SEC Form 4 · accession 0001209191-16-136685
Enphase Energy, Inc. · ENPH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Humberto Garcia
Officer — VP and CFO
Period of report
Aug 9, 2016
Accepted (ET)
Aug 11, 2016 · 8:05 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,F2 | Aug 9, 2016 | A | 50,000 | $0.00 | A | 68,127 | D |
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)F3 | $1.98 | Aug 9, 2016 | A | 200,000 | A | — | Aug 8, 2023 | Common Stock | 200,000 | 200,000 | D |
Explanation of responses
- F1Represents a grant of restricted stock units ("RSUs") issued pursuant to the 2011 Equity Incentive Plan (the "Plan").
- F2The RSUs vests in eight (8) successive equal semi-annual installments, with the first 1/8th of the shares vesting on February 8, 2017, subject to the grantee's Continuous Service, as defined in the Plan.
- F31/48th of the total number of shares subject to the Option granted shall vest and become exercisable on September 8, 2016 and in equal monthly installments thereafter until the Option is fully vested on August 8, 2020, subject to the grantee's Continuous Service, as defined in the Plan.