SEC Form 4 · accession 0001209191-17-021492
Sunrun Inc. · RUN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul Thaddeus Winnowski
Officer — Chief Operating Officer
Period of report
Mar 15, 2017
Accepted (ET)
Mar 17, 2017 · 5:26 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001469367
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Mar 15, 2017 | A | 175,000 | $0.00 | A | 948,195 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F3 | $5.00 | Mar 15, 2017 | A | 410,000 | A | Mar 15, 2018 | Mar 14, 2027 | Common Stock | 410,000 | 410,000 | D |
Explanation of responses
- F1Each share is represented by a Restricted Stock Unit ("RSU"). 25% of the RSUs will vest on March 15, 2018, and the remaining RSUs will vest quarterly over the following three years, subject to the Reporting Person's continued service through each vesting date.
- F2Includes 3,732 shares acquired under the RUN employee stock purchase plan during 2016.
- F325% of the shares subject to the option will vest on March 15, 2018, and 1/48 of the shares will vest monthly thereafter, subject to the Reporting Person's continued service through each vesting date.