SEC Form 4 · accession 0000899243-17-014741
Vivint Solar, Inc. · VSLR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas G. Plagemann
Officer — CCO; EVP, Capital Markets
Period of report
May 26, 2017
Accepted (ET)
May 30, 2017 · 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,F2 | May 26, 2017 | S | 46,000 | $3.06 | D | 205,876 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These shares were disposed of in non-discretionary transactions to cover the reporting person's tax withholding obligations in connection with the settlement of an award of restricted stock units. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.025 to $3.15, inclusive. The reporting person undertakes to provide to Vivint Solar, Inc., any security holder of Vivint Solar, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (1).
- F2Includes 145,168 restricted stock units granted pursuant to the Issuer's 2014 Equity Incentive Plan which can only be settled with shares of common stock. 106,707 of the restricted stock units vest on May 15, 2018. One third of the remaining restricted stock units vest on July 16, 2017, July 16, 2018 and July 16, 2019 respectively.