SEC Form 4 · accession 0001209191-17-066045
Sunrun Inc. · RUN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher Dawson
Officer — Chief Operating Officer
Period of report
Dec 15, 2017
Accepted (ET)
Dec 15, 2017 · 5:50 pm EST
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 | Dec 15, 2017 | A | 250,000 | $0.00 | A | 250,000 | 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)F2 | $6.06 | Dec 15, 2017 | A | 500,000 | A | Dec 15, 2018 | Dec 14, 2027 | Common Stock | 500,000 | 500,000 | D |
Explanation of responses
- F1Each share is represented by a Restricted Stock Unit ("RSU"). 25% of the RSUs will vest on December 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.
- F225% of the shares subject to the option will vest on December 15, 2018, and 1/48 of the shares will vest monthly thereafter, subject to the Reporting Person's continued service through each vesting date.