SEC Form 4 · accession 0001209191-17-045387
Vivint Solar, Inc. · VSLR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul S. Dickson
Officer — Chief Revenue Officer
Period of report
Jul 17, 2017
Accepted (ET)
Jul 17, 2017 · 8:56 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 Stock | Jul 17, 2017 | M | 130,000 | $1.00 | A | 307,015 | D | |
| Common StockF2 | Jul 17, 2017 | S | 130,000 | $5.2455 | D | 177,015 | 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)F3 | $1.00 | Jul 17, 2017 | M | 130,000 | D | — | Jul 11, 2023 | Common Stock | 130,000 | 311,176 | D |
Explanation of responses
- F1The sales reported by Mr. Dickson were effected pursuant to a Rule 10b5-1 trading plan.
- F2The "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 $4.85 to $5.50, 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.
- F3This option is vested as to 183,726 shares. Of the remaining 127,450 unvested shares subject to the original grant, 29,412 vest on November 16, 2017, and 98,038 vest in equal installments on May 15, 2018 and 2019 or, if earlier, when 313 Acquisition LLC receives cash proceeds with respect to its holdings of the issuer's common stock in an amount that equals $500 million more than its cumulative investment in the issuer's common stock.