SEC Form 4 · accession 0001127602-15-019980
Vivint Solar, Inc. · VSLR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph S Tibbetts Jr.
Director
Period of report
Jun 3, 2015
Accepted (ET)
Jun 5, 2015 · 7:07 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 | Jun 3, 2015 | M | 10,200 | $0.00 | A | 10,200 | D | |
| Common Stock | Jun 3, 2015 | F | 4,096 | $13.99 | D | 6,104 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2 | $0.00 | Jun 3, 2015 | M | 10,200 | D | — | — | Common Stock | 10,200 | 0 | D |
| Restricted Stock UnitsF3 | $0.00 | Jun 4, 2015 | A | 9,187 | A | — | — | Common Stock | 9,187 | 9,187 | D |
Explanation of responses
- F1Restricted stock units convert into common stock on a one-for-one basis.
- F2The award vests on the day prior to the next annual meeting of the Issuer's stockholders following the IPO, subject to the Reporting Person's continued service to the Issuer through such date
- F3The award will vest as to 100% of the underlying shares on the earlier of the first anniversary of the date of grant or the date of the Issuer's next annual stockholder meeting first occurring after the date of grant, subject to the Reporting Person's continued service as a board member through such date.