SEC Form 4 · accession 0001209191-17-041435
Vivint Solar, Inc. · VSLR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David F. D'Alessandro
Director
Period of report
Jun 20, 2017
Accepted (ET)
Jun 22, 2017 · 5:03 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 20, 2017 | M | 39,755 | — | A | 52,471 | D | |
| Common StockF2,F1 | Jun 20, 2017 | A | 25,000 | — | A | 77,471 | D | |
| Common StockF4 | Jun 21, 2017 | S | 18,000 | $4.7716 | D | 59,471 | 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 UnitsF1,F5 | — | Jun 20, 2017 | M | 39,755 | D | — | — | Common Stock | 39,755 | 0 | D |
Explanation of responses
- F1The restricted stock units convert into common stock on a one-for-one basis.
- F2Represents restricted stock units granted pursuant to the 2014 Equity Incentive Plan which can only be settled with shares of common stock. The 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 to the issuer through such date.
- F3These shares were disposed of in non-discretionary transactions to cover the reporting person's tax withholding obligations pursuant to a Rule 10b5-1 Plan.
- F4The "Amount" and "Price" reported in this Column 4 reflect the aggregate number and weighted-average price, respectively, of shares sold. These shares were sold in multiple transactions at prices ranging from $4.70 to $4.80, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
- F5On June 21, 2016, the reporting person was granted 39,755 restricted stock units, vesting 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 annual stockholder meeting first occurring after the date of grant, subject to the Reporting Person's continued service to the issuer through such date.