SEC Form 4 · accession 0001209191-17-045391
Vivint Solar, Inc. · VSLR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dana C Russell
Officer — CFO and EVP
Period of report
Jul 17, 2017
Accepted (ET)
Jul 17, 2017 · 8:59 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 | 31,250 | $1.30 | A | 281,750 | D | |
| Common StockF2 | Jul 17, 2017 | S | 62,500 | $5.2604 | D | 219,250 | 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 | $1.30 | Jul 17, 2017 | M | 31,250 | D | — | Jan 23, 2024 | Common Stock | 31,250 | 851,103 | D |
Explanation of responses
- F1The sales reported by Mr. Russell 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 $5.00 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 537,378 shares. Of the remaining 313,725 unvested shares subject to the original grant, 117,647 shares vest in equal annual installments on November 18, 2017 and November 18, 2018, and 196,078 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.