SEC Form 4 · accession 0001209191-15-002447
Enphase Energy, Inc. · ENPH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeff Loebbaka
Officer — VP, Worldwide Sales
Period of report
Jan 2, 2015
Accepted (ET)
Jan 6, 2015 · 6:00 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001463101
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jan 2, 2015 | M | 5,320 | $1.63 | A | 111,507 | D | |
| Common StockF1 | Jan 2, 2015 | S | 5,320 | $14.30 | D | 106,187 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option (right to buy)F2 | $1.63 | Jan 2, 2015 | M | 5,320 | D | — | Jun 2, 2020 | Common Stock | 5,320 | 160,440 | D |
Explanation of responses
- F1The option exercises and shares sold as reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 29, 2014.
- F2When both ISO and NQ Stock Options granted on 6/3/2010 are combined, they vest over 4 years of continuous service as follows: 1/4th of the shares vested on May 1, 2011, with the remainder vesting in 36 equal monthly installments on the first day of each succeeding calendar month thereafter.