SEC Form 4 · accession 0001178913-15-002698
SOLAREDGE TECHNOLOGIES, INC. · SEDG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Tal Payne
Director
Period of report
Aug 18, 2015
Accepted (ET)
Aug 24, 2015 · 4:02 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001419612
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1 | $0.00 | Aug 18, 2015 | A | 6,744 | A | — | — | Common stock | 6,744 | 6,744 | D |
| Restricted Stock UnitsF2 | $0.00 | Aug 18, 2015 | A | 4,496 | A | — | — | Common stock | 4,496 | 4,496 | D |
Explanation of responses
- F1Reflects restricted stock units ("RSUs") granted to the reporting person as an initial award for service on the Board of Directors following consummation of the Company's initial public offering. The RSUs will vest in equal annual installments over three years, subject to continued board service through the applicable vesting date. The RSUs will vest in full upon the occurrence of a change in control (as defined in the SolarEdge Technologies, Inc. 2015 Global Incentive Plan (the "Plan")).
- F2Reflects an annual award of RSUs granted to the reporting person for service on the Board of Directors, pro-rated for the portion of 2015 following the Company's initial public offering. The RSUs will vest in full upon the earlier of the date of the Company's next annual meeting of stockholders or the occurrence of a change in control (as defined in the Plan), subject to continued board service through such date.