SEC Form 4 · accession 0001178913-15-003724
SOLAREDGE TECHNOLOGIES, INC. · SEDG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronen Faier
Officer — Chief Financial Officer
Period of report
Dec 11, 2015
Accepted (ET)
Dec 15, 2015 · 2:15 pm EST
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 Stock | Dec 11, 2015 | M | 2,100 | $2.01 | A | 2,100 | D | |
| Common StockF1 | Dec 11, 2015 | S | 2,100 | $20.01 | D | 0 | D | |
| Common Stock | Dec 14, 2015 | M | 28,200 | $2.01 | A | 28,200 | D | |
| Common StockF1 | Dec 14, 2015 | S | 28,200 | $20.73 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee stock option (right to buy) | $2.01 | Dec 11, 2015 | M | 2,100 | D | Feb 28, 2015 | Jan 25, 2021 | Common stock | 2,100 | 197,900 | D |
| Employee stock option (right to buy) | $2.01 | Dec 11, 2015 | M | 28,200 | D | Feb 28, 2015 | Jan 25, 2021 | Common Stock | 28,200 | 169,700 | D |
| Employee stock option (right to buy)F2 | $2.46 | holding | — | — | — | — | Jan 26, 2022 | Common stock | 91,666 | 91,666 | D |
| Employee stock option (right to buy)F3 | $5.01 | holding | — | — | — | — | Oct 29, 2024 | Common Stock | 66,667 | 66,667 | D |
| Restricted Stock UnitsF4 | $0.00 | holding | — | — | — | — | — | Common Stock | 12,000 | 12,000 | D |
| Employee stock option (right to buy)F5 | $25.09 | holding | — | — | — | — | Aug 19, 2025 | Common Stock | 19,200 | 19,200 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.00 to $20.02, inclusive, on December 11, 2015 and from $20.35 to $21.05, inclusive, on December 14, 2015. The reporting person undertakes to provide to SolarEdge Technologies, Inc., any security holder of SolarEdge Technologies, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4. Transactions reported on this Form 4 were made pursuant to trading instructions adopted by the undersigned that are intended to comply with Rule 10b5-1(c).
- F2Options become exercisable in 48 equal installments each calendar month beginning January 31, 2012.
- F3Options become exercisable in 48 equal installments each calendar month beginning October 31, 2014.
- F4The restricted stock units vest and will be settled in sixteen equal quarterly installments over a four-year period of continued service beginning on August 19, 2015.
- F5The option becomes exercisable and vests in sixteen equal quarterly installments over a four-year period of continued service beginning on August 19, 2015.