SEC Form 4 · accession 0001463101-17-000075
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
May 30, 2017
Accepted (ET)
Jun 1, 2017 · 5:58 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 UnitsF1,F2 | May 30, 2017 | A | 750,000 | $0.00 | A | 1,367,880 | D | |
| Common StockF3 | holding | — | — | — | 55,066 | I | Held in Trust | |
| Common StockF4 | holding | — | — | — | 501,822 | I | Held in Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Issued pursuant to the 2011 Equity Incentive Plan.
- F2The RSUs shall vest as follows: (a) 12.5% of the shares (rounded down to the nearest whole share) shall vest and become exercisable on the Initial Vesting Date; and (b) thereafter 12.5% 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) from the Date of Grant through each such vesting date.
- F3The shares are held in trust for Mr. Nahi's children. Mr. Nahi disclaims beneficial ownership of the shares.
- F4Reflects shares transferred on August 4, 2016 to the Nahi Family Revocable Living Trust.