SEC Form 4 · accession 0001209191-15-067137
Enphase Energy, Inc. · ENPH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul B Nahi
Officer — President and CEO · Director
Period of report
Aug 18, 2015
Accepted (ET)
Aug 20, 2015 · 5:20 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 | Aug 18, 2015 | S | 10,272 | $5.36 | D | 632,160 | D | |
| Common StockF2 | Aug 18, 2015 | S | 1,713 | $5.36 | D | 630,447 | D | |
| Common Stock | Aug 19, 2015 | M | 20,000 | $0.27 | A | 650,447 | D | |
| Common Stock | Aug 20, 2015 | M | 80,000 | $0.27 | A | 730,447 | D | |
| Common StockF3 | holding | — | — | — | 55,066 | I | Held in Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F4 | $0.27 | Aug 19, 2015 | M | 20,000 | D | — | Jul 15, 2019 | Common Stock | 20,000 | 690,558 | D |
| Stock Option (Right to Buy)F4 | $0.27 | Aug 20, 2015 | M | 80,000 | D | — | Jul 15, 2019 | Common Stock | 80,000 | 610,558 | D |
Explanation of responses
- F1Represents the shares sold to cover the tax liability associated with the vesting of a portion of the restricted stock units (RSUs) reported on March 10, 2014.
- F2Represents the shares sold to cover the tax liability associated with the vesting of a portion of the restricted stock units (RSUs) reported on May 6, 2013.
- F3The shares are held in trust for Mr. Nahi's children. Mr. Nahi disclaims beneficial ownership of the shares.
- F4The option was granted on July 16, 2009 and vested incrementally over a four-year period.