SEC Form 4 · accession 0000899243-16-019943
Vivint Solar, Inc. · VSLR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Bywater
Officer — Interim CEO
Period of report
May 11, 2016
Accepted (ET)
May 13, 2016 · 5:20 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001607716
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 11, 2016 | A | 500,000 | $0.00 | A | 500,000 | 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)F2 | $3.21 | May 11, 2016 | D | 1,000,000 | D | May 2, 2017 | May 2, 2026 | Common Stock | 1,000,000 | 0 | D |
Explanation of responses
- F1All of the shares subject to the option vest on the earlier to occur of (i) the date on which the Issuer's board of directors notifies the Reporting Person that it has appointed a successor chief executive officer of the Issuer or (2) May 2, 2017, as long as the Reporting Person does not resign from the position of interim chief executive officer prior to such date, however all of the shares subject to the option do not become exercisable until May 2, 2017.
- F2The option was cancelled by mutual agreement of the reporting person and the Issuer. The reporting person received 500,000 RSUs as consideration for the cancellation.