SEC Form 4 · accession 0001209191-18-037908
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 13, 2018
Accepted (ET)
Jun 14, 2018 · 7:50 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 13, 2018 | S | 7,225 | $4.1087 | D | 56,476 | D | |
| Common StockF2 | Jun 13, 2018 | A | 29,213 | $0.00 | A | 85,689 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These shares were disposed of pursuant to the reporting person's Rule 10b5-1 trading plan 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 $4.10 to $4.15, 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).
- 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.