SEC Form 4 · accession 0001469367-18-000064
Sunrun Inc. · RUN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeanna Steele
Officer — General Counsel
Period of report
Jun 15, 2018
Accepted (ET)
Jun 15, 2018 · 5:13 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 | Jun 15, 2018 | A | 23,000 | $0.00 | A | 94,450 | 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 | $13.63 | Jun 15, 2018 | A | 47,000 | A | — | Jun 14, 2028 | Common Stock | 47,000 | 47,000 | D |
Explanation of responses
- F1Each share is represented by a Restricted Stock Unit ("RSU"). Each RSU represents a contingent right to receive one share upon settlement. 25% of the RSUs vest on June 15, 2019, and the remaining RSUs vest in equal quarterly installments 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 vest on June 15, 2019, and 1/48 of the shares vest monthly thereafter, subject to the Reporting Person's continued service through each vesting date.