SEC Form 4 · accession 0001209191-15-024835
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
Mar 6, 2015
Accepted (ET)
Mar 10, 2015 · 6:23 pm EDT
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 | Mar 6, 2015 | M | 25,698 | $1.63 | A | 131,885 | D | |
| Common StockF1 | Mar 6, 2015 | S | 25,698 | $15.00 | D | 106,187 | D | |
| Common StockF1 | Mar 6, 2015 | S | 3,280 | $15.00 | D | 102,907 | 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 | Mar 6, 2015 | M | 25,698 | D | — | Jun 2, 2020 | Common Stock | 25,698 | 126,762 | 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.