Ultimate General Partner VIII, Ltd. is the general partner of Lightspeed General Partner VIII, L.P. which is the general partner of Lightspeed Venture Partners VIII, L.P. As such, Lightspeed Ultimate General Partner VIII, Ltd. possesses the power to direct the voting and disposition of the shares owned by Lightspeed Venture Partners VIII, L.P. and may be deemed to have indirect beneficial ownership of the shares held by Lightspeed Venture Partners VIII, L.P. Christopher J. Schaepe, Barry Eggers, Ravi Mhatre and Peter Nieh are the directors of Lightspeed Ultimate General Partner VIII, Ltd. and therefore may be deemed to possess power to direct the voting and disposition of the shares owned by Lightspeed Venture Partners VIII, L.P. and may be deemed to have indirect beneficial ownership of the shares held by Lightspeed Venture Partners VIII, L.P.
- F3Each of the reporting persons disclaims beneficial ownership of these securities except to the extent of its pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
Remarks
The combined ownership of the Lightspeed funds and affiliates (Lightspeed Venture Partners VIII, L.P., Lightspeed Ultimate General Partner VIII, Ltd., Lightspeed General Partner VIII, L.P., Christopher J. Schaepe, Barry Eggers, Ravi Mhatre and Peter Nieh) has dropped below 10%, following the initial public offering of SolarEdge Technologies Inc.'s common stock, and thus the aforementioned parties are no longer Section 16(a) reporting persons with respect to their holdings in SolarEdge Technologies, Inc.