SEC Form 4 · accession 0001178913-17-002299
SOLAREDGE TECHNOLOGIES, INC. · SEDG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Zvi Lando
Officer — Vice President, Global Sales
Period of report
Aug 3, 2017
Accepted (ET)
Aug 7, 2017 · 3:45 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 Stock | Aug 3, 2017 | M | 15,000 | $1.50 | A | 63,333 | D | |
| Common StockF1 | Aug 3, 2017 | S | 15,000 | $27.334 | D | 48,333 | D | |
| Common Stock | Aug 4, 2017 | M | 10,000 | $1.50 | A | 58,333 | D | |
| Common StockF2 | Aug 4, 2017 | S | 10,000 | $28.356 | D | 48,333 | 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)F3 | $1.50 | Aug 3, 2017 | M | 15,000 | D | — | May 28, 2019 | Common Stock | 15,000 | 58,333 | D |
| Employee stock option (right to buy)F3 | $1.50 | Aug 3, 2017 | M | 10,000 | D | — | May 28, 2019 | Common Stock | 10,000 | 48,333 | 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 $25.85 to $27.75, inclusive, on August 3, 2017. 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).
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28 to $28.5, inclusive, on August 4, 2017. 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 (2) 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).
- F3The Employee Stock Options were granted on May 28, 2009 and one-quarter of the initial grant vested on June 1, 2010 and thereafter vested in equal monthly installments over the next three years.