SEC Form 4 · accession 0001209191-15-055201

Enphase Energy, Inc. · ENPH

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — President and CEO

Period of report

Jun 17, 2015

Accepted (ET)

Jun 19, 2015 · 7:48 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
Restricted Stock Units^F1,F2	Jun 17, 2015	A	65,000	$0.00	A	567,432	D
Common Stock^F3	holding	—	—		—	55,066	I	Held in Trust

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock Option (Right to Buy)^F1,F4	$9.05	Jun 17, 2015	A	100,000	A	—	Jun 16, 2022	Common Stock	100,000	100,000	D

F1Issued pursuant to the 2011 Equity Incentive Plan (the "Plan").
F2The RSUs shall vest as follows: (a) 1/8th of the shares (rounded down to the nearest whole share) shall vest on the Initial Vesting Date (11/15/2015); and (b) thereafter 1/8th of the shares (rounded down to the nearest whole share, except for the last vesting installment) shall vest and become exercisable on each six-month anniversary of the Initial Vesting Date, provided that the grantee remains in Continuous Service (as defined in the Plan).
F3The shares are held in trust for Mr. Nahi's children. Mr. Nahi disclaims beneficial ownership of the shares.
F41/48th of the total number of shares subject to the Option granted shall vest and become exercisable on each monthly anniversary of the Vesting Commencement Date (June 1, 2015) until the Option is 100% vested or vesting earlier terminates in accordance with the applicable stock option agreement, subject to the optionee's Continuous Service (as defined in the Plan).